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Home sales are going to nosedive in 2023, Fannie Mae says

Housing Wire

million, according to the National Association of Realtors. HousingWire recently sat down with Polly CEO Adam Carmel to discuss how lenders can break old habits and redefine the mortgage process through innovation and modern, advanced technology. contraction in real GDP in 2023. from a year ago. .

Contracts 448
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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

Compared to the $393,500 median sale price of an existing home during that same period, according to the National Association of Realtors, buyers will pay almost 10% more when purchasing new construction. Renovating to modernize can add to the long-term cost of a resale home.

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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. million in August.”

Inventory 482
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8 best website builders for real estate agents, brokers and brokerages

Housing Wire

We looked at pricing, design quality, ease of use, lead generation features, and then combed online reviews to get feedback from other working Realtors. Trusted by over 7,000 agents and teams , Real Geeks’ all-in-one platform offers enough features to keep Realtors at all levels of their careers happy. Here our our picks.

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State of the mortgage industry half-time report

Housing Wire

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors.

Mortgage 448
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Opinion: More can be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. The title industry has finally put the foundation in place for a modernized workflow.

HOA 488
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Opinion: More should be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. The title industry has finally put the foundation in place for a modernized workflow. in question.

HOA 459