Housing Wire

APRIL 29, 2024

This implies that home prices will decline in the near future. That’s not saying much, since last year had so few home sales, but it is a step in the right direction. At Altos Research , where we track every home for sale in the country each week, the data so often defies expectations or changes very quickly. orate further?

Marketing 488

Marketing Mortgages Sales As-is 488

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 407

Equity Marketing Loans Investor 407

Housing Wire

MAY 14, 2024

People who already own homes are less likely to be buyers right now because they are holding onto their properties because of low interest rates ,” Joe Cilic, the team lead of the Sotheby’s International Realty -brokered Cilic Group , said. “I’m Data from Altos Research supports Cilic’s claim that lower priced homes are being snatched up.

Backup offer 414

Backup offer Days on market Inspection Marketing 414

Housing Wire

MAY 15, 2024

After all, boomers own almost 10 million homes and are likely considering a lifestyle change. Our data supports this prediction: 85% of baby boomers who are planning to sell their homes in the next 5 years will actually do so in the next three. New construction in age-restricted communities is becoming a rising trend.

New Construction 421

New Construction Design Construction Marketing 421

Housing Wire

APRIL 22, 2024

In fact, some measures of home prices are now at their all-time highs, having surpassed the previous peak of two years ago. More home sales are happening, but we can also see — once adjusted for seasonal patterns — that sales should be much higher now if a real market recovery were underway. housing market for the week of April 22.

Sales 525

Sales Mortgages Closing Marketing 525

Housing Wire

MARCH 12, 2024

So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? But what about the 1970s inflation that led to 18% mortgage rates in the early 1980s? The running average of CPI going back to 1914 has been 3.3%.

Mortgages 498

Mortgages Investor As-is Marketing 498

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. These attention-grabbing headlines point out that home sales prices are 5%, 6% or even 7% higher than at this time last year. More homes are available to buy and, therefore, more homes are being bought.

Sales 441

Sales Mortgages Closing Marketing 441

Housing Wire

MARCH 21, 2024

Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. Will this mark the high point for sales this year like it did in 2023? million in February. million.

Sales 488

Sales Mortgages Days on market Investor 488

Housing Wire

FEBRUARY 19, 2024

Notoriously high home prices are to blame, with monthly payments for a typical California home sitting at more than $5,500. Notoriously high home prices are to blame, with monthly payments for a typical California home sitting at more than $5,500. What’s the solution? million units behind.

Staging 488

Staging Land Residential As-is 488

Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. Home Sales Report. At the same time, the median nationwide home price dropped by 4.3% But due caution is needed in looking at the first-quarter data and what the patterns mean.

Sales 424

Sales Marketing Mortgages 424

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. Yet, this type of wealth — often an individual’s largest single asset — too frequently remains illiquid. Are home equity investments the answer?

Equity 441

Equity Investor Residential Finance 441

Housing Wire

MARCH 29, 2024

We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. From 2020 until the middle of 2022, the Austin metro area was turning heads for its massive influx of homebuyers and its exponential home price growth.

Agents 424

Agents Marketing Sales As-is 424

Housing Wire

NOVEMBER 28, 2023

The median price of a home in America is rapidly becoming out of reach for most first-time homebuyers. This is especially true for minority families who on average have less wealth than non-minority families. Like most things in our economy, home prices are influenced by supply and demand principles.

Land 464

Land Construction Real-estate owned Equity 464

Housing Wire

APRIL 8, 2024

What’s notable is that last year there were more immediate sales, fewer withdrawals and fewer price reductions. What’s notable is that last year there were more immediate sales, fewer withdrawals and fewer price reductions. The way to look at this is that demand for homes hasn’t really picked up from a year ago.

Sales 464

Sales Mortgages Marketing As-is 464

Housing Wire

MARCH 11, 2024

The implicit fear was that we’d see maybe too much inventory and that lower mortgage rates would therefore cause home prices to fall. Second, because people think of home sellers as being locked-in by high interest rates. What homeowner is going to give up a 3% mortgage to get a new home with a 7% mortgage?

Mortgages 502

Mortgages Sales Marketing As-is 502

Housing Wire

MARCH 22, 2024

We sat down to discuss the dynamics of entering the business, what MCS hopes to bring to the table and what the future may hold for the company going forward. Clow: What do you think MCS can bring to the table on reverse based on this acquisition? What that does is open up more people to do that work.

Due diligence 414

Due diligence Mortgages Industrial Property Management 414

Housing Wire

APRIL 16, 2024

9, 2022 , a critical recessionary data line changed as mortgage rates fell, new home sales grew, builders bought down rates and the cycle moved on. This isn’t just people who work in apartments and single-family homes, as remodeling employment is also high here. When they say housing leads the U.S. However, after Nov.

