Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. recently, the cost of borrowing is still significantly higher than it was in 2021 or early 2022. However, the recent softness in home prices has raised questions about whether this is, “2008 all over again!” In March 2023, it was just 2.2

Short sale 383

Short sale Staging Mortgages Banks 383

Housing Wire

NOVEMBER 9, 2022

The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6% We are up 43% since 2020. Wednesday’s purchase application data was up 1% from week to week. nominal per year at most.

Mortgages 496

Mortgages Sales As-is Marketing 496

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Home price correction likely nationwide and in majority of markets. The rapidly rising average purchase discount indicates that local community developers are anticipating a rapid slowdown in home price appreciation in the next six to 12 months.

Development 486

Development Sales Marketing As-is 486

Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Home prices would likely fall.” Home prices would likely fall.” I did some simple math using data from the St.

Closing costs 358

Closing costs Equity Agents Technology 358

Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. Talking rapidly into the video frame, Gerli bandied about a Florida Atlantic University report that Boise homes purchased are overvalued by 80%, and city residents ought to rent. But home sales or real estate prices dropping may not be in the cards. “We

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Fixed-rate mortgage Brokerage Agents Sales 450

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

Bankruptcy 520

Bankruptcy Loans Sales Short sale 520

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam.

Marketing 370

Marketing FHA loan Loans Sales 370

Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His articles are always my favorite. His recent article, “Purchase apps are at 2009 level: where’s the inventory?” Stacy Esser: It is when I f— up, or as I like to say, when I fail forward.

Construction 384

Construction Closing New Construction Agents 384

Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Should they give up? Bidding wars. We don’t have any inventory.

Marketing 449

Marketing Inspection Agents As-is 449

Housing Wire

APRIL 3, 2023

Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. In this article I talked about how to look at housing credit getting tighter during the next recession. Last year, the weekly seasonal inventory bottom was set on March 4; we still need to confirm the weekly bottom in 2023.

Marketing 491

Marketing Banks Mortgages Sales 491

Housing Wire

DECEMBER 14, 2020

On April 7, in an article for HousingWire , I proposed an economic model that showed what needed to happen for us to proclaim that “America is Back.” 8, will go down in history as V-Day, the day the vaccine was released, and the beginning of our victory over COVID-19. ” Tuesday, Dec. Then, everything changed.

Sales 545

Sales Mortgages Lending As-is 545

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Mortgages 450

Mortgages Marketing Banks Closing 450

Housing Wire

SEPTEMBER 21, 2022

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. The tailwinds. The headwinds.

Equity 458

Equity Mortgages Lending Marketing 458

Housing Wire

MAY 3, 2022

As a member of HW+, you get access to 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? As we can see below, when rates go higher, it does impact sales trends.

Marketing 419

Marketing Mortgages Sales As-is 419

Housing Wire

MARCH 15, 2022

As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. Short term yields are rising because the Fed is still in rate hike mode. The goal for inventory is to get back to 1.52-1.93 However, we are far from that. housing market.

Sales 440

Sales As-is Equity Mortgages 440

Housing Wire

MARCH 22, 2024

By analyzing hundreds of relevant data points, including market trends, historical sales data, consumer behavior, credit card debt, and more, AI tools can forecast which properties are more likely to be listed for sale in the near future. Drive leads to home valuation landing pages It’s the 21st century.

Agents 419

Agents Land As-is Marketing 419

Housing Wire

OCTOBER 31, 2022

Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and they might need to raise rates again or keep them high to trigger their job loss recession to fight inflation.

Bankruptcy 517

Bankruptcy Lending Equity Mortgages 517

Housing Wire

AUGUST 21, 2020

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Look, I get it.

Sales 544

Sales Mortgages Lending Marketing 544

Housing Wire

FEBRUARY 8, 2021

million homes remain in forbearance and can therefore be considered at risk. 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? . This means home price growth is getting too hot!

Marketing 544

Marketing Equity Loans Mortgages 544

Housing Wire

DECEMBER 22, 2021

This week’s HW+ member spotlight features Shant Banosian, executive vice president of sales at Guaranteed Rate. Below, Banosian answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article? We still do those updates today, about once per week, so having access to HW+ is so helpful.

Loans 374

Loans Equity Technology Industrial 374

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. They eased below 6.5% in September 2022.

Marketing 432

Marketing Mortgages Loans As-is 432

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The last two years have been a wild ride. Odds are that this turn in the pandemic will likely be just a temporary setback.

Mortgages 458

Mortgages Marketing Industrial Equity 458

Lighter Side of Real Estate

APRIL 24, 2024

Selling your house at the absolute peak of the market would be ideal, and not just because that’s the perfect time to get the highest price and pocket the most money. But pulling off the perfect timing is difficult, if not impossible… For starters, the only time you know when prices peak is after the fact. homes for sale.

