Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. When we take a more extended look at new home sales, we aren’t working from an elevated level — slow and steady wins this race.

Sales 514

Sales Staging Mortgages Residential 514

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. When will that be? I have no idea.

Sales 397

Sales Mortgages Staging Fixed-rate mortgage 397

Housing Wire

APRIL 1, 2024

Everyone knows it’s been a very dry 18 months for home sales. All of these signals point to rising home sales in 2024. There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. Why the difference?

Sales 488

Sales Mortgages Closing Staging 488

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. From Census : For Sale Inventory and Months’ Supply: The seasonally adjusted estimate of new houses for sale at the end of April was 480,000. months at the current sales rate. This represents a supply of 9.1

Sales 496

Sales Marketing Construction Residential 496

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. However, what you might not know is that home sales are climbing, which is a good sign. more homes for sale now than last year at this time. We had 52,000 new pending sales this week. Short on time? New listings volume is up, too.

Sales 508

Sales Land Marketing Closing 508

Housing Wire

JUNE 14, 2024

Elevated mortgage rates, high home prices and a lack of for-sale listings continue to hamper U.S. home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade. The annualized rate of home sales, adjusted for seasonality, fell below 408,000 last month.

Sales 488

Sales Brokerage Mortgages Marketing 488

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Last week, the U.S. in March compared to a year earlier.

As-is 482

As-is Industrial Mortgages Loans 482

Housing Wire

NOVEMBER 4, 2024

Home sales are significantly better than they were last year at this time. These are homes that will generally close in November and December. 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.

Sales 393

Sales Staging Mortgages Closing 393

Housing Wire

JUNE 4, 2024

Seller impersonation fraud has reportedly risen significantly over the years, and one such fraudster attempted to cash in by facilitating a fraudulent sale of Graceland, the famous Memphis, Tennessee , home owned by the late Elvis Presley. He or she then tries to sell it to an unsuspecting buyer by executing a forged deed in your name.

Title 488

Title Sales Mortgages Equity 488

Housing Wire

SEPTEMBER 27, 2024

Title Resources Group (TRG) has closed its acquisition of Doma Holdings , the parent company of Doma Title , according to an announcement on Friday. The sale was first announced in late March 2024. In the all-cash transaction, Doma was valued at nearly $88 million. ” Lennar is joining Anywhere Real Estate Inc. ” .”

Closing 434

Closing Title Technology Investor 434

Housing Wire

SEPTEMBER 30, 2024

The rate of home sales is picking up! It’s not a big rush of home sales of course, we’re just looking for any signs of resuscitation, and we can finally start to see some. In this video today, we’ll look at the latest pending home sales data and also in the pricing data where we can see just a tiny heartbeat of homebuyer activity.

Sales 459

Sales Mortgages Closing Investor 459

Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. Census Bureau ’s new-home sales report for May shows that transactions took a nosedive to a seasonally adjusted annual sales volume of 619,000. months at the current sales rate in May. It was at 8.1

Sales 459

Sales MLS Closing costs Equity 459

Housing Wire

AUGUST 21, 2024

Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ million home sales in 2024 (down from 4.81 million sales in 2025 (down from 5.26

Sales 476

Sales Mortgages Land Construction 476

Housing Wire

SEPTEMBER 27, 2024

REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement. “We They began shopping REcolorado at the beginning of the year.

Purchase and sale agreement 474

Purchase and sale agreement Sales MLS Agents 474

Housing Wire

JUNE 5, 2024

Sieffert added that Paul Fiore, who most recently served as FOA’s chief retail sales officer and who came aboard with the AAG acquisition , has “made the decision to pursue other career opportunities and we wish him well in his future endeavors.” The news was first reported by National Mortgage News. Saying goodbye is never easy.

Finance 480

Finance Sales Equity Mortgages 480

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 509

Construction Residential Sales Mortgages 509

Housing Wire

OCTOBER 18, 2024

New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs). In many cases, roles were similar or duplicative.

Banks 446

Banks Sales Commercial Equity 446

Housing Wire

DECEMBER 30, 2024

In the last few months, the market finally saw some sales growth over the previous year. All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. Thats very low over the holidays.

Marketing 543

Marketing Sales Mortgages As-is 543

Housing Wire

JANUARY 17, 2025

range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data. When analyzing new home sales data and housing starts, it’s important to remember this rule of thumb. This is why it’s essential to monitor builders’ forward-looking outlooks closely.

Mortgages 468

Mortgages Construction Sales As-is 468

Housing Wire

MAY 13, 2024

Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines. Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines.

Sales 500

Sales Mortgages Closing Marketing 500

Housing Wire

MAY 28, 2024

Of course, we have to keep watching the sales rate too. So, it was encouraging that new pending sales ticked up a bit this week after having declined for several weeks in a row. So, it was encouraging that new pending sales ticked up a bit this week after having declined for several weeks in a row.

