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UWM clears $1.33B in profits in Q4 2020

Housing Wire

At the close of 2020, UWM originated more than $182 billion in mortgages, blowing away the $107.8 billion in net income during 2020, and $1.37 The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any measure,” Mat Ishbia, the wholesaler’s president and CEO said in a statement.

Mortgage 513
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COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% The COVID crisis of 2020 was responsible for a lot of abnormal metrics in the housing market. We saw hints of this prime housing market period as early as February of 2020.

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Mom-and-pop landlords stepping in as ‘mega-investors’ retreat from single-family market

Housing Wire

Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic. However, this is in general alignment with investor purchase activity during Q4 of both 2019 and 2020, respectively.

Investors 390
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Investors are buying up single-family homes across the US

Housing Wire

After three straight quarters of declines, home purchases by investors rose 2.7% Looking to take advantage of the hot housing market and a soaring stock market, investors bought about 1 of every 7 U.S. Looking to take advantage of the hot housing market and a soaring stock market, investors bought about 1 of every 7 U.S.

Investors 541
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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Investors provide capital necessary for many families to fulfill their aspirations of living in a house whether renting or owning. In 2020, only 32% of 30-year-olds owned homes compared to 58% in 1980. Similarly, only 48% of all 30-year-olds in 2020 were married, in contrast to the 83% in 1980. But, who are these investors?

Investors 387
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Institutional investors now balk at buying homes in this market niche

Housing Wire

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. We’re taking a house and gutting it.

Investors 386
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2020 home sales hit highest level since 2006

Housing Wire

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. million homes were sold in 2020, up 5.6% Yun added that 70% of homes sold in December of 2020 were on the market for less than a month. “To A total of 5.64