Housing Wire

SEPTEMBER 25, 2024

The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped significantly in the ensuing six months, according to a CoreLogic report released Wednesday. Investor purchases began to decline in March 2024 and by June represented 23.4% home sales.

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Investor Sales Staging Equity 476

Housing Wire

JANUARY 14, 2025

Fast Company reported the move last week, describing it as a “fire sale” based on multiple unnamed sources. Over a four-year period, the startup received $400 million in venture capital from several investors, including Andreessen Horowitz and Tiger Global Management.

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Sales Equity Investor Marketing 366

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC.

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Investor New Construction Construction Loans 448

Housing Wire

FEBRUARY 14, 2024

Real estate investors purchased 26.1% of the lowest-priced homes for sale in the U.S. By comparison, investors purchased 13.6% As mortgage rates and home prices have remained elevated across the board, investors have mirrored consumer homebuyers and have shifted their focus toward more affordable homes. a year earlier).

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Investor Sales Agents As-is 521

Housing Wire

OCTOBER 23, 2024

The state more broadly saw precipitous drops in new pending home sales, and the western coast of Florida experienced the sharpest declines. In the week following the hurricane, new pending home sales in the Port Charlotte area dropped by 70.7%, while Cape Coral (52.7%), Tampa (59.5%) Sarasota (66.7%) also cratered.

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Investor Sales Closing Marketing 459

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Those purchasing with cash — more than 40% of the 10,000 pre-foreclosure sales analyzed — bought at an average discount of 25%.

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Bankruptcy Equity Hard money loan Finance 448

Housing Wire

SEPTEMBER 25, 2024

Despite all the external factors cooling down overall home sales – high interest rates, less spending power among residents, lack of inventory— real estate transactions are still hot in certain key areas. Despite reported stagnated sales and slow growth in inventory, why are these specific Sunbelt areas still considered attractive for buyers?

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Investor New Construction Construction Residential 448

Housing Wire

MAY 22, 2024

Online real estate auction marketplace Xome is launching a DIY sales platform for investors. It also enables consumers and investors to buy and sell properties online through its auction platform. Investors are looking for options when it comes to buying or selling a home, and they want to be more in control of the process.

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Housing Wire

MARCH 20, 2025

fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. As flipping activity slowed, the share of flips among all home sales also dipped from 8.1% flips per investor.

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FHA loan Investor Finance Renovation 323

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

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Investor Lending Equity Mortgages 468

Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. Bloomberg first reported on the buyers’ names based on anonymous sources.

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Investor Mortgages Banks Principal 476

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. In 2023, the landscape for home flipping across the U.S.

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Investor Marketing Construction Loans 482

Housing Wire

AUGUST 22, 2024

How did existing home sales grow with all the recent negative press about demand? First, we have to put context into the bounce: we are working from the lowest levels ever in home sales, so any small, minor move in purchase application data can bounce sales from here. Year-over-year, sales fell 2.5% (down from 4.05

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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.

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Brokerage Finance Investor Agents 433

Housing Wire

DECEMBER 9, 2024

Residential sale-leaseback platform EasyKnock has abruptly shut down its operations after facing scrutiny from state regulators and being under fire from disgruntled consumers. After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. In 2018, the company raised $3.5

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Equity Investor Residential Closing 370

Housing Wire

APRIL 7, 2025

Following investor pressure from hedge funds D.E. The vertical will get its own dedicated sales force in 2025. Shaw and Third Point , CoStar Group , the parent company of Homes.com , is making changes to its board of directors as it looks to put Homes.com on the path toward profitability.

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Branding Investor As-is Agents 377

Housing Wire

MARCH 20, 2024

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

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Investor Residential Agents MLS 482

Housing Wire

FEBRUARY 18, 2025

Real estate marketplace Redfin released a report on Tuesday that included county-level sale records for homes purchased between January 2014 and December 2024. Redfin attributes the decline in cash purchases to a smaller share of real estate investors in the marketplace. That was the highest volume dating back to 2014.

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Investor Sales Mortgages Marketing 342

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. Would you say that the majority of these are smaller investors? This interview has been edited for length and clarity.

