Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The majority of title professionals were busier in 2021 than they ever have been.”. year-over-year.

Title 299

Title Industrial Land Mortgages 299

Housing Wire

SEPTEMBER 27, 2022

They know the homebuying process right now is going to be more challenging both logistically and financially. These days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. Mortgage demand fell 6% week over week at the end of July. It can also be truly liberating.

Lending 332

Lending Loans Technology Mortgages 332

Keeping Current Matters

JANUARY 12, 2021

According to many experts , the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one going forward. Record-Low Mortgage Interest Rates.

Renovation 272

Renovation Mortgages As-is Closing 272

Housing Wire

MAY 6, 2021

Housing affordability weakened slightly during the first quarter of 2021, according to the latest report from the National Association of Home Builders and Wells Fargo Housing Opportunity Index. of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. ” . .

Construction 413

Construction Mortgages Marketing Development 413

Housing Wire

NOVEMBER 4, 2020

Because it would probably prevent overarching new tax policies that could impact investment and could impact the cost of homeownership.”. Because it would probably prevent overarching new tax policies that could impact investment and could impact the cost of homeownership.”. It might be just a trillion or two dollars.

Industrial 498

Industrial Mortgages Loans As-is 498

Housing Wire

DECEMBER 16, 2021

The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue. 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 447

Mortgages Marketing Industrial Equity 447

Housing Wire

DECEMBER 28, 2022

While this shift heads in the direction lenders would like to see, these rates remain striking considering that 2021 mortgage rates were approximately 3%. Mortgage rates at 20-year highs and extreme surges in cost of living offer an oversimplified explanation for this dip in engagement. Crashing into opportunity. in late 2022 to 6.25

Marketing 437

Marketing Banks Mortgages Loans 437

Housing Wire

JANUARY 15, 2021

Non-housing specifics of Biden’s plan include sending out-of-work Americans an extra $400-per-week federal bonus on top of whatever jobless benefits they receive from their states. The latter would likely lead to higher construction costs. trillion – to be passed between mid-February and mid-March. two months ago.

Construction 488

Construction As-is Industrial Development 488

RIS Media

JANUARY 26, 2022

Key findings: December 2021 falls 14% short of December 2020, and 7.3% Key findings: December 2021 falls 14% short of December 2020, and 7.3% With rising construction costs, new homes are priced at a premium. The median sales price of new homes rose in December and hit a new annual high in 2021. short annually.

Sales 98

Sales Construction New Construction Principal 98

Real Trends

SEPTEMBER 18, 2023

Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. That rate is up from 14.3% The median U.S. This price was 2.8%

Purchase and sale agreement 94

Purchase and sale agreement Mortgages Closing costs Sales 94

RIS Media

AUGUST 13, 2021

– As of June 2021, Austin is more affordable than eight major U.S. – As of June 2021, Austin is more affordable than eight major U.S. by December could cost homeowners an extra $378 and $334 more per month in mortgage payments, respectively. in June, forecast to surpass 2018 levels in August.

Marketing 98

Marketing Mortgages As-is Industrial 98

Realtor.com

NOVEMBER 30, 2022

Median monthly mortgage payments are expected to be about 28% larger than this year and twice as large as they were in 2021. To put into perspective how tapped-out homebuyers are, monthly mortgage payments were about three-quarters larger in late October than they were in 2021. And just in time, Realtor.com® year over year in 2023.

Mortgages 122

Mortgages New Construction Construction Sales 122

Realty Biz

NOVEMBER 16, 2022

The Downpayment Toward Equity Act is a bill introduced by Congress in 2021. It offers extra grant money to renters who come from socially or economically disadvantaged backgrounds. Money awarded by this grant can be used for a down payment, closing costs, and other expenses. Keep reading for everything you need to know.

Closing costs 94

Closing costs Equity Loans Finance 94

RIS Media

MARCH 18, 2022

million in February 2021). months in February 2021. from February 2021 ($310,600). Properties typically remained on the market for 18 days in February, down from 19 days in January and 20 days in February 2021. Existing-home sales fell by 7.2% All four U.S. regions experienced lower month-over-month sales in February.

