Housing Wire

OCTOBER 24, 2024

With new-home sales growing since 2022, why are housing starts at recessionary levels? We had no growth in residential construction work hiring earlier in the year when rates were higher. I recently raised this concern about housing construction and new home sales in an interview on CNBC. Then mortgage rates fell from 7.5%

Sales 488

Sales Construction Mortgages Residential 488

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first. months at the current sales rate. This represents a supply of 9.1

Sales 497

Sales Marketing Construction Residential 497

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

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

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 447

Lending Sales Commercial Loans 447

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. Florance said.

Sales 439

Sales Residential Branding Brokerage 439

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. From NAR: Total existing-home sales waned 7.7%

Sales 531

Sales Mortgages Short sale Principal 531

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

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. In late April, Jeff Wilkish joined loanDepot after seven years at Movement Mortgage.

Sales 446

Sales Loan Officer Mortgages Development 446

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

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

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. The plaintiffs allege that the defendants’ scheme was “so widespread that it has caused harm to the goodwill of each prospective class member and the residential real estate agency (and brokerage) business as a whole.” 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

SEPTEMBER 15, 2023

A mortgage industry veteran with over three decades of experience, Saso was previously a divisional sales manager at Nations Lending. In his role as chief production officer, Saso will be responsible for overseeing sales on a national level.

Sales 448

Sales Mortgages Lending Residential 448

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

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.

Construction 511

Construction Residential Sales Mortgages 511

Housing Wire

DECEMBER 11, 2023

Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office. We will continue to protect consumers, especially in the housing sector.” EasyKnock, which is led by Jared Kessler, did not immediately return a request for comment.

Sales 429

Sales Equity Residential Technology 429

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.

Sales 448

Sales Title Residential Development 448

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

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 493

Lending Mortgages Residential Loans 493

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 464

Residential MLS Investor Agents 464

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

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.

Mortgages 516

Mortgages Residential Sales Loans 516

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 447

Lending Residential Technology Commercial 447

Housing Wire

OCTOBER 22, 2021

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. By state, the share of investor purchases among all home sales increased year-over-year in Q2 2021 in all state and Washington, D.C. of the market.

Investor 545

Investor Residential Sales Marketing 545

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

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

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.

Principal 435

Principal Residential Development Sales 435

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. In 2023, the team was ranked No. 1,255 among small real estate teams in California, according to the RealTrends Verified rankings. The team recorded $24.1

Commercial 446

Commercial Residential Construction Technology 446

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

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. Why is this happening?

Construction 535

Construction Residential New Construction Finance 535

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. Greene began his tenure at CoreLogic in 2016, where he held key roles in strategic leadership and sales capacities. Greene is also a former real estate broker/owner and a U.S.

Industrial 448

Industrial MLS Residential Development 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 The nation’s most expensive neighborhood — Atherton, California — saw its median sale price jump to $7.9 million this year.

Residential 448

Residential Sales Closing As-is 448

Housing Wire

FEBRUARY 20, 2024

According to Florance, Homes.com is now the second most-highly frequented residential portal behind Zillow , and well beyond Realtor.com ‘s 66 million monthly average unique visitors. Florance touted the productivity of his 1,000-plus agent sales team. 11, which generated 123 million impressions. “Our billion to $2.77

Commercial 447

Commercial Residential Branding Sales 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

AUGUST 23, 2022

That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. Fannie Mae’s Economic and Strategic Research Group expects total home sales to decrease 16.2% New homes sold at an annualized pace of 590,000 units in June, the lowest sales pace since April 2020.

Marketing 501

Marketing Loans Sales Mortgages 501

Housing Wire

AUGUST 15, 2024

On Wednesday, executives at UBS — which acquired Credit Suisse Group in June 2023 and became the ultimate parent company of SPS — reported the sale of the U.S. Fitch Ratings said in a report that SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000.

Investor 476

Investor Mortgages Banks Principal 476

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. Two of every three dollars made by the residential segment came from services for buyer agents.

Investor 482

Investor Residential Agents MLS 482