Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

Inventory 428

Inventory Law New Listings Sellers 428

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 542

Housing Market Mortgage Marketing Inventory 542

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

Mortgage 515

Mortgage Inventory New Listings Sellers 515

Housing Wire

JUNE 9, 2022

Mortgage credit availability dipped for three consecutive months, largely due to shrinking refinance loans, according to the monthly Mortgage Credit Availability Index , (MCAI) which fell by 0.9% to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association.

Mortgage 333

Mortgage Government Inventory Lending 333

Housing Wire

JANUARY 8, 2024

To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. Granted, mortgage rates aren’t at their pandemic lows, but historically they are in line with what homeowners have typically paid. Since 2012, the average rate has been 7.7%. million in 20 years.* 1 non-QM lender?

Lending 340

Lending Development Investors Finance 340

Housing Wire

OCTOBER 12, 2021

Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall rose by 1.5% in September, the highest level since May.

Government 497

Government Mortgage Investors Buyers 497

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. Imagine if mortgage rates didn’t rise this year. The only thing that can cool this down is higher mortgage rates, which has started already.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., ” The annual home price growth rate fell to 1.94% in February, hitting a rate below 2% for the first time since 2012.

Inventory 391

Inventory New Listings Housing Market Mortgage 391

Inman

JULY 11, 2023

Annual home price growth fell below 2 percent for the first time since 2012 as high prices and mortgage rates continued to inhibit buyers and sellers, according to data released Tuesday by CoreLogic.

Sellers 115

Sellers Buyers Mortgage Marketing 115

Housing Wire

NOVEMBER 9, 2022

In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. That happened in March of this year.

New Listings 475

New Listings Inventory Housing Market Sellers 475

Housing Wire

JANUARY 9, 2023

Buyer behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these buyers depend heavily on them accurately anticipating what the retail market will look like in the next six to 12 months. percent, according to ATTOM Data Solutions.

Retail 434

Retail Sellers Buyers Market Value 434

Housing Wire

JANUARY 31, 2023

Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. result in March 2012).

Housing Market 384

Housing Market Contracts Buyers Marketing 384

Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today.

Inventory 431

Inventory Home Value Mortgage Buyers 431

Housing Wire

NOVEMBER 19, 2020

Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% And third, mortgage rates will stay low during these five years of great demographics and long housing tenure. Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. year over year.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

APRIL 23, 2021

Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012. Another reason for low inventory – active listings were down 47% in March compared to March 2019, per the report – are low mortgage interest rates. Home prices in the U.S.

Inventory 433

Inventory Housing Market Realtors Marketing 433

Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. Spoiler: If you haven’t realized that the housing market since 2012 has been trolled out by professional grifters who don’t ever forecast sales, that is on you. We are sitting with just 2.2

Housing Market 518

Housing Market Marketing Inventory Realtors 518

Housing Wire

FEBRUARY 9, 2023

At the end of the fourth quarter, the index stood at its lowest level since the NAHB began tracking the data on a consistent basis in 2012. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%. The all-time high of $390,000 was set in the second quarter of 2022.

Supply Chain 337

Supply Chain Housing Market Marketing Mortgage 337

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. As it happens, these fabulous demographics are accompanied by the lowest mortgage rates ever recorded in history. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

Housing Market 369

Housing Market Marketing Mortgage Buyers 369

Housing Wire

MAY 18, 2023

Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019. Since purchase application is very seasonal, and that seasonality is almost done after May, we should now be watching mortgage rates. Mortgage rates moving up and down have moved the market. million, up from 1.03 million last year.

Housing Market 531

Housing Market Marketing Inventory Mortgage 531

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. When mortgage rates rise, two things always happen here in America. Here in the U.S.,

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024.

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. crash, especially from 2012-2019. It hasn’t worked since 2012 for a reason.

Inventory 381

Inventory New Listings Law Housing Market 381

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. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 513

Inventory New Listings Housing Market Sellers 513

Housing Wire

JUNE 22, 2021

For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

Inventory 404

Inventory Buyers Realtors Housing Market 404

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. Now we are getting the call back to balance, which is good. million in October.

Inventory 462

Inventory Marketing Housing Market New Listings 462

Housing Wire

JANUARY 27, 2022

But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. After Hurricane Sandy in 2012, Congress increased NFIP’s borrowing limit to $30.5 billion, according to the Congressional Research Service.

Insurance 352

Insurance Government Law Real Estate Agent 352

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 299

Real Estate Brokerage Buyers Property Management 299

Housing Wire

APRIL 26, 2021

In looking at more than 400 metros, Redfin found that homes sold during a four-week period ending April 18 were on the market for a median of 21 days, the shortest time on market since 2012. That’s also 16 days fewer than the same period in 2020. And 45% of homes sold for more than their list price, another an all-time high.

Sellers 450

Sellers Housing Market Marketing Buyers 450

Padove Appraisal Service

DECEMBER 10, 2022

We have seen a combination of few homes offered for sale, and strong buyer demand. Buyers have had difficulty finding a home to purchase at any price. Recent increases in mortgage rates have reduced some demand. The higher cost of financing a home pushed some buyers out of the market. This remains unknown.

Marketing 147

Marketing Inventory Buyers Sellers 147

Housing Wire

JUNE 8, 2022

For over a decade, a lot of people didn’t believe in housing inflation but in the deflationary housing story, which hasn’t ended well for them since 2012. 2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Buyers 544

Buyers Mortgage Real Estate Housing Market 544

Housing Wire

APRIL 8, 2021

Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. The slight pullback in 2020 is due largely to side effects of the pandemic-induced foreclosure moratorium on government-backed mortgages in place for most of the year.

Retail 413

Retail Market Value Marketing Buyers 413

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 410

Business Mortgage Loan Officers Inventory 410

McKissock

APRIL 16, 2021

March was the hottest month for housing since at least 2012. Sharp increases in interest rates have shifted the mortgage originations landscape very quickly. Swift shift in the mortgage originations landscape. Appraisal waivers have exploded during the COVID-19 pandemic. March was the hottest month in housing history.

Housing Market 59

Housing Market Appraisal Marketing Real Estate Agent 59

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. Mortgage rates have also jumped to north of 3% ; at its current pace, the Mortgage Bankers Association is forecasting rates will reach nearly 3.5% The national average of home prices rose 14.4%

Buyers 545

Buyers Sellers Inventory New Listings 545