Housing Wire

NOVEMBER 10, 2023

metropolitan areas since 2011. Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. and 20.3%, respectively. respectively.

Mortgage 410

Mortgage Buyers Insurance Government 410

Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously.

Mortgage 436

Mortgage Inventory New Listings Housing Market 436

Housing Wire

APRIL 8, 2022

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. However, a cool-down in prices is not the same thing as a housing crash. We are currently a t 1.7

Housing Market 390

Housing Market Marketing Inventory Lending 390

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage 363

Mortgage Property Taxes Investors Buyers 363

Housing Wire

FEBRUARY 5, 2024

According to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index (HMI) , 90% of builders reported high interest rates as a significant issue in 2023, while 77% expected them to be a problem in 2024. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019.

Construction 376

Construction Housing Market Buyers Sellers 376

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days.

Mortgage 392

Mortgage Sellers Buyers New Listings 392

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Currently, we are in a much different housing recession than what we had from 2005-2011. Why do I call it a housing recession? months of supply but of that number, 6.22

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

OCTOBER 18, 2022

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Three other indices monitored by the NAHB also posted declines in October.

Housing Market 389

Housing Market Buyers Contracts Construction 389

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. Looking at housing this way, the last four decades make sense. The days on market were too low.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

JANUARY 19, 2024

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 sounds odd to people because mortgage rates went all the way to 8% , and price growth was picking up. Sales faded 6.2%

Housing Market 402

Housing Market Inventory Contracts Marketing 402

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. “Fall could bring more declines in home prices as more buyers bow out.” Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1

Inventory 383

Inventory Realtors Housing Market Mortgage 383

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Plus, available housing inventory remains near historic lows.” I have never believed in this concept because of how the housing market credit channels work.

Inventory 503

Inventory New Listings Housing Market Sellers 503

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows.

Inventory 542

Inventory Construction Government Housing Market 542

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.”

Inventory 435

Inventory Housing Market New Listings Mortgage 435

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 489

Inventory Housing Market Construction Marketing 489

Housing Wire

OCTOBER 17, 2022

As mortgage rates rose and housing inventory increased, home price growth decelerated in the third quarter of 2022, according to the Fannie Mae Home Price Index ( FNM-HPI ) released Monday. This is the slowest quarter of growth since Q4 2011. The FNM-HPI found that home price growth was at an annualized rate of 13.2% in Q3 2022.

Inventory 331

Inventory Buyers Mortgage Housing Market 331

Housing Wire

OCTOBER 7, 2020

points, but has recovered more than half of its early pandemic-period decline when April’s HPSI hit its lowest reading since November 2011. August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy. Presented by: NAMB. As of Oct.

Sellers 535

Sellers Real Estate Agent Buyers Design 535

Housing Wire

APRIL 20, 2023

As we can see in the data below, the days on the market fell back down to 29 days. For some historical context, back in 2011, this data line was 101 days. The NAR data looks a bit backward, so if you want more fresh weekly data, I write the Housing Market Tracker every week on Sunday night to give you that information.

Inventory 517

Inventory Housing Market Marketing New Listings 517

Housing Wire

FEBRUARY 1, 2021

Since 2011, the number of existing single-family homes for sale has declined more than 30%. By supplying more homes that are affordable, the housing industry can increase homeownership rates for everyone. ?. And 71% say that interested buyers are often unable to secure financing.

Finance 364

Finance Buyers Modernization Construction 364

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 340

Mortgage Retail Loan Officers Brokerage 340

Housing Wire

AUGUST 13, 2020

Director Calabria has one goal and that is to fully privatize the mortgage market and leave the GSEs as nothing more than a counter-cyclical last choice for the housing market. Calabria has written, spoken, and testified for years on his view that the mortgage market should be fully privatized.

Mortgage 532

Mortgage Finance Marketing Insurance 532

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Most recently, rising interest rates have intensified the fight for housing. million homes.

Tenants 352

Tenants Government Law Buyers 352

Housing Wire

OCTOBER 20, 2022

On the other hand, investment-return decline during this year’s summertime home-selling season marked the largest quarterly downturn since 2011, with the third-quarter reversal also marking the first since 2010 that seller returns went down from the second to third quarter.

Sellers 362

Sellers Investing Housing Market Real Estate 362

Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. With her nearly two decades of experience in the housing industry, Gordon secured Biden’s nomination to lead the federal agency. Will Gordon cut mortgage premiums?

Insurance 307

Insurance Development Housing Market Mortgage 307

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. I think you’ve got the independents [or mom-and-pops] taking the market share back. …

Investors 338

Investors Inventory Investing Real Estate 338

Housing Wire

APRIL 7, 2023

When this back and forth was unfolding, mortgage demand rose 2.9% compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. Don’t leave it up to them to translate the noise they’ll likely encounter on their voyage.

Retail 330

Retail Real Estate Clients Modernization 330

Housing Wire

JANUARY 26, 2022

Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. It’s simply a matter of adjusting your investment strategy to optimize current market conditions. in 2020 to 33.2%

Real Estate 424

Real Estate Investors Inventory Business 424

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. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. New listings are declining now.

Inventory 380

Inventory New Listings Law Housing Market 380

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

JANUARY 23, 2024

Headlines aside, many prospective buyers have explained to me that they want to leap to homeownership but are waiting for prices and/or mortgage rates to come down. Yes, that’s the affordability challenge – meeting buyers in their happy spot as they manage budget responsibilities every month.

Buyers 44

Buyers Landlords Mortgage Real Estate 44

Clear Capital

NOVEMBER 1, 2022

Between rising home prices and mortgage rates, much of California has become extremely unaffordable. Housing sentiment has taken a turn for the worse. According to the Fannie Mae Home Purchase Sentiment Index, buyer sentiment fell to the lowest level since 2011, when the US housing market was bottoming.

Marketing 69

Marketing Supply Chain Real Estate Logistics 69

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. At the same time, the percentage of first-time buyers in the U.S.

Inventory 36

Inventory Buyers Sellers New Listings 36

DataMaster

JUNE 9, 2021

After months of being outbid, he decided to wait and see if the housing market cools off a bit. I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! adjusted for inflation) in December 2011 to $372,400 in April 2021. It depends.

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

After months of being outbid, he decided to wait and see if the housing market cools off a bit. I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! adjusted for inflation) in December 2011 to $372,400 in April 2021. It depends.

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

After months of being outbid, he decided to wait and see if the housing market cools off a bit. I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! adjusted for inflation) in December 2011 to $372,400 in April 2021.

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78