Housing Wire

JANUARY 26, 2023

New home sales increased in December — a sign that new residential sales have continued to rebound in recent months. Last month, new home sales increased by 2.3% In addition, the median sales price of new houses that were sold in December dropped to $442,100, and the average sales price dipped to $528,400.

Sales 412

Sales Residential Construction New Construction 412

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 442

Agents Sales Residential Commercial 442

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 443

Sales Construction Mortgages Staging 443

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 417

Sales Marketing Construction Residential 417

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

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 508

Sales Mortgages Short sale Principal 508

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

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 496

Purchase and sale agreement Sales Agents Design 496

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 406

Residential Construction Sales Mortgages 406

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 404

Sales Mortgages Lending Residential 404

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 353

Lending Sales Commercial Loans 353

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 421

Construction Residential Sales Mortgages 421

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 319

Sales Residential Branding Brokerage 319

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 342

Sales Loan Officer Mortgages Development 342

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 503

Mortgages Residential Sales Loans 503

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

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 315

Sales Equity Residential Technology 315

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 380

Sales Title Residential Development 380

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 407

Marketing Residential Construction Sales 407

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 377

Mortgages Residential Construction Lending 377

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 426

Lending Mortgages Residential Loans 426

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 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

MAY 13, 2021

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. The challenge is that the sales data you’re looking at is dated,” said Shawn Telford, chief appraiser at CoreLogic. over the list price.

Marketing 524

Marketing Residential Sales Closing 524

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 416

Brokerage Residential Commercial Development 416

Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). There are other dynamics at play for some of these companies, however.

Mortgages 475

Mortgages Fixed-rate mortgage Banks Residential 475

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 486

Construction Residential New Construction Finance 486

Housing Wire

SEPTEMBER 17, 2021

metropolitan areas and includes all residential properties. In August, home sales dropped 3.5% Still, August 2021 home sales were still up 0.6% The metros with the greatest increase in year-over-year sales percentage were New York (55.1%), Honolulu (37.3%) and Las Vegas (12.5%). The report analyzes MLS data from 51 U.S.

Marketing 511

Marketing MLS Title Sales 511

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 382

Brokerage Residential Branding Mortgages 382

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 354

Residential MLS Investor Agents 354

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Short sale 508

Short sale Mortgages Sales Residential 508

Housing Wire

APRIL 16, 2024

9, 2022 , a critical recessionary data line changed as mortgage rates fell, new home sales grew, builders bought down rates and the cycle moved on. As we can see below, recessions traditionally don’t start until residential construction jobs are lost. Residential workers fall before the recession as higher rates bite.

Construction 448

Construction Residential Mortgages As-is 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 358

Principal Residential Development Sales 358

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 386

Residential Sales Closing As-is 386

Housing Wire

SEPTEMBER 19, 2023

Prior to Alterra Home Loans — where Ospina spent five years starting out as a branch manager in 2018 — he was a sales manager at Paramount Residential Mortgage Group and loan originator at MLB Residential Lending.

Loans 421

Loans Lending Residential Mortgages 421

Housing Wire

JUNE 18, 2024

Redy , an online marketplace that rewards home sellers for selecting a real estate agent who best aligns with their sales goals, announced its launch in five markets on Tuesday. “For the first time, sellers get paid cash to pick an agent; as a result, agents are directly invested in the sale,” Altman said in a statement.

Agents 458

Agents Residential Sales Industrial 458

Housing Wire

JULY 6, 2022

In summer of 2021, Sprout announced plans to set up a distributed retail operation, with plans to grow its retail channel through increased direct sales to consumers and residential investors, dedicated brick-and-mortar, and joint ventures. A spokesperson for the company did not immediately respond to a request for comment.

Mortgages 511

Mortgages Investor Loans Residential 511