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. Housing inventory issue with no booming demand. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

OCTOBER 31, 2022

Both these laws paved the way for more responsible lending and a more responsible consumer. Then we saw an uptick in people filing for foreclosures and bankruptcy during an economic expansion from 2005 to 2008. All my six recession red flags were raised toward the end of 2006, and the recession didn’t start until later in 2008.

Law 517

Law Inventory Lending Mortgage 517

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high. This got smashed in two years, and inventory levels broke to all-time lows this year.

Housing Market 530

Housing Market Inventory Lending Marketing 530

Housing Wire

DECEMBER 29, 2022

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. Housing inventory. Home sales.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said.

Finance 370

Finance Marketing Lending Inventory 370

Housing Wire

JANUARY 5, 2024

Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger. This can lead to longer listing times and increased competition for affordable homes, particularly if inventory is tight. Back then, the FOMC lowered the rate to near zero, where it remained for several years.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Housing Wire

OCTOBER 1, 2022

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices.

Realtors 397

Realtors Housing Market Marketing Buyers 397

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories. All of this means compressed affordability and inventory.

Inventory 384

Inventory Loan Officers Clients Mortgage 384

Housing Wire

OCTOBER 12, 2020

We just need to look back to 2008 when we had over 10 million delinquent loans. Due to the loosey-goosey lending standards of the time, many of these delinquent loan holders had little to negative equity. Shadow inventory refers to homes in foreclosure that banks are holding off the market. This sounds like a broadway play.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

APRIL 4, 2022

Founded in 2008, Movement Mortgage focuses on providing loans quickly and easily to homebuyers, with a network of loan officers in more than 775 locations nationwide, and more than 4,500 employees, the company’s website shows. Movement did not respond to multiple requests for comment. Sound familiar?

Mortgage 450

Mortgage Supply Chain Retail Loan Officers 450

Housing Wire

JUNE 16, 2022

Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. I think that homes are still going to sell,” said Coley Carden, vice president of residential lending at Winchester Co-Operative Bank.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . Not a one-size fits all”.

Mortgage 370

Mortgage Bracketing Loan Officers Investors 370

Housing Wire

DECEMBER 16, 2021

More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

JUNE 1, 2023

Of course, every borrower’s financial situation is a little different and the new LLPA changes will add borrowers for whom conventional lending is marginally more attractive than getting a FHA loan, said Janneke Ratcliffe, vice president of Housing Finance Policy Center at Urban Institute.

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. The years 2020-2024 were always going to be different from 2008-2019. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

Housing Market 397

Housing Market Marketing Inventory Lending 397

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8%

Real Estate 45

Real Estate Marketing Inventory Home Value 45

Eppraisal

AUGUST 9, 2022

This was a similar story back in 2008. There are still buyers on the market because there has been a lack of inventory of homes for sale for buyers to purchase. Homeowners will not need to foreclose on their homes or sell them short like they did the last time around when the market tanked in 2008. Sound familiar?

Real Estate 36

Real Estate Inventory Home Value Buyers 36

Housing Wire

APRIL 8, 2021

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 nation’s greatest obstacles ahead will come from the shortages in available single family home inventory across the county.

Development 421

Development Lending Mortgage Marketing 421

McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Housing Wire

MARCH 23, 2022

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. Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much.

Mortgage 491

Mortgage Inventory Housing Market Construction 491

Listing Spark

JUNE 21, 2022

The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. In 2008, Congress passed the Housing and Economic Reform Act. To understand the discussions, it’s important to review a little bit of the history.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. In 2008, Congress passed the Housing and Economic Reform Act. To understand the discussions, it’s important to review a little bit of the history.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

APRIL 11, 2022

From 2008 through 2021, the average annual production profit was 60 basis points, or $1,456 per loan. The average loan balance for first mortgages reached a study-high $298,324 in 2021, compared to $278,725 in 2020, the largest single-year increase since the report started in 2008. Presented by: Acra Lending.

Lending 370

Lending Mortgage Valuation Inventory 370

Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] 00:19:04] Why the current housing market is different than what happened in 2008.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

AUGUST 31, 2022

According to MBA’s Quarterly Performance Report (QPR), net production income has averaged 54 basis points since 2008. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. Source: MBA Quarterly Mortgage Bankers Performance Report: www.mba.org/performancereport.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

Patch of Land

OCTOBER 16, 2018

First, Richard Moody, the Chief Economist for Regions Financial, told MarketWatch that despite having passed the cyclical peak of existing home sales, the housing inventory has been shrinking for years. If that’s the case, I think what it might do is cause inventories to rise modestly and home price growth to slow.

Investing 45

Investing Inventory Housing Market Contracts 45

Appraisal Today

MAY 19, 2023

. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008? There were a lot of foreclosure appraisals starting in 2008. Also, in 2008 there were some direct lender opportunities as AMCs had not taken over completely. There are very few direct lender appraisals now.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

AUGUST 5, 2022

Is it headed for a crash like in 2008? Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Patch of Land

OCTOBER 26, 2018

percent a year ago and the highest level since third quarter 2008. This new breed of lender is often found online, where borrowers get introduced to lending platforms that use sophisticated algorithms to determine if a potential borrower is a good credit risk. Homes purchased with financing and then flipped represented 35.7

Finance 31

Finance Investors Real Estate Construction 31

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. And even though we expect to see a large delivery of multifamily units over the next few years, this will not resolve the broader lack of inventory that we see across the country.”

Investors 458

Investors Marketing Inventory Real Estate 458

Housing Wire

APRIL 5, 2021

billion below the amount FHA analysts believe would be needed to maintain the ability to pay mortgage insurance claims in the wake of an adverse credit event similar to the 2008 financial crisis. By 2008, the capital ratio had dropped to 3.2%, and, by 2012, it had cratered into negative territory, -1.4%, requiring a $1.7

Insurance 347

Insurance Mortgage Housing Market Government 347

Housing Wire

JANUARY 1, 2024

This would happen if we saw a surge of stressed inventory and mortgage rates didn’t go low enough to handle that much new supply into the market. So, this is something to consider only if we see an increase in stressed inventory. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

Housing Market 528

Housing Market Marketing New Listings Construction 528

Appraisal Today

AUGUST 4, 2023

However, high mortgage rates and limited affordable inventory keep exerting pressure on potential homebuyers. Unless there are improvements in affordability and inventory, the market dynamics will likely stay consistent.

Appraisal 71

Appraisal Business Contracts Real Estate 71

Appraisal Today

MAY 10, 2024

In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Housing Wire

AUGUST 8, 2023

The California housing market in particular has been extremely slow, with inventory at all-time lows and few home sales. And without much of a private label securitization market, they sell them through the correspondent lending channel.” Florida followed as a distant second with $32.3 from June 2022.

Insurance 370

Insurance Mortgage Clients Lending 370