Housing Wire

JANUARY 19, 2024

Local community developers bidding on foreclosures in the second half of 2023 are signaling a slowdown in U.S. home price appreciation in the first half of 2024, with a rising risk that appreciation will dip back into negative territory. These markets are more likely to see continuing home price appreciation in early 2024.

Retail 396

Retail Marketing Realtors Real Estate 396

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 381

Loan Officers Mortgage Retail Lending 381

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 453

Real Estate Agent Agents Real Estate Buyers 453

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 403

Real Estate Agent Real Estate Buyers Agents 403

Housing Wire

MAY 20, 2024

during the first quarter of 2024 remained steady compared to last year, fueled by a continued shortage of existing-home supply. Remote work and historically low mortgage rates made it particularly attractive to buy a home. Department of Housing and Urban Development (HUD). The proportion of newly built homes for sale in the U.S.

Construction 400

Construction Inventory Buyers Sellers 400

Housing Wire

DECEMBER 19, 2023

Department of Housing and Urban Development and U.S. Looking at data on residential permits, Sturtevant forecasts that “new single-family housing construction will continue to be robust heading into 2024, though apartment construction will be slow.” Despite the elevated mortgage rates , homebuilders’ sales have increased this year.

Construction 383

Construction Mortgage Development Buyers 383

Housing Wire

FEBRUARY 5, 2024

Department of Housing and Urban Development. High interest rates, rising inflation , growing labor costs and worker shortages weighed the most on homebuilders in 2023, and they’re poised to remain top of mind in 2024. In 2024, 52% expect it to remain an obstacle. About 58% expect this to remain an issue in 2024.

Construction 380

Construction Housing Market Buyers Sellers 380

Housing Wire

MARCH 8, 2024

“Consumer attitudes toward home-selling conditions increased markedly in February, with current homeowners, in particular, expressing greater optimism that it’s a ‘good time to sell,’ a development that may foreshadow an upcoming increase in existing home listings.” Fannie Mae forecasts single-family mortgage origination volume at $1.92

Housing Market 460

Housing Market Development Mortgage Buyers 460

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans.

Buyers 368

Buyers Tools Mortgage Lending 368

Housing Wire

DECEMBER 4, 2023

Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program. Freddie Mac’s standardized mortgage documents launch follows the agency’s rollout of a down payment assistance tool in October.

Mortgage 379

Mortgage Tools Finance Construction 379

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Buyers 373

Buyers Agents Loan Officers Real Estate 373

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

JANUARY 29, 2024

A recent Wall Street Journal article noted that in Florida some homeowners have seen their homeowner premiums triple in the last five years and in some communities these premiums are now higher than their mortgage payments. We realize that this may appear to be a daunting task to a mortgage servicer who has always relied on one vendor in tax.

Insurance 344

Insurance Real Estate Technology Clients 344

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. HousingWire: How do you view the lending landscape for 2024? To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500.

Lending 328

Lending Development Investors Finance 328

Housing Wire

MARCH 19, 2024

Dual licensing is one of the opportunities being opened to the mortgage industry by the National Association of Realtors ’ (NAR) pending nationwide settlement of commission lawsuits , according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA). In addition, buyers’ agents must have written agreements.

Loan Officers 480

Loan Officers Real Estate Agent Real Estate Agents 480

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development (HUD), Julia Gordon. The commissioner also discussed the rise in mortgage loan assumptions. ” Gordon spoke during the Mortgage Bankers Association (MBA) Annual Conference held Oct. 14-17 in Philadelphia. ” The FHA cut the annual premium to 55 basis points from 85 bps.

Mortgage 360

Mortgage Government Insurance Tools 360

Housing Wire

JANUARY 29, 2024

You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources. out of 5 stars Rating: 4.5 out of 5. out of 5 stars Rating: 4.5 Required 12 hrs of coursework.

Real Estate 324

Real Estate Real Estate Agent Agents Law 324

Housing Wire

JANUARY 17, 2024

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. ” However, Basu notes supply chains are already facing new pressures in 2024.

