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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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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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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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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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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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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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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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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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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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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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

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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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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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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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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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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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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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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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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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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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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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

MARCH 14, 2025

has launched a new 1031 exchange service, allowing real estate investors to defer capital gains taxes when selling and reinvesting in like-kind properties. A 1031 exchange allows investors to reinvest proceeds from the sale of an investment property into another similar property without immediately incurring capital gains taxes.

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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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Housing Wire

MARCH 14, 2025

After all, a combined Compass and BHHS would have notched $318 billion in sales volume in 2023, according to RealTrends data, nearly double that of its closest rival, Anywhere Real Estate. According to Keith Robinson, co-CEO of NextHome , in a recent SubStack article , “Buffet is a fundamental investor.

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Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

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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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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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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

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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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 481

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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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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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

Housing Wire

JANUARY 8, 2025

After rock-solid careers of their own, they decided to combine their skills and their shared passion to help Chinese home buyers, sellers and investors navigate Southern Californias competitive real estate market, Real President Sharran Srivatsaa said in a statement. Theyve set the gold standard for service to the Chinese community.

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Brokerage Technology Agents Branding 397

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% Year-over-year, sales fell 7.3% (down from 4.12

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Sales Marketing Days on market Mortgages 482