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

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 506

Sales Staging Mortgages Residential 506

Housing Wire

NOVEMBER 22, 2023

Price cuts are not the only way builders are fighting for sales. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. But boosting sales is only one part of keeping supply in check. 2019 level.

Closing 467

Closing Closing costs Sales Mortgages 467

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 463

Sales Mortgages Land Construction 463

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

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 460

Sales Marketing Construction Residential 460

Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” in question.

Closing 453

Closing Title Technology Property Management 453

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 443

Sales MLS Closing costs Equity 443

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 475

Title Sales Mortgages Equity 475

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 507

Sales Land Marketing Closing 507

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. Despite falling in August, new home sales remained 5.8% Existing home sales also fell in August, down 15.3%

Sales 477

Sales MLS Mortgages Closing 477

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 478

As-is Industrial Mortgages Loans 478

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 438

Purchase and sale agreement Sales MLS Agents 438

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. If you’ve been following along with the Altos data, you’ll know that home sales have been expanding for two months now. We shared that sales growth data back in December as it was happening in the housing market. Finally back to growth.

Sales 444

Sales Mortgages Closing As-is 444

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% Year over year, sales fell by 3.7%. Existing home sales posted a year-over-year price gain for the ninth consecutive month and reached the highest price ever for the month of March. million, down from 4.38

Sales 414

Sales New Construction MLS Construction 414

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 407

Banks Sales Commercial Equity 407

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home.

Debt-to-income ratio 399

Debt-to-income ratio Sales Purchase and sale agreement Loans 399

Housing Wire

JANUARY 19, 2024

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks out 30-90 days for sales — it doesn’t move as fast as some people think. From NAR : Existing-home sales waned 1.0% Sales faded 6.2%

Sales 471

Sales Construction Investor As-is 471

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

Purchase and sale agreement 443

Purchase and sale agreement Sales Closing costs Closing 443

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The gain-on-sale margin also nosedived to 1.16% in the second quarter, down from 1.96% in the previous quarter. The announcement on Tuesday came alongside a $223.8 billion and $10.5

Closing 497

Closing Principal Lending Loans 497

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs.

Closing costs 417

Closing costs Closing Agents Mortgages 417

Housing Wire

SEPTEMBER 24, 2023

The 10-year yield fell on Friday, bringing some relief, but we got very close to yearly highs for mortgage rates. It’s been hard to grow the housing supply this year as home sales are stable compared to last year’s massive collapse in demand. Mortgage rates did find some relief on Friday as bond yields headed lower. 15: 61,852 Sept.

Closing 475

Closing Mortgages Sales As-is 475

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 423

Sales New Construction Construction Closing costs 423

Housing Wire

DECEMBER 11, 2023

According to the release, the firm closed more than $350 million in volume in 2022. “We In 2022, the firm closed nearly $95 million in sales volume according to the release, serving clients in San Diego and South Riverside Counties. Ruehrwein’s move was not the only major addition for RE/MAX in Massachusetts.

Closing 432

Closing Brokerage New Construction Agents 432

Housing Wire

FEBRUARY 13, 2024

TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Mortgage tech firm TRAiNED Inc.

Sales 444

Sales Mortgages Title Loans 444

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

Lending 396

Lending Sales Commercial Loans 396

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% Existing-home sales grew 0.8% Looking at the four major U.S.

Sales 437

Sales Fixed-rate mortgage MLS Mortgages 437

Housing Wire

OCTOBER 19, 2023

Sales are still falling, home prices keep rising, and inventory is still negative year over year. Let’s review what the existing home sales market has told us in 2023 as mortgage rates have increased. Year-over-year, sales dropped 15.4% (down from 4.68 Year-over-year, sales dropped 15.4% (down from 4.68

Closing 489

Closing Marketing Sales Mortgages 489

Housing Wire

SEPTEMBER 2, 2021

Additionally, borrowers have stated that the two most appreciated aspects of an online application process were “a simpler application process (55%) and reduced time to close (53%).” Creating a tech stack geared towards increasing closing efficiency isn’t just about offering eClosings.

Technology 455

Technology Closing Loan Officer Mortgages 455

Housing Wire

SEPTEMBER 7, 2023

Last year, the change in mortgage rates was rapid enough to drive home sales prices down. There’s no getting around the fact that sales are slow , demand is held back because the cost of money is so much higher than it has been recently. It’s notable that home sales prices are not yet declining rapidly like they did last fall.

Sales 462

Sales Mortgages Closing As-is 462

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

DECEMBER 17, 2021

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. The post 2022 Tech100 nominations are closing soon!

Closing 401

Closing Technology Mortgages Agents 401

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Sales 430

Sales Mortgages Closing As-is 430

Housing Wire

FEBRUARY 8, 2024

E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign’s market capitalization is close to $10.5

Sales 446

Sales Banks Technology Investor 446

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. Law360 and National Mortgage News first reported on AmeriFirst’s motion seeking approval of loan sales. million to Centier Bank.

Loans 428

Loans Bankruptcy Sales Commercial 428

Housing Wire

AUGUST 7, 2023

Fannie Mae and Freddie Mac have had affordable lending goals for years, but the impact of closing the minority homeownership gap has not been that significant. Fannie Mae and Freddie Mac have been under government conservatorship since the beginning of 2008. Ginnie Mae is wholly owned by the federal government.

Closing 365

Closing Fixed-rate mortgage Debt-to-income ratio Lending 365

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days. in state transfer tax.

Closing costs 105

Closing costs Closing Title search Title 105