Housing Wire

MAY 9, 2022

Budget-tightening constraints of inflation, higher mortgage rates, and housing price gains are constraining consumers from buying houses. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 4.7 points to 68.5

Marketing 382

Marketing Housing Market Real Estate Mortgage 382

Housing Wire

OCTOBER 14, 2021

Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 538

Buyers Housing Market Real Estate Agent Real Estate 538

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. For real estate professionals, this option presents an opportunity to capture more sales. Yet staggeringly few are aware of its existence.

Finance 418

Finance Real Estate Agent Real Estate Insurance 418

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. All new components.

Investors 386

Investors Renovations Marketing Retail 386

Housing Wire

AUGUST 8, 2023

The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.8 Home prices across the country are on the rise especially in the Midwest and Northeast markets, according to Black Knight ‘s monthly mortgage monitor report. points to 66.8 The annual home price increase was 0.8%

Housing Market 350

Housing Market Marketing Mortgage Finance 350

Housing Wire

NOVEMBER 10, 2022

It goes to show what the failure to build enough homes from 2006 to the present combined with ultra-low, unrealistic mortgage rates and massive amounts of fiscal stimulus can do to the housing market. This is something that housing industry leaders should be thinking about — carefully. The history of housing.

Mortgage 430

Mortgage Housing Market Lending Finance 430

Housing Wire

DECEMBER 29, 2023

“The new home market has been extraordinary in 2023, and I think heading into 2024, we’re going to have the golden age of new home construction,” David O’Reilly, CEO of Howard Hughes , said in a recent CNBC interview. For more than a decade, housing has suffered a structural shortage of homes rooted in supply-side issues.

Construction 427

Construction Supply Chain Inventory Housing Market 427

Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

Sellers 380

Sellers Housing Market Inventory Buyers 380

Housing Wire

JUNE 4, 2021

Bill Dallas , president of Finance of America Mortgage , will speak at engage.marketing on the panel: Winning in a red-hot purchase market. In 2009, Dallas purchased Skyline Home Loans with Upfront Ventures and a team to modernize the traditional mortgage business.

Finance 346

Finance Design Modernization Real Estate 346

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. HousingWire Magazine delivered to your home or office.

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Supply Chain Housing Market Marketing Inventory 323

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The improving job market is all to the positive.

Marketing 447

Marketing Mortgage Supply Chain Inventory 447

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. The supply of existing homes is near the 2009 crisis low, and it’s showing no signs of easing. While the U.S.

Construction 266

Construction Inventory Housing Market Marketing 266

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. It’s only natural that market players might be skittish over what direction housing will trend.

Housing Market 433

Housing Market Supply Chain Construction Clients 433

Housing Wire

MAY 15, 2024

According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022. New construction in age-restricted communities is becoming a rising trend.

Design 341

Design Buyers Construction Marketing 341

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

Marketing 371

Marketing Investors Government Investing 371

Housing Wire

JANUARY 19, 2022

“Across the United States, homebuilders reliably broke ground on between 125,000 and 140,000 homes almost every month in 2021, and by one common measure, last year was the second-least volatile year for housing starts since 2005.”. Overall, an estimated 1,595,100 housing units were started in 2021, a 15.6% increase from 2020.

Construction 394

Construction Housing Market Inventory Development 394

Housing Wire

OCTOBER 5, 2020

economy into a recession and killed more than 208,000 Americans, the plan from the frontrunner in the presidential election is well-aimed to assist the only weak link in an otherwise booming the housing market: First-time buyers trying to scrape together a down payment. Now that the pandemic has plunged the U.S.

Housing Market 413

Housing Market Contracts Buyers Marketing 413

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

Buyers 414

Buyers Inventory Open Houses Technology 414

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

Inventory 317

Inventory Marketing Business Buyers 317

Housing Wire

MAY 28, 2021

But in the hot housing market of 2021, even those homes are getting immediate, multiple offers when they hit the market. “We’re seeing eight to 10 offers on homes as soon as they go on the market,” Wellman said. “I honestly haven’t seen this kind of market for homes in San Jose since 2009.”

