Housing Wire

MARCH 28, 2024

The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. In a status report filed on Monday, the plaintiffs and the sole remaining defendant in the suit, HomeServices of America , each indicated they would be available for a three- to four-week trial starting Jan.

Real Estate Agent 458

Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

JANUARY 27, 2025

Lets take a look at the data for the third week of January 2025. In 2025, the price appreciation curve is flatter still. Meanwhile, the median price of the new contracts pending this week came in at $384,700, which was a slight jump from last week. Heres one bright spot 2025 is the third year of flattish home-price changes.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397

Contracts Loan Officers Best Value Legal 397

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025. In 2023, NAR raised dues from $150 to $156. represent themselves 2.

Realtors 397

Realtors Finance Agents Legal 397

Housing Wire

JANUARY 27, 2025

Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to real estate agents. Indigo is a search platform that allows buyers to bid on agent-approved listings.

Real Estate 369

Real Estate Real Estate Agent Agents Brokerage 369

Housing Wire

MARCH 12, 2025

on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 7, 2025. While the average contract interest rate for 30-year fixed-rate mortgages decreased to 6.67%, every other loan type saw rates decrease. for several weeks.

Mortgage 396

Mortgage Contracts Government Housing Market 396

Housing Wire

MARCH 4, 2025

March figures to be a crucial month for gauging consumer interest in the 2025 housing market. The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote.

Mortgage 484

Mortgage Contracts Buyers Housing Market 484

Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge. Across the real estate industry, growth is a common goal for 2025.

Legal 370

Legal Brokerage Real Estate Agents 370

Housing Wire

MARCH 8, 2025

In 2025, mortgage rates have ranged between 7.26%-6.64%. Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. With that in mind, read my labor model for 2025 after the jobs report on how you get there! ” Labor over inflation, anyone?

Mortgage 451

Mortgage Inventory New Listings Housing Market 451

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 30, 2025

Compared to a month prior, contract signings fell 5.5% An index reading of 100 is equal to the level of contract signings in 2001. After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising, Lawrence Yun, NARs chief economist, said in a statement. in the West.

Contracts 448

Contracts Housing Market Buyers Realtors 448

Housing Wire

FEBRUARY 23, 2025

10-year yield and mortgage rates In my 2025 forecast, I anticipate the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70% So far in 2025, we have consistently been near the upper end of the year’s forecast.

Government 468

Government Mortgage Inventory New Listings 468

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. increase between 2024 and 2025 to a pace of 5.35 increase between 2024 and 2025 to a pace of 5.35 in November.

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

JANUARY 22, 2025

from 2023, and the brokerage said that similar growth is expected in 2025. Redfin senior economist Sheharyar Bokhari believes that prices will continue to rise in 2025, an opinion shared by many industry observers. “Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago.

Contracts 397

Contracts Buyers Brokerage Inventory 397

Housing Wire

JANUARY 13, 2025

This is the trend that will be the theme for 2025. Were expecting inventory to grow for 2025 and end the year with about 15% more homes on the market. If mortgage rates stay in the 7s for long, we expect inventory to grow faster, and well have to revise our 2025 inventory forecast higher. That means 4.2

Sellers 418

Sellers Inventory New Listings Contracts 418

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. million in 2025. Per the report, every U.S. region had decreases over the previous year. Pending transactions were down 6.6%

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

JANUARY 6, 2025

Thats not true now, so we should expect inventory to begin building for the year in February 2025. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. Since theres no sign of mortgage rates falling substantially, we expect inventory to keep climbing throughout 2025.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

MAY 22, 2024

Join us at The Gathering 2025 in Denver, CO, June 8-11. And more importantly, if you haven’t moved on or committed to contracts that are too rooted in the past, chances are your P&L statement isn’t looking so great. Go here to lock in special pricing with your registration. Nobody’s talking about that anymore.

