Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

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Housing Wire

NOVEMBER 2, 2020

This strong performance was not unexpected, but makes the upcoming 50 basis point adverse market refinance fee more puzzling. So one has to ask, why are they piling on to their earnings with a new 50bps adverse market refinance fee? The implications for the adverse market fee starting Dec. housing system. I’ll end with this.

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Mortgages Marketing Loans As-is 537

Housing Wire

SEPTEMBER 9, 2024

The interviews revealed that buyers in some markets are more open to taking on some of the cost of compensating their agents. While Redfin agents are seeing more negotiations, it’s more common in some markets than others. We’ve found a tale of two markets,” Fairweather said.

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Earnest money deposit Inspection contingency Agents Marketing 482

Housing Wire

MAY 14, 2025

The more detailed responsibilities include showing and listing properties, generating leads for your business, marketing your services on and offline, maintaining communications with current and past clients, leveraging technology to build your business and creating a network of real estate professionals.

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Property Management Brokerage Agents Design 321

Housing Wire

SEPTEMBER 9, 2020

In the ultra-competitive Westchester market, the odds were stacked against Heather Harrison and her client. Prospective buyers need to be armed with as much data as possible about the market they’re targeting. Spreading out in the hottest market will cost you. “The client went to highest and best on Monday at 5 p.m.,

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Agents Marketing Inspection Mortgages 501

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. Altos considers anything over 30 to be a seller’s market.

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Marketing Agents Inspection As-is 493

Housing Wire

JUNE 9, 2025

Unlike humans, ChatGPT is getting smarter at breathtaking speed: What you can (and can’t) do with ChatGPT in 2025 While we expect our assessment to change in the next 10 minutes, as of today, we think ChatGPT’s best use case is for real estate marketing. Please write a blog post explaining how 1031 exchanges work.”

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Branding Title Agents As-is 455

Housing Wire

APRIL 25, 2024

“It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. Buyers are really struggling.”

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Marketing Investor Agents Inspection 459

Redfin

MAY 22, 2025

Among the most important are understanding the roles of a home appraisal vs. inspection. Home appraisal vs. home inspection: What’s the difference? While both appraisals and inspections happen during escrow and involve evaluating a property, their purposes and focuses are fundamentally different.

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Inspection Purchase and sale agreement Finance Closing 59

Housing Wire

AUGUST 13, 2024

Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. Homebuyers shouldn’t receive different levels of protection just because of the type of financing they use to purchase their homes. To compare, during the Great Recession, the foreclosure rate was 15.6%

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Mortgages Land Lending Finance 482

Housing Wire

APRIL 4, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. While they have endured a rocky, rates-driven cycle, marketers in mortgage and real estate continue to play a pivotal role in lead generation, customer acquisition and retention differentiation that has helped to keep many organizations stay afloat.

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Marketing Industrial Mortgages Title 340

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It And when they come from markets like those, everything here seems cheap, so they just scoop up properties.”

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Marketing Agents Inspection Residential 425

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Agents Marketing Investor Inspection 468

Housing Wire

DECEMBER 24, 2020

The SPAC route got Porch onto the public market a full year earlier than would have been possible through a traditional IPO, said Matt Ehrichman, Porch’s CEO. acquisitions, divestitures and financings) of the Company.” ” Porch, founded in 2013, has had challenges on its journey to becoming a public company.

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Housing Wire

APRIL 2, 2024

Steinway also expects NAF’s “expansive” product mix, such as NAF Cash , will help him achieve more production volume in a highly competitive market. When the buyer is ready to move in with permanent financing, NAF sells it back to the buyer for the original price with a convenience fee that can be added to the purchase price.

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Loan Officer Loans Finance Mortgages 448

Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

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Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

JUNE 28, 2024

According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. So, this year, April and May were a little slower, so it felt like we were getting back to a normal market. as of June 21, 2024. as of June 21, 2024.

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Marketing Days on market Agents Inspection 397

Housing Wire

OCTOBER 28, 2024

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado.

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Inspection Staging Loans Finance 459

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Also top of the list, agents are marketers. your state’s real estate license exam.

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

JUNE 23, 2022

In order to continue protecting the healthy functioning of the housing finance market as the impact of COVID-19 lingers, issuers still need these prudent flexibilities to help manage persistent operational challenges,” said Alanna McCargo, president of Ginnie Mae, in a statement. 30, 2022.

