Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. This squeezed inventory even further throughout 2022 and 2023, pushing home prices to record highs month after month.

Sales 432

Sales Mortgages Equity Marketing 432

Housing Wire

SEPTEMBER 24, 2023

Mortgage rates did find some relief on Friday as bond yields headed lower. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. 23: 59,107 There is some positive news: weekly active listings grew 9,312. 15: 61,852 Sept.

Closing 485

Closing Mortgages Sales As-is 485

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing.

Marketing 520

Marketing Banks Mortgages As-is 520

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. Here’s a quick rundown of the last week: Active inventory grew 6,722 weekly. First, it took the longest time in U.S.

Marketing 517

Marketing Mortgages Banks Land 517

Housing Wire

JUNE 9, 2023

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. history, and because of that, not even low inventory could prevent home prices from declining month to month in the second half of 2022.

Mortgages 546

Mortgages Staging Sales Marketing 546

Housing Wire

APRIL 22, 2024

You can absolutely send this type of mailer to homeowners around a recently sold property that someone else sold — but make sure you adjust the language and ensure it’s clear you were not the listing agent. Better yet, get permission from the listing agent to do a mailer around their sold listing, if possible. Great news!

Brokerage 438

Brokerage Investor Agents Pre-approval 438

Housing Wire

FEBRUARY 21, 2024

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. new home listings. Zonda also operates Livabl , Canada’s leading new construction listings site. “By Founded in 2000, BDX is owned by a group of 24 leading U.S.

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New Construction Construction Industrial Design 437

Housing Wire

JULY 16, 2023

Active listings showed growth, week to week, but much smaller than I would like to see. Weekly active listings rose by 5,569 Mortgage rates fell from 7.12% to a low of 6.87% , the recent high was 7.22% Purchase apps were up 2% from week to week. It has truly been the walking dead for inventory growth this year.

Marketing 370

Marketing Mortgages Sales Land 370

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.

Marketing 504

Marketing Mortgages Sales As-is 504

Housing Wire

JUNE 21, 2023

of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents. With inventory so low and many homeowners reluctant to give up their extremely low mortgage rates, everyone is wondering where new listings are going to come from. In comparison, 32.4% According to Bright MLS, 56.5%

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MLS Sales Mortgages Agents 370

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Staging 479

Staging Closing Marketing Mortgages 479

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. The purchase application data will help us find the answer.

Marketing 541

Marketing Mortgages As-is Sales 541

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. During that period, we saw new listing data decline.

Sales 541

Sales Days on market Mortgages Lending 541

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement.

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MLS Closing costs Sales Mortgages 473

Housing Wire

DECEMBER 8, 2023

The more you know, the better job you’ll do finding them exactly what they’re looking for. Know the basics about each major home loan program and financing terms/options, and connect them with a trusted mortgage professional who can help them find the best mortgage solution for their specific needs. Are they relocating?

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Proof of funds Inspection contingency Inspection MLS 432

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. In life, we sometimes find ourselves plunging headfirst in t o the unknown.

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Agents Branding Industrial Technology 441

Housing Wire

NOVEMBER 7, 2023

Present to your buyer clients just like you would in a listing presentation. More and more, you’ll start to compete for buyer business in a similar way you do for listings now. Find them their dream home. One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory.

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Loan Officer New Construction MLS Inspection 432

Housing Wire

MARCH 20, 2024

Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests. In this new arrangement, listing agents agreed to divide their commissions, offering a portion to another agent who would pledge loyalty and fiduciary duty to the buyer.

Debt-to-income ratio 479

Debt-to-income ratio Agents Equity Closing costs 479

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side.

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Equity MLS Construction Agents 285

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Marketing 410

Marketing Residential Sales Commercial 410

Housing Wire

FEBRUARY 22, 2024

We hold the unique distinction of being the sole outsourcer that has successfully listed, managed, marketed, and sold more than 700,000 properties, representing an impressive portfolio of over $50 billion in real estate transactions since our inception in 2006. To find out more, visit VRM Mortgage Services.

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Due diligence Marketing Mortgages New Construction 410

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

Marketing 466

Marketing Mortgages Sales As-is 466

Housing Wire

JANUARY 12, 2024

The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. But a lot of sellers are worried about finding their next house because even though listings are rising, there’s still a housing shortage.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Equity Finance 473

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. Where might added inventory come from, if the bulk of existing homeowners continue to remain on the sidelines?

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Renovation Sales Investor Mortgages 466

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. economy remains hot.

Loan Officer 421

Loan Officer Loans Mortgages Agents 421

Housing Wire

FEBRUARY 27, 2024

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. But what if you could find them first? If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need.

Branding 431

Branding Land Brokerage Agents 431

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” Thus, LOs will have to find ways to connect to listing agents or directly with buyers, who will need more guidance during the home-buying process. However, with the NAR settlement, listing agents may start dealing directly with homebuyers.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

AUGUST 3, 2023

Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Meanwhile, active inventory fell compared to the previous year each week in July as many homeowners held off on listing their home for sale, noted Realtor.com Economist Jones.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Sales 370

Housing Wire

JANUARY 20, 2021

There’s still a massive amount of buyers and not enough inventory,” said Tyler White, Senior Vice President of Operations at PropStream, a real estate data provider. Access to property data and an ability to efficiently target prospective sellers can give agents and brokers a competitive edge in this low-inventory environment.

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Bankruptcy MLS Agents Design 413

Housing Wire

MARCH 22, 2024

Looking for more listing leads? With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024.

Agents 421

Agents Land As-is Marketing 421

Housing Wire

FEBRUARY 21, 2023

Before that, you have to go back to October 2010 to find total sales this low.” As the number of days a property typically stayed on the market rose to 33 in January from 26 days in December, inventory of existing homes also rose, jumping 2.1% Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added.

Sales 370

Sales MLS Short sale Marketing 370

Housing Wire

DECEMBER 20, 2023

Finding the right house for your buyers in today’s market is a bit like a safari. If your buyers can’t or won’t compete for scarce inventory, change your strategy. If you can’t find something in the right school district, find out if that district allows out-of-district families to pay tuition.

MLS 421

MLS Pre-approval New Construction Construction 421

Housing Wire

FEBRUARY 28, 2022

Unlike the surge in make-up demand we saw at the end of 2020, this recent outperforming data should moderate just due to traditional demand limits with the housing market at record low inventory levels. The question is, where do we find the sales base in 2022 to work from? Last year we had a few sales print above 6.2 This is critical.

Sales 410

Sales Mortgages As-is Marketing 410

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Residential 458

Residential Loans Industrial Branding 458

Housing Wire

MAY 10, 2022

The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. By using real time inventory data, and stratifying by income, the report highlights that for a household who earns $75,000 to $100,000 they have 411,000 fewer homes available for sale compared to pre-pandemic.

Mortgages 450

Mortgages Equity Closing Marketing 450

Housing Wire

FEBRUARY 4, 2021

With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Thanks to their experience and expert negotiation skills, agents can also help you submit a more competitive offer when you do find that dream house. Of course, nothing’s impossible.

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting.

Sales 410

Sales New Construction Equity Construction 410