Construction 425

Construction Supply Chain Transportation Buyers 425

Housing Wire

FEBRUARY 15, 2024

Buyer traffic is improving as even small declines in interest rates will produce a disproportionate positive response among likely home purchasers,” NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Alabama, said in a statement. The gauge measuring the traffic of prospective buyers increased to 33.

Buyers 378

Buyers Housing Market Construction Inventory 378

Housing Wire

JANUARY 22, 2024

Could 2024 be the worst year ever for real estate wire fraud ? First-time buyers are particularly at risk, especially if their real estate firms are unable to protect against the types of threats that have become commonplace. An increase in transaction volume Fannie M ae forecasts mortgage rates will decrease from 7.4%

Real Estate 389

Real Estate Tools Sellers Buyers 389

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 418

Finance Real Estate Agent Real Estate Insurance 418

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates.

Inventory 389

Inventory Construction Housing Market Finance 389

Housing Wire

JANUARY 24, 2024

But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be within reach for more Americans. Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market.

Insurance 423

Insurance Sellers Buyers Housing Market 423

Housing Wire

JANUARY 18, 2024

Despite lower mortgage rates , housing starts ended the year on a downturn, after posting a large monthly gain in November. Department of Housing and Urban Development (HUD). Department of Housing and Urban Development (HUD). New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3%

Construction 397

Construction Real Estate Housing Market Buyers 397

Housing Wire

NOVEMBER 27, 2023

Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. Census Bureau and the Department of Housing and Urban Development ( HUD ). According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), sales fell in October from the prior month because of elevated mortgage rates.

Housing Market 351

Housing Market Construction Inventory Buyers 351

Housing Wire

DECEMBER 14, 2022

This slowdown is good news for the housing industry as it may lead to a decline in mortgage rates. Fed officials do expect to begin lowering rates in 2024, but they anticipate bringing them down slowly. The 30-year fixed mortgage rate declined to 6.30% on Tuesday, according to the HousingWire Mortgage Rates Center.

Mortgage 393

Mortgage Buyers Marketing Inventory 393

Housing Wire

FEBRUARY 15, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. Builders are continuing to offer a variety of incentives.

Mortgage 373

Mortgage Supply Chain Housing Market Construction 373

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

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

DECEMBER 7, 2023

Students chose the school for its offering of live instruction classes for salespersons, brokers, appraisers, mortgage, and home inspection courses at various locations and convenient times, including weekend classes. out of 5 stars Rating: 5 out of 5. out of 5 stars Rating: 5 out of 5.

Real Estate 326

Real Estate Real Estate Agent Law Brokerage 326

Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona.

Brokerage 328

Brokerage Real Estate Realtors Real Estate Agent 328

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.

Construction 353

Construction Supply Chain Inventory Agents 353

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. Census Bureau and the Department of Housing and Urban Development. percent (±19.9 percent (±19.4 million new homes being sold.

Construction 522

Construction Business Contracts Marketing 522

Housing Wire

JANUARY 25, 2024

Census Bureau and the Department of Housing and Urban Development ( HUD ). Demand picked up in December on the strength of declining mortgage rates. According to Alicia Huey, chairman of the NAHB and a custom homebuilder from Birmingham, Alabama, there is an expectation that sales will rise in 2024.

Inventory 402

Inventory Development Buyers Mortgage 402

Housing Wire

APRIL 12, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.” Our marketing typically has a theme of problem-solving and making mortgages easy for our customers.

Loan Officers 264

Loan Officers Lending Real Estate Marketing 264

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 343

Mortgage Retail Loan Officers Brokerage 343

Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. When it comes to the years 2020-2024, don’t think of a housing boom in sales or credit. million or higher.

Housing Market 447

Housing Market Marketing Inventory Investors 447

Housing Wire

JANUARY 29, 2024

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year. If mortgage rates get down to 5%, then I think there is a nonlinear piece to it.

Housing Market 448

Housing Market Marketing Mortgage Investors 448