Housing Wire

APRIL 26, 2024

In Texas and Florida , however, key market signals show diverging trends. Tampa, Orlando, Houston, San Antonio and Jacksonville all had price-cut shares of at least 33%. Out-of-town homebuyers no longer see Florida as a place to get amazing value,” Eric Auciello, a Tampa-based Redfin sales manager, said in a news release.

Marketing 274

Marketing Mortgages Brokerage Sales 274

Housing Wire

JANUARY 9, 2024

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. The good news is that we are making progress at solving these problems. The bad news is that overall progress has been slower than it could be.

Finance 477

Finance Construction Loans Renovation 477

Housing Wire

APRIL 24, 2024

An industry favorite for its popular CRM, Top Producer can help you keep in touch with all your prospects with timely text messages, emails, and market reports delivered to their inbox. Market Snapshot reports on new listings, for-sale properties, price changes, and neighborhood trends. Wondering how?

MLS 373

MLS Branding Land Agents 373

Housing Wire

JULY 31, 2023

Hopen is a self-taught expert in all things ChatGPT and artificial intelligence and built an AI-powered listing chatbot. Today, they discuss the power of AI in real estate marketing, what the future holds, how they are embracing AI in their businesses and what trends they are seeing. They’re using it to generate content.

Agents 348

Agents Technology Brokerage Industrial 348

Housing Wire

JULY 18, 2023

It provides industry information such as market data trends and news articles, while enhancing interactivity for user convenience. Art Carter, CEO of CRMLS, expressed confidence in the transition to the new dashboard.

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MLS Development Design Industrial 361

Housing Wire

MARCH 29, 2023

Take advantage of staying on the property and being close to all the conference sessions and networking events. You can explore all of these amenities and features in between your favorite panels and keynote speakers! Lock in the HousingWire Annual room price of $309/night before the block closes.

Closing 369

Closing Mortgages Industrial As-is 369

Housing Wire

MARCH 19, 2023

As I write this article, I see news that even Warren Buffet has been asked to chime in on how to deal with this crisis. So, we can now add a new variable into the equation for 2023: What does a banking crisis mean for mortgage rates? On this front we have some good news and some bad news.

Banks 383

Banks Marketing Mortgages As-is 383

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the second and third quarters for all sectors except manufacturing,” Danielle Hale, Realtor.com ’s chief economist, said in a statement.

Mortgages 381

Mortgages Fixed-rate mortgage Loans Construction 381

Housing Wire

OCTOBER 26, 2022

Mortgage rates have been on an upward trend for more than two months, and would-be homebuyers are increasingly hitting the brakes on their home purchase plans. . The survey, conducted weekly since 1990, covers 75% of all U.S. According to Mortgage News Daily, the average 30-year fixed rate mortgage on Tuesday was 7.15%.

Mortgages 354

Mortgages Fixed-rate mortgage Loans Residential 354

Housing Wire

FEBRUARY 13, 2023

“Mortgage rates declined in January, continuing a trend that began in early November 2022,” Kevin McMahon, president of Optimal Blue, a division of Black Knight, said in a statement. An increase in rate lock activity is welcome news, but was also expected due to seasonal rebounds in January, McMahon said.

Fixed-rate mortgage 340

Fixed-rate mortgage Lending Mortgages Loans 340

Housing Wire

MAY 18, 2023

All in all, including both the production and servicing business lines, 32% of companies were profitable in Q1, up from 25% in the last quarter of 2022. It’s not all bad news, however. The MBA also projected the 30-year fixed mortgage rate to trend down to an average of 6.2% by the fourth quarter of 2023.

Loans 396

Loans Banks Mortgages Industrial 396

Housing Wire

SEPTEMBER 24, 2023

A lot of this has to do with this data line trending at the lowest levels ever. We have had some volatile weekly numbers in the new listings data recently, but even with the mortgage rate spike, the decline was orderly, as it has been all year. 23: 59,107 There is some positive news: weekly active listings grew 9,312.

Closing 468

Closing Mortgages Sales As-is 468

Housing Wire

MARCH 11, 2024

To effectively teach your team, you must cater to four primary learning styles , including: Visual Auditory Reading-focused Kinesthetic Blended learning combines traditional instruction with online educational materials and interactive activities to accommodates all these preferences. The good news?

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Title Development Land Industrial 361

Housing Wire

NOVEMBER 17, 2022

However, according to Khater, “while the decline in mortgage rates is welcome news, there is still a long road ahead for the housing market: inflation remains elevated, the Federal Reserve is likely to keep interest rates high and consumers will continue to feel the impact.” ” Other executives echoed Khater’s sentiments.

Mortgages 395

Mortgages Loan Officer Loans Residential 395

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. My nightmare scenario, on the other hand, has happened and this is bad news for everyone.

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

FEBRUARY 14, 2023

This is welcome news for the Federal Reserve , which is continuing to raise interest rates in an attempt to curb inflation via consumer spending. While this is the smallest year-over-year price increase since October 2021, today’s report suggests that the downward trend in inflation may be bumpier than had hoped. The CPI rose 0.5%

MLS 378

MLS Equity Mortgages Design 378

Housing Wire

OCTOBER 14, 2021

Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. The Millennial Guide: How Real Estate Agents Can Win Over this Critical Audience. housing market,” Tucker said in a statement.

Equity 539

Equity Construction Marketing Agents 539

Housing Wire

MAY 6, 2022

string of positive job revisions we’ve seen this year ended with a negative 39,000 print; however, the job report was solid and continued the trend of good reports in 2022. The unemployment rate is at 3.6%, and we are getting closer and closer to my forecast of getting all the jobs lost to COVID-19 by September of 2022.

