Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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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. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates. Push for tech.

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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. percent (±11.9

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Housing Wire

JULY 27, 2022

Borrowers’ demand for mortgage loans decreased for the fourth consecutive week to the lowest level in more than two decades, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 1.8% retail residential mortgage applications.

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Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. According to Altos Research, as of Feb.

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Housing Wire

NOVEMBER 13, 2020

Low mortgage rates and record-low housing inventory has driven home price increases throughout the year. Finding a solution to the housing inventory crisis, NARs Chief Economist Lawrence Yun said. lower than the total inventory at the end of Q3 last year. In the U.S., What can help remedy high home prices?

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Housing Wire

JANUARY 31, 2024

CoreLogic Principal Economist Molly Boesel told HousingWire the 2022 price boom was largely “a spillover from the for-sale market,” which has been stuck in a prolonged inventory crunch in the present high-mortgage-rate environment. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

JUNE 22, 2023

Mortgage rates declined again this week following the Federal Reserve ‘s recent pause on monetary tightening. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.67% as of June 22, down from last week’s 6.69%.

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Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Housing Wire

JUNE 28, 2022

Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. Imagine if mortgage rates didn’t rise this year. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

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Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. Note that some of these loans in the foreclosure inventory may have been so prior to the pandemic. Exhibit 4.

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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Housing Wire

MARCH 21, 2024

Warren Davidson (R-Ohio), chairman of the subcommittee, opened the hearing by citing cost changes between 2020 and 2024. Rising costs “The 30-year fixed mortgage has increased over 100%, doubled, since 2020,” Davidson said. Because of the lack of housing inventory, the median home price has gone up too, by 27% just since 2020.”

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Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It As of Feb. New construction is backed up,” she said.

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Housing Wire

AUGUST 23, 2021

A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% However, even with the availability of more homes on the market, inventory for homebuyers is down 12% from 2020 (1.5

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Housing Wire

SEPTEMBER 28, 2020

This growth in demand is consistent with what I have been saying for many years – that if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales, which will be the only period where we would start a year at 1.5 We haven’t started a year yet at 1.5

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Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. The multichannel lender, which originated roughly $13 billion in residential mortgage last year, declined to provide any details about the layoffs. from 2020 to 2021, to $13 billion. billion, up 65.5%

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Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? However, the people who say low inventory is fake news don’t realize that housing credit channels are very different from 2008, which has prevented total active listings from looking anything like 2008. percent (±15.2 percent (±12.7

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Housing Wire

MARCH 30, 2021

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. Mortgage Tech Demo Day. During her nomination , Fudge was noncommittal about potential cuts to the mortgage insurance.

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Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. Presented by: Fannie Mae.

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Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners.

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Housing Wire

JUNE 22, 2021

from May 2020 ($283,500). “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. Total housing inventory at the end of May grew to 1.23 months in May 2020.

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Housing Wire

FEBRUARY 24, 2021

New home sales in 2021 picked up right where they left off in 2020, near their highest levels in more than a decade thanks to low inventory. Census Bureau and the Department of Housing and Urban Development. Sales of new single-family houses in January were at a seasonally adjusted annual rate of 923,000 — 4.3% in the West.

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Housing Wire

AUGUST 31, 2022

In 2019, they teamed up to make a $450 million equity commitment to develop 2,000 new “build-for-rent” homes. Tricon notes in announcing the latest joint venture with ASRC that it “has already invested $1 billion in developing new, high-quality rental housing and has a pipeline of over 7,000 new homes currently under development.”.

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Marketing Construction Supply Chain Development 368

Housing Wire

DECEMBER 23, 2020

From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Builder confidence is primarily based on inventory.

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Inventory Construction Housing Market Design 525

Housing Wire

NOVEMBER 4, 2020

As results trickle in following a historic 2020 general election, results seem to be leaning toward a Joe Biden presidency, but potentially also a Republican-led Senate. For the mortgage industry, a split government might be the best possible outcome,” said Rick Sharga , senior vice president at RealtyTrac.

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Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

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Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Construction Inventory Government Development 457

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

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Housing Wire

NOVEMBER 25, 2020

million until we reached the years 2020-2024. The Census Bureau reports : “New Home Sales Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

JULY 26, 2022

Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. They also learned their lesson quickly in 2018 as mortgage rates at 5% were too high for construction growth.” Then in 2018, they had a supply spike as mortgage rates reached 5%. percent (±15.0

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Construction Housing Market Inventory Marketing 498

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.

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Housing Wire

MAY 13, 2021

Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Association. The MBA’s mortgage credit availability index increased in April to 128.1

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Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product. Census Bureau and the Department of Housing and Urban Development. However, this isn’t how inventory grows in America. percent (±20.4

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Inventory Construction Housing Market Mortgage 423

Housing Wire

AUGUST 29, 2023

Census Bureau and the Department of Housing and Urban Development. As September approaches, 2023 is already showing tighter housing inventory for new homes and boasting more new home sales than 2022, which could bode well for homebuilders. That total imputed a seasonally adjusted annual rate of new home sales of 714,000, up 31.5%

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Inventory Construction Marketing Development 335

Housing Wire

SEPTEMBER 3, 2021

From record low interest rates to inventory shortages and soaring home prices, the pandemic has been keeping the industry on its toes. Mohtashami is a housing data analyst and financial writer who developed the America is Back economic model that accurately predicted in April 2020 how the economy would recover from COVID.

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Real Estate Inventory Technology Valuation 381

Housing Wire

SEPTEMBER 27, 2021

During the second quarter 4,500 completed new builds came to market, increasing the affordable housing inventory by 0.4%. Forbearance options for landlords with multifamily mortgages backed by Fannie Mae and Freddie Mac were slated to expire on Sept. 30 before they were once again extended. With the median house price increasing 16.2%

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