Housing Wire

NOVEMBER 4, 2024

Home sales are significantly better than they were last year at this time. 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. That’s where we are right now.

Sales 396

Sales Staging Mortgages Closing 396

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. Sieffert added that Fiore’s successor has been selected. “At

Finance 482

Finance Sales Equity Mortgages 482

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 511

Construction Residential Sales Mortgages 511

Housing Wire

OCTOBER 24, 2024

“As you get closer to that (foreclosure) sale date, your options are limited … If you’re going to call me three days prior to sale date, your options are going to be very limited.” Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – expanded 3.4%

Mortgages 493

Mortgages Finance Sales As-is 493

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. Simonsen noted that the 60,000 pending sales of single-family homes are down 3% year over year even as the 639,000 homes available for purchase are up 28%.

Mortgages 484

Mortgages Sales Finance Closing 484

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. The product uses a purchase price guarantee (PPG) to eliminate the need for a sales contingency — a real estate purchase agreement that makes the sale of a property contingent on the buyer’s ability to sell their current home.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.

Loans 396

Loans Mortgages Finance Lending 396

Housing Wire

OCTOBER 15, 2024

Similar to other lending discrimination cases, the CFPB and the DOJ accuse Fairway of redlining as the company allegedly discouraged people from majority-Black neighborhoods from applying for mortgages, including through its marketing and sales actions. That was down 18% year over year, per Inside Mortgage Finance estimates.

Lending 468

Lending Loan Officer Loans Mortgages 468

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. At the same time, the company’s chief retail sales officer elected to voluntarily leave FOA, according to company president Kristen Sieffert. This is according to a company filing with the Securities and Exchange Commission (SEC) reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Finance 459

Finance Investor Mortgages Equity 459

Housing Wire

NOVEMBER 15, 2024

That’s right, there are Black Friday home sales! But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing. The discounts come as homebuilders’ confidence in the market remains muted.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 487

Sales New Construction Construction MLS 487

Housing Wire

JANUARY 28, 2025

Dunmor CEO Franck Ruimy spoke with HousingWire ‘s Sarah Wolak on why he anticipates 2025 will be a strong sales year, and he highlighted the recent growth for the business-purpose lending (BPL) sector. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. He noted that despite a national slowdown in home sales , St. Louis continues to see multiple offers on good houses.

Debt-to-income ratio 431

Debt-to-income ratio Loans VA loan FHA loan 431

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

OCTOBER 28, 2024

The New York Times reported that Richard Ferrari, who previously managed Douglas Elliman’s brokerage sales and operations in New York and the Northeast, has been named CEO of Douglas Elliman Realty. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times.

Brokerage 434

Brokerage Finance Investor Agents 434

Housing Wire

JANUARY 6, 2025

While some homeowners are looking to cash in on the equity they’ve built up since the pandemic, these same increases in property values are driving up the number of home sales that the capital gains tax would be applied to. The share of home sales subject to the tax has more than doubled in the past few years.

Sales 397

Sales Equity Finance Development 397

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. In March the average home sale price in the U.S. 2 (1,574 sales), with San Antonio at No.

Sales 468

Sales New Construction Construction Finance 468

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. million in March.

Sales 505

Sales Finance Investor Marketing 505

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

JULY 30, 2024

The Chicago -based mortgage lender announced Tuesday that it’s bringing on Daniel Manginelli to lead its sales coaching program, which is designed to help mortgage professionals implement best practices and improve performance. He’s worked in sales and managerial roles, and has authored two books, during his more than 35-year career.

Sales 448

Sales Mortgages Loans Finance 448

Housing Wire

FEBRUARY 14, 2025

” The GSE financed approximately 420,000 units of multifamily rental housing in 2024 Outlook for 2025 Halley ended the earnings call by touching on Fannie’s current economic outlook. As a result, mortgage rates are expected to remain elevated at above 6%, and we predict home sales will remain suppressed.

Mortgages 354

Mortgages Loans Lending Sales 354

Housing Wire

DECEMBER 30, 2024

In the last few months, the market finally saw some sales growth over the previous year. Theres another set of sellers that we call immediate sales. There were only 5,000 immediate sales this week. Total pendings increase When we look at sales volumes, there are 269,000 single-family homes under contract.

Marketing 543

Marketing Sales Mortgages As-is 543

Housing Wire

JULY 18, 2024

trillion in existing-home sales, NAR reported. According to a report released this week by the National Association of Realtors (NAR), foreign buyers purchased the fewest number of existing U.S. homes for any year on record since 2009. From April 2023 through March 2024, they accounted for only 2% of the $2.1

Finance 448

Finance Investor Banks Residential 448

Housing Wire

JUNE 14, 2024

Incenter Lender Services, a Philadelphia -based family of companies that works with nonbank and depository lenders across the country, announced this week that it has promoted Shelley Duffy to the role of executive vice president of national sales. Duffy first joined Incenter in February 2022 as its senior vice president of national sales.

Sales 447

Sales Development Lending Loans 447

Housing Wire

NOVEMBER 13, 2024

The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings.

Pre-approval 418

Pre-approval Mortgages Loans Finance 418

Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

Technology 468

Technology Sales Pre-approval MLS 468

Housing Wire

MARCH 5, 2025

Pending home sales hit a record low in January, aside from the immediate aftermath of the COVID-19 pandemic. High interest rates: While many investors pay in cash, some rely on financing to cover flipping and operational costs. billion in Q4 2024, mirroring the increase in home sale prices over the same period.

Investor 354

Investor Finance Marketing Sales 354

Housing Wire

JULY 24, 2024

Census Bureau ’s new-home sales report for June, which shows the level of transactions falling to a seasonally adjusted annual rate of 617,000. month over month, and it’s the second month in a row that the pace of home sales has fallen. The drop in sales is causing a rapid rise in unsold inventory. That’s according to the U.S.

Sales 459

Sales Construction Mortgages Marketing 459

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

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Sales 501

Sales Mortgages Industrial Marketing 501

Housing Wire

NOVEMBER 26, 2024

The Case-Shiller data for September showed some similarities to the quarterly home-price dataset released Tuesday by the Federal Housing Finance Agency (FHFA). months of supply at the current sales pace. At the other end of the spectrum, the formerly red-hot market of Denver posted the smallest year-over-year price gain at 0.2%.

MLS 370

MLS Finance Sales Marketing 370

Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Mortgages Finance 397

Housing Wire

MARCH 11, 2025

We’re going to be able to provide so much value to our partners and we’re going to give our partners and loan officers something nobody has and step out into the future here,” said Craig Snell, vice president of sales at Milestone. “Our goal is to be No. That’s what it’s always been.”

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

JANUARY 28, 2025

The Federal Housing Finance Agency s House Price Index posted a similar increase in November, jumping 4.2% Tampas decline is the first annual drop for any market in over a year. Returns for the Tampa market and entire Southern region rank in the bottom quartile of historical annual gains, with data going back to 1988.

Finance 395

Finance Marketing Mortgages Sales 395