Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

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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%. On the other end of the spectrum, Salinas, California was the least affordable small housing market, with just 5.0%

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Housing Wire

OCTOBER 19, 2022

As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% Department of Housing and Urban Development. On a year over year basis, September’s annual housing start rate was down 7.7%. Census Bureau and the U.S. from August and 15.7%

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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.

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Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

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Housing Wire

DECEMBER 19, 2022

Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. In December, builder confidence in the market for newly built single-family homes fell two points compared to November. “The

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Contracts Construction Buyers Housing Market 370

Housing Wire

OCTOBER 19, 2020

The National Association of Home Builders and Wells Fargo Housing Market Index rose two points to 85 in October – the highest score the series has ever recorded since its inception 35 years ago and the second month in its history the score broke 80. How 2020 continues to impact mortgage closings. Presented by: Altisource.

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Housing Wire

FEBRUARY 24, 2022

From the National Association of Home Builders : For many years I have stressed that the most important housing data I follow is the monthly supply of new homes. It gives an idea of what to expect for housing construction. adjusted estimate of new houses for sale at the end of January was 406,000. When supply is 4.4

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Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

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Construction Development Finance Mortgage 363

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

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Housing Wire

NOVEMBER 18, 2020

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. The report said that thanks to record low mortgage rates , new home transactions increased over 8%. According to the U.S.

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Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005.

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Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s also 16 days fewer than the same period in 2020.

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Sellers Housing Market Marketing Buyers 450

Housing Wire

JANUARY 24, 2022

billion hit the market in the first two weeks of 2022, HousingWire reported last week , but that’s already old news. Since then, another nine private-label residential mortgage-backed securities (RMBS) offerings valued at $4.6 And it’s likely that even more deals will come to market prior to month’s end. billion have unfolded.

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Housing Wire

JUNE 22, 2021

The median existing-home price for all housing types in May was $350,300, up 23.6% For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. While builders rush to construct these homes on the thousands of lots already purchased, existing homes may have a chance to enter the market.

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Inventory Buyers Realtors Housing Market 397

Housing Wire

DECEMBER 23, 2021

months and above, the builders will pull back on construction. adjusted estimate of new houses for sale at the end of November was 402,000. However, the difference now than what we saw in 2018 was that in 2018, mortgage rates were at 5% and monthly supply was spiking higher as new home sales were falling. When supply is 6.5

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Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’.”. Economists across the U.S.

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Housing Wire

DECEMBER 16, 2021

As we can see below, housing permits are not overheating like we saw in the last few years during the housing bubble years where mortgage credit was facilitated by exotic loan debt structures. Another new twist to the housing story is the comeback in lumber prices! months on a three-month average.

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Empire Appraisal Group

OCTOBER 28, 2021

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. Stronger mortgage market. mortgages were in forbearance. The short answer? Currently, there are an estimated 1.6

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Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers. February prices included a 9.4%

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

DECEMBER 11, 2022

The world of construction appears to be one of the only commodity-based industries yet to become truly efficient in the production of homes, office space and specialty structures. Robert Gordon, a noted Northwestern University economist, estimates the construction industry recorded negative productivity growth around the turn of this century.

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Construction Architecture Real Estate Design 36

Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” on the Eastside.

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Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 67

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. counties are in our region.

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Buyers Development Construction New Listings 36

Will Springer Realtor

AUGUST 9, 2021

Additional housing, particularly more affordable units, will only help strengthen the health of the public and economy. Housing affordability decreased in 45 of the 50 states from 2012 to 2019. The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Economists forecast housing starts will rise a promising 5% in 2022. construction jobs in the U.S., year-on-year (YoY), according to U.S. “In

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Icon is on a mission to change the way we house the homeless and others.

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Houston Properties

OCTOBER 1, 2021

See why the 2020-2021 housing market saw a boom during a year of human misery. The areas where it is now cheaper to buy a house are neighborhoods that have flooding history. Contact me for a list of recommended mortgage providers and what (who) to avoid. See more details on the COVID impact on Houston.

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Real Estate Agent Realtors Real Estate Agents 41

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Geo Market Area: Rice / Museum District. Quality of construction. Geo Market Area: Westchase.

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Real Estate Marketing Real Estate Agent Realtors 36