Sales 88

Sales Construction Mortgages Short sale 88

HomeLight

MARCH 22, 2022

In North Carolina, home prices rose around 10% across counties in quarter 2 of 2021, creating a median around $170,000 as reported by the National Association of Realtors. Pairing that median price with an average down payment of 12% makes for an extra $21,000 that most of us don’t have. Source: (Gene Gallin / Unsplash).

Due diligence 86

Due diligence Closing costs Earnest money deposit Loans 86

Point2Homes

JUNE 15, 2021

But what are the strongest housing markets in 2021, and is now really the time to invest? People chose properties with extra space for home offices, housing inventory shrank and real estate prices went up. People chose properties with extra space for home offices, housing inventory shrank and real estate prices went up.

Marketing 111

Marketing Investor Sales As-is 111

HomeLight

MARCH 31, 2022

As of the fourth quarter of 2021, median home prices in Pennsylvania were $543,830. Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. In addition, you usually pay certain fees to close on the home, called closing costs.

Closing costs 80

Closing costs Loans Closing Debt-to-income ratio 80

Realtor.com

DECEMBER 15, 2021

And while 2020 was the year that seemed to never end, 2021 appears to have gone by faster than you can say, “Sorry, I didn’t realize I was muted” on that Zoom call. Now that 2021 is nearly behind us, and we can catch our collective breaths, we decided it was time to take stock. The biggest real estate winners of 2021.

Investor 145

Investor Loans Mortgages Sales 145

Housing Wire

DECEMBER 20, 2021

“I’m trying to make an extra anywhere.” Black Knight data shows that roughly 450,000 forbearance plan expirations are expected to occur through the end of 2021, representing more than a third of active plans. The Covid-19 pandemic hit Jeffrey Wilen and his family hard. Groceries are more expensive,” he said.

Pre-approval 319

Pre-approval Loans Mortgages Principal 319

Housing Wire

FEBRUARY 14, 2022

Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I I started at Redfin 12 years ago,” she said. And in 2017, I decided to go on full-time as a lead agent.”. It is high-volume work,” Alipour recalled. But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations.

Brokerage 361

Brokerage Agents Industrial Sales 361

Realtor.com

FEBRUARY 1, 2022

At the start of the COVID-19 pandemic, the hottest home amenity seemed to be extra square footage for an office, a home gym, and a place where the kids could attend virtual classes if their schools went remote. That can mean forgoing that extra square footage to become homeowners. It’s the highest average rate since March 2020.

Fixed-rate mortgage 98

Fixed-rate mortgage Construction Design Land 98

First Team Real Estate

MAY 25, 2021

It’s a combination of historically low mortgage rates , an increased desire for space since we’ve all been quarantining at home for the past year, and Millennials finally hitting homebuying age ready to dive into the market in their peak income-earning years. What’s driving this off-the-charts growth? Sales: Up 101%.

Rent back 98

Rent back Closing costs Sales Mortgages 98

HomeLight

AUGUST 29, 2021

Whatever you’re looking for, location is one of the most important parts of the homebuying process. One of the most important decisions homebuyers will make is where to purchase their home. Maybe you’re looking for a place with a large yard so you can garden. The advantages to living in a city are better choices for eating out and live music.

Closing 95

Closing As-is Agents Residential 95

Realtor.com

DECEMBER 1, 2021

over this year compared with an anticipated 12% rise in 2021. ” While that’s not great news for buyers, homes aren’t expected to cost much more than they did just a few months ago. Realtor.com / Getty Images What to Expect In 2022. Realtor.com. Will home prices and rents finally come down? The Realtor.com®

Sales 142

Sales Mortgages Construction As-is 142

RIS Media

FEBRUARY 21, 2021

Avoid adding more than you need to your closing costs by following these tips to save on your title insurance. Another option is to ask an independent attorney for help in understanding local regulations, costs involved and insurance company recommendations. “The best person for that is often an attorney.” ” 2. .

Title 84

Title Closing costs Title search Closing 84

HomeLight

NOVEMBER 17, 2021

With the help of Joseph Baylis , a top agent and first-time homebuyer extraordinaire based in Trenton, New Jersey , we’re giving you a rundown of the best first-time buyer programs that are available as of October 2021. Source: (DISRUPTIVO / Unsplash). First, a brief introduction. Department of Housing and Urban Development (HUD).

