Housing Wire

JANUARY 20, 2025

We counted 10% fewer home sales for the week than the same week a year ago. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Those sales gains have evaporated and even reversed. Sales are slow, so inventory of unsold homes is building. Ill share some of those signals in a minute.

Sales 384

Sales Mortgages Staging Fixed-rate mortgage 384

Housing Wire

OCTOBER 23, 2024

Existing-home sales continued their downward trend in September. from July to August , sales again trended down last month, dropping 1% to a seasonally adjusted annual rate of 3.84 million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5%

Sales 427

Sales Investor Development Mortgages 427

Housing Wire

NOVEMBER 4, 2024

Home sales are significantly better than they were last year at this time. Another tricky part of communicating this news is that home sales aren’t suddenly great. When you include the 9,400 immediate sales, the total is 13% more sellers than a year ago. That’s where we are right now.

Sales 377

Sales Staging Mortgages Closing 377

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. Sieffert added that Fiore’s successor has been selected. “At

Finance 454

Finance Sales Equity Industrial 454

Housing Wire

MARCH 24, 2025

After a very disappointing first quarter with home sales failing to climb over 2024s already anemic levels, signs are finally emerging in March that weve turned the corner to have some growth. This weeks pending home sales count came in at just under 69,000 single-family homes, which was 2.3% Home sales arent strong, of course.

Sales 239

Sales Mortgages As-is Marketing 239

Housing Wire

DECEMBER 17, 2024

The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic.

Loans 381

Loans Sales Principal Design 381

Housing Wire

DECEMBER 18, 2024

The existing home sales market does not align with their dual mandate of ensuring stable personal consumption expenditures (PCE) or consumer price index (CPI) prices, as these measures account for rent. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy.

Construction 496

Construction Residential Sales Mortgages 496

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgages 466

Mortgages Finance Loans Equity 466

Housing Wire

OCTOBER 24, 2024

“As you get closer to that (foreclosure) sale date, your options are limited … If you’re going to call me three days prior to sale date, your options are going to be very limited.” Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Bankruptcy 421

Bankruptcy Equity Hard money loan Finance 421

Housing Wire

JUNE 13, 2025

Non-QM lending allows borrowers with nontraditional income sources, such as self-employed individuals, freelancers, and gig workers, to qualify for mortgage financing. The lower mortgage rate forecast offsets the softer economic outlook for home sales. Fannie Mae analysts revised their outlook for total home sales upward to 4.95

Due diligence 412

Due diligence Lending Investor Loans 412

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – expanded 3.4%

Mortgages 470

Mortgages Finance Sales As-is 470

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.

Loans 378

Loans Mortgages Finance Renovation 378

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. The product uses a purchase price guarantee (PPG) to eliminate the need for a sales contingency — a real estate purchase agreement that makes the sale of a property contingent on the buyer’s ability to sell their current home.

Purchase and sale agreement 420

Purchase and sale agreement Mortgages Equity Finance 420

Housing Wire

OCTOBER 15, 2024

Similar to other lending discrimination cases, the CFPB and the DOJ accuse Fairway of redlining as the company allegedly discouraged people from majority-Black neighborhoods from applying for mortgages, including through its marketing and sales actions. That was down 18% year over year, per Inside Mortgage Finance estimates.

Lending 441

Lending Loan Officer Loans Finance 441

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 458

Purchase and sale agreement Pre-approval Brokerage Equity 458

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

NOVEMBER 15, 2024

That’s right, there are Black Friday home sales! But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing. The discounts come as homebuilders’ confidence in the market remains muted.

Fixed-rate mortgage 397

Fixed-rate mortgage Closing costs Residential Finance 397

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. Simonsen noted that the 60,000 pending sales of single-family homes are down 3% year over year even as the 639,000 homes available for purchase are up 28%.

Mortgages 442

Mortgages Sales Finance Closing 442

Housing Wire

JANUARY 6, 2025

While some homeowners are looking to cash in on the equity they’ve built up since the pandemic, these same increases in property values are driving up the number of home sales that the capital gains tax would be applied to. The share of home sales subject to the tax has more than doubled in the past few years.

