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.

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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.

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Housing Wire

AUGUST 21, 2020

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. We saw hints of a flourishing housing market prior to the COVID crisis.

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Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. David Peskin: As we all know, the housing market is booming right now. HW: What are some challenges lenders may face as they introduce reverse mortgage products?

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. Taken by Felix Mizioznikov.

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Housing Wire

JUNE 24, 2021

The Biden administration has nominated Julia Gordon to serve as federal housing commissioner at the Department of Housing and Urban Development. Gordon is an expert in federal policy related to homeownership, community development and the nation’s housing finance system. There is no person in the U.S.

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Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. He described today’s non-QM market as a “very large bucket.”.

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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 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. Industry wishlist.

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Housing Wire

JUNE 15, 2022

secured by mortgages on 2,273 income-producing single-family rental homes, according to a presale bond-rating report by Kroll Bond Rating Agency (KBRA). About two-thirds of the properties involved in the Progress transaction are in the Sun Belt markets of Atlanta, Jacksonville, Las Vegas, Phoenix, Tampa and Nashville, the KBRA report states.

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Housing Wire

FEBRUARY 28, 2021

To be successful, lenders have to rely on mortgage lead generation to find potential borrowers. It’s no secret the housing market is hot right now. Some mortgage professionals are generating leads that are only being paired based on cost-per-lead budget instead of how well they fit into mortgage overlays.

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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. Census Bureau and the Department of Housing and Urban Development. This is 16.6 percent (±10.4

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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. Approximately 89% of the homes sold in May 2021 were on the market for less than a month. from May 2020 ($283,500). The region rose 1.6%

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Housing Wire

FEBRUARY 24, 2022

The real question is how much higher mortgage rates will bite the most sensitive sector to rates: new homes. This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

JULY 28, 2022

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? As a CTO, I have to smile when some lending executives mention that the costs of technology in the mortgage industry are high. No wonder residential mortgage lending has wild swings in profitability!

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Housing Wire

DECEMBER 23, 2021

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. The builder’s stocks were in a bear market as they were down over 20%. This is 12.4

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Will Springer Realtor

DECEMBER 11, 2022

Determining how to bring homes to market faster and more affordably, however, has seemingly escaped the industry. Why are innovations in housing construction so elusive? When asked that question, one local developer blurted: “People are happy to buy the same iPhone as everyone else, but they want a home that looks unique.”.

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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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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. The City of Renton reported in June that 92% of the 7800 new units in the permitting pipeline are expected to be market-rate rentals. Bellevue has an average hourly wage for developers of $74.85.

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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.

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Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. Building developers are optimistic they can overcome many of the challenges. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. SCAM ALERT.

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Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. market in the last decade, reported FilterBuy.com.

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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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