FHA loan 88

FHA loan Mortgages Loans Debt-to-income ratio 88

Real Trends

MARCH 10, 2022

Among remorseful buyers, the most commonly cited reason (39%) for regret was expensive home maintenance costs. One-third of all homeowners spent $5,000 on home maintenance in 2021. The surprisingly high costs of homeownership. More than half (52%) of homeowners say the overall cost of owning a home took them by surprise.

Mortgages 74

Mortgages Finance Agents As-is 74

C4D Crew

MARCH 16, 2021

When buying a new home, it’s essential to factor in all the possible additional costs. These are the extra costs of buying a new home that you need to know about. . Closing Costs. When the real estate transaction comes to an end, you’re required to pay a plethora of fees known as closing costs. Cost of inspection.

Closing costs 52

Closing costs Renovation Inspection Title 52

Marco Santarelli

JULY 11, 2022

The improving economy and the approaching peak homebuying years of millennials are driving a residential housing boom. In May 2022, 25 percent of total sales were made in cash, down from 26% in April and up from the 23% recorded in May 2021. The prices are not going to decline in 2022. New home sales rebound 10.7%

Sales 85

Sales Marketing Fixed-rate mortgage Mortgages 85

Realtor.com

MARCH 22, 2021

So now everyone wants to know: What’s going to happen with housing in 2021? And, just maybe, buyers may no longer be pressured to do things that over a year ago would have seemed ludicrous: waiving inspections, agreeing to pay closing costs, and sometimes buying homes across the country via video calls, sight unseen.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

Realty Biz

MARCH 20, 2021

This trend is expected to continue well into 2021. . Covid may have actually accelerated the homebuying process. Fortunately, interest rates are likely to stay low throughout 2021, but don’t be surprised if there is a modest increase in the second half of the year. The demand for single-family homes has gone up…by a lot.

Marketing 113

Marketing Sales As-is Residential 113

Real Trends

SEPTEMBER 20, 2022

From January 2021 to June 2022, Ribbon grew its total transaction volume “30x,” Shah said. But as mortgage rates have climbed dramatically and bidding wars have largely vanished, the company’s products no longer hold as much appeal to buyers whose financing costs have exploded over the last year. Tim Heyl, CEO of Homeward. Very finite.

Marketing 81

Marketing Brokerage Finance Agents 81

RIS Media

MARCH 14, 2022

For nearly three years, builders have struggled to keep up with demand as availability and surging costs for building materials have ultimately produced higher prices for newly-built homes. There was a time when lumber costs presented the biggest challenges for builders. Building materials prices increased 20.3%

Marketing 144

Marketing Construction Branding Industrial 144

HomeLight

MAY 24, 2022

2021: With the backdrop of economic pain brought on by the coronavirus pandemic, President Joe Biden vows to expand stability and equal opportunity in the housing market. Did you know that homeownership in the U.S. has its very own month to honor it? Achieving homeownership has long been considered foundational to The American Dream.

Equity 108

Equity Agents Loans Mortgages 108

HomeLight

AUGUST 31, 2021

Updated August 31, 2021. In 2021, 88% of buyers purchased their homes through an agent , so choosing the right agent is a critical step to ensuring your homebuying success. However, real estate agents are essential advocates and guides as you navigate the homebuying process. there are over 1.5 million Realtors®.

Agents 126

Agents Closing costs Inspection Closing 126

Redfin

DECEMBER 15, 2023

These rate adjustments helped propel the 30-year fixed mortgage rate from its lowest recorded point of 2.65% in January 2021 to its current range, currently hovering between 7% and 8%. ( See more about how inflation impacts house prices.) percentage points. What is a mortgage refinance?

Fixed-rate mortgage 68

Fixed-rate mortgage Mortgages Title search Equity 68

Point2Homes

JUNE 6, 2021

Here are more key findings from the 2021 Homebuyer Survey : Although worries about the number of properties available for sale and bidding practices were up, more than half of respondents (51%) stated that they had no particular concerns when it came to homebuying. However, this is just a façade. How does this impact homebuyers?

Agents 96

Agents As-is Marketing Inspection 96