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

National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

Inspection 80

Inspection Contracts Realtors Buyers 80

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

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

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

Mortgage 370

Mortgage Buyers Contracts Finance 370

Housing Wire

JANUARY 8, 2021

The country was paralyzed amid the current health crisis and many borrowers and sellers alike are frightened to enter purchase contracts and move forward with transactions already in progress. The post 2021 means new challenges for mortgage lending appeared first on HousingWire.

Lending 473

Lending Mortgage Inventory Business 473

Housing Wire

OCTOBER 13, 2021

Earlier this year, however, agents in the metro were seeing houses go into contract within five days of being listed and properties with desirable features – such as single-story living and an updated kitchen and bath – bringing in 20 to 30 offers. I have been getting buyers from Ohio, California and all over.”. It is really wild.”.

Buyers 418

Buyers Agents Inventory Realty 418

Housing Wire

JANUARY 17, 2024

A 5% sample of the UAD data was used, including the period between the third quarter of 2018 and the fourth quarter of 2021. of all purchased properties in the period analyzed between 2018 and 2021, despite national house prices growing rapidly. However, time adjustments happened to only 18.5%

Appraisal 421

Appraisal Contracts Finance Real Estate 421

Sacramento Appraisal Blog

MAY 5, 2021

“Buyers are crazy!!! How can they be paying these prices?” ” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days. But for anyone actually in the game, the truth is […].

Buyers 440

Buyers Contracts Housing Market Appraisal 440

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Housing Wire

SEPTEMBER 25, 2024

Home prices jump The median price of the homes that went into contract this week jumped to $389,900. It’s the second week in a row with an uptick in the price of the homes going into contract. At that time, demand exploded, buyer competition was intense, there were bidding wars and sight-unseen purchases. Since 2020, the U.S.

Inventory 398

Inventory New Listings Sellers Contracts 398

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 448

Inventory Renovations Contracts Buyers 448

Lamacchia Realty

OCTOBER 11, 2024

HOW FLORIDA'S NEW FLOOD DISCLOSURE REGULATIONS IMPACT BUYERS AND SELLERS In the aftermath of Hurricane Helene, Florida state lawmakers have passed a new flood disclosure statute for real estate transactions. This change brings more transparency to the transaction, making buyers aware of any dangers before making purchasing decisions.

Sellers 74

Sellers Buyers Insurance Law 74

Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said.

Mortgage 514

Mortgage Contracts Government Buyers 514

Housing Wire

MARCH 3, 2021

26, 2021 according to the latest report from the Mortgage Bankers Association. “Purchase applications increased, with a rise in government applications – likely first-time buyers – pulling down the average loan size for the first time in six weeks.”. Mortgage applications recovered slightly from last week , increasing 0.5%

Mortgage 532

Mortgage Contracts Government Housing Market 532

Housing Wire

OCTOBER 27, 2021

Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”. annual gain for the year ending in August 2021, remaining the same as the previous month. Mortgage applications increased 0.3% the week prior.

Mortgage 454

Mortgage Contracts Buyers Marketing 454

Housing Wire

JANUARY 27, 2023

compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the monthly increase, pending home sales are down 33.8%

Contracts 448

Contracts Realtors Mortgage Buyers 448

Appraisal Buzz

AUGUST 29, 2024

Regionally, and month over month, contract signings decreased 1.4% Current lower, falling mortgage rates will no doubt bring buyers into market.” One interesting trend we’ve noticed is that buyers are picking bigger houses. Pending home sales decreased 5.5% in July compared with June and were down 8.5% in the Northeast, 7.8%

Contracts 221

Contracts Buyers Realtors Inventory 221

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. And homebuyers with flexibility are keen on more moderately priced regions within the Midwest and South, the report found.

Contracts 404

Contracts Inventory Housing Market Marketing 404

DataMaster

JANUARY 15, 2021

Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong! Is this rate of selling sustainable for 2021?