Sales 534

Sales Mortgages Closing Marketing 534

Housing Wire

MAY 22, 2024

I anticipated solid year-over-year home-price growth in today’s existing home sales report, so I’ve tried my best on social media to inform people that we have a low bar in home-price comps for this report and the next one. These sales will show up in the existing home sales later in the year. million in April.

Sales 513

Sales Finance Mortgages As-is 513

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. But keep in mind that May 2023 was the weakest comparison point in sales pricing. This year is almost the opposite.

Sales 476

Sales Mortgages Closing Marketing 476

Housing Wire

JUNE 6, 2024

10 for sales volume ($21.2 Its has closed $720 million in home sales since 2020. Its closed sales totaled $80 million in 2023. Over the past two years, the team has closed at $220 million in deals, including $80 million in 2023. The independent brokerage generated a sales volume of $75 million last year.

Brokerage 459

Brokerage Closing Agents Sales 459

Housing Wire

NOVEMBER 19, 2024

Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at. We should note that existing home sales are in the third consecutive year of the lowest sales on record when you adjust to the workforce size. percent (±11.6

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

FEBRUARY 23, 2024

Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024. While existing home sales dipped slightly in December by 1% to a seasonally adjusted annual rate of 3.78 housing market. trillion in its previous forecast.

Marketing 488

Marketing Fixed-rate mortgage Sales Mortgages 488

Housing Wire

MAY 30, 2024

That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. Combined with the decrease in asking prices, Redfin suggested that “sale prices could soften in the coming months as persistently high mortgage rates turn off homebuyers.“ year over year to $390,613.

Mortgages 497

Mortgages Renovation Sales Brokerage 497

Housing Wire

FEBRUARY 2, 2024

The buyer will receive the refund at closing. Clients who sign the agreement before going on a second home tour with the Redfin agent will get a refund when they close on their new home. The firm said the difference in refund is due to Redfin earning “a larger commission on a luxury home sale.”

Purchase and sale agreement 493

Purchase and sale agreement Agents Closing Brokerage 493

Housing Wire

OCTOBER 9, 2024

Across the country, the topic is causing quite a stir as real estate professionals are sorting out how to incorporate buyer requests and seller offers of buyer agent compensation into a purchase and sales agreement. What few actually considered, though, was what would happen when a buyer went from looking at a property to making an offer.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Why is selling to a family member different?

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

JULY 9, 2024

The team closed nearly $120 million in sales volume in 2023. The firm closed $110 million in sales volume in 2023 and marks the first independent brokerage to join Real in New Hampshire. The California-based team serves clients in the San Joaquin Valley and closed $98 million in sales volume in 2023.

Brokerage 448

Brokerage Agents Closing Sales 448

Housing Wire

DECEMBER 20, 2024

Home sales in 2024 have been well below historic norms. According to data from CoreLogic, investor purchases have tracked closely with consumer home sales, and the share of home sales attributable to investors is down as well. But even investors have purchased fewer homes this year. Same with the iBuyers. markets.

Investor 448

Investor Marketing Sales Mortgages 448

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. This has caught my attention and is something I am following closely. But let’s be honest here: we are working from depressed sales levels. However, surprisingly, demand has held up better than I anticipated.

Mortgages 514

Mortgages As-is Sales Marketing 514

Housing Wire

AUGUST 26, 2024

According to Redfin, pending sales of starter homes grew 10.2% This was in stark contrast to three other market segments that posted declines in the number of pending sales compared to July 2023. Sale prices for starter homes rose 4.2% fewer pending sales compared to July 2023. growth for middle-priced homes.

Sales 448

Sales Brokerage Investor Closing 448

Housing Wire

APRIL 29, 2024

The more optimistic take is that more sellers will result in more sales. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. That’s not saying much, since last year had so few home sales, but it is a step in the right direction. orate further?

Marketing 508

Marketing Mortgages Sales As-is 508

Housing Wire

MARCH 25, 2024

New supply and sales numbers keep climbing — both weekly and over last year. As the data comes in each week this year, I’ve been more optimistic about home sales volume growth than for home-price growth. And that implies softness for future sales prices. Growing inventory this year means more sales can happen.

Mortgages 511

Mortgages Sales Marketing As-is 511

Housing Wire

NOVEMBER 5, 2024

And for all talk about getting a good deal on a purchase or sale, people still just want to find the right home and have a smooth process. 1 need, while only 14% said they wanted help in negotiating the terms of the sale. The survey also shed light on the different methods by which agents are marketing homes for sale.

Purchase and sale agreement 435

Purchase and sale agreement Agents MLS Sales 435