Housing Wire

JANUARY 20, 2022

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

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Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Appraisal Buzz

JULY 24, 2024

Following substantial increases in Coverage A, or residential coverage, from 2021 to 2022, these increases started to taper off in 2023 and kept going down until 2024. For instance, when a homeowner purchased insurance in 2021, their premium increased by $253 and their Coverage A increased by $33,500 when they renewed their policy in 2022.

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Insurance Buyers Marketing Business 370

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 499

Real Estate Buyers Renovations Open Houses 499

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. Homesnap said this trend could further drain inventory as 2021 approaches. 22%, while total sales increased 19.29%. Presented by: Freddie Mac.

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Inventory Housing Market Marketing New Listings 546

Eyes on Housing

JANUARY 28, 2022

In early 2018, only 16% of home buyers expected that finding a home would be easier in the months ahead. But in 2021, buyers’ perceptions of housing inventory worsened throughout the year, and by the fourth quarter, only 24% expected easier availability ahead.

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Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

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Clients Agents Buyers Sellers 459

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. Now it is a different conversation.

Housing Market 457

Housing Market Buyers Agents Marketing 457

Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. in 2021 to $301,000—an annual record, the report added.). “As What a year 2021 was for home sellers and the housing market all around the U.S.

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Sellers Investing Investors Housing Market 459

Housing Wire

OCTOBER 8, 2020

Doug Duncan doesn’t claim to be an oracle, but the Fannie Mae Senior Vice President and Chief Economist on Thursday offered some forecasts for 2021, even amid a pandemic that has thrown markets into disarray. “We think at the end of 2021, it will be roughly double that, around 6%.” At the end of 2019, we were at 3.5%

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Inventory Housing Market Buyers Construction 531

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Buyers are really struggling.” But rising prices are not the only financial challenge buyers are having to contend with right now.

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Buyers Marketing Inventory Investors 444

Eyes on Housing

JANUARY 31, 2022

According to the latest Housing Trends Report, home buyers’ affordability expectations deteriorated throughout 2021. By the fourth quarter, the share of buyers who could afford less than half the homes available in their markets was at 76%. Read More ›

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Buyers Marketing 158

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. But will 2021 be the same? Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low. Low-interest rates are great for potential buyers. The post Is 2021 a good time to sell your house?

Property Taxes 482

Property Taxes Sellers Insurance Mortgage 482

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. year over year, the largest annual decline since June 2021. The median U.S.

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Buyers Mortgage New Listings Real Estate 444

Housing Wire

DECEMBER 23, 2020

While the speed and magnitude of the housing recovery was surprising, the strong underlying fundamentals serving as tailwinds for the housing market’s recovery were not, and these tailwinds are expected to remain strong in 2021. 2021 housing market tailwinds: Rates, demographics and supply. The rest of this content is for HW+ members.

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Housing Market Mortgage Buyers Marketing 521

Housing Wire

JANUARY 29, 2024

mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. In October, a buyer with the same monthly budget and a 7.8% Redfin agents report that buyers have come to terms with rates in the 6s, even if they’re double the historically low costs that buyers had during the early stages of the COVID-19 pandemic.

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Buyers Mortgage Agents Investors 408

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

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Inventory Contracts Training Investors 532

Real Estate News

MARCH 28, 2023

Millennials dominated the market in 2021, but as affordability pushed younger buyers to the sidelines, boomers took over as the top group of buyers 2022.

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Buyers Marketing 271

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. times potential first-time buyer income) Detroit (2.9)

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Buyers Advertising Inventory Home Value 273

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. In August, 58.8% and Salt Lake City at 68.1% and 35.7%, respectively.

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Buyers Inventory Real Estate Agent Sellers 468

Housing Wire

APRIL 19, 2021

Real estate investors buy to flip a home for a profit or get rental income, but they’re not the majority of buyers in America each year. Think about all those Americans who bought homes to live in last year who are now grateful they don’t have to deal with this unhealthy housing market for buyers. Join today with an HW+ Membership !

