Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. regions recorded year-over-year decreases in contract signings. Economists predicted that pending home sales would drop by 4.0% in September. Year over year, the PHSI was down 31.0%, marking the 16 th consecutive month of annual drops. All four major U.S.

Contracts 525

Contracts New Listings Realtors Housing Market 525

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

Contracts 370

Contracts Inventory Housing Market Realtors 370

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Inventory 421

Inventory Contracts Buyers Realtors 421

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Existing home sales also fell in August, down 15.3% below the August 2022 level. The NAR’s Pending Home Sales Index fell to a reading of 71.8

Housing Market 479

Housing Market Contracts Government Buyers 479

Housing Wire

JANUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “We “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”

Contracts 421

Contracts Realtors Mortgage Buyers 421

Housing Wire

AUGUST 16, 2023

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. The average contract interest rate for 5/1 ARMs fell to 6.20% from 6.36% a week prior. For the week that ended August 11, mortgage applications fell 0.8% from 13.6% the week prior.

Mortgage 370

Mortgage Contracts Government Investors 370

Appraisal Buzz

OCTOBER 29, 2021

regions saw contract activity decline month-over-month and year-over-year, with the Northeast weathering the largest yearly drop. An index of 100 is equal to the level of contract activity in 2001. Each of the four major U.S. The Pending Home Sales Index (PHSI) decreased 2.3% in September. Year-over-year, signings decreased 8%.

Realtors 195

Realtors Contracts Appraisal 195

Appraisal Buzz

JANUARY 27, 2022

regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. All four major U.S. The Pending Home Sales Index (PHSI) fell 3.8% in December. Year-over-year, transactions decreased 6.9%. The post Housing Market Sees a 3.8%

Housing Market 195

Housing Market Contracts Marketing Realtors 195

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If All four major U.S. to a reading of 71.0.

Contracts 397

Contracts Realtors Inventory Marketing 397

Appraisal Buzz

SEPTEMBER 29, 2021

The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% An index of 100 is equal to the level of contract activity in 2001. Year-over-year, signings dipped 8.3%.

Contracts 195

Contracts Realtors Inventory Buyers 195

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. An index of 100 is equivalent to the level of pending sales in 2001. After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February.

Inventory 500

Inventory Contracts Housing Market Buyers 500

Appraisal Buzz

JULY 27, 2022

An index of 100 is equal to the level of contract activity in 2001. “Contract signings to buy a home will keep tumbling. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales Index (PHSI) dipped 8.6%

Contracts 195

Contracts Realtors Appraisal 195

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). year over year.

Inventory 432

Inventory Realtors Contracts Construction 432

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. Pending home sales have now fallen in 11 of the last 12 months. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines. In recent weeks, however, mortgage rates have dipped back into the 6.0%

Realtors 384

Realtors Contracts Buyers Mortgage 384

Housing Wire

AUGUST 4, 2022

Veros, in business since 2001, provides services for automated valuations, fraud and risk detection, portfolio analysis and forecasting. Veros also signed an appraisal management services contract with the VA in 2019. The post Veros acquires appraisal management company Valligent appeared first on HousingWire.

Appraisal 410

Appraisal Valuation Real Estate Technology 410

Housing Wire

OCTOBER 26, 2022

The survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16% last week, the highest level since 2001. Rates for jumbo loan balances (greater than $647,200) went to 6.53% from 6.31% in the same period.

Mortgage 381

Mortgage Retail Contracts 381

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Marketing 441

Marketing Buyers Realtors Real Estate 441

Housing Wire

JUNE 10, 2022

Founded in 2001 by Jeff Douglas, Wyndham positioned itself as a fintech-focused mortgage lender with a proprietary software system that allows the company to close loans 20% faster than the national average. As the market contracts, originators Interfirst Mortgage Co.

Mortgage 397

Mortgage Loan Officers Retail Contracts 397

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7%

Buyers 421

Buyers Mortgage New Listings Real Estate Agent 421

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the strong monthly increase, pending home sales are down 24.1% compared to a year ago. in 2023 and 5.4%

Housing Market 432

Housing Market Realtors Contracts Buyers 432

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Taking a step back, pending home sales remain at a relatively low level, and despite this month’s setback, new home sales have climbed convincingly (+22.5%) above last summer’s lows. The NAR’s Pending Home Sales Index climbed to a reading of 76.8

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 370

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Interfirst’s ability to grow rapidly in a low-rate, refi environment but then struggle and contract when the market turns could be seen as a cautionary tale, even in an industry as cyclical as mortgage.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

DECEMBER 28, 2023

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 one month ago.

Realtors 458

Realtors Contracts Mortgage Marketing 458

McKissock

APRIL 28, 2021

This trend has been on the rise since 2001 when only 69% of buyers used a real estate agent. . Add a home inspection contingency clause to the contract as well for further peace of mind. . You know what your buyers can afford, and you understand how to read contracts. Know Their Problems — and Solve Them. Have Patience.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 421

Contracts Inventory Construction Realtors 421

Appraisal Today

AUGUST 18, 2023

percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16 The average contract interest rate for 5/1 ARMs decreased to 6.20

Appraisal 73

Appraisal Contracts Inspection Real Estate 73

Appraisal Today

DECEMBER 2, 2022

I remember meeting George Harrison shortly after I moved to San Antonio in 2001. I did my Appraisal Today National Conference from 2001 to 2006 and learned a lot about doing national appraisal conferences. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57 percent from 0.6

Appraisal 79

Appraisal Agents Real Estate Real Estate Agent 79

Housing Wire

AUGUST 3, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Buyers 504

Buyers Inventory Realtors Contracts 504

Appraisal Today

MARCH 31, 2023

Residential Property Mortgage Origination Report, which found that total originations fell 24% from the third quarter — the seventh consecutive quarterly decline — and 55% from a year earlier, the largest annual decline since at least 2001. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.56

Appraisal 52

Appraisal Contracts Inspection Clients 52

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40 The average contract interest rate for 15-year fixed-rate mortgages increased to 4.62

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

AUGUST 24, 2023

This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

APRIL 20, 2022

According to the agency, a “soft-landing” – when inflation subsides without economic contraction – is possible, but historically such an outcome is an exception, not a norm. The unemployment rate is expected to reach 6% at some point in 2024, a change similar in magnitude to the 1990 and 2001 recessions.

Technology 450

Technology Mortgage Contracts Real Estate 450

Appraisal Today

OCTOBER 28, 2022

percent, the highest rate since 2001. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200)increased to 6.53 percent from 6.94

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Appraisal Today

OCTOBER 7, 2022

Excerpts: Year Built: 2001. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.75 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 6.14 Lot Size: 0.06 percent from 6.52

Appraisal 52

Appraisal Contracts Architecture Housing Market 52