Construction 464

Construction Residential Mortgages As-is 464

Housing Wire

NOVEMBER 30, 2023

A typical 20% down payment on a home in a U.S. metropolitan area costs $80,250, based on the median price of a single-family home of $402,600 in the second quarter of 2023. But, what are they exactly and how can we help our clients utilize them? What are down payment assistance programs?

FHA loan 414

FHA loan Loans Equity Mortgages 414

Housing Wire

APRIL 9, 2024

All of this in spite of what has to be considered a digital transformation that has enveloped us in the past five years. More often than not, homebuyers still wait weeks and even months to get the keys to their new home. And yet, our space may be on the verge of its own “Model T” moment. Sound familiar?

Title 440

Title Industrial Technology Investor 440

Housing Wire

FEBRUARY 23, 2024

We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” 16, 2024, the metro area had 1,753 active single-family listings. Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot.

Marketing 464

Marketing Agents Inspection Days on market 464

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. As mortgage rates rise, so do the number of unsold homes: Demand slows, inventory grows.

Mortgages 433

Mortgages Sales Marketing As-is 433

Housing Wire

MARCH 25, 2024

Home prices had a slight increase this week across the board. What does this means for home prices this spring? As the data comes in each week this year, I’ve been more optimistic about home sales volume growth than for home-price growth. There are now 513,000 single family homes unsold on the market.

Mortgages 493

Mortgages Sales Marketing As-is 493

Housing Wire

DECEMBER 22, 2023

New home sales missed sales estimates , but the builders’ stocks have been roaring higher. What gives? Also, new home sales are notorious for big positive and negative prints that tend to get revised. However, the builders have been able to sell homes by offering buy-downs, which get more expensive as rates head higher.

Sales 523

Sales Mortgages Marketing Construction 523

Housing Wire

DECEMBER 4, 2023

Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a better market to buy a home. Purchase activity picked up in September, as sales of new single-family homes increased to a seasonally adjusted level of 719,000, up from 680,000 sales in April 2023.

Marketing 450

Marketing Banks Lending Mortgages 450

Housing Wire

MAY 1, 2024

It likely is part of what you like about your career. My business I want my clients to think of me and remember me for their friends and family, for their refinances , for their future purchases or even for post-closing questions, I want to be their constant resource. But none of that really matters. Why does it matter?

Closing 414

Closing Development As-is Industrial 414

Housing Wire

JANUARY 25, 2024

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. percent (±24.2 percent (±20.6

Sales 498

Sales Construction Mortgages Residential 498

Housing Wire

JANUARY 2, 2024

We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. Home prices are inching up too. There are now 258,000 single family homes in contract.

Marketing 525

Marketing Staging Equity Sales 525

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. What could make home prices decline?

Marketing 525

Marketing Construction Sales Mortgages 525

Housing Wire

FEBRUARY 20, 2024

Are last year’s surprising home price gains evaporating? Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. Dramatically few home sales was the story of 2023.

Mortgages 498

Mortgages Sales Marketing As-is 498

Housing Wire

NOVEMBER 29, 2023

Homeownership is the single greatest contributor to household wealth for American families. A home that is inherited from a family member without a will, also known as heirs’ property, can present serious challenges to families if new ownership has not been updated in land records. What is heirs’ property?

Title 424

Title Industrial Land Finance 424

Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic.

Marketing 414

Marketing Seller concession Due diligence Days on market 414

Housing Wire

DECEMBER 23, 2023

Let’s look at the tracker for the week before Christmas and see what the forward-looking data looks like before we open presents. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. When mortgage rates rise and demand decreases, more homes see price cuts.

Marketing 535

Marketing Mortgages Sales Loans 535

Housing Wire

APRIL 5, 2024

I believe it is the best time for buyers to get a deal because everyone is scared, they don’t know what will happen so fewer buyers are looking, and you never want to be in a scenario where everyone wants to purchase because the competition will be high. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

Marketing 424

Marketing Agents As-is Loans 424

Housing Wire

APRIL 10, 2024

With two decades of marketing experience both on the agency and the brand side, as well as a personal passion for rehabbing homes, Wooden’s know-how, grit, and fresh perspective has continued to propel the Anywhere portfolio of well-known and well-loved brands forward in an ever-evolving technological landscape.

Marketing 413

Marketing Loan Officer Branding Loans 413

Housing Wire

MARCH 18, 2024

Digital lender Better.com launched its One Day Home Equity Line of Credit (HELOC) product that will provide approval decisions to consumers within 24 hours of locking their interest rate. So, we said, what if we could do a HELOC at the same time that it takes you to get a personal installment loan or a credit card?”

Equity 413

Equity Finance Banks Loans 413

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. If mortgage rates stay in the 7s or keep climbing, you can see what’s going to happen to home prices.

Mortgages 433

Mortgages Sales Marketing As-is 433

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. Home prices will be up this year by a few percentage points, also. Home sales are increasing every week. Home price signals are increasing too. These are very clear trends as we start the new year.

Marketing 488

Marketing Sales Mortgages As-is 488