Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.”

Sales 447

Sales Mortgages Staging As-is 447

Housing Wire

JULY 20, 2022

According to NAR, existing-home sales declined for the fifth straight month to a seasonally adjusted annual rate of 5.12 NAR total inventory data going back to 1982 Today’s report did show growth, which is the best part of the report, and let’s all hope for more inventory in 2023! This means 4%+ mortgage rates.

Sales 506

Sales Mortgages As-is Marketing 506

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 396

Equity Purchase and sale agreement Marketing Lending 396

Marco Santarelli

MAY 16, 2024

On Wednesday, 30-year fixed mortgage rates dipped below the psychologically significant 7% threshold, settling at 6.84% – the most attractive rate since late March according to a report from Investopedia. 15-year fixed rates for new purchases fell to 6.01%, marking their most affordable level since late March.

Pre-approval 52

Pre-approval Mortgages Loans Banks 52

Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. In fact, the yield on the benchmark 10-year U.S. bond market.

Mortgages 545

Mortgages Loans VA loan Investor 545

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. In my 2024 forecast , I put the 10-year yield range between 3.21%-4.25% , with a critical line in the sand at 3.37%.

Mortgages 466

Mortgages Sales As-is Marketing 466

Redfin

APRIL 16, 2024

From down payments to monthly mortgage payments, there’s a lot to understand before buying your first home So whether you already live in The Mile High City or are looking to relocate to the area, here’s a breakdown of the income you’ll need to purchase your first home in Denver. The average U.S.

FHA loan 63

FHA loan Loans Principal Mortgages 63

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

Marketing 540

Marketing Mortgages Sales As-is 540

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. I explain how this happened in this recent podcast.

Marketing 470

Marketing Mortgages Banks Sales 470

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. Mortgage rates are at 7.5% In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Mortgage rates are now topping 7.5%, the highest levels seen this year.

Marketing 479

Marketing Mortgages Sales As-is 479

Marco Santarelli

NOVEMBER 11, 2022

This can spur a sharp decrease in home prices when the new supply of homes lacks buyers willing or able to pay the higher costs. This can spur a sharp decrease in home prices when the new supply of homes lacks buyers willing or able to pay the higher costs. There is no clarity regarding the housing market forecast for 2023.

Marketing 52

Marketing Mortgages Sales As-is 52

HomeLight

AUGUST 19, 2022

After a global pandemic, soaring home prices and bidding wars, raging-high inflation and recent interest rate hikes, it seems we’ve weathered enough economic drama for a lifetime. And yet, things are still getting funkier. Signs of recessions are mounting, sending consumer confidence plummeting to record lows. Get Estimate.

Investor 83

Investor Banks Loans Finance 83

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association. We will know that when we see it.

Lending 382

Lending Loans Mortgages Industrial 382

Kyle Handy

JANUARY 2, 2023

Talk to builders 10. Knock on doors (or leave flyers) 16. Many of these deductions are overlooked and underused by real estate agents across the country. Before I start, I want to point out that I am not a Certified Public Accountant (CPA). Consult with your CPA before filing your taxes and using any advice in this article.

Agents 105

Agents As-is Finance Inspection 105

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened?

Marketing 63

Marketing Mortgages Investor New Construction 63

Redfin

DECEMBER 29, 2022

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. For the first time in history, mortgage rates doubled in the span of just one year. In April and May, mortgage rates rose to combat rising inflation, which began reversing housing trends from earlier in the year. .

Marketing 82

Marketing New Construction Construction Investor 82

The Close

DECEMBER 9, 2022

In this update, we worked with industry luminary Ryan Serhant and top agents from Douglas Elliman to add in their best negotiation strategies for 2023. Here is the language we use in our counteroffers: We hereby instate an escalation clause. That’s why we decided to update this guide to real estate negotiation.

Purchase and sale agreement 122

Purchase and sale agreement Inspection Agents Closing 122

Notorious ROB

JUNE 12, 2022

But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been forced to “take action” by which we mean raise rates a tiny bit, then jawbone a whole lot about how tough they’re going to be on inflation. In part 1 , we covered legal and regulatory challenges to the real estate industry.

Investor 86

Investor Banks Bankruptcy Equity 86

HomeLight

FEBRUARY 8, 2023

The right situations might include: If mortgage interest rates are low Historically, sellers will find the greatest success when interest rates are low and more buyers are on the hunt. The thirty-year fixed mortgage rate averaged 6.13% at the end of January , down from 7.08% in November 2022, according to Freddie Mac.

Equity 81

Equity Renovation Agents Sales 81

HomeLight

JUNE 30, 2022

Closing and mortgage costs. Title and escrow fees and additional costs associated with your mortgage can all come as a surprise to first-time homebuyers. Mortgage broker fee. Mortgage brokers help prospective borrowers secure a loan by serving as a go-between for the buyer and a potential lending institution.

Title 57

Title Loans Earnest money deposit Title search 57

GeekEstate

OCTOBER 16, 2020

While the SPAC merger process is quite interesting on its own (good posts on the topic here and here ), this post will focus in on the Opendoor business, its progress to date and its prospects for the future. Opendoor has ambitious plans to reach nearly 38,000 annual home sales and $10 billion in revenue by 2023.

Purchase and sale agreement 90

Purchase and sale agreement Title Investor Brokerage 90

GeekEstate

JANUARY 12, 2023

[Editor’s Note: Below is the full text of our 239th Weekly Transmission, originally delivered direct to the inbox of more than 600 GEM members on January 4th, 2023.]. The importance of climate hasn’t lessened in 2023. That said, we’re going back to the basics in 2023: profits rule and negative unit economics drool.

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MLS Banks Technology Equity 64