Sales 384

Sales Equity Finance Development 384

Housing Wire

JANUARY 28, 2025

Dunmor CEO Franck Ruimy spoke with HousingWire ‘s Sarah Wolak on why he anticipates 2025 will be a strong sales year, and he highlighted the recent growth for the business-purpose lending (BPL) sector. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.

Residential 341

Residential Lending Finance Banks 341

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

JUNE 12, 2025

Kobetz, a lifelong Mendocino County resident, transitioned into real estate in 2017 after a career in his family’s motorsports dealership, where he developed sales and finance experience. Founded in 2020 by broker/owner Benjamin Kobetz, the firm will now operate as Century 21 Kobetz Realty.

Branding 369

Branding Brokerage Commercial Development 369

Housing Wire

OCTOBER 28, 2024

The New York Times reported that Richard Ferrari, who previously managed Douglas Elliman’s brokerage sales and operations in New York and the Northeast, has been named CEO of Douglas Elliman Realty. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times.

Brokerage 400

Brokerage Finance Investor Agents 400

Housing Wire

MARCH 20, 2025

As flipping activity slowed, the share of flips among all home sales also dipped from 8.1% Flips purchased with financing accounted for 36.2% Among major metros, San Diego (59%), Seattle (58.1%), and Fresno, California (50.6%) had the highest percentage of flips purchased with financing. That marked a 7.7% in 2023 to 7.6%

FHA loan 297

FHA loan Investor Finance Renovation 297

Housing Wire

DECEMBER 30, 2024

In the last few months, the market finally saw some sales growth over the previous year. Theres another set of sellers that we call immediate sales. There were only 5,000 immediate sales this week. Total pendings increase When we look at sales volumes, there are 269,000 single-family homes under contract.

Marketing 543

Marketing Sales Mortgages As-is 543

Housing Wire

DECEMBER 28, 2024

For example, in March 2022, there were only 240,000 homes available for sale. 2023: 35% 2022: 38% Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into real-time trends in housing demand. However, I noticed sales data slowed down last week compared to recent trends.

Marketing 504

Marketing Mortgages Sales Finance 504

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. million in March.

Sales 491

Sales Finance Investor As-is 491

Housing Wire

NOVEMBER 13, 2024

The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings.

Pre-approval 396

Pre-approval Mortgages Loans Finance 396

Housing Wire

NOVEMBER 26, 2024

The Case-Shiller data for September showed some similarities to the quarterly home-price dataset released Tuesday by the Federal Housing Finance Agency (FHFA). months of supply at the current sales pace. At the other end of the spectrum, the formerly red-hot market of Denver posted the smallest year-over-year price gain at 0.2%.

MLS 370

MLS Finance Sales Marketing 370

Housing Wire

APRIL 1, 2025

Whats striking is that half of older boomers and two out of five younger boomers are purchasing homes entirely with cash, bypassing financing altogether. By contrast, more than 90% of buyers under age 44 financed their home purchases. Among sellers, baby boomers dominated, accounting for 53% of home sales.

Finance 386

Finance Equity Agents As-is 386

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Sales 485

Sales Mortgages Industrial Marketing 485

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. He noted that despite a national slowdown in home sales , St. Louis continues to see multiple offers on good houses.

Debt-to-income ratio 339

Debt-to-income ratio Loans VA loan FHA loan 339

Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

Fixed-rate mortgage 380

Fixed-rate mortgage Loans Mortgages Finance 380

Housing Wire

MARCH 17, 2025

Today, home sales still remain super slow. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. Good news: Weekly pending home sales went up The good news is that the weekly count of pending home sales is climbing for the spring.

Mortgages 375

Mortgages Sales As-is Marketing 375

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 304

Debt-to-income ratio Agents VA loan MLS 304

Housing Wire

MAY 14, 2025

One of the nations leading reverse mortgage lenders, Finance of America (FOA), posted strong first-quarter 2025 earnings results. Sales metrics and a C-suite addition Sieffert went on to say that FOA is well positioned to introduce new solutions to address additional needs.

Finance 246

Finance Branding Renovation Loans 246

Housing Wire

APRIL 28, 2025

There was no mention of other non-sales employees, and when asked, the spokesperson said the firm is working on the details of the integration plan and will share updates as it makes progress. billion, according to Inside Mortgage Finance data. For now, Rocket believes it has the right balance in its sales force.

Loan Officer 370

Loan Officer Equity Loans Brokerage 370