Housing Wire

MAY 16, 2024

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. The subsequent housing market crash sharply reduced that number to an average of about 50,000 originations per year from the late 2010s through 2020.

Development 309

Development Appraisal Property Appraisal Insurance 309

Housing Wire

MAY 9, 2022

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 Mortgage rates, following the Federal Reserve ’s inflation-fighting monetary policy, surged to 5.27% as of May 5, the highest average since 2009, according to Freddie Mac ‘s PMMS.

Marketing 382

Marketing Housing Market Real Estate Mortgage 382

Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. That is – by far – the largest quarterly decline on record by dollar value, and the largest since 2009 on a percentage basis.

Housing Market 327

Housing Market Marketing Home Value Mortgage 327

Housing Wire

APRIL 27, 2022

Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications. The post What a dip in mortgage demand says about the housing market appeared first on HousingWire. Interest in residential mortgage loans fell 8.3% from a year ago.

Housing Market 380

Housing Market Mortgage Marketing Retail 380

Inman

JANUARY 10, 2023

The balance of power in the rental market is rapidly shifting to renters.". A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents.

Inventory 119

Inventory Marketing Investing 119

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. It’s just a crazy competitive market.”

Real Estate 425

Real Estate Marketing Real Estate Agent Agents 425

Housing Wire

APRIL 16, 2024

The data spanning from 2009 to 2023 reveals a notable correlation between the total real estate transactions in the USA, termed national transactions , and the movement of agents between brokerages. Value-Centric Recruitment: Brokerages must prioritize value-driven recruitment strategies to attract and retain talent amidst market volatility.

Real Estate Agent 422

Real Estate Agent Real Estate Agents Brokerage 422

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. The bulk buyer purchases accounted for 8.4%

Investors 386

Investors Renovations Marketing Retail 386

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

Eyes on Housing

NOVEMBER 7, 2022

NAHB analysis of information published in Builder Magazine’s annual Local Leaders lists shows that large builders gained market share across all tiers on average from 2009 to 2021 in major housing markets; market concentration, as calculated with top four firms in a metropolitan statistical area (MSA), has also increased, but has leveled off over the (..)

Marketing 100

Marketing Housing Market 100

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

Marketing 447

Marketing Mortgage Supply Chain Inventory 447

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. There was a slight upturn in 2009, with unit sales increasing by 2.6% from 2008 to 2009. The history of housing.

Mortgage 430

Mortgage Housing Market Lending Finance 430

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

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

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 2009 to 2013, buyers spent more than 12 weeks looking for a home, but in 2021, they searched for just eight weeks, according to NAR.

Buyers 414

Buyers Inventory Open Houses Technology 414

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. No, it can’t. Monthly supply data being at 1.7

Housing Market 391

Housing Market Marketing Inventory Lending 391

Housing Wire

MAY 5, 2021

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. “Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result. That company gave a 22% market share.

Marketing 258

Marketing Retail Technology Investing 258

Miller Samuel

FEBRUARY 12, 2019

Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel. I hope you find that this apple was fully peeled: Jonathan Miller’s Market Outlook. And, in-turn, when the market falls, it will fall forever.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

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 full index is up 4 points year over year.

Housing Market 350

Housing Market Marketing Mortgage Finance 350

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%.

Mortgage 358

Mortgage Buyers Government Lending 358

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

Appraisal Buzz

JUNE 20, 2022

The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Home prices rose 1.5% month over month in May, their smallest increase of any May in Redfin’s records, which go back to 2012, according to a new report from Redfin.

Mortgage 195

Mortgage Housing Market Appraisal Marketing 195

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. The post Doug Duncan and the housing market’s supply conundrum appeared first on HousingWire.

Supply Chain 323

Supply Chain Housing Market Marketing Inventory 323

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. Many of the top national homebuilders have rosy forecasts for the coming year. Dietz estimates that the U.S.

Construction 427

Construction Supply Chain Inventory Housing Market 427

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 11, 2022

The Market Composite Index, a measure of loan application volume, rose 2 percent on a seasonally adjusted basis for the week ending May 6, from the previous week, according to the Mortgage Bankers Association. The rapid rise in mortgages rates continues to hit the refinance market, with activity 70 percent below a year ago.

Mortgage 424

Mortgage Contracts Retail Buyers 424

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

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index.

Mortgage 392

Mortgage Contracts Retail Marketing 392

Housing Wire

OCTOBER 31, 2022

I learned that Sales Boomerang made the decision to #layoff over 20 of its esteemed #workforce and to specifically reduce the marketing team by 27%,” a former employee posted on its LinkedIn page.

Mortgage 372

Mortgage Project Management Loan Officers Design 372

Housing Wire

APRIL 15, 2024

It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S. One of my employees said that her mother worked in doing some type of loans,” Schmidt said. “I

Mortgage 384

Mortgage Loan Officers Business Finance 384

DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? As we look at the housing market for 2022, a clear shift has occurred. Supply has increased, but is still very low as less than 3 months supply in any market. Fewer existing homes have been put on the market as homeowners are holding on to the low rates in their current loans.

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122

Appraisal Buzz

MAY 5, 2022

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage averaged 5.27% with an average 0.9 Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” says Sam Khater, Freddie Mac’s chief economist.

Mortgage 150

Mortgage Appraisal Marketing 150

Housing Wire

OCTOBER 21, 2020

“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. Additional waves of the virus could lead to further lockdowns and more job market instability. “On

Mortgage 383

Mortgage Inventory Housing Market Construction 383

Housing Wire

JANUARY 20, 2023

“Mark has been a tremendous leader and has had a great impact on our organization, helping guide us through some of the most challenging markets and positioning us for the future,” Old Republic wrote in a statement. “We In 2009, Bilbrey received an Honorary Membership from ALTA.

Insurance 306

Insurance Investors Marketing 306

Housing Wire

JANUARY 19, 2022

Housing demand has outstripped supply since 2009,” First American deputy chief economist Odeta Kushi said in a statement. Experts are attributing the stability of housing starts this year to a slowly improving labor market, low mortgage rates, high demand for housing and an extremely low level of existing housing inventory.

Construction 394

Construction Housing Market Inventory Development 394

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. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 359

Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are His articles are always my favorite.

Sellers 380

Sellers Housing Market Inventory Buyers 380