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 451

Mortgage Inventory New Listings Housing Market 451

Housing Wire

NOVEMBER 9, 2020

points, but has steadily recovered over 60% of its COVID-19 pandemic loss when April’s HPSI hit its lowest reading since November 2011. The idea that it’s a seller’s market also picked up steam last month with the percentage of respondents who said it was a good time to sell a home gaining 3% to 59% in October.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 383

Realtors Housing Market Marketing Buyers 383

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week.

Mortgage 378

Mortgage Contracts Inventory Marketing 378

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Inventory 496

Inventory New Listings Housing Market Mortgage 496

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. Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. mortgaged home sales, up from 14% a year earlier but down from 16.3%

Mortgage 421

Mortgage Buyers Insurance Government 421

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 398

Mortgage Sellers Buyers New Listings 398

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 539

Inventory Housing Market New Listings Marketing 539

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1 Elevated mortgage rates add to affordability pain As of Aug. from July and 14.1%

Inventory 399

Inventory Realtors Housing Market Mortgage 399

Housing Wire

APRIL 16, 2021

Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows. in 2021, 3.6% in 2022 and 4.1% in 2021, 4.5% in 2021, 4.5%

Mortgage 328

Mortgage Marketing Housing Market 328

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Plus, available housing inventory remains near historic lows.” economic history. . As we can see below, the U.S.

Inventory 513

Inventory New Listings Housing Market Sellers 513

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 355

Mortgage Retail Loan Officers Brokerage 355

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 443

Inventory Housing Market New Listings Mortgage 443

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 389

Architecture Real Estate Agent Loan Officers Real Estate 389

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

AUGUST 8, 2022

its lowest reading since 2011. The HPSI has declined steadily for much of the year, as higher mortgage rates continue to take a toll on housing affordability,” Doug Duncan, Fannie Mae’s senior vice president and chief economist, said in a statement. “The On the other hand, 67% stated that mortgage rates will go up.

Mortgage 346

Mortgage Sellers Housing Market Real Estate 346

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low. Most recently, rising interest rates have intensified the fight for housing. million homes.

Tenants 366

Tenants Government Law Buyers 366

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

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates. Home price s.

Housing Market 535

Housing Market Marketing Inventory New Listings 535

Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? This Q&A was originally hosted on June 1st. Ghost Supply 2.2

Training 400

Training Inventory Housing Market Real Estate Agent 400

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Instead, they closed 2023 at 6.67%.

Housing Market 524

Housing Market Marketing New Listings Construction 524

Housing Wire

SEPTEMBER 8, 2022

Home prices have started to drop, but the decline has not been significant enough to slow a growing pessimism about the housing market. Fannie Mae’ s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, dropped by 0.8 Presented by: Calyx.

Housing Market 449

Housing Market Marketing Sellers Mortgage 449

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. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime.

Inventory 381

Inventory New Listings Law Housing Market 381

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 347

Retail Real Estate Clients Modernization 347

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.

Housing Market 392

Housing Market Marketing Inventory Lending 392

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%. million units, down 1.7%

Housing Market 436

Housing Market Marketing Inventory Realtors 436

Housing Wire

SEPTEMBER 7, 2022

Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . While July’s home price grew 14.5%

Housing Market 420

Housing Market Marketing Home Value Lending 420

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.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation.

Mortgage 456

Mortgage Inventory New Listings Housing Market 456

DW Slater Company

JANUARY 29, 2022

The ingredients for this appreciation were record low supply, high demand as the pandemic created a need for change for many, and historically low mortgage interest rates which have remained below 4% since April of 2019. Mortgage rates were historically low in 2021 as the highest the 30 year fixed rate was 3.18%.

Real Estate 103

Real Estate Appraisal Market Value Construction 103

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 367

Mortgage Property Taxes Investors Buyers 367

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. That’s a conservative example in a housing market where prices have risen by 106% between December 2013 and December 2023, or 10.6%

Buyers 44

Buyers Landlords Mortgage Real Estate 44

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

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

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 544

Inventory Construction Government Housing Market 544

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 393

Construction Housing Market Buyers Sellers 393

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