Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

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Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates.

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Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Housing Wire

OCTOBER 23, 2020

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. Contracts during this time also skyrocketed 62%. The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years.

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Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle. To get the weekly picture of the housing market, watch the video above. This has been a supply-constrained market, and it’s not just a demand thing.

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Housing Wire

MAY 13, 2024

Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines. All in all, you can see how effectively 7% mortgage rates have slowed the housing market. Higher rates allow unsold homes to accumulate on the market.

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Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Q4/Q4 contraction of real gross domestic product (GDP). million in Q4 2023. trillion in 2023.

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Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. This will be particularly true as mortgage interest rates remain elevated and increase. Thus, the [single-family] BFR market will expand in the quarters ahead.”.

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Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

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Housing Wire

MAY 22, 2024

So, unless mortgage rates drop fast and demand picks up, inventory should have an average year of growth before the seasonal decline. This growth is a positive housing story in 2024, something I talked about on Yahoo Finance this morning. We have had two times recently when mortgage rates dropped more than 1%.

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Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week.

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Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. below the August 2022 level.

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Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Short on time? from last week.

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Housing Wire

OCTOBER 24, 2023

For home prices to adjust significantly, we need an imbalance of supply versus demand, and this market is surprisingly balanced. To get the weekly picture about the housing market, watch the video above. 23, there were 554,000 single-family homes on the market. Don’t have time? What’s more, 38.5%

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Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Mortgage demand has been on the rise for two weeks in a row. Despite an influx of new listings, the market remains competitive for attractive, well-priced properties.

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Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% In-contract deals rose 0.7%

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Contracts Realtors Home Value Housing Market 282

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

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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.

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Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.

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Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. This underscores the importance of increased inventory in helping to get the overall housing market moving,” Yun added. million, posting a 6.5%

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Inventory Contracts Housing Market Realtors 355

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. During the first week of June, mortgage rates were at 6.79%. They climbed to 7.23% in August, according to Realtor.com Senior Economic Research Analyst Hannah Jones.

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Inventory Housing Market Contracts Realtors 439

Housing Wire

MAY 5, 2022

Mortgage rates are increasing and demand is beginning to level out. The residential real estate market is shifting, creating uncharted territory for lenders who’ve relied on a housing boom and refinancing to keep them in business. The days of 45-60 day processing times in mortgage lending will simply not satisfy, nor survive.

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Mortgage Buyers Technology Lending 348

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Mortgage forbearance is a touchier subject.

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Contracts Inventory Construction Realtors 414

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. When mortgage rates increase, demand falls and the price-cut percentage grows.

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New Listings Inventory Mortgage Contracts 432

Housing Wire

JANUARY 31, 2023

Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. to a reading of 313.07.

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Housing Market Contracts Buyers Marketing 372

Housing Wire

MAY 1, 2024

In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” During the first quarter of 2024, Zillow recorded revenue growth across all sectors of its business, including a 31% annual jump in its rentals revenue to $97 million and a 19% year-over-year increase in its mortgage revenue to $31 million.

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Agents Real Estate Contracts Real Estate Agent 335

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

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Mortgage Marketing Buyers Sellers 354

Housing Wire

SEPTEMBER 7, 2023

Mortgage rates peaked at 7.5% Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Most years, available inventory of unsold homes on the market peaks in August. Last year at this time, mortgage rates began to spike dramatically from under 6% to 7.5% This year inventory is still climbing.

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Contracts Inventory Buyers New Listings 402

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

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Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans.

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Mortgage Insurance Contracts Design 366

Housing Wire

JUNE 23, 2021

After a Supreme Court ruling paved the way for the Biden administration to fire Federal Housing Finance Agency (FHFA) Director Mark Calabria at will, President Joe Biden is taking swift action. “It is critical that the agency implement the Administration’s housing policies. mortgage market.

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Housing Wire

NOVEMBER 10, 2022

The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA.

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Housing Wire

SEPTEMBER 6, 2023

How hot is the housing market? There is certainly no shortage of indicators, but three in particular were published in the last week: the S&P/Case-Shiller Home Price Index, the All-Transactions House Price Index from the U.S. Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com.

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Housing Market Finance Contracts Marketing 391

Housing Wire

SEPTEMBER 28, 2021

In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher. For-sale inventory levels charted their fourth consecutive monthly increase in August, and sellers appear to be taking a less aggressive approach when putting their homes on the market.

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Housing Market Finance Contracts Inventory 477

Housing Wire

OCTOBER 12, 2023

What is happening in the housing market ? Both home prices and mortgage rates continue to rise. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% Rents of primary residences were up 7.4%.”

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Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. With mortgage rates on the rise over the past few weeks, Lazzara expects home price growth to continue to slow. However, even as existing home sales fell 17.8% to a reading of 310.64.

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Inventory Housing Market Contracts Realtors 363

Housing Wire

FEBRUARY 8, 2023

With a turbulent housing market and a volatile rate environment playing out over much of the past year, concern about housing affordability has hit a fever pitch. Three housing policy experts recently joined HW Media COO Diego Sanchez to discuss the potential shifts in housing affordability over the next year.

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