Construction 371

Construction As-is Sales Marketing 371

Housing Wire

JANUARY 12, 2023

The trend is your friend, and the month-to-month data has cooled off noticeably. All this is happening with the labor market still very tight, which means the Fed doesn’t need to create a job-loss recession to bring inflation down. From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1

Mortgages 530

Mortgages Staging Land As-is 530

Housing Wire

DECEMBER 20, 2022

Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

Mortgages 407

Mortgages Fixed-rate mortgage Loans New Construction 407

Housing Wire

JULY 2, 2023

Since May 15, that trend has continued to the point that inventory in America is now negative year over year. 9, 2022, and today you can see the final result of that dynamic shift as inventory is now negative versus the 2022 data — all before July 4th. We have often discussed that the housing market dynamics changed starting Nov.

Marketing 454

Marketing Mortgages As-is Sales 454

Housing Wire

MAY 7, 2023

But, the weekly inventory data can occasionally have big moves up or down that can deviate from the longer seasonal trend so I need to see a few more weeks of inventory declining before I make too much out of one week. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023.

Marketing 487

Marketing Banks Mortgages Loan Officer 487

Housing Wire

DECEMBER 21, 2022

The all-time lows were around 860,000 this year, and the all-time high was a tad over 4 million in 2007. We have had two historic events that created a waterfall dive in demand recently; we now have precise data showing new listing data declining with those events, which shows how important that data line is to housing demand.

Sales 526

Sales Mortgages Principal Short sale 526

Housing Wire

DECEMBER 31, 2021

DeCiantis prides herself on truly being in the weeds in all aspects of UWM marketing, as she regularly meets with clients to help assess their goals from a marketing perspective so UWM can help them grow their business, stressing the importance of building a strong social presence and driving business through content.

Industrial 384

Industrial Closing costs Mortgages Closing 384

Housing Wire

OCTOBER 3, 2023

“We are doubling down that all fiduciary relationships with buyers and sellers be in writing and that sellers understand their rights regarding commissions,” said a Keller Williams Real Estate leader in the Northeast. Of course, as in all markets, recruiting and retaining agents are top mentions when asked about priorities.

Brokerage 397

Brokerage MLS Agents Technology 397

Housing Wire

NOVEMBER 2, 2022

A different index measures this week’s rates higher at 7.09% , according to Mortgage News Daily. Apart from the ARM loan rate, rates for all other loan types were more than three percentage points higher than they were a year ago,” Kan said. The survey, conducted weekly since 1990, covers 75% of all U.S. from 13.9%

Mortgages 422

Mortgages Fixed-rate mortgage Loans Residential 422

Housing Wire

JULY 18, 2022

Servicers’ forbearance portfolio volume trended downward in June but declined at a much slower pace than earlier this year, according to the Mortgage Bankers Association (MBA). The mortgage forbearance rate on a declining trend is positive news after the economic impacts of the pandemic hit borrowers hard. Presented by: Polly.

Mortgages 393

Mortgages Loans Lending Staging 393

Housing Wire

DECEMBER 26, 2023

With mortgage rates trending downward in recent weeks and economists expecting them to further recede in 2024, analysts are feeling guardedly optimistic about how the publicly traded brokerages will perform in 2024. We’ve seen it at virtually all the companies, but at some point, you need a better revenue story.” Morgan , said.

Brokerage 443

Brokerage Mortgages Agents Industrial 443

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. Interest rates, a key determinant of the real estate market’s health, are on a downward trend. The second avenue for expanding inventory is new construction.

Agents 442

Agents Equity New Construction Days on market 442

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. NAR Research : The median existing-home price for all housing types in October was $379,100, a gain of 6.6%

Days on market 469

Days on market Marketing Sales Mortgages 469

Housing Wire

APRIL 7, 2023

Wage growth is much stronger than what we saw in the previous expansion, but as we all know, when workers get higher wages, the Federal Reserve’s job is to kill that action, and they’re doing their best to do that again. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized.

Mortgages 525

Mortgages Banks Marketing As-is 525

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). The survey, conducted weekly since 1990, covers 75% of all U.S. According to Mortgage News Daily, the average 30-year fixed rate mortgage on Tuesday was 7.15%. .

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages Banks Loans 393

Housing Wire

JUNE 25, 2021

One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. HousingWire: What current trends are you seeing in today’s borrowers and how has that evolved in recent years? Above all, it helps more people get into homes faster.

Lending 408

Lending Commercial Technology Loans 408

Housing Wire

JANUARY 28, 2024

Once I make some holiday adjustments, we have eight weeks of a positive trend since mortgage rates fell from the 8% high , and as of now, the slightly higher rates we’ve seen recently haven’t impacted the data just yet. Last week, we got great news on inflation data, and we have been saying the inflation growth rate has slowed.

Mortgages 518

Mortgages As-is Sales Marketing 518

Housing Wire

JANUARY 23, 2023

Last week’s housing market data provided mixed news. Normally this would be epic news because we rarely see 25% week-over-week growth. The year-over-year purchase application data is the most important because that is the new volume growth. However, we could see a tiny bounce off the bottom. We’ll know on Friday.

Marketing 505

Marketing Mortgages Sales As-is 505

Housing Wire

JULY 23, 2023

New listings had a good week, considering how the year has gone, which is a plus as this data line was down five straight weeks. We have been trending at the lowest levels recorded in U.S. As I have stressed all year: for 2023, it’s all about jobless claims.

Marketing 370

Marketing Mortgages Banks Sales 370

Housing Wire

FEBRUARY 8, 2024

After all, prospective clients are trusting you with one of their biggest financial decisions. A national research study conducted by Brand Builders Group found that some 74% of all Americans and 85% of millennials aged 35 to 44 say they are more likely to trust someone who has an established personal brand. Representing the top 1.5%

Agents 403

Agents Construction Design Branding 403