Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Appraisers’ jobs relate to analyzing the market and reporting what we have analyzed in a manner that is factual and not misleading.

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Housing Wire

JANUARY 16, 2023

Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market.

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. As inflation eases, so will long term mortgage rates.

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Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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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.

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Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates.

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Housing Wire

NOVEMBER 19, 2020

The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. year over year. A normal trend will eventually materialize. Don’t listen.

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Housing Wire

JUNE 25, 2023

The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Mortgage rates were again in a small range, hanging near 7%. Also, we must remember that even in 2021, when we had 3% mortgage rates, new listing data was trending at all-time lows.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. Existing home sales last month declined 5.9%

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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.

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Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. housing market. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S.

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Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

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Housing Wire

SEPTEMBER 24, 2023

Mortgage rates shot up last week after a hawkish Federal Reserve meeting, even though they didn’t raise rates. In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. The yearly high is 7.49%. 15: 61,852 Sept.

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

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Housing Wire

OCTOBER 10, 2023

CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 300 real estate and mortgage professionals. for the first time since 2007. He noted the benchmark 10-year Treasury yield edged 4.8%

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Housing Wire

SEPTEMBER 21, 2023

The other difference in this housing cycle is that credit is very normal, meaning everyone has to qualify for a home loan these days, so sales have real potential to get hard with rising mortgage rates. This happened after March 2022 when rates spiked faster than any other time in recent history. million has been a struggle.

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Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home.

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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.”

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Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I

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Housing Wire

JUNE 30, 2021

HW Community, Today we are thrilled to announce that HW Media has acquired Reverse Mortgage Daily (RMD) – the reverse mortgage industry’s premier independent source for news, commentary and analysis. A trend that can’t be ignored is our aging population and the impact on the housing market.

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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.

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Housing Wire

OCTOBER 18, 2022

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

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Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA).

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Yet, today’s housing market is nothing like the housing bubble of the mid-2000s. Prior to 2009, housing was overbuilt relative to demand.

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Appraisal Buzz

MAY 18, 2021

Economists dive into April housing market indicators and explain how today’s turbulent mortgage environment differs from that leading up to the 2007-2008 crash. The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded? The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded?

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Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. It’s going to take all of them. “It doesn’t just reappear,” Duncan said.

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Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

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Housing Wire

NOVEMBER 2, 2022

economic performance and persistent inflation, the Federal Reserve on Wednesday raised the federal funds rate by another 75 basis points, to 3.75%-4%, launching it to the highest level since December 2007. The decision, expected by most Fed observers and the financial markets, is intended to further slow down the housing market.

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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Mortgage rates started last week at 6.44% and fell to a low of 6.16% , then ended the week at 6.34%.

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Housing Wire

MAY 5, 2021

Mortgage professionals have their own stories to tell, their own goals to reach and their own set of skills to share. That’s why we’ve invited vice president of regional production at loanDepot Brian Covey to speak on a panel titled Building a Personal Brand at HousingWire’s virtual Engage Marketing event on June 17.

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Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. “The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said.

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Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. Today’s Fed decision will have an impact on the housing market. However, at Mortgage News Daily , mortgage rates were higher, at 6.98%.

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Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. Interest Rates.

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Housing Wire

JANUARY 24, 2022

billion hit the market in the first two weeks of 2022, HousingWire reported last week , but that’s already old news. Since then, another nine private-label residential mortgage-backed securities (RMBS) offerings valued at $4.6 And it’s likely that even more deals will come to market prior to month’s end. billion have unfolded.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

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