Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Agents 431

Agents Title Residential Finance 431

Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. This is significant, because as noted in CHLA’s annual IMB Report , “84% of FHA loans were for first-time homebuyers, and FHA’s share of Black and Hispanic borrowers was twice the percentage of all other mortgage loans.”

FHA loan 289

FHA loan Loans Title Mortgages 289

Keeping Current Matters

MAY 10, 2021

The National Association of Realtors (NAR) explains : “ Total housing inventory at the end of March amounted to 1.07 from February’s inventory. month supply at the current sales pace , marginally up from February’s 2.0-month month supply at the current sales pace , marginally up from February’s 2.0-month

Renovation 284

Renovation Days on market Sales Closing 284

Housing Wire

MARCH 6, 2023

9, 2022, until February and we can see how that is playing out in home sales. Hopefully, this is just a by-product of the three months of positive purchase application data from November to February. (I Using the NAR data, this was the premise of my forecast last year for housing inventory to break over 1.52 1 song of the year.

Marketing 455

Marketing Mortgages Sales As-is 455

Housing Wire

DECEMBER 28, 2021

After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 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. Boise is in a full-fledged housing crash!”

Fixed-rate mortgage 441

Fixed-rate mortgage Brokerage Agents Sales 441

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. But we can make the agreement exclusive to a specific property or make it just a certain number of days, so we can cater it to the client’s specific needs.”

MLS 468

MLS Agents Design As-is 468

Housing Wire

APRIL 16, 2023

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. I talked about this in February on the HousingWire Daily podcast , talking about why inventory is bottoming out later in the last few years. The answer is no!

Marketing 532

Marketing Mortgages Sales Banks 532

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. This article is part of our Housing 2022-23 forecast series.

VA loan 469

VA loan Staging Equity Investor 469

Housing Wire

NOVEMBER 1, 2023

Just weeks after the draft published, a jury in Missouri found NAR, HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates in a separate class-action lawsuit over buyer broker commissions , known as the Sitzer/Burnett suit. With treble damages, the defendants could pay up to $5.36

Agents 423

Agents Sales Finance As-is 423

Housing Wire

FEBRUARY 13, 2023

Before 2020, weekly housing inventory bottomed out in the January/February timeframe, and then the seasonal spring increase would start. From 2017 to 2019, the inventory levels in January and February were very close to each other before the seasonal push higher. From 2014 to 2016, housing inventory bottomed out in January.

Mortgages 496

Mortgages Marketing As-is Sales 496

Housing Wire

APRIL 30, 2023

I reviewed the reasons for this in the HousingWire Daily podcast in February. The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side since 2020. The total NAR inventory is still 980,000. didn’t go into recession until 2008.

Marketing 515

Marketing Banks Mortgages As-is 515

Marco Santarelli

MAY 11, 2024

Data from the National Association of Realtors (NAR) reveals a surprising trend: over 90% of metro areas across the country experienced rising home prices in the first quarter, despite persistently high mortgage rates that currently range between 6.6% The US housing market continues to defy expectations in 2024. Fond du Lac, Wis.

Marketing 113

Marketing New Construction Construction Lending 113

Housing Wire

APRIL 21, 2021

year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. In fact, the number of luxury homes for sale fell only 5.1% Sales of luxury homes rose 41.6% year over year in the first quarter, the smallest decline of all five price tiers.

Sales 483

Sales Marketing As-is Mortgages 483

Keeping Current Matters

MARCH 8, 2021

ShowingTime , which tracks the average number of buyer showings on residential properties, recently announced that buyer showings are up 51.5% Recently, realtor.com reported : “Nationally, the inventory of homes for sale in February decreased by 48.6% According to NAR, agents are reporting an average of 3.7

Equity 279

Equity Sales Residential As-is 279

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 From NAR Research : In April, the median existing-home price for all housing types was $391,200, up 14.8% NAR Research : At the end of April, the total housing inventory amounted to 1,030,000 units, up 10.8%

Marketing 520

Marketing Sales Staging Short sale 520

Broke Agent Media

MARCH 30, 2023

BAM Key Details: According to the National Association of REALTORS, pending home sales for February 2023 are up for the third consecutive month, rising 0.8% An index of 100 is equal to the level of sales contract activity in 2001, when NAR began tracking the data. in February, dropping 16.5% from February 2022.

Sales 98

Sales Loans Closing MLS 98

Housing Wire

FEBRUARY 27, 2023

9, 2022 to February of this year, when the purchase application data was trending positively as mortgage rates fell from 7.37% to 5.99%. Some homebuyers have bought a home, which will show up in the upcoming sales data, as we saw a positive number in today’s pending home sales report.

Marketing 421

Marketing Mortgages Days on market Sales 421

RIS Media

APRIL 13, 2022

According to recent reports from the U.S. from February. The CPI increase was driven mainly by gasoline, shelter and food, which rose similarly in February amid the Russian Invasion of Ukraine. BLS data from February didn’t reflect the impacts that the geopolitical conflict played on crude oil prices at the time.

Mortgages 97

Mortgages Sales Marketing Industrial 97

Marco Santarelli

APRIL 24, 2024

The National Association of Realtors (NAR) reported a 9.4-month The NAR reports a current national inventory of just 2.9 The NAR reports a current national inventory of just 2.9 Metric December 2007 February 2024 Months Supply of Existing Homes 9.4 month supply of existing homes in December 2007.

Marketing 105

Marketing Lending Technology Mortgages 105

RIS Media

FEBRUARY 11, 2022

If you’re like most people, February is the time when New Year’s resolutions fade away and we settle back into our usual ways of doing business. Look to the latest research, industry trends and reports for inspiration on how to improve or expand your business this year. Discover inspiration.

