Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in 2025 to reach $405,200.

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. 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.

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. months for the new home sales market.

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

Mortgage 491

Mortgage Inventory Marketing Finance 491

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. John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co.

Mortgage 396

Mortgage Marketing Housing Market Buyers 396

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.

New Listings 479

New Listings Inventory Contracts Sellers 479

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.

Inventory 443

Inventory Housing Market Mortgage Marketing 443

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. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

Loan Officers 377

Loan Officers Mortgage Buyers Inventory 377

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% in May, compared to 3.4%

Mortgage 374

Mortgage Investors Inventory Housing Market 374

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. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

SEPTEMBER 22, 2023

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. 17, according to a new report from Redfin.

New Listings 419

New Listings Inventory Buyers Mortgage 419

Housing Wire

NOVEMBER 10, 2023

Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I I think we were up right around 15% increase in the number of initial mortgage applications. What’s going on with mortgage rates?

Mortgage 413

Mortgage Inventory Marketing Retail 413

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. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

MARCH 5, 2024

by early 2025. Home prices further increased in late 2023 despite high mortgage rates , which surged to the highest level since the beginning of the millennium,” Selma Hepp, chief economist for CoreLogic, said in a statement. But the data provider forecasts yearly growth to begin slowing in the coming months and fall to 2.6%

Mortgage 406

Mortgage Marketing Inventory Housing Market 406

Appraisal Buzz

MAY 10, 2024

“Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” says Selma Hepp, chief economist for CoreLogic, in a statement. in March 2025. CoreLogic’s forecast shows annual U.S.

Inventory 195

Inventory Insurance Buyers Appraisal 195

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. is $450,000.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. With where prices were heading when mortgage rates were under 4%, we were looking at 35%-40% cumulative home-price growth in just three years.

Housing Market 391

Housing Market Marketing Inventory Lending 391

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%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

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

Insurance 343

Insurance Investors Housing Market Government 343

Housing Wire

DECEMBER 19, 2023

The group projects a return to growth in 2025. Since the beginning of November, mortgage applications have rebounded approximately 15%. However, the woes that hindered home sales in 2023, such as affordability challenges and the lack of resale inventory, will persist.

Inventory 378

Inventory Mortgage Housing Market Finance 378

Housing Wire

DECEMBER 26, 2023

But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I I think the three most important factors driving sentiment and action next year are going to be supply, demand and mortgage rates.” An outcome like this would put additional pressure on a firm’s margins.

Brokerage 406

Brokerage Mortgage Agents Bracketing 406

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. . Total inventory grew this year, and sales were negative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019.

Inventory 369

Inventory Buyers Sellers Investors 369

Appraisal Buzz

APRIL 4, 2024

by February 2025. increase from January to February 2024, which is almost double the monthly increase recorded before the pandemic, spring home price gains are already off to a strong start despite continued mortgage rate volatility.” home prices increased 0.7% in February compared with January and were up 5.5%

Inventory 150

Inventory Buyers Appraisal Marketing 150

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25 15, just 0.07

Mortgage 389

Mortgage Realtors Real Estate Marketing 389

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. And 2025 and 2026 will be off the charts.

Retail 346

Retail Inventory Mortgage Loan Officers 346

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 Zillow was also pleased with the performance of its mortgage sector, Zillow Home Loans , which reported an 88% year-over-year increase in purchase loan origination volume for the quarter.

Real Estate 423

Real Estate Advertising Agents Realtors 423

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. Last year, average production volume was $2.6

Valuation 323

Valuation Mortgage Inventory Business 323

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. 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.

Marketing 60

Marketing Inventory Buyers Sellers 60

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.” That shortage is estimated to range from 1.5

Construction 363

Construction Development Finance Mortgage 363

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 323

Retail Real Estate Agent Business Mortgage 323

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

Marketing 36

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. The state’s going to make a lot of money.”.

Property Taxes 302

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.

New Listings 54

New Listings Buyers Inventory Lending 54

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. 125,000 homes listed in just SOUTH Florida is amazing! Now for my 2024 predictions!

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Sellers Real Estate Buyers Inventory 74