An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.

Trulia: Winter sun brings out the home seekers

Sunbelt markets see more searching despite winter doldrums

Trulia (TRLA) finds that January and February search activity is 2% above the annual average, rising to 10-15% above the annual average in the peak months from March to July.

That’s the latest word from Jed Kolko, chief economist at Trulia.

Here’s a taste of what he found.

The housing season starts earliest on Florida’s west coast. In January and February, home search activity is 22% above the local annual average in Cape Coral-Fort Myers and 17% above in North Port-Sarasota- Bradenton. Three other Florida metros and the Arizona metros of Phoenix and Tucson are also in the top ten. All but Kansas City are in the Sunbelt.

In several smaller metros as well, January/February search activity is 15% or more above the local annual average. All are in Florida, including Punta Gorda, Naples, Ocala, and Port St. Lucie. In the Sunshine State, the early-bird special isn’t just for dinner – it’s also for housing.

The metros where winter home searches are slowest relative to the annual average are in upstate New York (Syracuse, Buffalo, Rochester), New England (Cambridge-Newton-Framingham, Hartford), and the cooler, wetter winter markets on the Pacific (Seattle, San Francisco). Honolulu and Houston are on the list of metros that wake up later, too. But the dips are just in the mid-to-low single digits. No markets are as far below the annual average for home search activity in January and February as the west coast of Florida is ahead. 

For the full report, click here.

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please