Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

As-is 482

As-is Sales New Construction MLS 482

Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day. They coordinate with lenders and research mortgage rates and terms.

MLS 460

MLS Brokerage Agents Closing costs 460

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Existing-home sales rose 3.1% Year over year, sales dipped 1.7%, down from 4.07 Year over year, sales dipped 1.7%, down from 4.07 The median existing-home sales price increased by 5.1%

Sales 408

Sales MLS Mortgages As-is 408

Housing Wire

SEPTEMBER 28, 2023

Mirroring the trend for new home sales , pending home sales fell 7.1% Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Sales 429

Sales MLS Mortgages Closing 429

Housing Wire

AUGUST 30, 2023

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% The NAR’s Pending Home Sales Index climbed to a reading of 77.6 Overall, pending home sales fell in all four U.S. annual drop recorded in June.

Sales 405

Sales MLS Mortgages As-is 405

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. In August, existing-home sales fell 0.7% Existing-home sales were down 15.3% Despite a sharp drop in home sales compared to August 2022, the median existing-home sales price rose 3.9% All four U.S.

Sales 400

Sales Fixed-rate mortgage MLS Mortgages 400

Housing Wire

NOVEMBER 30, 2023

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. Bright MLS ’ 2024 forecast indicates that mortgage rates will fall to 6.5% on Thursday.

Mortgages 508

Mortgages MLS Investor Development 508

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Is the housing market normalizing?

Mortgages 422

Mortgages Fixed-rate mortgage MLS Staging 422

Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. 9, the largest one-week decrease since last November. as of Nov. for the week ending Nov.

Mortgages 461

Mortgages MLS Loans Investor 461

Housing Wire

DECEMBER 22, 2023

New home sales fell month-over-month in November to their lowest level since last November. Total new home sales are expected to reach about 5% higher than last year, while sales of existing homes are down by nearly 20% year-over-year. But despite this dip, 2023 is poised to be one of homebuilders’ busiest years.

Sales 394

Sales MLS Land Development 394

Housing Wire

MARCH 23, 2023

New home sales continued to rise in February, jumping 1.1% On a year-over-year basis, however, new home sales are still down 19.0%. New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. “As

Sales 380

Sales Principal MLS Mortgages 380

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Despite a sharp drop in home sales compared to the year-earlier period, the median existing-home sales price rose 1.9% It was the fourth time the monthly median sales price exceeded $400,000, according to the NAR.

Sales 299

Sales MLS Mortgages Marketing 299

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). month-over-month increase in December , the Pending Home Sales Index rose 8.1% After posting a 2.5% After posting a 2.5%

Sales 404

Sales Fixed-rate mortgage MLS Mortgages 404

Housing Wire

JANUARY 30, 2024

“Home price growth continued to accelerate through the winter and registered solid monthly gains despite a mortgage rate surge before the Fed December meeting which weighed heavily on already existing affordability challenges,” CoreLogic chief economist Selma Hepp said in a statement. in September to 7.8% by the end of November.

Mortgages 403

Mortgages MLS Marketing Sales 403

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” Lawrence Yun , NAR’ s chief economist, said in a statement. to a sales pace of 860,000 homes.

Sales 356

Sales MLS Mortgages Marketing 356

Housing Wire

AUGUST 23, 2023

After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. In July, the sales pace of new homes climbed 4.4% On a year-over-year basis, new home sales were up 31.5%. On a year-over-year basis, new home sales were up 31.5%. It was up 4.8%

Sales 323

Sales MLS Finance Mortgages 323

Housing Wire

DECEMBER 23, 2022

New home sales, to the surprise of many, rose by 5.8% New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% in November. in November.

Sales 355

Sales MLS Mortgages Banks 355

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%.

Mortgages 413

Mortgages Fixed-rate mortgage Marketing MLS 413

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 20.3%, an improvement on the 23.3% annual drop recorded in March. The Northeast (59.1)

Sales 351

Sales MLS Banks Mortgages 351

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. month-over-month increase in January , existing home sales trended downward throughout the rest of the year. On a yearly basis, existing home sales were down 34% in December.

Sales 348

Sales MLS Mortgages Marketing 348

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%.

Mortgages 379

Mortgages Construction New Construction Investor 379

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Department of Veteran Affairs (VA) loans.

MLS 416

MLS VA loan Agents As-is 416

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April. The Northeast (66.7)

Sales 320

Sales New Construction MLS Construction 320

Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. Other indices showed different mortgage rates this week.

Mortgages 424

Mortgages Fixed-rate mortgage Investor MLS 424

RIS Media

MAY 14, 2024

Bright MLS, which covers the mid-Atlantic regions of the eastern United States, has published its latest report chronicling changes (and continuity) in the region’s housing markets. “More… The post Bright MLS Releases Latest Mid-Atlantic Housing Update appeared first on RISMedia.

MLS 118

MLS Mortgages Marketing As-is 118

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 350

Sales MLS Short sale Marketing 350

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As The job openings rate was steady at 5.3% million and a rate of 2.2%

Industrial 277

Industrial Mortgages Construction MLS 277

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. The post Mortgage Coach integrates with Insellerate appeared first on HousingWire.

Mortgages 362

Mortgages Loan Officer Loans MLS 362

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . Mortgage rates differed slightly on other platforms, and were 6.65% for conforming loans at Mortgage News Daily on Tuesday. .

Mortgages 457

Mortgages Fixed-rate mortgage MLS Loans 457

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales rose 0.4% Pending home sales rose 0.4%

Sales 289

Sales MLS Construction Banks 289

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.” since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short. Opportunity Lost.

Sales 358

Sales Pre-approval Short sale MLS 358

Housing Wire

JUNE 3, 2024

Name Job Title Company Name Alec Hanson Chief Marketing Officer loanDepot Amit Kulkarni Chief Marketing Officer Bright MLS Andrew Strickman Chief Marketing Officer New American Funding Brad Sivert Chief Marketing Officer – Head of Marketing & Growth Tavant Bradley Nelson Chief Marketing Officer Sotheby's International Realty Bridget (..)

Marketing 440

Marketing Branding MLS Mortgages 440

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. from a month prior, but down 3.6%

Sales 336

Sales New Construction Marketing Construction 336

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Fixed-rate mortgage 425

Fixed-rate mortgage Sales MLS Mortgages 425

RIS Media

JANUARY 15, 2024

Bright MLS, which covers the American Mid-Atlantic, found that 2023 ended with their local markets showing sparks of life. Pending sales, as of December 2023, numbered 13,109 (0.5% The report suggests… The post Final Bright MLS Housing Report of 2023 Suggests a New Year of Competition appeared first on RISMedia.

MLS 119

MLS Sales Marketing Industrial 119