Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. On a year-over-year basis, pending sales were up 1.3%.

Contracts 448

Contracts Housing Market Construction Inventory 448

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. However, rising mortgage rates and limited inventory have temporarily hindered the possibility of buying for many.” However, rising mortgage rates and limited inventory have temporarily hindered the possibility of buying for many.”

Inventory 403

Inventory Contracts Buyers Realtors 403

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 344

Mortgage Loan Officers Lending Retail 344

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In addition, NAR forecasts that mortgage rates will drop to 6.0% year over year. in 2023 and 5.6% year over year in 2023 to 1.44

Inventory 398

Inventory Realtors Contracts Construction 398

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory continues to prevent housing demand from being fully realized.” Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It

Contracts 323

Contracts Inventory Housing Market Realtors 323

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. For others, the higher mortgage rates and general economic uncertainty are simply making them more cautious.”

Housing Market 428

Housing Market Contracts Government Buyers 428

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Top markets for affordable renovated housing inventory.

Inventory 414

Inventory Renovations Contracts Buyers 414

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 ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3% Mortgage applications increased 5.7% rise from a year ago. .

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Marketing Buyers Realtors Real Estate 433

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The trade association forecasts the 30-year fixed mortgage rate to close at 6.4% With consumer price inflation calming close to the Federal Reserve’s desired conditions, mortgage rates look to have topped out,” Yun added. this year and then decline to 6.0%

Construction 349

Construction Inventory Realtors Housing Market 349

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

Inventory 381

Inventory New Listings Law Housing Market 381

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 year over year in 2022, to 5.19 million units.

Contracts 344

Contracts Realtors Inventory Marketing 344

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

AUGUST 23, 2023

Bad news for mortgage professionals: not only are mortgage rates at their highest level in over two decades, they might not drop anytime soon. On Wednesday morning, the 30-year fixed mortgage rate was 7.29% at HousingWire’s Mortgage Rates Center and 7.49% on Mortgage News Daily. But it would require the U.S.

Mortgage 362

Mortgage Loan Officers Inventory Housing Market 362

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage 367

Mortgage Property Taxes Investors Buyers 367

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. The MBA expects mortgage rates should begin to reflect that the Fed’s moves in 2024 will be cuts – not further increases. in 2024 and 5.1% in 2024, up from the 4.6%

Real Estate 380

Real Estate Mortgage Buyers Inventory 380

Housing Wire

JUNE 8, 2023

It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% Other indexes show mortgage rates even higher. for the third consecutive week. ”

Mortgage 381

Mortgage Investors Inventory Housing Market 381

Housing Wire

APRIL 29, 2021

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. relates to a baseline of 100 that the NAR put together in 2001. “By An index based on 2001 figures shows historic shifts in population. What is this index?

Contracts 414

Contracts Inventory Construction Realtors 414

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Varies widely around the country. == Mortgage applications decreased 0.8 August 16, 2023) — Mortgage applications decreased 0.8 August 16, 2023) — Mortgage applications decreased 0.8 Just over 8% of U.S.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Housing Wire

JULY 21, 2022

This shift in foreclosure auction buyer behavior was likely the result of rising mortgage rates, which increased above the 4% threshold in March and have since risen well above 5%, approaching 6%. That’s still strong demand by historical standards, a function in part of the low inventory of properties available at foreclosure auction.

Housing Market 391

Housing Market Buyers Marketing Retail 391

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. In addition, according to the NAR 2021 Profile of Home Buyers and Sellers report , 87% of buyers who recently purchased homes did so through a real estate agent or broker, up from 69% in 2001.

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Real Estate Agent Real Estate Agents Brokerage 382

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

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Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. in 2001 to 44.8% The need for change in current mortgage underwriting guidelines.

Insurance 373

Insurance Construction Government Lending 373

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. bath , 5546 sq.

HOA 36

HOA Transportation Construction Buyers 36

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). As home prices increase over time, it lowers the loan value of any mortgage debt. The biggest challenge right now is the low inventory.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

DECEMBER 12, 2023

It was a year of gyrating mortgage rates and stubbornly high home prices. Mortgage rates rose and rose again to more than 8% but have since mercifully fallen by nearly a percentage point. Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. for your yacht or seaplane (no joke!).

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

AUGUST 9, 2021

million housing units since 2001. The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. An owner’s mortgage servicer may receive the card; check with the servicer or contact the Assessors Office website for the assessed value.). million to 6.8

Construction 36

Construction Inventory Property Taxes Development 36