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

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

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight. In 2020, hiring in the mortgage industry surged.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents.

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

FEBRUARY 12, 2024

There were 66,000 new listings this week, of which 14,000 are already in contract. 14,000 of those new listings are already in contract. These are listings that hit the housing market and take offers within hours or a few days and then go immediately into contract. That’s 14% more new listings than for the same week a year ago.

Sellers 468

Sellers Housing Market Buyers New Listings 468

Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty.

Real Estate 459

Real Estate Insurance Legal Training 459

Housing Wire

NOVEMBER 21, 2023

1, 2024, but certain provisions on derivative contracts, and cleared and collateralized transactions go into effect on Jan. The final rule is primarily related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies and derivatives and cleared transactions.

Government 442

Government Contracts Tools Mortgage 442

Housing Wire

MARCH 22, 2024

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.” It is definitely a significant concern and issue,” Smith said. “It It is definitely a significant concern and issue,” Smith said.

Insurance 448

Insurance Inventory Marketing Real Estate 448

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? Let me summarize the theory of a normal distribution.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

SEPTEMBER 12, 2023

New contracts dipped as affordability is out of reach for so many. For example if mortgage rates hit 8%, we’ll definitely see it in the data. There are 348,000 single-family homes in contract right now, with only 54,000 new contracts pending in the last week. The light portion of the bar are the new contracts that week.

Contracts 435

Contracts Inventory Housing Market Buyers 435

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. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. A seller-client cancels a listing.

Real Estate 370

Real Estate Legal Clients Brokerage 370

Appraisal Buzz

AUGUST 1, 2022

When reading contracts, words will always have their ordinary meaning unless defined otherwise. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule. adjective.

Valuation 360

Valuation Contracts Appraisal Legal 360

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’re definitely seeing a ton of new projects,” Grebe said. It’s like a horse race.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

NOVEMBER 10, 2022

The 2023 caps reflect an anticipated contraction of the multifamily originations market in 2023,” the FHFA said in a statement. “To The FHFA also made changes to selected definitions of multifamily mission-driven affordable housing in Appendix A of the Conservatorship Scorecard. “In

Government 370

Government Finance Contracts Design 370

Housing Wire

FEBRUARY 26, 2024

Home prices aren’t falling but the growth signals are definitely softening. And sure enough the number of new contracts started this week dipped. Price of new pendings The price of the homes that went into contract this week dipped a little too. A week ago, I mentioned that some of the price signals were softening.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

SEPTEMBER 30, 2020

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 1, 2023

or 8% range, then there is definitely downside risk for home prices. In the light red line of the chart, you can see how the seasonal discounting definitely accelerated in 2022. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. In 2022 there were 418,000.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

AUGUST 4, 2022

In May, ICE said it entered into a definitive agreement to acquire Black Knight for $13.1 Black Knight is preparing to be acquired by Intercontinental Exchange Inc. ICE), assuming regulators don’t stand in their way. billion, which valued Black Knight at $85 per share.

Clients 397

Clients Mortgage Contracts Business 397

Housing Wire

NOVEMBER 1, 2023

There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space. So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

Contracts 397

Contracts Lending Investing Investors 397

Housing Wire

MARCH 10, 2023

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. Our contract is little different in that we share part of the entire home value at the end of the contract.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

DECEMBER 13, 2024

I definitely believe that the legal environment is still there and theres a lot going on, but it is really critical that we focus on … helping our agents grow, helping our affiliates grow and focusing back on business in the coming year, Yannaccone said. But that isnt what she wants her firm to focus on in the year ahead.

Legal 370

Legal Brokerage Real Estate Agents 370

Housing Wire

AUGUST 19, 2024

Home sales down a teeny bit There are 366,000 single-family homes under contract. It is notable that the price of the homes under contract is still 3-5% above last year. Withdrawals of active listings are definitely climbing. So not all signs are showing the plateau in unsold homes. Prices nationally are unchanged for two years.

Inventory 444

Inventory New Listings Sellers Buyers 444

Housing Wire

JANUARY 10, 2024

Exclusivity: No Trial period: None specified Contract requirements: None specified zBuyer Best for: Customer service Visit zBuyer zBuyer offers a suite of tech-forward features, such as email and SMS marketing, an IDX website and marketing assistance, in addition to its real estate lead generation services.

Real Estate 447

Real Estate Real Estate Agent Tools Contracts 447

Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

NOVEMBER 2, 2023

While its expensive setup fee and contract terms may not be ideal for all agents, Zurple’s emphasis on lead quality, lead prioritization and automated nurturing campaigns make it suitable for real estate professionals aiming to streamline the efficacy of their email marketing efforts. Zurple is that assistant you’ve been looking for.

Real Estate 459

Real Estate Real Estate Agent Tools Agents 459

Housing Wire

MARCH 14, 2025

The top benefits agents provided to homebuyers was helping understand the process (61%), pointing out unnoticed features/faults with property (58%) and negotiating better sales contract terms and providing a better list of service providers (e.g. Homebuyers found photos to be the most valuable feature found on a listing website (66%).

Real Estate 358

Real Estate Marketing Real Estate Agent Sellers 358

Appraisal Buzz

SEPTEMBER 19, 2022

SPS) has announced that it has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC (Rushmore) to acquire certain Rushmore assets, including hiring Rushmore servicing personnel and assuming Rushmore servicing contracts. Select Portfolio Servicing, Inc.

Contracts 39

Contracts Appraisal 39

Housing Wire

DECEMBER 29, 2023

First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck do I do with myself and all of this unclaimed time?!

Brokerage 448

Brokerage Real Estate Contracts Business 448

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. Depersia said that there are definitely bidding wars in his housing market, especially with more people coming out from the city and trying to live in the Hamptons full time. And, since early July to now, it’s just getting very busy.”.

Housing Market 537

Housing Market Marketing Real Estate Agent Real Estate 537

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. I don’t mean affordable housing in the HUD definition, though I know that’s needed too.

Modernization 397

Modernization Legal Contracts Mortgage 397

Housing Wire

JUNE 7, 2024

Automated lead engagement and nurturing tools: Leads are engaged and nurtured with automated, behavior-based text messages and emails Automated pipeline management CRM: Automatically identifies hot leads ready to transact so you can take over. To target different cities or neighborhoods in your MLS, you’ll want to add additional Zurple websites.

Advertising 458

Advertising Tools Real Estate Sellers 458

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

APRIL 6, 2021

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. “I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. Wow, since when?

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

DECEMBER 19, 2022

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. And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.” Reno, Nevada.

Marketing 434

Marketing Inventory Buyers Housing Market 434

Housing Wire

DECEMBER 13, 2022

Pathfinder is a searchable knowledge base that connects an LO with definitive answers, mortgage guidance and process info that can be accessed anytime, from anywhere and on any device. Rather than relying on restrictive contracts, Rocket Pro TPO will continue proving ourselves and competing for business every day and on every loan.

Technology 418

Technology Clients Real Estate Agent Business 418