Remove category move-up-buyers
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Key housing markets are starting to buck national trends: Redfin

Housing Wire

That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. Cape Coral, Florida, led the way in this category with supply growth of 51%. HousingWire’s Mortgage Rates Center showed that the average 30-year conventional fixed rate was 7.56% on Friday — up from 6.83% at the start of the year. “My

Marketing 274
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Empty-nesters own twice as many large homes as millennials with children

Housing Wire

This disparity comes even as more millennials (28%) than baby boomers (27%), make up the adult population of the U.S. Although millennials with children own less than 15% of all three-bedroom-plus homes in the country, they make up 42.8% of all the three-bedroom-plus rentals nationwide, the largest share of any generational category.

Equity 463
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Desperate for deals, mortgage pros get creative

Housing Wire

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. He’s been watching the spring homebuying season slowly pick up and buying leads through Zillow and Realtor.com. It could open up the door for more business,” he said.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Consequently, 37% of homeowners say they want to move but are staying in their current home.

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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

Redfin just announced they are giving up their board seat (a mere one of over 1,000 board seats) and pulling out of NAR completely. Meaning, they were counting on buyer agent compensation to pay their bills. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid?

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I’d list my home, but where would I move?

Housing Wire

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Nationwide, inventory is at all-time lows.

Equity 284
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How top mortgage broker Mark Cohen stays on top of the SoCal market

Housing Wire

While there are fewer move-up buyers now compared to the pandemic years, Cohen noted the uniqueness of the Southern California housing market, in that people tend to move more frequently compared to other states as they accumulate wealth. For the most part, it’s the $3 million and under category.

Mortgages 366