Housing Wire

MAY 3, 2024

In real estate , short-term rentals (STRs) have carved a niche that extends far beyond the heyday of basic room rentals. While it may seem like short-term rentals are a recent phenomenon, their roots trace back to the 1950s. While it may seem like short-term rentals are a recent phenomenon, their roots trace back to the 1950s.

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Investor Technology Industrial Commercial 346

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. An index of 50 is neutral; higher than 50 indicates that homebuilders view conditions as favorable; and lower than 50 indicates that builders view conditions as unfavorable.

Construction 384

Construction Finance Staging Land 384

Housing Wire

DECEMBER 12, 2023

The new system, which has been in beta-testing for the last several quarters, delivers a fully conditional loan approval “in minutes rather than hours or days,” the company said in a statement. Ultimately, the engine generates instantaneous borrower conditions. loanDepot, a top 15 U.S. mortgage lender, originated $6.1

Loan Officer 412

Loan Officer Loans Technology Lending 412

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. economy through full employment, stable prices and moderate long-term interest rates.

Fixed-rate mortgage 418

Fixed-rate mortgage Agents Marketing Lending 418

Housing Wire

FEBRUARY 14, 2024

To lure more buyers, sellers are coming to terms with the market conditions and are agreeing to apply price cuts to their homes. Under certain conditions, shoppers can negotiate a better deal on a house that’s been sitting on the market for a long time. In January, one in five houses listed on Zillow included a price cut.

Marketing 356

Marketing As-is Sales Agents 356

Housing Wire

MAY 3, 2024

The Federal Reserve ’s Federal Open Markets Committee (FOMC) maintained its short-term interest rate steady at a range of 5.25% to 5.5% On the other hand, weakening labor market conditions and declining consumer confidence could also hold back would-be homebuyers. “On Since August 2023, the unemployment rate has hovered between 3.7%

MLS 365

MLS Marketing Mortgages Sales 365

Housing Wire

DECEMBER 13, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Financial conditions have eased since the last FOMC meeting on Nov. While conditions have improved, mortgage rates remain high. at its last meeting of the year on Wednesday. Mortgage rates could near 6.5%

Mortgages 519

Mortgages Banks Investor Industrial 519

Housing Wire

FEBRUARY 6, 2024

These include those who have some kind of urgent need, likely stemming from a recent medical issue or injury; those suffering from a cognitive or neurodegenerative condition; and more proactive adults who are planning out their later years in advance. There are three general client types Chiang’s company serves, she explained.

Renovation 404

Renovation As-is Marketing 404

Housing Wire

MARCH 8, 2024

Lawrence Yun, the chief economist at the National Association of Realtors , said the economy is clearly slowing and the housing crisis grows more acute each month. “The short-term timing of purchase is dependent upon mortgage rates and inventory availability,” he said. Average hourly earnings for private-sector employees grew by 0.1%

MLS 408

MLS Construction Mortgages Sales 408

Housing Wire

MARCH 15, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. The existing home sales market is significantly bigger than new homes.)

Construction 333

Construction Banks Loans Land 333

Housing Wire

JUNE 19, 2023

Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains,” said NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Alabama. The score in June was 55, up five points from May.

Development 437

Development Loans Finance Sales 437

Housing Wire

JANUARY 17, 2024

Fannie Mae, Freddie Mac, and FHA appraisal guidelines require such adjustments whenever market conditions change. The buyer “typically must renegotiate the purchase price, put more cash down, or accept costlier loan terms.” An appraiser can adjust for price changes since a comparable property sale, a process known as time adjustment.

Finance 370

Finance Loans Sales Marketing 370

Housing Wire

DECEMBER 6, 2023

“Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC). Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024.

Principal 336

Principal Equity Mortgages Investor 336

Housing Wire

MARCH 16, 2023

Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season. . “Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short term.” by mid-week. by mid-week.

Banks 366

Banks Mortgages Fixed-rate mortgage Lending 366

Housing Wire

JUNE 19, 2023

Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains,” said NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Alabama. The score in June was 55, up five points from May.

Development 366

Development Loans Finance Sales 366

Housing Wire

OCTOBER 27, 2023

That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction. The free market establishes broker commission costs based on things like service quality, value for price and market conditions.

MLS 454

MLS Brokerage Agents Closing costs 454

Housing Wire

DECEMBER 12, 2023

Tuesday’s report showed inflation was a bit stronger than anticipated, but it was boosted by rents and used car prices, both of which have longer-term disinflationary futures in store for them. So, the market has loosened financial conditions a bit already but more needs to happen for housing to get going again.

Land 471

Land Mortgages Marketing As-is 471

Housing Wire

SEPTEMBER 29, 2020

. “A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence,” said Lynn Franco, the board’s senior director of economic indicators. ” Wells Fargo economists called the confidence jump “impressive.”.

