Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

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Housing Wire

MAY 23, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. HousingWire: Between inflation and additional interest rate hikes coming down the line from the Fed, why is now a smart time for lenders to start prioritizing home equity products?

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Housing Wire

FEBRUARY 15, 2024

“Anywhere demonstrated our leadership strength in 2023, driving meaningful results in a tough real estate market,” Ryan Schneider , Anywhere president and CEO, said in a statement. “In The company produced these results amid “an incredibly difficult year for the housing market,” Schneider said during an earnings call on Thursday.

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Housing Wire

MAY 13, 2024

Probate – almost a market proof segment. Notice of default – Almost ready to lose their home and they have equity that they would like to get out of it. Today’s call is about business you see NAME many of my clients and friends have been calling me and asking me what is happening in this real estate market.

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Housing Wire

MARCH 24, 2022

Back in 2018, Robert Reffkin exuded that Compass agents were literally invested in the brokerage’s success. Reffkin, the CEO and co-founder of Compass, told The Real Deal then that 1,149 of the company’s about 7,000 agents, or around 16%, returned to Compass some revenue from sales commissions in exchange for company stakes. .

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Housing Wire

SEPTEMBER 18, 2020

Last week, Keller Williams ’ International Agent Leadership Council voted unanimously on a motion to amend its belief system and to add an additional committee, as introduced by Kymber Menkiti and John Clidy, co-chairs of the KW National Social Equity Task Force. This mindset should be included in our belief system.”.

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Housing Wire

JULY 28, 2022

Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? The borrower’s equity can be further eroded by legal and other fees.

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Housing Wire

NOVEMBER 2, 2023

The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. Lack of affordability, limited supply and the need to access equity without selling remain major friction points for homebuyers and homeowners alike. In fact, they might have become more challenging in many cases.

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Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he And people over 50 are 74% of total U.S. homeowners.

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Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

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Housing Wire

AUGUST 14, 2023

Real estate teams may lament homeowners’ waning interest in buying (or selling) into this market. One of the biggest mistakes real estate professionals can make, regardless of the market, is not staying in touch with clients. Provide clients with market updates. Understanding and activating home equity.

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Housing Wire

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It Until about mid-May of this past year the market was unlike anything we’d ever experienced. in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand.

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Housing Wire

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

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Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets.

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Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

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Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Housing Wire

APRIL 15, 2021

In modern history, the housing market has never seen a month like March. Record demand and the lowest levels of inventory on record pushed sales prices to record highs in March and made life very complicated for buyers, real estate agents, builders and lenders across the United States.

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Marketing Sales Equity Mortgages 471

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

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Housing Wire

NOVEMBER 1, 2022

Relationships with real estate agents. But when refis dried up, one major stumbling block for refi-heavy Rocket was the lack of relationships with its bankers and real estate agents, who bring in business for lenders, the Journal reported. . Her team disbanded and she left the industry. Her team disbanded and she left the industry.

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Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

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Housing Wire

FEBRUARY 8, 2021

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot. Here’s how to find property owners ready to sell.

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Housing Wire

MARCH 23, 2021

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. Realogy has more than double Compass’s market share (and endured its own $356 million loss in 2020) but traded at $15.09 billion market cap.

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Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. Pennymac estimates it has 17% market share in the correspondent channel, compared to 1.4%

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Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

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RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

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Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. About 10.7%

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Housing Wire

NOVEMBER 13, 2023

by 1% to 2% just by cutting the commission paid to buyer’s agents.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.” Aggregate data from the housing market would confirm this. of homeowner’s equity paid out in commissions.

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Closing costs Equity Agents Technology 352

RIS Media

FEBRUARY 3, 2022

Homeowners were able to reap the benefits of the frenzied housing market last year as new data from ATTOM Data Solutions suggests that nearly one of every two mortgaged homes were “equity rich” in the final quarter of 2021. Home Equity & Underwater Report on Feb. Home Equity & Underwater Report on Feb. of all U.S.

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Equity Marketing Residential Mortgages 98

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Calque’s collaborative BBYS solution doesn’t disintermediate agents or lenders.

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Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. These credits can lead to fair lending violations.

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Housing Wire

APRIL 22, 2024

Access to a hyper-local agent is more important now than ever. I would be happy to give you an equity analysis and let you know how much equity you have in your home. Better yet, get permission from the listing agent to do a mailer around their sold listing, if possible. Call or text me with any real estate questions!

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Realty Biz

OCTOBER 23, 2023

JPAR® , a leading player in the real estate industry, has been recognized as a 2023 Top Franchise for Diversity, Equity, and Inclusion by Entrepreneur. This accolade underscores the company's commitment to promoting diversity, equity, and inclusion within its corporate culture and among its franchisees and agents.

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Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs).

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Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). Yet staggeringly few are aware of its existence.

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Housing Wire

SEPTEMBER 13, 2023

Upon joining eXp Realty, new brokerages can immediately realize the benefits of the partnership, which include stock equity, elimination of overhead costs, minimized brokerage risk and liability, access to brokerage support and operations, agent support and services, revenue share opportunities, and more. 2 in Maine, up from No.

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