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Inspection Finance Development Loans 448

BAM Media

DECEMBER 19, 2024

BAM Key Details: Clever Real Estates latest report reveals that 49% of sellers and 41% of buyers believe 2025 will be a seller’s market, while 68% of buyers worry rising home prices will delay their purchase. If you ask buyers, sellers, and agents what 2025 holds for the housing market, youll get one clear answer: Its complicated.

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Marketing Closing costs Inspection Agents 98

Housing Wire

JANUARY 13, 2021

Are borrower-assisted inspections here to stay? The Federal Housing Finance Agency is currently considering implementing hybrid appraisals that enlist a third-party – typically an appraiser trainee, home inspector or real estate agent – to collect the data for a lender and certified appraiser once past the automated underwriting system.

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FHA loan Inspection Loans Mortgages 470

Housing Wire

JUNE 21, 2022

housing stock; yet, they bring some unique characteristics to the market. Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Most financing to acquire a home in need of updating or repair is short-term and relatively expensive.

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Investor FHA loan Inspection Renovation 435

Housing Wire

JANUARY 27, 2023

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. The focus will also be put on the multifamily market.

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Finance Development Inspection Mortgages 435

Housing Wire

OCTOBER 1, 2020

It’s being rolled out in hundreds of test markets. In ultra-competitive markets, where inventory is low and homes can sell in 48 hours, the “verified” approval could be the key to victory, said Jay Farner, the CEO of Rocket Companies. “In parallel to those questions we ask them about financing.

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Pre-approval Mortgages Title Inspection 459

Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. New-home sales — while making up a considerably smaller share of the housing market — rose sharply in July. After a modest monthly uptick in July, existing-home sales fell 2.5%

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Sales Closing costs MLS Inspection 459

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Inspection Technology Loans Mortgages 435

Housing Wire

MAY 12, 2021

When my wife and I were in the market to buy a house, we got frustrated working with a broker and decided to build one ourselves. With so many moving parts involved in new home construction, financing can be one of the most opaque and confusing steps. And on a zero-to-10 scale of efficiency, we’re at a zero. Harder than it has to be.

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Construction Technology Inspection Industrial 482

Housing Wire

DECEMBER 8, 2020

Since our Series A financing earlier this year, Sundae’s marketplace has seen record growth,” Josh Stech, Sundae cofounder and CEO said in a statement. Many property investors continue to take advantage of sellers who don’t have the time or resources to get their house market-ready,” Stech said.

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Investor Closing costs Inspection Closing 397

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Equity Inspection Lending Finance 370

Housing Wire

JUNE 10, 2022

In 2016, New York passed a law establishing that lenders and servicers must inspect, secure and maintain zombie properties — which are defined as vacant and abandoned homes whose owners are behind on their mortgage payments. . billion, according to Inside Mortgage Finance. In 2019, then-Gov. The company also is No.

Mortgages 448

Mortgages Inspection Residential Banks 448

Keeping Current Matters

NOVEMBER 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. Understand Your Finances. These are both results of today’s competitive market, showing how important it is to stay agile and vigilant in your search.

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Inspection contingency Pre-approval Inspection Staging 343

Keeping Current Matters

MARCH 15, 2021

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. Understand Your Finances. offers and is on the market for just 21 days. In a competitive market, it’s important to stay nimble throughout the negotiation process.

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Inspection contingency Pre-approval Inspection Staging 336

Housing Wire

NOVEMBER 27, 2023

Veev’s business model is innovative: it provides pre-inspected, fully cladded walls directly to homebuilders , ready for installation. Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets.

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Bankruptcy Inspection Investor Staging 482

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. 4,105 FirstCloseFirstclose.

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Equity Technology Investor Residential 370

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document. markets, according to the page.

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Inspection Investor Closing Agents 435

Housing Wire

OCTOBER 26, 2020

With shared values that drive team member success and a vast portfolio of solutions across every step of the home-buying and financing process, Xome is uniquely positioned to help partners tackle the unforeseen challenges of this year. In these situations, Inspex can be paired with an appraiser-completed exterior inspection.

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Technology Title Inspection Loans 397