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Developing a lending strategy for rising mortgage rates

Housing Wire

In fact, the recovery from the COVID pandemic is in stark contrast to that of the 2008 Great Recession. For those that have focused on purchase lending, they will see less of a drop in total volume. The post Developing a lending strategy for rising mortgage rates appeared first on HousingWire.

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Industry and housing groups expect big things from FHFA

Housing Wire

In the six weeks that followed, industry stakeholders and housing groups offered up a staggering number of ideas, ranging from eliminating loan-level price adjustments, incorporating cash-flow or childcare payment data into underwriting, or spurring a new secondary market for acquisition, development and construction loans.

Finance 321
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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

The context for this number is that from 2008-2019 my belief was that we would have the weakest housing recovery ever, but in the years 2020-2024, our demographics for housing became vastly improved. I have said for many years that we wouldn’t see total housing construction start a year at 1.5 million or higher until this year.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Census Bureau and the Department of Housing and Urban Development. Could you imagine this housing market if we eased lending standards? percent (±11.9 percent (±13.7

Mortgage 440
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2021 Twin Cities Apartment Market Trends

Simonson Real Estate

Apartment New Construction. New construction costs are reportedly up about 10% on average, or $20,000/unit more compared to 1 or 2 years ago. New Construction sales have been in the $250,000-$300,000 range. We will need to see rent growth to continue to justify new construction looking ahead. Lenders want to lend.

Marketing 131
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The Full Measure with Kevin Hecht: Economic Recap May 2023

McKissock

Housing starts In April, home construction saw a marginal rise as developers grapple with a tough housing market. With the 30-year mortgage rate nearing 7%, developers are exercising caution, but it appears that single-family construction has hit a temporary bottom. Despite a 22.3% It wasn’t unexpected to see a 1.5%

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. Many homes have equity available, unlike the 2008 housing collapse. Paul, Minn.).