Housing Wire

MAY 6, 2024

These are new listings that are already under contract, so they’re not counted in the active inventory. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now. Pending sales There are only 393,000 single-family homes under contract this week. At that time, there were more sellers and more sales.

Inventory 476

Inventory Contracts Sellers New Listings 476

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often? The motivation of the buyer is a different story.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. New pendings The holiday weekend pushed a few contracts out later too. Just like the listings volume, the sales volume is definitely increasing. That’s down 6.5%

Inventory 493

Inventory Contracts New Listings Sellers 493

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MARCH 22, 2024

These rising costs are understandably impacting the ability or willingness of some buyers to purchase specific properties. We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” Literally since Jan.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

JANUARY 29, 2024

Homes in contract rises There are more homes in contract now than last year at this time. I think this trend is durable, but it’s definitely not a guarantee. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile. Here’s what’s wild.

Contracts 448

Contracts Inventory Housing Market Mortgage 448

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” “We won’t renegotiate with you, and that seems to help buyers a ton.” It’s like a horse race.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends.

Real Estate 369

Real Estate Legal Clients Brokerage 369

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 435

Contracts Inventory Housing Market Buyers 435

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Home prices aren’t falling but the growth signals are definitely softening. And sure enough the number of new contracts started this week dipped. It can be hard to communicate all this with buyers and sellers.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

AUGUST 19, 2024

Home sales down a teeny bit There are 366,000 single-family homes under contract. As mortgage rates fall, we’ll see if there is any notable uptick in buyer demand. Is there a threshold that motivates buyers? If we see any uptick in buyer demand, we’re looking at September or even October before the sales needle moves.

Inventory 437

Inventory New Listings Sellers Buyers 437

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. Koch said that since this summer — typically the home-buying off-season — was busy for buyers, he thinks it will only get crazier. “We And, since early July to now, it’s just getting very busy.”. 1, and runs through May 1. Presented by: NAMB.

Housing Market 537

Housing Market Marketing Real Estate Agent Real Estate 537

Housing Wire

JUNE 7, 2024

When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.

Advertising 456

Advertising Tools Real Estate Sellers 456

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. or 8% range, then there is definitely downside risk for home prices. In 2022 there were 418,000.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space.

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” as of June 21, 2024.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

DECEMBER 19, 2022

This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said.

Marketing 434

Marketing Inventory Buyers Housing Market 434

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. But we are definitely supporting a market that already exists — they don’t use real estate agents anyway. BR: On the surface, it does appear that way.

Real Estate Agent 448

Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. It was definitely a rush job! For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. Wow, since when?

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid?

Agents 435

Agents Training Buyers Law 435

Housing Wire

JANUARY 10, 2024

At-a-glance: 8 top real estate lead generation companies for 2024 Best for full-service marketing suite + exclusive leads Market Leader From $139 Jump to Details ↓ Visit Market Leader Best for seller leads SmartZip From $500 Jump to Details ↓ Visit SmartZip Best for automated lead nurturing Zurple From $309 Jump to Details ↓ Visit Zurple Best for exclusive (..)

Real Estate 446

Real Estate Real Estate Agent Tools Contracts 446

Housing Wire

NOVEMBER 2, 2023

The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 459

Real Estate Real Estate Agent Tools Agents 459

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. The seller continues to have an obligation to manage their company that they still own after an asset deal,” one industry source explained.

Buyers 418

Buyers Sellers Finance Contracts 418

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS.

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

MAY 27, 2022

Jeremy Potter: Here are the trends that I am closely following: iBuyer and Rent-to-own platforms for first-time homebuyers Blockchain and tokenization technology for smart contracts and fractionalized ownership Dad jokes on Instagram reels. It’s also more modern and appealing to first-time home buyers.

Modernization 397

Modernization Legal Contracts Mortgage 397

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. The likelihood of the listing agent selling a pocket listing to a direct buyer without their own agent increases greatly with pocket listings.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

DECEMBER 13, 2022

There are many buyers who have reached the point in their life where they want to buy their first home – or their current home isn’t a good fit for them anymore – but are waiting because of the uncertainty in the market. My hope is that buyers get off the sidelines and begin shopping for their perfect home once rates are more consistent.

Technology 418

Technology Clients Real Estate Agent Business 418

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period.

Marketing 397

Marketing Investing Mortgage Investors 397

Housing Wire

APRIL 20, 2022

Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. It has definitely helped grow our industry.”. We did have faxes, it wasn’t the beginning of time, but everything is almost instantaneous now.”.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

APRIL 26, 2022

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. That’s what we built our system to do [for crypto and traditional mortgages].”.

Mortgage 476

Mortgage Technology Investing Investors 476

Housing Wire

JULY 8, 2024

If you have any questions about the paperwork or need help during the contract to close period, please save my number and reach out. If no: It’s definitely not easy to do, and it looks like you have a great property! Buyer objection script: “We’re just going to work directly with the listing agent. If it’s NOT your listing: Hi!

Real Estate 435

Real Estate Business Agents Sellers 435

Housing Wire

DECEMBER 27, 2023

When I was a title agent in Texas, there was a team of people opening new orders, verifying information, and sending out documentation that was needed for buyers and sellers,” Trimble said. I think the amount we use AI might fluctuate but it is definitely here to stay,” Bill Svoboda, the president and co-founder of Close Simple , said.

Technology 468

Technology Business Insurance Development 468

Housing Wire

JUNE 7, 2024

Your niche could be anything from first-time buyers to downsizers or investors. If you can’t afford to hire a designer or marketing company, Coffee and Contracts is an excellent option. Visit Coffee & Contracts Double-down For everything that is generating a positive ROI (and that you enjoy), double-down.

Real Estate 459

Real Estate Marketing Agents Tools 459

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs.

Mortgage 397

Mortgage Investors Clients Marketing 397

Housing Wire

DECEMBER 13, 2023

As origination volume increases, and related MBS issuance goes up, so does the supply of MBS for sale in the market — creating downward pressure on prices, assuming buyer demand remains repressed. So, it was not only hard to find deposits, but they’re expensive.

Mortgage 434

Mortgage Marketing Investors Lending 434