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Residential Lending Finance Banks 358

Housing Wire

FEBRUARY 3, 2025

The hits keep coming for now-defunct residential sale-leaseback platform EasyKnock. As recently as a year ago, the New York-based firm closed a $28 million Series D funding round from new and existing investors, including Gaingels, Moderne Ventures, QED Investors and Zillow co-founder Spencer Rascoff.

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Lending Equity Investor Residential 392

Housing Wire

DECEMBER 15, 2024

Fix-and-flip investors took a hit in the third quarter of 2024 as flipped properties accounted for a smaller share of U.S. home sales compared to the previous quarter. Short-term real estate investors saw a 28.7% Home Flipping Report from Attom reviewed sales deed data. return on investment (ROI), down from 31.2%

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Investor Marketing Renovation Sales 370

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. from November but up 10.2% months in Nov.

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Sales Days on market Mortgages Lending 541

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.

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Proof of funds Equity Technology Banks 370

Housing Wire

APRIL 4, 2025

The Nunez Group , a real estate team with more than $123 million in sales last year, has officially joined Keller Williams City Views , the company’s Fort Lee, New Jersey -based market center. In 2024, the 14-agent team closed 265 units with a total sales volume of $123.4

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Investor Development Agents Sales 366

Housing Wire

APRIL 25, 2024

Pending home sales increased by 3.4% Sales were essentially flat compared to one year ago. NAR’s Pending Home Sales Index increased to 78.2 New-home sales jumped by 8.8% New-home sales jumped by 8.8% Meanwhile, existing-home sales receded by 4.3% million home sales in 2024, a 9% increase from 2023.

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Sales MLS Equity Investor 482

Housing Wire

MARCH 21, 2024

Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? This year, we’ve had eight positive purchase application reports and the sales were spread out over two months — last month and this month.

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Sales Mortgages Days on market Investor 508

Housing Wire

FEBRUARY 21, 2024

But 2024’s deals show investor interest has persisted. A small but growing sector Cushman & Wakefield notes build-to-rent homes have become “increasingly attractive to the investment community,” with sales of build-to-rent communities reaching $3 billion in 2022. billion in sales is still 40% above 2019 levels.

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Investor Construction Commercial Sales 493

Housing Wire

JUNE 21, 2024

Low levels of for-sale inventory, high mortgage rates, and record-high home prices continue to hamper existing-home sales. According to the May 2024 existing-home sales report from the National Association of Realtors (NAR), sales volume fell 2.8% At the current monthly sales pace, the market holds 3.7 from April.

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Sales Investor Mortgages Marketing 435

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. 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.

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Sales Mortgages Closing Investor 459

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.

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Sales Development Lending Loans 445

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. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022.

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Sales Finance Investor Marketing 505

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. Purchase apps look out 30-90 days before they hit sales data.

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Sales Days on market Mortgages Investor 493

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%

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Sales Construction Investor As-is 493

Housing Wire

FEBRUARY 1, 2025

HomeLight notes that this is becoming more common for existing-home sales. HomeLight also highlighted an increase in cash-only purchases as a factor that’s keeping first-time buyers away from the market, as they must compete with all-cash buyers and real estate investors.

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Purchase and sale agreement Mortgages Agents Brokerage 482

Housing Wire

NOVEMBER 21, 2023

Has the epic crash in existing home sales finally found a workable bottom to rise from? That created three months of positive purchase application data and gave us one of the most significant month-to-month sales prints ever recorded in history: from 4 million to 4.55 Year-over-year, sales tumbled 14.6% (down from 4.44

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Sales Days on market Mortgages Investor 488

Housing Wire

APRIL 24, 2025

” Unconventional borrower attitudes Deephaven Mortgage ‘s chief sales officer Tom Davis said that the company continues to “fight the good fight” while dealing with headwinds. “Look at the investor space: 25% of transactions last year were investor transactions. .

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Investor Loan Officer Mortgages Loans 339

Housing Wire

DECEMBER 9, 2024

We know sales are inching up, too. Anecdotally, Im hearing about home sales picking up in November. Notice how basically every year over the last decade, we had fewer and fewer homes for sale. Interestingly, the growth in available supply of homes for sale in the last three years came from weaker demand.

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Marketing Sales As-is Mortgages 418