Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. Will 2021 be more of the same?

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Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. Homesnap said this trend could further drain inventory as 2021 approaches. 22%, while total sales increased 19.29%.

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Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6% and Austin.

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Housing Wire

NOVEMBER 23, 2020

As we prepare to enter 2021, our country has lost more than 250,000 people and over 22 million jobs during the 2020 pandemic. At the same time, the housing market has shown surprising resilience , with price growth and home sales rising to new heights. Last April, we released the first of our series of monthly housing market forecasts.

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Housing Wire

JANUARY 18, 2021

housing market bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June. The housing bubble boys had those five glorious weeks when it finally looked like the market would succumb to their dire predictions of a housing crash.

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Housing Wire

DECEMBER 31, 2020

This is the fourth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions. The 2021 housing market forecasts have focused on everything from home prices to mortgage rates. Jeff Tucker Zillow Senior Economist. This article has been lightly edited for length and clarity.

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Housing Wire

SEPTEMBER 13, 2021

As we come to the end of 2021, we also approach the end of another year living with COVID-19. Although 2021 seems normal in comparison, it is perhaps even stranger because as a country, we have learned to normalize the consumption of goods and services with an active virus infecting and killing Americans each day. Already a member?

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Housing Wire

SEPTEMBER 19, 2022

Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. overall market share in 2021, up from 38.9% The consumer watchdog noted that the pace of originations in 2021 slowed to 2.4% in 2021, compared to 7.3% from 66.8%

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Housing Wire

JULY 1, 2021

If there’s one common characteristic that HousingWire saw the brightest marketing leaders and minds in the housing industry wield last year , it was being agile. When the world shifted to work from home , marketers stepped in with new messaging and strategic campaigns to reach their target audience. SVP, Marketing.

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Housing Wire

NOVEMBER 17, 2022

trillion in single-family loans in 2021, with the average guarantee fee — expected to cover credit losses, administrative costs and cost of capital — rising 2 basis points from the prior year to 56 bps. In 2021, 75% of guarantee fees in came from large sellers, with just 1% coming from small sellers.

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Housing Wire

APRIL 19, 2021

A lot of folks are concerned about a housing market crash. Think about all those Americans who bought homes to live in last year who are now grateful they don’t have to deal with this unhealthy housing market for buyers. The post The housing market won’t crash in 2021. I understand the concern. Already a member?

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Housing Wire

DECEMBER 9, 2020

In 2021, migration will continue to set records as more than 30% of homebuyers will look to leave their current metro area. Get $75 off your initial membership with coupon code “intro75” The post 2021 housing market forecast: What will fuel home sales? appeared first on HousingWire.

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Housing Wire

OCTOBER 29, 2020

But what does next spring’s housing market have in store? There is a heightened amount of uncertainty on the market outlook given the difficulty of forecasting how the pandemic will evolve. Get $75 off your initial membership with coupon code “intro75” The post What could the spring 2021 housing market have in store?

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Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market.

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Housing Wire

JULY 22, 2021

RealTrends Market Leaders report ranks the top residential real estate firms in over 160 different metropolitan areas based on 2021 RealTrends 500 brokerage rankings. When it comes to movers and shakers in the Market Leaders report, it can be boiled down to Compass and flat-fee brokerages. Compass’s growth trajectory.

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Appraisal Buzz

FEBRUARY 2, 2022

$43 trillion: that is the new value of the housing market as a whole, now double what it was since the lows of the post-recession market and the corresponding building slump of the early 2010s. According to Zillow, the housing market gained $6.9 trillion in value in 2021 increasing to $43.4 trillion throughout the year.

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Housing Wire

MARCH 10, 2021

In the last decade, community lenders—those credit unions, community banks, and independent mortgage banks who serve their local markets—have grown to own the market. Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance.

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Housing Wire

DECEMBER 7, 2020

As we look ahead to 2021, we remember that this year, the housing market has continued to remain a bright spot in the economy, even as other areas continue to struggle amid stay-at-home orders and economic shutdowns. Now, economists are focusing their sights on 2021, and forecasts are more difficult than ever to create.

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Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. This is a big Merry Christmas gift for the housing market. Historically speaking, 2021 and early 2022 were the two lowest ever in new listings data.

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Housing Wire

DECEMBER 4, 2020

This is the first installment of our economist Q&A series of the top housing market forecasts for 2021. HW: How will 2021’s political environment impact the housing market in the year ahead? Ralph McLaughlin Haus Chief Economist and SVP of Analytics. This article has been lightly edited for length and clarity. .

