Housing Wire

NOVEMBER 21, 2023

Let’s not sugarcoat it: 2023 was a bad year for the housing market. Mortgage rates eclipsed 8% at one point, inventory hit all-time lows, and home prices continued to climb. will avoid a recession, mortgage rates will fall, incomes will continue to rise and an uptick in listings will spur more housing activity.

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Inventory Housing Market Mortgage Marketing 443

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. in 2025, indicating four more 25 bps cuts. We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.

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Inventory Housing Market Mortgage Law 457

Housing Wire

DECEMBER 14, 2023

Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. This harms inventory as homeowners are reluctant to let go of their low mortgages.

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Mortgage New Listings Loan Officers Inventory 476

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Now it’s on the rise.

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New Listings Inventory Contracts Sellers 479

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

APRIL 29, 2024

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. As I noted previously, the housing market is bouncing on the bottom. billion, and a pretax income of $2.3

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Insurance Investors Housing Market Government 343

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. A soft landing is how you end that crazy cycle without the massive pain of a market crash or bubble burst. Inventory has fallen all year.

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Real Estate Marketing Inventory Contracts 283

Housing Wire

SEPTEMBER 22, 2023

This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. Adding to buyers’ affordability pain, median home prices rose 3.4%

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New Listings Inventory Buyers Mortgage 419

Housing Wire

JANUARY 18, 2024

. “This transaction directly aligns with our stated strategy for growth in North America and will create a more resilient portfolio for Sekisui House,” Yoshihiro Nakai, president and CEO of Sekisui House, said in a statement. faces house inventory challenges. ” Sekisui claims it has delivered over 2.62

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New Listings Housing Market Inventory Sellers 317

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1% Fed officials expect interest rates to be at 5.1%

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Real Estate Mortgage Buyers Inventory 368

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026.

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

MARCH 5, 2024

by early 2025. Generally, pressures from higher mortgage rates tend to occur in markets where the higher cost of homeownership pushes against the affordability ceiling.” home price gains reached their highest rate in a year in January, according to CoreLogic ’s Home Price Index (HPI). annual home price growth rose by 5.8%

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Mortgage Marketing Inventory Housing Market 406

Housing Wire

DECEMBER 19, 2023

The group projects a return to growth in 2025. However, the woes that hindered home sales in 2023, such as affordability challenges and the lack of resale inventory, will persist. As a result, home sales will begin a “slow but meaningful recovery” in 2024, according to the December 2023 commentary from the Fannie Mae ESR Group.

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Inventory Mortgage Housing Market Finance 378

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

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Mortgage Marketing Housing Market Buyers 396

Housing Wire

FEBRUARY 9, 2022

This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. One thing is certain: potential buyers of all ages are not happy about the current market conditions. So what is going on here?

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Inventory Buyers Sellers Investors 370

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. 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 6.71% as of June 8, down from last week’s 6.79%. However, the labor market brings mixed signals.

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

FEBRUARY 9, 2022

This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. One thing is certain: potential buyers of all ages are not happy about the current market conditions. So what is going on here?

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Even though the rates are higher now, I think it’s a great market for a first-time homebuyer,” Saghafi said.

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Loan Officers Mortgage Buyers Inventory 377

Housing Wire

NOVEMBER 1, 2023

market transitions to one where one or two large listing portals offer pay-to-play inclusion on a digital listings marketplace. “In It’s a year of execution as we prepare to scale in 2024 and 2025. However, if buyer’s agency does disappear, Zillow is considering models where the U.S.

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Real Estate Advertising Agents Realtors 423

Housing Wire

DECEMBER 26, 2023

I think the market could be primed to be up a fair amount next year, which I think is a combination of pretty heavy cost reduction efforts and these brokerages getting a lot leaner, I think you are going to see potential for margin expansion with pretty good revenue growth,” said John Campbell of Stephens.

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Brokerage Mortgage Agents Bracketing 406

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. And that is to be expected as the market wakes out of its early year hibernation into the spring buying and selling season. months (20 days) of available inventory. months of inventory on the Eastside and 1.0

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Marketing Inventory Buyers Sellers 60

Housing Wire

APRIL 6, 2023

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks received a disappointing sales report card for 2022, which was led by a rapid rise in mortgage rates , low housing inventory and affordability challenges.

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Valuation Mortgage Inventory Business 323

Housing Wire

AUGUST 3, 2023

Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. below 4%) and today’s current market rates has created a so-called “lock-in effect.”

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Construction Development Finance Mortgage 363

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. A rare, two-fisted punch of higher prices and interest rates is bruising the market at a time when activity is usually robust. The single-family market has only 1.0 months of inventory, including 1.3

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Marketing Inventory Buyers Sellers 36

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

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Property Taxes Realtors Law Inventory 302

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Total inventory remains low, however, keeping prices higher on an annual basis. And, despite the rise in new listings, the number of homes still on the market on Feb.

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New Listings Buyers Inventory Lending 54

Cornerstone

JUNE 1, 2021

No matter what the headlines may say, experts have answers that can help you enter the market with confidence. ” Yun said this in response to the high homebuyer demand and rising housing prices we’re currently seeing — which he blamed simply on a shortage of inventory. Can the market keep up its momentum?

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Inventory Buyers Sellers Investing 52

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. I would call it ‘housing purgatory’ rather than housing recession,” says Marci Rossell, noted U.S.

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Finance Inventory Construction Buyers 68

Will Springer Realtor

NOVEMBER 14, 2023

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. There is a seasonal slowdown and then there is a market shutdown. months of inventory available in the county, down from 2.0 Overall, there are 1.9

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Inventory Buyers Sellers New Listings 36

Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

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Appraisal Contracts Business Mortgage 52

Will Springer Realtor

MARCH 11, 2024

When considering housing affordability, the focus often falls on the upfront expenses of buying a home. However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. ELECTION YEAR EFFECT? in Q3 to 53.5%

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Insurance Sellers Real Estate Buyers 36

Will Springer Realtor

MAY 13, 2024

GIMME SHELTER: AMERICA’S HOUSING PROBLEM WORSENS This country is struggling – mightily – to put enough roofs over the heads of Americans. Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. in the first half of 2022.

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Real Estate Buyers Construction Sellers 36