Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. Remember, the system is designed to keep home prices inflated.

Inventory 542

Inventory Law Housing Market Design 542

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. We are going to pursue the investor niche aggressively, meeting very specific realtors. I thought it was sparse.

Lending 355

Lending Real Estate Agent Loan Officers Retail 355

Housing Wire

OCTOBER 21, 2021

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 Also, 2020-2021 will have more home sales from mortgage buyers than any single year from 2008-2019. This looks perfectly normal to me.

Realtors 520

Realtors Buyers Mortgage Inventory 520

Housing Wire

MAY 24, 2022

Multiple crops per year: Move-up buyers and refinancing. Servicers of the ARM loan start calling them in 2008 for a locked rate or fixed, lower rate. Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. They happily accept 5.50% fixed.

Mortgage 423

Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

Inventory 458

Inventory Marketing Housing Market New Listings 458

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. There are just so many companies that have the objective of displacing the Realtor altogether.

Real Estate 346

Real Estate Realtors Brokerage Business 346

Housing Wire

MAY 18, 2023

From NAR : First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days. This is not, nor can it ever be, like 2008.

Housing Market 523

Housing Market Marketing Inventory Mortgage 523

Housing Wire

NOVEMBER 13, 2023

The same dynamics that are questioning the value [and costs] of a Realtor, regardless of which side of the transaction they are on, are going to lead to questions for all other things associated with buying a home.” It’s easy to see why Frasier is concerned.

Insurance 374

Insurance Real Estate Agents Real Estate Agent 374

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. Economics done right should be boring, and you always want to be the detective, not the troll.

Housing Market 512

Housing Market Marketing Inventory Realtors 512

Housing Wire

SEPTEMBER 19, 2023

Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. We’re hearing people imagine 8% mortgage rates. What’s happening?

Housing Market 400

Housing Market Marketing Inventory New Listings 400

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. from a year ago to $356,700, according to the National Association of Realtors. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9%

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

MAY 5, 2022

It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam. compared to the previous year, according to the California Association of Realtors.

Housing Market 366

Housing Market Marketing Inventory Buyers 366

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 Existing home sales ended 2021 on a more positive note as mortgage demand picked up toward the end of the year. This is well above my peak sales ranges for 2022, as the sales trend forecast was between 5.74 million and 6.16

Inventory 456

Inventory Housing Market Buyers Investors 456

Empire Appraisal Group

APRIL 7, 2023

30-Year Mortgages Dip Again, Hit 6.28% NEWS & MEDIA Winslow Productions / Getty Images Source: 30-Year Mortgages Dip Again, Hit 6.28% | Florida Realtors 30-Year Mortgages Dip Again, Hit 6.28% By Matt Ott It’s the fourth week of declines. The average long-term mortgage rate hit 7.08% in the fall – a two-decade high.

Mortgage 78

Mortgage Realtors Buyers Real Estate 78

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Mother demographics and low mortgage rates can crush a lot of American bear’s hearts as they did in 2020 and 2021. This is something that couldn’t happen in the years 2008-2019. million and 6.2

Inventory 498

Inventory Housing Market Buyers Investors 498

Housing Wire

MARCH 16, 2021

down payment on a 30-year mortgage with a 3% interest rate. could afford a median mortgage), Cincinnati (39.7%), Cleveland (39.0%), and St. Under former President Barack Obama, the federal government offered first-time homebuyers a tax credit of $7,500 in 2008 and $8,000 in 2009 and 2010 via the Housing and Economic Recovery Act.

Housing Market 418

Housing Market Government Realtors Buyers 418

Housing Wire

JANUARY 20, 2022

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 From NAR: In the last few months of the year, existing home sales have been outperforming my sales ranges noticeably, and I talked about how sales could moderate, but mortgage demand ended 2021 on a solid note.