Industrial 105

Industrial Development Design Marketing 105

Calculated Risk Real Estate

MAY 12, 2023

House Prices Reported YoY house price growth is still positive, but the Case-Shiller National Index slowed to 2.0% YoY in February. The NAR reported median prices were down 0.9% Black Knight reported prices were up 1.0% YoY in March, and Freddie Mac reported house prices were up 1.0% YoY in March.

Marketing 52

Marketing Principal Mortgages Construction 52

RIS Media

MARCH 4, 2022

labor market continued to show strong growth, adding another 678,000 jobs in February, according to the Bureau of Labor Statistics, with unemployment edging down amid a broad economic recovery. We now expect it will dip below 3.5%, the very low level last reached in February 2020.”. a year ago in February of 2021.

Construction 88

Construction Industrial Residential As-is 88

RIS Media

JULY 8, 2021

The June jobs report from the U.S. Due to this boost in jobs, National Association of REALTORS® (NAR) Chief Economist Lawrence Yun said we can expect “more homes will be completed in the upcoming months and more housing inventory will be added.” million jobs short of where it was in February 2020,” said Frantanoni.

Commercial 93

Commercial Residential Construction Sales 93

RIS Media

FEBRUARY 25, 2021

Inventory constraints appear to have played a part in pending home sales dwindling in January, according to the latest report from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, showed a decline of 2.8%

Sales 105

Sales Industrial Construction Mortgages 105

Real Trends

APRIL 20, 2022

million, according to a report from the National Association of Realtors released Wednesday. “The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power,” Lawrence Yun, NAR’s chief economist, said in a statement. This sales pace is down 4.5%

Sales 80

Sales Mortgages Marketing As-is 80

Calculated Risk Real Estate

AUGUST 29, 2023

June closing prices include some contracts signed in February, so there is a significant lag to this data. “While prices in a number of western states continued to decline year-over-year, house prices rose in all states quarter-over-quarter.”​ census divisions, reported 0.0% in the previous month.

Principal 52

Principal Closing Finance As-is 52

HomeLight

NOVEMBER 23, 2021

According to a 2019 National Association of Realtors (NAR) trend analysis, home sales tend to pick up around the same time the mercury starts rising — by 34% between February and March. Homes sold in February sit on the market 11.22 The number of home sales pick up, along with the average time to sell. days and 5.86

Sales 113

Sales As-is Closing Marketing 113

HomeLight

AUGUST 25, 2020

According to stats from the National Association of Realtors (NAR), as of June 2020, the typical U.S. For comparison’s sake, NAR reported average days on market in July 2011 was 98 days, and in 2012, it was 68, which at the time seemed fast coming off the heels of the housing crisis. Source: (Israa Hilles / Unsplash).

Closing 120

Closing Pre-approval Inspection Days on market 120

HomeLight

APRIL 29, 2021

In a seller’s market, buyers compete for a limited number of available homes. The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. NAR’s chief economist reported in February 2021 that, on average, homes went under contract in just 20 days.

Marketing 109

Marketing Sales Agents Construction 109

RIS Media

MARCH 25, 2022

Most notably, record low inventory levels could provide an impact on this year’s spring selling season, the company reported. People also appear to be waiting out January and February to see COVID-19 cases go down to reduce potential exposure. Appreciation rates could moderate a bit, but prices won’t come down.

Pre-approval 98

Pre-approval Inspection As-is Principal 98

Housing Wire

DECEMBER 26, 2022

This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Unlike sales and price data, which take 30 days to report, this housing market tracker will update data lines released weekly. The last four months have seen a decline in the NAR inventory data, which now stands at 1.14

Marketing 489

Marketing Mortgages Sales As-is 489

Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. We saw hints of this prime housing market period as early as February of 2020. The existing home sales report at that point was trending at 300,000 above my highest sales range for the year.

Marketing 545

Marketing Sales Days on market Investor 545

Housing Wire

DECEMBER 22, 2020

Today, the National Association of Realtors reported a 2.5% From NAR : Total existing-home sales , completed transactions that include single-family homes, townhomes, condominiums, and co-ops, decreased 2.5% NAREHS pic.twitter.com/Q7QGLLb7Ls — NAR Research (@NAR_Research) December 22, 2020. million in November.

Sales 545

Sales Mortgages Marketing 545

Housing Wire

JUNE 18, 2023

Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. 9 to February was long enough to give us the only big existing home sales print we’ve had this year. Below are some numbers to compare the new listings data in recent years.

Marketing 470

Marketing Mortgages Banks Sales 470

Housing Wire

DECEMBER 20, 2021

In some cases, people waited more than three months before they received a check, forcing them to make the choice between a number of terrible decisions – paying credit cards, buying food, making mortgage payments, or getting needed prescriptions. The Department of Labor also reported that as of Sep.

Pre-approval 345

Pre-approval Loans Mortgages Principal 345

Calculated Risk Real Estate

APRIL 17, 2024

The NAR is scheduled to release March existing home sales tomorrow, Thursday, April 18th at 10:00AM ET. million in February. Housing economist Tom Lawler expects the NAR to report sales of 4.23 percent from the revised 290,470 homes sold in February and declined 4.4 percent higher than February’s $806,490.

Sales 111

Sales Marketing Closing As-is 111

Realty Biz

MARCH 21, 2022

People also appear to be waiting out January and February to see COVID-19 cases go down to reduce potential exposure. Panelists reported they are staying attuned to consumer tolerance for rising prices, and seller greed, which could cool the market. Participating brokers report that those who come from New York City can sell a $2.5M

Principal 77

Principal Branding Inspection As-is 77