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Appraisal Buzz

JANUARY 4, 2022

by November 2022, after experiencing record gains in 2021. The post Seller’s Market Closes 2021 on High Note appeared first on theMReport.com. The post Seller’s Market Closes 2021 on High Note appeared first on Appraisal Buzz. CoreLogic experts predict annual home price growth to slow to 2.8%

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Housing Wire

JANUARY 20, 2022

This number is in line with my sales range for 2021 of 5.84 From NAR: In the last few months of the year, existing home sales have been outperforming my sales ranges noticeably, and I talked about how sales could moderate, but mortgage demand ended 2021 on a solid note. million to 6.2 million and 6.16 The exact opposite did, however.

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Housing Wire

DECEMBER 25, 2020

Fannie Mae Chief Economist Doug Duncan said he expects existing home sales to ultimately “be up a percent or more in 2021. The new home sales numbers had a big jump in 2020, and [there will be] more growth in 2021, but they’re going to have to rebuild that inventory, because anything that the builders are building today gets sold.

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Appraisal Buzz

APRIL 15, 2022

In recent years, green and high-performance properties have captured a rapidly growing share of the new home market in the U.S.—and Here’s an overview of the top markets. The post Top Markets for Green Homes in 2021 appeared first on Appraisal Buzz. and this trend is expected to continue in 2022.

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Housing Wire

JANUARY 7, 2021

2021 was supposed to be different. The data from this period provides an excellent snapshot of the market as a whole for the year. At least, this would be true if last year could be considered a “normal” year for the market, except is wasn’t. months (approximately) of 2021, remember that 2020 started off strong.

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Housing Wire

MAY 13, 2024

Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlier and down 65% from the height of the post-pandemic housing boom in 2021, according to a new report from Redfin. By comparison, mortgage applications for primary homes were down 20% year over year in 2023 and down 35% compared to 2021.

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Housing Wire

MARCH 31, 2021

While the refi boom might be slowing down, the purchase market is heating up. MBA’s spring 2021 market forecast predicts a record-breaking year, with purchase origination reaching $1.57 Regardless of the market, lenders can benefit from outsourcing. The housing market is cyclical. Outsourcing offers many benefits.

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Housing Wire

SEPTEMBER 23, 2021

trillion in equity in the second quarter of 2021, a 29.3% The states with the greatest average year-over-year equity gain per borrower include the very hot Western markets of California, Washington, Hawaii, Idaho, Utah and Arizona, with the greatest equity gains being recorded in California ($116,000 per borrower). million homes.

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Housing Wire

DECEMBER 2, 2020

Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. That loan limit figure is determined as a percentage of the national conforming loan limit for Fannie Mae and Freddie Mac , which is increasing in 2021 to $548,250. 1, 2021, through Dec.

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Housing Wire

JANUARY 19, 2021

in 2021, an increase of 0.8 in 2021, with the monthly pace slowing throughout the year. trillion in 2021, up from the projected $1.6 trillion in 2021, down from a projected all-time high of $2.8 Managing Credit Risk in 2021 and Beyond. in 2021 and 3.2% trillion for 2021, but it also projected $1.8

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Housing Wire

DECEMBER 23, 2020

Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. While the speed and magnitude of the housing recovery was surprising, the strong underlying fundamentals serving as tailwinds for the housing market’s recovery were not, and these tailwinds are expected to remain strong in 2021.

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Housing Wire

MAY 3, 2024

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst. Despite the unexpected job report in May 2021, I was confident in the recovery trajectory. Today, we are at 158,286,000.

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Housing Wire

OCTOBER 27, 2020

This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Will 2021 be any different? Though there’s no crystal ball, a clearer picture is starting to emerge of what next year’s housing market may look like.

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Housing Wire

NOVEMBER 17, 2020

The Mortgage Bankers Association on Tuesday released revised estimates for the third and fourth quarter of 2020 as well as predicting record purchase volume for 2021. by Q4 2021. The housing market has seen a meaningful rebound since the onset of the pandemic,” said Mike Fratantoni, MBA chief economist. in 1Q21 to 1.4

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Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

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Housing Wire

MARCH 8, 2024

For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. The four-week moving average declined slightly by 750, to 212,250 Below is an explanation of how we got here with the labor market, which all started during COVID-19. Even with the massive miss on a job report in May 2021, I didn’t waver.

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Housing Wire

OCTOBER 8, 2020

Doug Duncan doesn’t claim to be an oracle, but the Fannie Mae Senior Vice President and Chief Economist on Thursday offered some forecasts for 2021, even amid a pandemic that has thrown markets into disarray. economy and the housing market, he said. “At At the end of 2019, we were at 3.5% At the end of 2019, we were at 3.5%

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