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. months at the current sales rate.

Sales 514

Sales Construction Mortgages Residential 514

Housing Wire

JULY 24, 2024

This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first. Now that new home sales are trending lower , with fewer permits, are we getting closer to the end of this cycle? months at the current sales rate.

Sales 488

Sales Construction Mortgages Staging 488

Housing Wire

DECEMBER 23, 2024

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. Monthly new home sales have been stagnant for the past two years. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise.

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably. Confused by this? Housing inventory.

Sales 531

Sales Mortgages Short sale Principal 531

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 444

Lending Sales Commercial Loans 444

Housing Wire

JULY 26, 2022

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. However, for the new home sales sector, it would put their business model at risk. The previous economic expansion (2008-2019) had the weakest new home sales recovery; thus, we had the weakest housing construction cycle ever.

Sales 514

Sales Construction Mortgages Title 514

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., and REA Group Ltd.

Purchase and sale agreement 514

Purchase and sale agreement Sales Agents Design 514

Housing Wire

JUNE 5, 2024

California -based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team. On Wednesday, the company confirmed that Justin Andrews has been hired as the new area sales manager in the Seattle region. A native New Englander, Jeff fits the bill all around.

Sales 439

Sales Loan Officer Mortgages Development 439

Housing Wire

APRIL 23, 2024

We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings. each, representing a value of $2.1

Sales 418

Sales Residential Branding Brokerage 418

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. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

JANUARY 10, 2024

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. To Brobeck, the fact that so many agents rely on residential sales for occasional, marginal or supplemental income is a problem.

Agents 459

Agents Sales Residential Commercial 459

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy. We will soon find out.

Construction 509

Construction Residential Sales Mortgages 509

Housing Wire

JUNE 27, 2023

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market.

Sales 370

Sales New Construction Construction Residential 370

Housing Wire

DECEMBER 11, 2023

Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office. I am proud of the leadership of my team in this precedent-setting settlement with EasyKnock,” Campbell said in a statement. “We

Sales 415

Sales Equity Residential Technology 415

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

OCTOBER 25, 2023

The GTOs require title companies to identify the people behind shell companies used in all-cash purchases of residential real estate. Treasury Department, announced last week that it will again be expanding its Geographic Targeting Orders (GTOs). The new requirements are effective through mid-April 2024. real estate market to launder money.

Sales 448

Sales Title Residential Development 448

Housing Wire

JANUARY 2, 2025

The 10-year yield is projected to be between 3.80% and 4.70% For mortgage rates to go lower, we need to focus on the labor market, which has been critical to every economic cycle in recent history, and particularly the labor market for residential construction and remodeling. We held that line very late in the year 2023.

Mortgages 505

Mortgages Construction Residential Sales 505

Housing Wire

MAY 24, 2024

Mele played a pivotal role in CoStar’s strategy to dominate the residential real estate sector, advocating for the “your listing, your lead” philosophy. As part of his leadership role, Mele oversaw CoStar’s residential division, including the integration of Homesnap into Homes.com as Homes Pro.

Residential 454

Residential MLS Investor Agents 454

Housing Wire

JUNE 6, 2024

million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. reduction in residential lending activity compared to first-quarter 2023 and a 69.3%

Lending 492

Lending Mortgages Residential Loans 492

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. Let’s look at today’s residential construction report and see where we are. But during this entire time, the number of residential construction workers has been growing. From the U.S. percent (±10.3 percent (±10.5

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

MAY 21, 2024

Shuler has also served in CIO leadership roles at GMAC Mortgage/GMAC ResCap , National City Mortgage and Homeward Residential. In March , Planet hired Matt Kingsborough as regional sales manager to drive the company’s expansion plans in the western U.S.

Lending 442

Lending Residential Technology Commercial 442

Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). Some experts forecasted as many as six rate cuts in the year based on this news.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

APRIL 13, 2022

On the purchase side, the association expects higher home prices, mortgage rates, and ongoing supply constraints to lead to a decline in existing home sales. The survey, conducted since 1990, covers more than 75% of the retail residential mortgage applications. Mortgage application volume dropped 1.3%

Mortgages 516

Mortgages Residential Sales Loans 516

Housing Wire

JULY 1, 2024

In this role, Kaufman will oversee sales and marketing efforts for the company’s new development projects across Florida and North Carolina. In 2022, Kaufman co-founded AdaMark Residential , where he served as president. Naples, Florida -based Premier Sotheby’s International Realty is shaking up its C-suite.

Principal 434

Principal Residential Development Sales 434

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. 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. When they say housing leads the U.S.

Construction 493

Construction Residential Mortgages As-is 493

Housing Wire

SEPTEMBER 13, 2021

A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept. This limited inventory and strong demand is reflected in the 14% increase of the median home-sale price to $358,250, with the median asking price of newly listed homes at $353,500.

Marketing 538

Marketing Sales Residential Brokerage 538

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Chris was a great executive sales leader during his impressive 11 years at Guaranteed Rate,” Victor Ciardelli , CEO of Guaranteed Rate, said in a prepared statement.

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That is 12 million more than Netflix and 32 million more than LinkedIn.

Investor 482

Investor Residential Agents MLS 482

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. Led by Mike DelRose Sr., Mike DelRose Jr.

Brokerage 459

Brokerage Residential Commercial Development 459

Housing Wire

MAY 14, 2024

The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales. million in sales last year. As part of the move, Skenderian is also opening an office in Laguna Beach, California. In 2023, the team was ranked No. The team recorded $24.1

Commercial 438

Commercial Residential Construction Technology 438

Housing Wire

FEBRUARY 26, 2024

In this new capacity, Greene will oversee operations, sales and customer service efforts, working to empower CoreLogic’s MLS clients. I am honored to be considered for this role. (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement. Army veteran.

Industrial 447

Industrial MLS Residential Development 447

Housing Wire

JULY 24, 2024

CoStar’s residential sector was at least partially responsible for the revenue growth as it rose from $12.7 residential portal space combined and report traffic associated with home sales, home rentals, rural homes, land sales and apartment rentals in their traffic numbers. million in Q2 2023 to $26.2 million in Q2 2024.

Residential 448

Residential Branding Agents Land 448

Housing Wire

OCTOBER 15, 2024

1 and Sept 30 of this year based on prices for closed residential sales. The nation’s most expensive neighborhood — Atherton, California — saw its median sale price jump to $7.9 In 2023, Atherton’s median sale price was $400,000 lower than today. 4 spot on the list with a median sale price of $5.7

Residential 448

Residential Sales Closing As-is 448

Housing Wire

MAY 13, 2021

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. The challenge is that the sales data you’re looking at is dated,” said Shawn Telford, chief appraiser at CoreLogic. over the list price. Already a member?

Marketing 525

Marketing Residential Sales Closing 525

Housing Wire

JULY 9, 2024

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. EasyKnock agreed to permanently end its sale-leaseback solution in Massachusetts, and to pay $200,000 to the state as part of the terms of its settlement.

Purchase and sale agreement 448

Purchase and sale agreement Equity Lending Investor 448

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. home price appreciation , without the costs, inefficiencies, and complexity that historically come along with large-scale residential real estate investing.

Equity 472

Equity Investor Residential Finance 472