Housing Wire

AUGUST 30, 2023

“Purchase applications increased but were still 27 percent lower than a year ago, as elevated mortgage rates and tight housing inventory continue to weigh on home-buying activity,” Kan added. Government refinance applications dropped more than 10% last week. Also noteworthy, a 7.9% Lastly, the U.S. a week prior.

Mortgage 392

Mortgage Contracts Government Inventory 392

Housing Wire

JUNE 8, 2022

Only government refinances saw a slight increase last week,” Kan said. The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. year over year. .

Mortgage 393

Mortgage Inventory Contracts Retail 393

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. pending home sales slid for the third consecutive month in November, dropping 2.6% Presented by: WFG.

Contracts 532

Contracts Inventory Realtors Government 532

Housing Wire

APRIL 26, 2023

Borrowers’ demand increased for conventional and government loans, up 4.50% and 1.20% from one week earlier, respectively. Both conventional and government home purchase applications increased last week. Altos Research data shows that inventory rose from 405,468 to 414,010 from April 14 to 21. Mortgage apps also rose 4.7%

Mortgage 393

Mortgage Loan Officers New Listings Government 393

Housing Wire

DECEMBER 8, 2021

3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) decreased to 3.30%, one basis point down from the previous week.

Mortgage 433

Mortgage Government Contracts Inventory 433

Housing Wire

FEBRUARY 3, 2021

. “The one-week reversal in the recent upswing in rates drove an increase in both conventional and government refinance activity, as borrowers continue to lock in these historically low rates,” Kan said. ” The FHA share of total mortgage applications decreased to 9.1% the week prior. from 12.4% the week prior.

Mortgage 422

Mortgage Contracts Government Inventory 422

Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. from 12.3% the week prior.

Mortgage 414

Mortgage Contracts Government Inventory 414

Housing Wire

AUGUST 25, 2021

Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.” ” Kan also noted that purchase applications for both conventional and government loans increased on the week that ended Aug. of total applications. the week prior.

Mortgage 393

Mortgage Contracts Government Inventory 393

Housing Wire

FEBRUARY 17, 2021

The housing market in early 2021 continues to be constrained by low inventory and higher prices. Conventional and government applications to buy a home declined last week, but purchase activity overall is still strong – up 15% from last year,” Kand said.

Mortgage 433

Mortgage Contracts Government Inventory 433

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”. the previous week.

Mortgage 389

Mortgage Contracts Construction Government 389

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory.

Inventory 403

Inventory Contracts Government Mortgage 403

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%.

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

SEPTEMBER 1, 2021

The seasonally adjusted purchase index dropped 2% compared to the previous week and was 16% lower than it was a year ago, largely due to soaring prices and paltry inventory. Even with a slight increase, purchase activity hit its highest level since early July, as applications for conventional and government loans increased.”

Inventory 382

Inventory Contracts Government Mortgage 382

Housing Wire

DECEMBER 2, 2020

“Purchase activities continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,” Kan said. Housing demand remains strong, and despite extremely tight inventory and rising prices, home sales are running at their strongest pace in over a decade.”.

Mortgage 324

Mortgage Contracts Government Inventory 324

Housing Wire

NOVEMBER 24, 2021

“Both conventional and government loan applications increased, and the average loan size for a purchase loan was at $407,200, continuing its ongoing 2021 run of being mostly above $400,000,” Kan said. year-over-year, and purchase apps decreased 6% in the same period, a symptom of even lower levels of inventory.

Mortgage 424

Mortgage Contracts Government Inventory 424

Housing Wire

JANUARY 27, 2021

“In a sign that borrowers are increasingly more sensitive to higher rates, large declines in government purchase applications and refinance applications pulled overall activity lower,” Kan said. All other mortgage rates in the survey posted a decline. The FHA share of total mortgage applications increased to 9.4% the week prior.

Mortgage 317

Mortgage Contracts Government Inventory 317

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. “Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications,” Kan said.

Mortgage 382

Mortgage Inventory Retail Housing Market 382

Housing Wire

JANUARY 19, 2022

The continued rise in purchase loan application sizes is driven by high home price appreciation and the lack of housing inventory on the market – especially for entry-level homes,” Kan said. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased from 3.52% to 3.64%.

Mortgage 393

Mortgage Contracts Government Inventory 393

Housing Wire

APRIL 12, 2023

” There was increased demand for government loans in particular, with the Federal Housing Administration (FHA) share of total purchase applications increasing to 12.3% In turn, housing inventory has dwindled month after month — furthering affordability issues and causing the spring buying season to miss its expected burst.

Mortgage 378

Mortgage Retail Housing Market Contracts 378

Housing Wire

MARCH 16, 2022

That’s led to a significant decline in refinance activity, both for conventional and government loans. The seasonally adjusted purchase index increased 1% from one week earlier; the unadjusted purchase index increased 2% from the prior week but was 8% lower than the same week a year ago, largely due to a decline in inventory.

Supply Chain 382

Supply Chain Mortgage Contracts Government 382

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

DECEMBER 21, 2023

My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. REALITY: The appraisal process is similar to conventional and other government-sponsored loans. The VA approves and contracts with local appraisal professionals to ensure a seamless process.

Mortgage 433

Mortgage Renovations Appraisal Process Finance 433

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. Tozer suggested “a fee of 1.3%

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

MARCH 2, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.15% from 4.06% the week prior. Although there was an increase in government refinance applications, higher rates continue to push potential refinance borrowers out of the market,” Kan said in a statement.

Mortgage 370

Mortgage Retail Contracts Government 370

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) Let’s use $10,000 as an example.

Agents 404

Agents Buyers Sellers Inventory 404

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

Inventory 420

Inventory Buyers Agents Real Estate 420

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space.

Mortgage 429

Mortgage Lending Retail Business 429

Hank Miller Team

OCTOBER 6, 2022

We examine list price, contract price and sold price. for contracted homes -3.4 for contracted homes +13.3 for contracted homes +32.8 This was the heart of the pandemic – also when the government handed out trillions and artificially held down mortgage rates. for contracted homes +46.7

Supply Chain 52

Supply Chain Contracts Housing Market Inventory 52

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.

Mortgage 392

Mortgage Marketing Investors Lending 392

Housing Wire

JULY 28, 2022

economy shrunk, driven by decreases in private inventory investment, mainly general merchandise stores and motor vehicle dealers, and declines in residential fixed investment, especially broker’s commissions. Government also decreased its spending during the second quarter. According to the BEA, the U.S Meanwhile, the U.S.

Contracts 302

Contracts Government Housing Market Investing 302

Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. In this market, we are seeing a lot of appraisal gaps being written into contracts. Prepare for bidding wars ahead of time. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 418

Marketing Mortgage Investors Sellers 418

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

SEPTEMBER 7, 2023

The government-sponsored enterprises (GSEs) including Fannie Mae and Freddie Mac as well as the Federal Housing Administration (FHA) would likely have to weigh in, loan officers said. “I I think listing agents are going to win. Fannie Mae, Freddie Mac and the U.S.

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Eppraisal

DECEMBER 6, 2022

Given the fact that the available inventory of houses is relatively modest -- and has been for a number of years -- it is little surprise that overall home value inches up. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. In this market, we are seeing a lot of appraisal gaps being written into contracts. Prepare for bidding wars ahead of time. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78