Housing Wire

SEPTEMBER 20, 2023

In the week leading up to the Federal Open Market Committee meeting, mortgage applications finally ticked up. 15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 31.6% For the week that ended Sept.

Mortgage 387

Mortgage Inventory Contracts Buyers 387

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. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

SEPTEMBER 6, 2023

Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. Meanwhile, the adjustable-rate mortgage (ARM) share of activity decreased to 6.7%

Mortgage 411

Mortgage Contracts Inventory Buyers 411

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. It is still facing limited for-sale inventory and struggling with affordability issues. Lastly, the U.S.

Mortgage 365

Mortgage Contracts Inventory Marketing 365

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t have time? That’s up 1.5%

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

NOVEMBER 6, 2023

Consumers care about home prices and mortgage rates; the industry cares about transaction volume. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. Inventory continues to build There are 567,000 single-family homes on the market. Housing inventory.

Housing Market 475

Housing Market Marketing Inventory Contracts 475

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% You also know that new listings are up over last year, too. Short on time? from last week.

New Listings 479

New Listings Contracts Inventory Housing Market 479

Housing Wire

NOVEMBER 14, 2023

As 2023 draws to a close soon, housing inventory has been rising very late in the year. Here are some key housing market data takeaways: Inventory peaks for the year There are 567,000 single-family homes on the market, which is unchanged from last week. Remember the Altos rule: If rates go up, inventory will build in 2024.

Housing Market 421

Housing Market Marketing Inventory Contracts 421

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. 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 7.12% as of Sept. 7, down from last week ’s 7.18%.

Housing Market 400

Housing Market Mortgage Marketing Contracts 400

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. Most years, available inventory of unsold homes on the market peaks in August. This year inventory is still climbing.

Contracts 402

Contracts Inventory Buyers New Listings 402

Housing Wire

MARCH 15, 2024

Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. Such homes went under contract typically after 17 days on the market.

New Listings 436

New Listings Inventory Home Value Contracts 436

Housing Wire

AUGUST 9, 2023

Mortgage applications fell for the third consecutive week as the 30-year fixed mortgage rate rose to its highest level since November 2022 at 7.09%. For the week that ended August 4, mortgage applications fell 3.1% from the prior week , according to data from the Mortgage Bankers Association. The downgrading of the U.S.

Mortgage 311

Mortgage Contracts Government Inventory 311

Housing Wire

DECEMBER 4, 2023

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. Inventory is 1.2% housing market in 2024.

Housing Market 483

Housing Market Marketing Inventory New Listings 483

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. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2023, to $430,800, and increase by 3.5%

Inventory 355

Inventory Contracts Housing Market Realtors 355

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

OCTOBER 24, 2023

Inventory is up as homes sit for longer As of Oct. Inventory is growing faster than last year at this time. Housing supply shows no signs of easing There were 325,000 single-family homes in the contract-pending stage, or 6% fewer home sales than last year. Meanwhile, we saw 55,000 new contracts for single-family homes this week.

Contracts 457

Contracts Inventory New Listings Housing Market 457

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 374

Housing Market Marketing Contracts Finance 374

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. from September, with 1.15

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. In-contract deals rose 0.7%

Contracts 282

Contracts Realtors Home Value Housing Market 282

Housing Wire

APRIL 29, 2021

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 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 414

Contracts Inventory Construction Realtors 414

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.

Mortgage 326

Mortgage Marketing Investors Lending 326

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%. The median existing-home sale price rose 2.8%

Inventory 439

Inventory Housing Market Contracts Realtors 439

Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. from the week prior.

Inventory 378

Inventory Contracts Government Mortgage 378

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? for purchase mortgage origination, and he is taking the stage at HW Annual. Weaver currently serves as an originator at CrossCountry Mortgage. Mindset is everything. Weaver is the No. 1 LO in the U.S.

Real Estate Agent 248

Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Find them the right home Inventory is scarce, and will likely stay that way for a while. There are other ways to find inventory rather than just using your MLS.

Clients 383

Clients Real Estate Inspection Buyers 383

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.

Housing Market 415

Housing Market Contracts Government Buyers 415

Housing Wire

MAY 5, 2022

Mortgage rates are increasing and demand is beginning to level out. Now, these younger buyers are driving financial institutions to adapt to their expectations for more streamlined user experiences , accelerating digital transformations with new technology that will move the mortgage industry into a truly digital age. . A look forward.

Mortgage 348

Mortgage Buyers Technology Lending 348

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. The company also offers mortgage financing, title services , and insurance agency services through its subsidiaries. Horton family,” Donald R.

Contracts 365

Contracts Development Insurance Construction 365

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month New Home Supply.

Inventory 543

Inventory Construction Government Housing Market 543

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. So, the bar is still low if mortgage rates can come down and the builders can sell more homes. million new homes being sold.

Construction 522

Construction Business Contracts Marketing 522

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. Low inventory has propped up home prices in many markets,” she said. to a reading of 310.64.

Inventory 363

Inventory Housing Market Contracts Realtors 363

Housing Wire

SEPTEMBER 14, 2022

Financial advisory firm Mortgage Capital Trading (MCT) notes that the strong inflation numbers released yesterday , September 13, make it likely that the Federal Reserve will be more aggressive in its next round of rate hikes. “A Philadelphia — Homebuilders reported that contract signings for new homes continued to fall modestly.

Construction 369

Construction Real Estate Inventory Supply Chain 369

Housing Wire

DECEMBER 23, 2022

The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand. Average mortgage rates jumped above 7% in November and have settled around 6.5%

Housing Market 353

Housing Market Marketing Inventory Buyers 353

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

APRIL 25, 2023

Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several months,” Lazzara said. However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. to a reading of 297.68.

Inventory 314

Inventory Contracts Buyers Sellers 314

Housing Wire

MARCH 28, 2023

Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several.” Persistent challenges related to low inventory , however, will prevent home prices from falling dramatically. to a reading of 109.07.

Buyers 359

Buyers Inventory Contracts Finance 359

Housing Wire

NOVEMBER 28, 2023

Mortgage rates climbed over the period, reaching 7.3% Low levels of existing home inventory contributed to keeping home prices elevated. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that it tracks homes that went into contract in July, August and September.

New Listings 327

New Listings Contracts Inventory Sellers 327