Sales 74

Sales Marketing As-is Closing 74

Calculated Risk Real Estate

DECEMBER 13, 2023

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-December I reviewed home inventory and sales. House Prices The Case-Shiller National Index increased 3.9% A key question I discussed in July is Will house prices decline further later this year? The NAR reported median prices were up 3.4%

Marketing 108

Marketing Principal Mortgages Real-estate owned 108

Keeping Current Matters

NOVEMBER 23, 2021

However, though it’s true foreclosures have been up over the 2020 numbers, it’s important to realize that there were virtually no foreclosures last year because of the forbearance plan. If we compare this September to September of 2019 (the last normal year), foreclosures were down 70% according to ATTOM. That seems rather daunting.

Mortgages 227

Mortgages Sales Marketing Loans 227

Realty Biz

MARCH 13, 2024

If you're considering buying a home in Maryland in 2024, you’ll want to go in fully prepared for the state's competitive real estate landscape. While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. Don’t get emotionally swept up and overpay.

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Pre-approval Marketing Inspection Closing costs 91

Lighter Side of Real Estate

DECEMBER 13, 2023

If you’ve been thinking about buying a home, you’re probably wondering if (and when!) mortgage rates will come down. But it also might be making you think that you still have a few months before rates start getting better, and that you should hold off until they lower rates next year to start searching for a house.

Mortgages 86

Mortgages Branding Banks As-is 86

The Close

AUGUST 22, 2023

The real estate housing market numbers, month over month, reflect incremental increases in inventory and median price, which have resulted in an incremental decrease in sales activity. Existing sales slipped 2.2% from last month, but sales are down 16.6% There are no wild slides, plunges, or skyrockets.

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Purchase and sale agreement Sales Agents As-is 96

The Close

FEBRUARY 14, 2024

Still, some common homeselling myths persist even after they’ve been debunked. Let’s take the enduring belief that you need a hefty 20% down payment to buy a home—which continues to be a misconception. So, let’s turn up the brightness and shed some light on the real estate industry. The thing is, it can be tricky.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

Realty Biz

NOVEMBER 8, 2023

Home prices have surged to record highs, while interest rates have also increased. This has made it difficult for many buyers to afford a home, and there’s not much evidence that things will get better any time soon. Prices Are Up, and So Are Mortgage Rates The news isn’t great for homebuyers right now.

Fixed-rate mortgage 82

Fixed-rate mortgage Marketing Pre-approval Mortgages 82

Calculated Risk Real Estate

DECEMBER 29, 2023

Some of these questions concern real estate ( inventory, house prices, housing starts, new home sales ), and I’ll post thoughts on those in this newsletter (others like GDP and employment will be on my blog). Since then, inventory has increased, but is still well below pre-pandemic levels. First, a brief history.

Mortgages 77

Mortgages Construction As-is Loans 77

The Close

FEBRUARY 20, 2024

and break down the important concepts for you to explain to your clients. Strategic home searching: The high inventory allows buyers to be choosy. Standout sellers: Sellers (and their agents) must focus on marketing, repairs, and competitive pricing to stand out and snag offers. In this scenario, buyers have a bit of leverage.

Marketing 95

Marketing Debt-to-income ratio MLS Pre-approval 95

Realty Biz

AUGUST 11, 2023

According to a recent CNBC article , the Mortgage Bankers Association (MBA) reported that its seasonally adjusted index of mortgage applications decreased 6.7% The average interest rate for a 30-year fixed-rate mortgage rose to 5.81% last week, up from 5.45% a week earlier. for the week ending August 5th. in June from a year earlier.

Mortgages 76

Mortgages Fixed-rate mortgage Sales As-is 76

Lighter Side of Real Estate

DECEMBER 27, 2022

It’s hard to qualify any specific time of year as the best time to sell, but spring probably gets ranked highest more so because it’s when more people tend to list their homes, and more buyers tend to look for a home. Prices Are Still Historically High. But that doesn’t mean it’s the most strategic time to sell yours.

Banks 109

Banks Marketing Mortgages As-is 109

The Close

APRIL 30, 2024

Pricing real estate is an art and science. When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. We also need to know how to have a price reduction conversation with our clients since pricing for homeowners can be emotionally driven. But it’s critical to dig deeper.

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The Close

JUNE 22, 2023

But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. According to the National Association of Realtors’ latest existing-home sales data , sales are down 23.2% and prices are down 1.7%

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

The Close

DECEMBER 27, 2022

Therefore, in this article we will explore common real estate market cycles and the indicators you can look for to better understand which market stage your area is in. This is because local factors were still favorable even though the rest of the nation was suffering from the recession. The reverse of this is also true.

Investor 98

Investor Staging Marketing Banks 98