Inventory 453

Inventory Housing Market Marketing Mortgage 453

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 400

Housing Market Inventory Contracts Marketing 400

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

NOVEMBER 21, 2023

I say this because of the slow dance between the 10-year yield and 30-year mortgage rates since 1971. Last year, the 10-year yield fell from 4.25% to 3.37%, pushing mortgage rates lower from 7.37% to 5.99%. We had this happen in 2008, and it is happening now. Where the 10-year yield goes, so goes housing!

Inventory 357

Inventory Mortgage Marketing Investors 357

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. This number is above my sales trend peak of 6.2 million and 6.2

Inventory 451

Inventory Housing Market Investors Marketing 451

Housing Wire

JULY 20, 2022

The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. This means 4%+ mortgage rates. We are already below 2008 levels today — not that far off the 21st century low of 2014. Today, home buyers already have more choices than what they had last year.

Inventory 505

Inventory Housing Market Marketing Realtors 505

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The Mortgage Bankers Association projects that of $2.4

Housing Market 395

Housing Market Marketing Brokerage Real Estate 395

Housing Wire

NOVEMBER 1, 2022

According to a recent National Association of Realtors (NAR) survey, 86% of tenants renting single-family homes end up purchasing a home within five years. . Housing Shortages and Mortgage Rate Fluctuations. Since 2008, major banks have pumped over $25 trillion into the global economy. Chart of SFR results from NAR.

Buyers 330

Buyers Tenants Housing Market Marketing 330

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million homes bought and sold in the U.S.

Loan Officers 370

Loan Officers Real Estate Agent Real Estate Finance 370

Housing Wire

MARCH 7, 2022

Bidders were required to be cash buyers, or more precisely cryptocurrency buyers, or – more precisely still – have a virtual wallet on the Ethereum blockchain. Generally, listing agents extract a commission from the homeseller and then split it with the buyer’s agent. It represented LLC ownership of the property.

Real Estate 452

Real Estate Law Inspection Agents 452

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 This means higher mortgage rates, so we need to talk about the housing market in a rising-rate environment without going into housing crash mode like the professional grifters do for clicks. million in March.

Housing Market 476

Housing Market Marketing Inventory Mortgage 476

Empire Appraisal Group

JULY 14, 2022

About 45% of mortgaged residential properties in the U.S. Record levels of home equity provide financial security for millions of families and minimize the chance of another housing market crash like the one we saw in 2008. of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%).

Sellers 78

Sellers Marketing Market Value Realtors 78

Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. Congratulations, frustrated home buyers ! That’s not going to happen.

Marketing 62

Marketing Sellers Buyers Inventory 62

Empire Appraisal Group

JUNE 2, 2022

Florida Realtors. The current market, where higher prices and other factors are not resulting in a slowdown, is moving away from market fundamentals, they found, suggesting that buyer exuberance, in the form of fear of missing out, is driving the current trend. Is FOMO Fueling the Real Estate Market? By Amber Randall.

Real Estate 78

Real Estate Marketing Housing Market Investors 78

D Fritz Appraisals

JULY 7, 2021

This rise has caused rental rates to spike, increased demand for housing and has made it very difficult, if not impossible, for first-time buyers to get their foot in the door of home sweet home. Factoring into this decrease is a rise in mortgage interest rates. For home buyers, it’s roughly the same experience.

Real Estate 136

Real Estate Appraisal Buyers Investors 136

Empire Appraisal Group

JANUARY 4, 2023

Florida Realtors. Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. 34% of the total – are mortgage free, according to data compiled by real estate analytics firm Attom. NEW YORK – The U.S.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

Marketing 66

Marketing Sellers Buyers Inventory 66

Lamacchia Realty

DECEMBER 28, 2021

It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. In fact, our REALTORS had multiple properties that had over 30 offers! 2021 Recap. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. The first quarter of 2023 saw substantial mortgage rate fluctuations, with the 30-year FRM ranging from a low of 6.09% to a high of 6.73%.

Real Estate 73

Real Estate Construction Appraisal Inventory 73