Housing Wire

APRIL 23, 2021

Low mortgage rates and incredible buyer demand won out over pressure from soaring lumber prices in March as single-family new home sales rose 20.7% million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. This is the fastest sales pace since September 2006. .

Buyers 483

Buyers Housing Market Marketing Inventory 483

Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said.

Inventory 545

Inventory Housing Market Marketing Supply Chain 545

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%. As we can see below clearly, the market worsened before the job-loss recession happened.

Housing Market 512

Housing Market Marketing Inventory Realtors 512

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

Housing Market 390

Housing Market Marketing Inventory Lending 390

Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. The smart thing to do is go with the builder sentiment trend until it reverses, and most likely, we will need to see lower mortgage rates for that to happen.

Housing Market 502

Housing Market Marketing Construction Real Estate 502

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

SEPTEMBER 2, 2020

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. rate for a 30-year fixed mortgage has been under 3% since late July, as measured weekly by Freddie Mac. The average U.S.

Housing Market 546

Housing Market Marketing Realtors Mortgage 546

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

JANUARY 21, 2021

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. “ December housing rates hit 1,338,000 — up from November’s equally- impressive number of 1,195,000. . That’s up 27.8%

Construction 542

Construction Loan Officers Realtors Buyers 542

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Overall, annual mortgage origination levels are expected to be $2.8

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

AUGUST 1, 2022

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high. million in June from $1.56

Housing Market 357

Housing Market Marketing Inventory Technology 357

Housing Wire

APRIL 20, 2022

In the first article of this series, I discussed the argument for turning Fannie Mae and Freddie Mac into public utilities, which would result in more Americans having fair access to mortgage services. Without a national market, local supply and demand for mortgages could become unbalanced. million foreclosure filings.

Housing Market 408

Housing Market Marketing Lending Investing 408

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Housing Market 387

Housing Market Sellers Marketing New Listings 387

Housing Wire

JUNE 23, 2021

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Become a member today. Already a member?

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Housing Market Real Estate Agent Marketing Loan Officers 282

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 425

Mortgage Housing Market Lending Finance 425

Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

Inventory 411

Inventory Law New Listings Sellers 411

Housing Wire

NOVEMBER 16, 2020

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. rise in houses sold in the same timeframe – from 670 to 940. The post Why is the El Paso housing market so hot right now?

Housing Market 407

Housing Market Real Estate Agent Marketing Real Estate 407

Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. sides, however, the average market volume per agent is projected to come in at $1.44

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Agents Marketing Real Estate Housing Market 343

Housing Wire

OCTOBER 27, 2022

Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months? After the GDP report came out, the bond market rallied, sending yields lower, which some people were confused about. was in a recession.

Mortgage 542

Mortgage Housing Market Marketing Construction 542

Housing Wire

APRIL 1, 2024

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. Overall, U.S. homeowners held $31.8

Investing 386

Investing Buyers Mortgage Housing Market 386

Housing Wire

OCTOBER 12, 2022

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. According to Mortgage News Daily, the 30-year fixed rate mortgage on Tuesday was 7.14% on average. two weeks prior.

Mortgage 366

Mortgage Contracts Housing Market Marketing 366

Housing Wire

SEPTEMBER 26, 2023

“This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare. ”

Inventory 426

Inventory Housing Market Lending Buyers 426

Housing Wire

MARCH 12, 2024

The housing priorities outlined by the White House and President Joe Biden last week before and during the State of the Union address are crucial for alleviating a serious burden facing many Americans, and the plan emphasizes actions that can be taken to impact the current housing market.

Construction 329

Construction Housing Market Insurance Finance 329

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. Looking at housing this way, the last four decades make sense. The days on market were too low.

Inventory 535

Inventory Housing Market New Listings Marketing 535

Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4% in May from a revised 20.4%

Inventory 346

Inventory Home Value Housing Market Mortgage 346

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 488

Inventory Housing Market Construction Marketing 488

Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

Inventory 433

Inventory Housing Market Realtors Marketing 433

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

SEPTEMBER 7, 2022

The data and analytics firm singled out mortgage rates, which were around 5.5% Following June’s surge in mortgage rates and the resulting dampening effect on housing demand, price growth is taking a decisive turn,” said Selma Hepp, interim lead of the Office of the Chief Economist at CoreLogic. “And by July 2023.

Housing Market 393

Housing Market Mortgage Marketing Real Estate 393

Housing Wire

MAY 6, 2021

For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS. Despite consistent forecasts of a market with rising rates, the 30-year fixed rate mirrored more closely numbers borrowers saw back in February.

Mortgage 447

Mortgage Construction Inventory Marketing 447

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

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February.

Inventory 388

Inventory New Listings Housing Market Mortgage 388

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

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. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” Confused by this?

Inventory 502

Inventory New Listings Housing Market Sellers 502

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 431

Real Estate Housing Market Insurance Mortgage 431

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The latest forecast also projects total mortgage origination activity at $1.6 The mortgage market is projected to slip further to $1.3 from a year ago. .

Contracts 414

Contracts Modernization Housing Market Mortgage 414

Housing Wire

MAY 24, 2023

At HousingWire Annual 2023, we aren’t vibe-checking the housing market. We’re bringing all the cutting-edge housing knowledge that today’s professionals need based on data. Register today to catch Simonsen on stage as he answers the question, “How’s the market?” Simonsen founded Altos Research in 2006.

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Real Estate Housing Market Marketing Mortgage 271