Appraisal 147

Appraisal Construction Business Real Estate 147

Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week ‘s report showed a 1.8% drop in applications to the lowest level since January 2020. from 61.6% the previous week.

Mortgage 521

Mortgage Contracts Inventory Investors 521

Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans.

Mortgage 468

Mortgage Contracts Government Buyers 468

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 438

Contracts Investors Investing Market Value 438

Housing Wire

JUNE 1, 2022

The refinance index dropped 5% from the previous week and was 75% lower than the same period in 2021. “Demand is high at the upper end of the market, and supply and affordability challenges are not as detrimental to these borrowers as they are to first-time buyers.”. million in 2021. of total applications from 32.3%

Mortgage 454

Mortgage Contracts Retail Marketing 454

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

Contracts 407

Contracts Inventory Housing Market Buyers 407

Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022.

Lending 396

Lending Real Estate Agent Loan Officers Retail 396

Housing Wire

SEPTEMBER 26, 2023

The home sales that are in contract now will close mostly in October. There are now 344,000 single-family homes in contract to close in the next couple months. That’s 14% fewer than last year and almost 30% fewer than in September of 2021. The price of the new contracts this week came in at $370,000.

Inventory 504

Inventory Contracts New Listings Mortgage 504

Housing Wire

MARCH 10, 2021

. “Loan sizes moderated for the second straight week, which is potentially a sign that more first-time buyers are entering the market,” Kan said. The 30-year fixed mortgage rate climbed to 3.26% last week, which is the highest since last July and up 40 basis points since the start of 2021.”. from 12.3% the week prior.

Mortgage 448

Mortgage Contracts Government Inventory 448

Housing Wire

MAY 18, 2022

We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power. percent) above the April 2021 rate of 1,505,000. percent (±8.7

Mortgage 484

Mortgage Construction Contracts Housing Market 484

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. in early 2021, the Texas tech hub has been impacted by tech layoffs, dwindling tech stock values and unsustainable high home prices. according to Redfin’s data.

Housing Market 360

Housing Market Marketing Contracts Buyers 360

Housing Wire

AUGUST 7, 2023

Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. It started curving down, but in September the buyers stopped and inventory surged. It was that jump that stopped any buyers cold — the moment of change where people stopped buying.

Inventory 297

Inventory New Listings Contracts Sellers 297

Housing Wire

MARCH 24, 2021

The dip in applications is linked to broader trends in the housing market: more than a year of low inventory is forcing interested buyers to snag whatever they can get their hands on, even if it’s overpriced. That’s coupled with a rise in mortgage rates , too.

Mortgage 495

Mortgage Contracts Inventory Government 495

Simonson Real Estate

JANUARY 25, 2022

I think we can all agree that 2021 was another year of great challenge and historic change. In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. 2021 was the fifth straight year of record apartment deliveries. and dipped to about 4.25% in 4 th Quarter 2021.

Marketing 131

Marketing Construction Real Estate Lending 131

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. She also said that HomeService’s guidelines state that listing brokers need to compensate buyer brokers only when the property is in the MLS. Goldberg testified that while there are roughly 2.5

Law 446

Law Agents Realtors Contracts 446

Housing Wire

OCTOBER 21, 2021

The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. decrease from August 2021. Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”.

Inventory 433

Inventory Buyers Realtors Contracts 433

Housing Wire

AUGUST 11, 2021

Homeowners continue to respond to lower rates, with refinance activity climbing to the highest level since February 2021,” said Kan. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $548,250) increased to 3.15% from 3.12%. the week prior. The post Mortgage applications up 2.8%

Mortgage 418

Mortgage Contracts Inventory Housing Market 418

Housing Wire

AUGUST 17, 2022

It was also down 62% compared to the same week in 2021. . decline from the previous week and fell 82% from the same week in 2021 to its lowest level since November 2000, driven by a 6% drop in conventional refi applications. The market composite index , a measure of mortgage loan application volume, fell 2.3% for the week ending Aug.

Mortgage 387

Mortgage Retail Contracts Buyers 387