Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. said sales will go up more than 5%; and 25.2%

Mortgages 414

Mortgages Loan Officer Marketing Seller concession 414

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

Marketing 418

Marketing Residential Construction Mortgages 418

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Home sales are expected to rise, as homebuyers will have more options to choose from. However, market activity is still projected to remain well below typical levels.

MLS 493

MLS Closing costs Sales Mortgages 493

Housing Wire

APRIL 26, 2024

In certain circumstances, the program would allow for inclusion of “an ‘interested party contribution’ [of] up to six percent of the sales price,” according to the original plan. Changing course In October, FHA published proposed guidance for the H4P program in the Federal Register. These credits can lead to fair lending violations.

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. Confidence rose in the Northeast to 53, signaling that builders there are slightly optimistic about market conditions. 2019 level. 2019 level.

Closing 488

Closing Closing costs Sales Mortgages 488

Housing Wire

MARCH 15, 2024

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. “You

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

NOVEMBER 15, 2024

That’s right, there are Black Friday home sales! The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

JUNE 10, 2021

According to Redfin, the average real estate commission is 5%–6% of the home’s sale price. A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Seller Concessions. Bottom Line.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Housing Wire

NOVEMBER 3, 2023

homegenius Real Estate understands the need to deliver differentiated value in a very congested market. Explore possible cost savings. The homegenius Home Price Index combines market information, valuation data and advanced machine learning techniques to analyze home price data and identify trends for regions, towns and neighborhoods.

Closing costs 434

Closing costs Short sale Technology New Construction 434

Housing Wire

JANUARY 10, 2023

In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. Pandemic boomtowns see a rise in concessions.

Seller concession 482

Seller concession Mortgages Loans Closing costs 482

Housing Wire

DECEMBER 9, 2024

After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. Whether youre looking to buy your first home, upgrade or simply gain clarity on the current market , this guide is your insiders playbook to tackle 2025 with confidence.

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

APRIL 30, 2024

In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price. I think the big the big shift here is what they laid down six months ago, allowing builders and sellers to cover some of those costs,” Cabe said.

Mortgages 441

Mortgages Closing costs Equity Construction 441

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.

Closing costs 105

Closing costs Closing Title search Title 105

Housing Wire

OCTOBER 4, 2022

“As a result, we’re bringing greater clarity to the process for consumers and professionals alike, and empowering loan officers and lenders to redirect their human resources away from manual tasks like researching closing fees and toward more complex functions like marketing, sales and customer service.”.

Title 448

Title Loan Officer Closing costs Closing 448

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal? After all, no property is perfect.

Inspection 459

Inspection Closing Closing costs Title search 459

HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 105

Closing costs Closing Title Sales 105

HomeLight

AUGUST 12, 2024

When selling a home in Colorado, understanding closing costs is important. Closing costs refer to the various fees and expenses that sellers typically incur to finalize the sale of their property. These costs include things like loan payoff amounts, real estate agent commissions, and more.

Closing costs 111

Closing costs Closing Principal Loans 111

Housing Wire

MARCH 1, 2021

But now that it’s all but certain we are coming into a true purchase market, the unknown and uncertainty that is the period prior to close will once again come under more scrutiny. With a purchase market, of course, comes higher production costs and weaker margins. Not just their sales processes.

Closing 318

Closing Title Marketing Title search 318

Housing Wire

MAY 20, 2024

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. The negotiation would continue until the parties agreed to the terms of the sale.

Purchase and sale agreement 460

Purchase and sale agreement Agents Seller concession Closing costs 460

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. The company was featured in HousingWire’s Tech 100 in 2022.

Pre-approval 381

Pre-approval Loans Closing costs Branding 381

Housing Wire

SEPTEMBER 15, 2023

“Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. Home prices not expected to fall Home prices are high due to competition among buyers for limited inventory in the market. Compared from a year earlier, pending sales dropped 18.1%.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Closing costs Sales 448

Housing Wire

MARCH 22, 2023

Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates. The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3%

VA loan 435

VA loan FHA loan Loans Mortgages 435

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. For real estate professionals, this option presents an opportunity to capture more sales. Yet staggeringly few are aware of its existence.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. million homes for sale, but in 2022 we got as low as 870,000 in total inventory. This is what we do in America.

Loans 544

Loans Banks Equity Bankruptcy 544

HomeLight

JULY 18, 2024

Selling your home is an exciting prospect, but many homeowners are surprised to learn just how expensive it is to finalize a sale. Sellers are on the hook for many closing costs that significantly affect their net proceeds when all is said and done. Closing costs for sellers in Tennessee typically is about 7% of the sale.

Closing costs 108

Closing costs Closing Agents Sales 108

Housing Wire

MAY 4, 2023

Rocket has been cutting expenses and targeting purchase business, but the firm was unable to achieve profitability in Q1 in a shrinking mortgage market. of their loan amount to put toward closing costs, helping defray upfront costs, the company said in April. “Looking at Q4 to Q1, we cut the operating loss in half.

Principal 418

Principal Closing costs Mortgages Closing 418

HomeLight

OCTOBER 25, 2023

Whether you’re buying or selling, you’re probably wondering how to avoid closing costs. They’re a pain no matter what side of the transaction you’re on; for buyers, they can add to an already expensive purchase ; for sellers, they take a sizable chunk out of the sale price of their home. Title and settlement fees.

Closing costs 119

Closing costs Closing Title Inspection 119

Housing Wire

FEBRUARY 19, 2021

5 tips for buying a home in a seller’s housing market. A homebuyer’s guide to a competitive housing market. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. Many lenders will re-check your credit just before closing on your loan. How much house can you afford to buy?

Loans 535

Loans Loan Officer Closing Closing costs 535

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 375

Closing costs Equity Agents Technology 375

Housing Wire

OCTOBER 22, 2024

The tool also does modeling of potential savings for homeowners by analyzing various interest rates , closing costs and repayment options. Sales leaders and executives can use the system to determine which LOs are using the product to find refis in their books, said Jeff Bell, the founder and CEO of Uplist. ”

Loan Officer 435

Loan Officer Loans Technology Closing costs 435

Housing Wire

OCTOBER 27, 2023

In response to the marketplace and at the urging of consumer advocates, NAR began to develop guidance for local MLS broker marketplaces as part of what always has been a very involved and public rule-making process aimed at creating the most consumer-friendly market possible. And who is hurt most by that proposition?

MLS 488

MLS Brokerage Agents Closing costs 488

Housing Wire

JULY 19, 2021

Using Xome’s Xpert Seller Program, servicers can help borrowers determine the best marketing strategy list and sell their homes. Once this path is determined, the servicer should be involved in assisting homeowners through the plan to exit forbearance, which may include the sale of their home.

MLS 448

MLS Equity Closing costs Sales 448