Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. million to 4.98 million in January 2019.

Housing Market 477

Housing Market Marketing Inventory Mortgage 477

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 Housing is the cost of shelter to own the debt; it’s not an investment.

Housing Market 540

Housing Market Marketing Inventory Sellers 540

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. We are not taking the unhealthy housing market theme off this marketplace.

Housing Market 513

Housing Market Marketing Inventory Realtors 513

Housing Wire

NOVEMBER 10, 2022

From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. Therefore, there were more housing sales in 1996 than there will be this year. Mortgage rates today are not much higher than they were then. This is something that housing industry leaders should be thinking about — carefully.

Mortgage 426

Mortgage Housing Market Lending Finance 426

Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong.

Housing Market 407

Housing Market Real Estate Agent Marketing Real Estate 407

Empire Appraisal Group

MARCH 14, 2024

Redfin: Boomers aging in place is ‘the driving force’ behind median homeowner tenure doubling since 2005 Source: [link] Over the past two decades, the median homeowner tenure has jumped from 6.5 In 2005, the median U.S. After climbing every year between 2005 and 2020, U.S. years to 11.9 homeowner tenure was 6.5

Property Taxes 78

Property Taxes Construction Housing Market Buyers 78

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Currently, we are in a much different housing recession than what we had from 2005-2011. The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

NOVEMBER 17, 2020

The Mortgage Bankers Association on Tuesday released revised estimates for the third and fourth quarter of 2020 as well as predicting record purchase volume for 2021. The rebounding economy is also likely to mean higher mortgage rates , with the MBA forecasting 2.9% trillion in 2005 — but sees refinances decreasing to $971 billion.

Mortgage 541

Mortgage Housing Market Marketing Real Estate 541

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. However, a cool-down in prices is not the same thing as a housing crash. We had a credit boom.

Housing Market 390

Housing Market Marketing Inventory Lending 390

Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report.

Mortgage 491

Mortgage Construction Inventory Housing Market 491

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Most people knew Frank as one of the nation’s premier housing economists,” said Robin Wachner, a CoreLogic spokesperson. Henry Wallich.

Real Estate 432

Real Estate Housing Market Insurance Mortgage 432

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. Over the years, I have tried to emphasize that the housing market in the U.S. can’t have a credit sales boom like we saw from 2002-2005.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

MARCH 31, 2022

The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble.

Housing Market 516

Housing Market Inventory Lending Marketing 516

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 489

Inventory Housing Market Construction Marketing 489

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. I have never believed in this concept because of how the housing market credit channels work.

Inventory 503

Inventory New Listings Housing Market Sellers 503

Housing Wire

AUGUST 31, 2023

Encompass Lending Group , a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Elite brings local market expertise which should help strengthen Fathom’s mortgage business in Texas, he added.

Finance 344

Finance Lending Retail Mortgage 344

Housing Wire

MAY 18, 2022

Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers. However, the sting of higher mortgage rates is hitting the single-family construction data, and the real story is that the housing completion data, which has been bad for a long time, is still terrible.

Mortgage 446

Mortgage Construction Contracts Housing Market 446

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. million homes, using the NAR data.

Inventory 539

Inventory Housing Market Mortgage Marketing 539

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. It is what it is: the housing dilemma we live with in America.

Construction 498

Construction Housing Market Inventory Marketing 498

Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. from 2002-to 2005, which led to forced credit selling.

Buyers 525

Buyers Housing Market Mortgage Marketing 525

Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. As you can see, sales levels were never elevated like what we saw from 2002-2005. Slow and steady wins the race.

Housing Market 389

Housing Market Inventory Construction Marketing 389

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. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. However, not to the degree we saw from 2005-2008. million listings.

Inventory 380

Inventory New Listings Law Housing Market 380

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. during the brief COVID-19 recession, to that recovery, and now in the new housing recession, is going to go down in history as one of those crazy data lines we lived through. Just to give you some perspective here, at the peak of 2005, we had about 2.24 above the August 2021 rate.

Construction 499

Construction Housing Market Marketing Business 499

Housing Wire

JANUARY 6, 2021

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond.

Housing Market 442

Housing Market Technology Marketing Mortgage 442

Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. However, higher mortgage rates make it harder and harder to pull some of those deals off. The question is, what happens in the future with higher mortgage rates?

Inventory 444

Inventory Construction Housing Market Marketing 444

Housing Wire

MAY 30, 2023

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. I also recently joined Mike Simonsen’s Top of Mind podcast to talk about what’s happened in housing over the past year. Since Nov.

Inventory 444

Inventory Housing Market New Listings Marketing 444

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. million homes, which would mean the madness in the housing market would be over.

Inventory 493

Inventory Housing Market Marketing Modernization 493

Housing Wire

OCTOBER 18, 2022

To say that mortgage lenders are facing challenging times would be a considerable understatement. The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded. The substantial increases this year present challenges in the mortgage sector, as the note rates produced can become illiquid if not hedged.

Mortgage 341

Mortgage Marketing Lending Finance 341

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Empire Appraisal Group

JUNE 2, 2022

Is FOMO Fueling the Real Estate Market? Source: Is FOMO Fueling the Real Estate Market? Housing markets continue to run hot, despite rising interest rates and home prices. Market fundamentals and the housing market. Florida Realtors. By Amber Randall. FORT LAUDERDALE, Fla.

Real Estate 78

Real Estate Marketing Housing Market Investors 78

Housing Wire

JULY 29, 2021

May’s 8% increase was the highest jump for that month since 2005, according to NAR. The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3%

Marketing 433

Marketing Buyers Realtors Real Estate 433

Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products. months of supply equals: 1.4

Inventory 529

Inventory Housing Market Construction Marketing 529

Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? This Q&A was originally hosted on June 1st. Ghost Supply 2.2

Training 387

Training Inventory Housing Market Real Estate Agent 387

Housing Wire

MARCH 23, 2022

Alanna McCargo, president of Ginnie Mae, announced the appointments during the National Association of Hispanic Real Estate Professionals conference that took place in Washington D.C. How Mortgage as a Service Levels the Playing Field for Minority and First-Time Homeowners. Presented by: Salesforce.

Law 298

Law Finance Government Retail 298

Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. million homes, which would mean the madness in the housing market would be over.

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

DECEMBER 22, 2020

housing market has outperformed expectations, I expected these upward trends to moderate. If we don’t end the year at 5,710,000 – 5,840,000 total existing home sales, it will be because COVID-19 temporarily paused housing activity. history all can facilitate unhealthy price growth if mortgage rates stay this low.

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Housing Wire

SEPTEMBER 28, 2022

We had a period this summer when mortgage rates moved from 6.25% back down to 5% and some of the new home sales activity picked up. million level we saw in 2005. However, it does show that the builders are in a much better spot to deal with their massive supply, compared to the 2005-2008 period.

Construction 449

Construction Sellers Inventory Housing Market 449