Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. There might even more intensity this year, since 2020’s spring homebuying season was limited by virus-related lockdowns,” Duncan said.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools.

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? trillion to $1.7 trillion. trillion to $1.7

Buyers 398

Buyers Mortgage Sellers Investing 398

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgage 381

Mortgage Sellers New Listings Buyers 381

Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Quite the opposite. Sales of new homes spiked 18.6% bond market.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 389

Mortgage Buyers Agents Real Estate Agent 389

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% by the end of 2021.

Buyers 545

Buyers Sellers Inventory New Listings 545

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 540

Housing Market Mortgage Marketing Inventory 540

Housing Wire

MAY 28, 2024

There are more homes on the market now than anytime since August 2020. This number will probably peak at about 700,000 this summer, crossing over 2020 levels at that point. No one wants a scenario in which there’s a flood of sellers but no buyers. And this trend will continue until mortgage rates drop significantly.

Inventory 511

Inventory New Listings Contracts Sellers 511

Housing Wire

MAY 8, 2024

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. What does that mean? Demographics also play a role here.

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Inventory Law New Listings Sellers 416

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 401

Business Mortgage Loan Officers Inventory 401

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 513

Mortgage Inventory New Listings Sellers 513

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 280

Mortgage Real Estate Agent Real Estate Renovations 280

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We Across the state, agents feel these rising insurance costs on top of higher mortgage rates and list prices.

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Insurance Housing Market Marketing Agents 380

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 431

Mortgage Loan Officers Finance Buyers 431

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

NOVEMBER 8, 2022

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. MCT aims to utilize Kennelly’s experience in the mortgage industry and capital markets to grow its Bid Auction Manager Marketplace, an open mortgage loan exchange platform launched in 2020.

Investors 317

Investors Sellers Buyers Technology 317

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. In addition, a vast majority of people spent more time at home in 2020 than ever before in modern history. In turn, mortgage companies need to get with the times, implement technology and improve efficiency.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. “We are far away from those mortgage rate levels right now, but you have to know your limits with new home sales.”

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

Marketing 376

Marketing Sellers Buyers Mortgage 376

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

Retail 306

Retail Mortgage Business Loan Officers 306

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

Inspection 543

Inspection Inventory Buyers Sellers 543

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. The post Threat of climate change looms large for some home buyers appeared first on HousingWire.

Buyers 430

Buyers Real Estate Agent Real Estate Brokerage 430

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% It’s savage man, truly savage with the mortgage rate rise.

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand.

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

Sellers 78

Sellers Buyers Home Value Marketing 78

Housing Wire

MARCH 27, 2024

But high mortgage rates and high home prices proved too much for the listings boom in Jacksonville. The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. Other would-be disruptors have not fared so well.

Brokerage 381

Brokerage Realty Real Estate Inventory 381

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. Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. However, a seller is also a natural homebuyer, unless they’re an investor.

Housing Market 540

Housing Market Marketing Inventory Sellers 540

Housing Wire

FEBRUARY 23, 2024

During the same week in 2020, just prior to the onset of the COVID-19 pandemic, there were 4,537 active single-family listings in the area. When we saw rates start to come back down into the 7% range and then below 7%, it instilled some confidence in buyers to get back out there,” Danzey said. “I

Housing Market 464

Housing Market Marketing Inventory Buyers 464

Housing Wire

NOVEMBER 1, 2021

With mortgage rates falling during the COVID-19 crisis, many households were able to refinance to lower payments. Because a mortgage payment is almost always the most prominent payment households make each month, lower payments have allowed homeowners who bought homes to have better cash flow over the last few years.

Housing Market 545

Housing Market Sellers Inventory Mortgage 545

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy.

Housing Market 349

Housing Market Marketing Sellers Inventory 349

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%. FHA, VA and USDA aren’t accepted by sellers.

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

APRIL 13, 2022

percentage points over the past three months, have thrown a wrench into the mortgage origination and private-label securitization markets. That is the market for mortgage servicing rights (MSRs). In the category of seller risks, the possibility exists that certain buyers could blow through their entire 2022 [MSR] acquisition budget.

Mortgage 359

Mortgage Marketing Sellers Buyers 359

Housing Wire

MARCH 25, 2024

Mortgage rates seem to have finally settled down. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky. Inventory will cross over 2020 levels by July. More sellers means more sales will happen. Last year, inventory was still declining in March.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

MARCH 18, 2024

At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan. This week in 2022 was the last of the 3% mortgages.

Inventory 384

Inventory New Listings Sellers Contracts 384