Marketing 532

Marketing As-is 532

Housing Wire

NOVEMBER 7, 2023

We are more focused than ever on delivering for our customers in a way that aligns with our long-term vision, and we believe we are in a strong position to continue our pace of innovation with speed, scale, and efficiency,” said Nima Ghamsari , head of Blend. The San Francisco-based company reported a non-GAAP net loss of $21.4

Banks 313

Banks Mortgages Investor Title 313

Housing Wire

FEBRUARY 29, 2024

This combination of economic conditions is favorable for home buying. As a result, long-term housing demand is increasing more significantly in these regions. “As As a result, long-term housing demand is increasing more significantly in these regions. Meanwhile, the Midwest and the South recorded monthly losses.

Sales 366

Sales MLS Mortgages As-is 366

Housing Wire

SEPTEMBER 1, 2023

The terms of the deal were not disclosed. It gives customers access to 95% of their home equity, at a maximum of $500,000, with terms from five to 30 years. The deal is subject to customary closing conditions and regulatory approvals. accelerates. The company has 76 active loan officers in four branches, according to Modex.

Equity 343

Equity Loan Officer Residential Commercial 343

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products.

Loan Officer 338

Loan Officer Loans Mortgages Equity 338

Housing Wire

AUGUST 8, 2023

ClearQC: Access to Clear Capital’s ClearQC rules engine, which includes pre-check rules for completeness and consistency, ClearPhoto AI-driven rules for identifying inconsistencies, and property condition assessment based on photos. This includes delivering a detailed summary report and automated underwriting capabilities.

Technology 309

Technology Loans Investor MLS 309

Housing Wire

MAY 3, 2024

As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. To that I say, timing is everything in real estate. With only 1.3 With only 1.3

Pre-approval 306

Pre-approval Lending Inspection Equity 306

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”. Several former workers on Wednesday also filed lawsuits related to the layoffs.

Bankruptcy 545

Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

JANUARY 25, 2024

In the short term, all eyes are turned toward the meeting of the Federal Open Market Committee (FOMC) next Tuesday and Wednesday. To stay within budget, buyers will have to talk through trade-offs and compromises with a real estate professional who understands local market conditions, Sturtevant said in a statement.

Mortgages 371

Mortgages Fixed-rate mortgage MLS Banks 371

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California.

Sales 449

Sales New Construction Staging Mortgages 449

Housing Wire

JULY 7, 2023

points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae. While most of the HPSI’s six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May. The full index is up 1.2

Sales 339

Sales Mortgages Marketing As-is 339

Housing Wire

MARCH 14, 2024

million, with total outstanding debt of $140 million in the form of Blend’s term loan. During the fourth quarter, Blend prepaid $85 million of its term loan balance and amended the maturity date to provide for a one-year extension to 2027, provided we meet certain conditions,” said Amir Jafari, Blend’s head of finance and administration.

Title 357

Title Banks Mortgages Loans 357

Housing Wire

MARCH 5, 2024

while contextualizes how the Treasury hopes to impact conditions through the newly announced plan. while contextualizes how the Treasury hopes to impact conditions through the newly announced plan. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S.

Construction 413

Construction Finance Land Design 413

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The relative amount of movement fluctuates over time on a seasonal and long-term basis.

Agents 370

Agents MLS Brokerage Industrial 370

Housing Wire

JANUARY 3, 2024

To navigate the more challenging market conditions experienced in 2023 and given the cyclical nature of the industry, Pennymac made the difficult, but necessary decision to reduce its workforce,” a spokesperson from Pennymac said in an e-mailed response. 15 and reviewed by HousingWire. The California-based lender delivered a $92.87

Loan Officer 343

Loan Officer Development Mortgages Investor 343

Housing Wire

MARCH 8, 2024

A “value chain” is something of a catch-all term that refers to “everything from the parts or services bought from other suppliers, to the way that people who use the products ultimately dispose of them,” the Times explained.

Development 356

Development Mortgages As-is Marketing 356

Housing Wire

MAY 24, 2024

Improve your credit score Boost your overall credit score to improve your chances of getting more favorable mortgage terms. Having a high debt-to-income ratio can limit the loan amount you qualify for, or even disqualify you from certain mortgages. Student loans, however, can make it harder to reach that down payment goal.

Debt-to-income ratio 360

Debt-to-income ratio Loans Pre-approval VA loan 360

Housing Wire

JANUARY 19, 2024

So, while many recent borrowers from 2023 will begin to face meaningful benefits by refinancing, a strong refinance wave driven by rate-term borrowers is not expected in 2024. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. million in Q4 2023. Of the total $1.98

Mortgages 540

Mortgages Fixed-rate mortgage Sales Equity 540

Housing Wire

AUGUST 8, 2023

Consumers’ increased confidence regarding their personal financial situations was largely offset by greater pessimism toward home-buying conditions, Fannie Mae ’s home purchase sentiment index ( HPSI ) showed. Unsurprisingly, consumers continue to attribute the challenging conditions to high home prices and unfavorable mortgage rates.

Mortgages 346

Mortgages Sales Marketing As-is 346

Housing Wire

DECEMBER 29, 2023

In terms of housing starts, a key measure of coming inventory, National Association of Realtors ’ Chief Economist Lawrence Yun forecasts 1.04 According to Dietz, the long-term housing deficit, coupled with lower mortgage rates and a persistent lack of resale inventory will help buoy demand for new single-family construction.

Construction 424

Construction New Construction Lending Sales 424