Buyers 275

Buyers Real Estate Agents Inventory 275

Housing Wire

MARCH 29, 2022

The rise in rates has exceeded 200 basis points since early 2021, impacting those on the margin more than any other segment of the housing market. When I served as FHA Commissioner, beginning in 2009 I raised premiums several times. On a $400,000 loan, the difference between a 3% mortgage and a 4.5%

Insurance 370

Insurance Mortgage Housing Market Marketing 370

Housing Wire

MARCH 16, 2021

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. The Census Bureau found that just 307,000 new homes were on the market in January, roughly four months worth of supply at the current sales rate.

Housing Market 418

Housing Market Government Realtors Buyers 418

Housing Wire

SEPTEMBER 11, 2023

The question many in capital markets have been asking since the GSEs were put into conservatorship is this: Without Fannie , Freddie , or the Fed , who will buy the agency MBS? “In 2009-2010, the combined portfolios were over $1.5 The problem now is that we have the greatest quandary in the markets.

Mortgage 437

Mortgage Supply Chain Buyers Finance 437

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s Six of the nation’s top 25 most overvalued housing markets are in the Sunshine State, which can expect to see a “prolonged period of unaffordability” even as prices in other regions of the country cool. Housing crash unlikely. WEST PALM BEACH, Fla. –

Marketing 78

Marketing Landlords Real Estate Tenants 78

Housing Wire

APRIL 14, 2022

The housing plan lacks any participation from the Federal Housing Finance Agency , which is not a cabinet level agency, but oversees the federal entities that back most of the mortgage market. The post White House announces action plans for racial equity, but leaves out GSEs appeared first on HousingWire.

Finance 374

Finance Technology Law Mortgage 374

Lamacchia Realty

JANUARY 31, 2024

2023 SOUTHINGTON Real Estate Market Recap Southington home sales decreased by 15.5% Learn More About the Southington Community 2024 Outlook Overall, the Southington,CT housing market performed as expected given that the market is adjusting from a frenzied state – home sales were down, and average prices were up.

Inventory 55

Inventory Real Estate Housing Market Realty 55

Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. If you were looking at the market in the fall of 2022, you would have expected home prices to continue to fall further in 2023.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. We’re not seeing anything that indicates a real problem yet.

Insurance 467

Insurance Home Value Mortgage Marketing 467

Housing Wire

JULY 19, 2023

We can break out all top 50 markets into 4 categories. The first is boom-bust & the example market is Phoenix. These markets are going to remain hot for the foreseeable future. CoreLogic data supports this perspective, even if a few markets in Florida are expected to cool down. Take a look.

Property Taxes 298

Property Taxes Construction Housing Market Marketing 298

Housing Wire

MARCH 15, 2023

He joined Fannie Mae in the wake of the financial crisis in 2008-2009 and served as CEO from 2012 to 2018. SVB operated as a portfolio lender in the residential mortgage space, not selling loans on the secondary market. .” Mayopoulos, a former Fannie Mae CEO and Blend president, is a veteran of crisis management and mortgage.

Mortgage 324

Mortgage Loan Officers Insurance Business 324

Housing Wire

MAY 6, 2022

The internals of the labor market are very healthy; job openings are over 11.5 Remember, the trend has been your friend since 2009: the Baby Boomers can’t work forever, and no country has a Dorian Gray labor market. As we can see, the labor market is solid and has some legs. In time, older workers need to be replaced.

Transportation 320

Transportation Construction Retail Real Estate 320

Housing Wire

FEBRUARY 22, 2022

Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. single family homes on the market were new builds, according to a report by Redfin. Housing starts are also looking up, rising 1.4% Department of Housing and Urban Development and the U.S.

Supply Chain 534

Supply Chain Construction Inventory Housing Market 534

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Scott Murphy, CEO of D.S.

Appraisal 363

Appraisal Appraisal Process Valuation Renovations 363

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Then the housing bubble burst. Is this the beginning of a housing bubble, 2021-style? “I million for sale today.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Empire Appraisal Group

DECEMBER 28, 2023

It’s the first time that Home Depot has projected a decline in annual sales since 2009, when the U.S. economy was decimated by a massive housing bubble. The lack of existing homes for sale has forced more people into the new home market, or out of the housing market completely as prices skyrocket.

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

Housing Wire

FEBRUARY 5, 2021

. “While it was little changed in January, we do anticipate further growth in the sector this year, which will help to address the critical shortage of housing inventory on the market,” Fratantoni said.

Construction 314

Construction Lending Retail Inventory 314