Contracts 447

Contracts Technology Mortgage 447

Housing Wire

DECEMBER 30, 2024

More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024. The homes that went under contract took 43 days to do so the slowest pace since 2019. ” According to the report, 54.5%

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

MARCH 5, 2025

The average interest rate for a 30-year fixed-rate mortgage shrunk down to 6.73%, while the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances also saw a decrease to 6.83% from 7.00% Both 15-year fixed-rate mortgages and 5/1 ARMs saw rate decreases to 6.12% from 6.25% and 5.85% from 6.05%, respectively.

Mortgage 505

Mortgage Government Contracts Buyers 505

Housing Wire

MARCH 3, 2025

Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. Last week at HousingWires Housing Economic Summit in Dallas, I shared the data on why I expect that the same 6% threshold will be what were facing in 2025. This is after Q4 2024 was 5% above the year prior.

New Listings 374

New Listings Inventory Contracts Sellers 374

Housing Wire

NOVEMBER 21, 2024

We can track demand faster with our weekly pending contract prints, so it shouldn’t have been a surprise that we had some growth in today’s report. This is something to think about for 2025. Home prices firming up with higher inventory and mortgage rates just getting toward 6% is a lesson learned in 2024 for 2025.

Mortgage 493

Mortgage Housing Market Inventory Contracts 493

Housing Wire

DECEMBER 30, 2024

NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. ” In a statement, Bright MLS chief economist Lisa Sturtevant forecasted a jump in sales activity in early 2025. million in 2025. The report found that pending home sales jumped 2.2%

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Housing Wire

FEBRUARY 3, 2025

Lets take a look at the data for the final week of January 2025. Home prices contract The median price for home sales contracts entered this week was at $389,700. This might reverse the trend and push home prices higher in 2025. Weve forecasted 15% gains in inventory for the calendar year 2025 over 2024.

Sellers 413

Sellers Inventory New Listings Contracts 413

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 501

Inventory Contracts Realtors Buyers 501

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% A PHSI reading of 100 is equal to the level of contract activity in 2001. regions, with the West leading the pack. in November. a year earlier.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

DECEMBER 19, 2023

Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. Contracts growing We continue to see the new contracts grow each week: There were 7.7% more new contracts started this week than the same week a year ago.

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

FEBRUARY 5, 2025

on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association s (MBA) weekly mortgage applications survey for the week ending January 31, 2025. Mortgage applications increased 2.2% On an unadjusted basis, the index measuring applications increased 19% compared with the previous week.

Contracts 361

Contracts Mortgage Government Marketing 361

Appraisal Buzz

DECEMBER 19, 2024

But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. Homes with November closings generally went under contract in September and October, when shoppers benefited from an uptick in newly-listed for-sale homes.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

JULY 23, 2024

trillion in origination volume in 2025, up from a projected $1.70 The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. in 2024 and to 6.4%

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

DECEMBER 6, 2023

Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC). million to Black Knight in damages related to a breach of contract claim. In total, $1.8

Investing 435

Investing Contracts Investors Mortgage 435

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. Purchase application data Purchase application data rose 1% weekly and is up 6% year over year, even with a higher bar to work from.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

DECEMBER 11, 2024

This could represent a glimmer of hope for mortgage lenders heading into 2025. MBA’s report also examined the average contract interest rates for several loan types. The Federal Housing Finance Agency (FHFA) recently announced plans to raise 2025 conforming loan limits to $806,500 for one-unit properties 5.2%

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

FEBRUARY 10, 2025

This indicates slow market stabilization and continued inventory growth throughout 2025. If you are assuming that inventory will surge in 2025, this trend may prompt you to think twice. Of the 64,000 total sellers this week, almost 10,000 are already under contract. But Im growing less optimistic that well get there in 2025.

Sellers 370

Sellers Inventory New Listings Contracts 370

Housing Wire

JANUARY 23, 2025

Hopefully, you can customize these recommendations to your brand, ensuring that your direct mail marketing efforts stay relevant and effective in 2025 and beyond. We also include tips to ensure they reach the right prospects with the right message at the right time.

Real Estate 305

Real Estate Open Houses Real Estate Agent Design 305

Housing Wire

NOVEMBER 16, 2023

The parties announced on Thursday that Change will remain a certified CDFI until the lender’s next application related to the fiscal year 2025 is determined.

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Lending Finance Contracts Development 447