Housing Market 541

Housing Market Marketing Real Estate Investing 541

Housing Wire

DECEMBER 1, 2021

See below for the full list of HousingWire’s 2021 Tech Trendsetters, and click through for the profiles of each honoree. Head of Buyer Product. The post Introducing the HousingWire 2021 Tech Trendsetters appeared first on HousingWire. Company Name. Abe Kuruvilla. Chief Information Officer. Alan Johnson. The Corcoran Group.

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Technology Development Realty Valuation 473

Housing Wire

JANUARY 8, 2021

This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. In each Q&A, we attempt to bring clarity to the top questions around housing supply shortages in 2021, the future of foreclosures and the future generation of homebuyers.

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Housing Market Marketing Buyers Mortgage 488

Housing Wire

FEBRUARY 12, 2024

In 2021 there were actually more total sellers, but at the peak of the frenzy, so many of those were immediate sales that they never get counted as active inventory. Immediate sales If sellers are growing we need to know if buyers are growing too. And the spring buying season will have improved selection for home buyers.

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Sellers Housing Market Buyers New Listings 426

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

Mortgage 518

Mortgage Inventory Real Estate Technology 518

Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. 2021 to Jan.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Low mortgage rates combined with a sweet spot in the demographics for housing in 2020-2024 suggests we could see real home-price growth in 2021. In fact I expect forbearance to be continued the entire year of 2021.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

MARCH 16, 2022

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

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Buyers Supply Chain Construction Inventory 414

Housing Wire

SEPTEMBER 30, 2022

It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. It’s now possible to buy a home for $400,000 that would have sold for $500,000 in 2021.”. Not yet anyway. James Kleimann contributed to this report.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Housing Wire

MARCH 1, 2021

And for the companies that were already operating in the digital space, they were able to stay ahead of the curve as home-buyer demand reached unheard-of levels. The post HousingWire Magazine: March 2021 appeared first on HousingWire. To see all HousingWire Magazine issues, click here.

Real Estate 352

Real Estate Buyers Mortgage 352

Housing Wire

SEPTEMBER 23, 2020

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. Second, the MBA joined the GSEs and other economists who forecast a significant drop in mortgage production in 2021, with most estimating declines in the range of $700 – $800 billion year over year. Click image to expand.

Mortgage 540

Mortgage Investors Buyers Finance 540

Housing Wire

DECEMBER 30, 2020

As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%. The post Pending home sales continue to slip as 2021 approaches appeared first on HousingWire. The National Index is now up 24.5% year over year.

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Contracts Inventory Realtors Government 535

Housing Wire

APRIL 5, 2021

Instead of making up for the shortfall, new listings have slumped further in 2021. Any hopes of 2021 bringing an influx of homes to the market and lessening pressure on prices appear to be dashed for now,” said Ben Graboske, Black Knight’s data and analytics president. “Any Buyers are paying the price appeared first on HousingWire.

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Inventory Buyers New Listings Mortgage 511

Housing Wire

APRIL 7, 2021

And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. The post Home sellers are feeling good about 2021 appeared first on HousingWire. points to 81.7. Presented by: Propertybase.

Sellers 518

Sellers Real Estate Real Estate Agent Loan Officers 518

Eyes on Housing

OCTOBER 11, 2023

In a new study, NAHB uses the 2021 American Housing Survey (AHS) to investigate the characteristics of recent home buyers, defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted. According to this criterion, roughly 10.2 million households recently bought and moved to a new home.

Buyers 172

Buyers 172

Appraisal Buzz

MARCH 26, 2024

There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. As of March 17, there were roughly 795,645 active listings.

New Listings 195

New Listings Buyers Marketing Inventory 195

Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market.

Buyers 448

Buyers Real Estate Agent Real Estate Inventory 448