Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%.

Inventory 478

Inventory Buyers Construction Sellers 478

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.

Housing Market 378

Housing Market Mortgage Marketing Inventory 378

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Following are excerpts of statements on housing conditions from each of the 12 Federal Reserve districts.

Real Estate 420

Real Estate Inventory Construction New Listings 420

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

Inventory 451

Inventory Renovations Real Estate Government 451

Housing Wire

MAY 17, 2023

in March , housing starts were back up again in April, according to a report released Wednesday by the U.S. Department of Housing and Urban Development (HUD). Despite this increase, housing starts were down 22.3% While housing starts were up in April, the number of permits issued was down 1.5% After falling 0.8%

Inventory 366

Inventory Construction Development Housing Market 366

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Consumers are very sensitive to changes in mortgage rates , and rates are still rising. from last week.

Inventory 482

Inventory Contracts New Listings Mortgage 482

Housing Wire

DECEMBER 18, 2023

A decline in mortgage rates since November helped end four months of declines in builder confidence. Recent economic readings suggest improving housing conditions in 2024. According to NAHB Chief Economist Robert Dietz, the peak in mortgage rates for this cycle is behind us, which should help “to spur buyer demand in the coming months.”

Mortgage 459

Mortgage Development Buyers Housing Market 459

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. million or higher.

Housing Market 448

Housing Market Marketing Inventory Investors 448

Housing Wire

AUGUST 14, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housing market. A score of 30 denotes a balanced market.

Housing Market 297

Housing Market Marketing Inventory Agents 297

Housing Wire

JANUARY 19, 2023

As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0% Department of Housing and Urban Development. compared to 2021, according to a report released Thursday by U.S.

Inventory 383

Inventory Construction Development Housing Market 383

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates.

Inventory 398

Inventory Construction Housing Market Finance 398

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up.

Housing Market 424

Housing Market Marketing Inventory Lending 424

Housing Wire

OCTOBER 18, 2023

Housing starts climbed to a seasonally adjusted annual rate of 1,358,000 in September, according to U.S. Department of Housing and Urban Development and U.S. To boost sales, builders have been offering different concessions such as upgrades or buying down mortgage rates. Census Bureau data. decline from August.

Construction 413

Construction Development Inventory Mortgage 413

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Overall, annual mortgage origination levels are expected to be $2.8

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

MAY 23, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. In April, the sales pace of new homes rose 4.1%

Inventory 380

Inventory Construction Development Buyers 380

Housing Wire

JANUARY 29, 2024

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year. If mortgage rates get down to 5%, then I think there is a nonlinear piece to it.

Housing Market 449

Housing Market Marketing Mortgage Investors 449

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 355

Mortgage Real Estate Inventory Construction 355

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.”.

Housing Market 544

Housing Market Marketing Construction Development 544

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Overall, there are approximately more than 4.2 Presented by: CreditXpert.

Inventory 498

Inventory Construction Housing Market Business 498

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. According to DeGiorgio, mortgage rates would have to drop well below 5.0%

Housing Market 322

Housing Market Marketing Investors Development 322

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 377

Inventory Renovations Supply Chain Buyers 377

Housing Wire

MAY 18, 2024

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. However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen.

New Listings 440

New Listings Inventory Mortgage Contracts 440

Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). That more or less lined up with mortgage application data for new builds , which showed demand up 26% year-over-year in June but down 5% from May. “New At the current sales pace this inventory represents 7.4 from a month prior, but down 3.6%

Housing Market 336

Housing Market Marketing Construction Inventory 336

Housing Wire

APRIL 17, 2023

As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing.

Inventory 366

Inventory Loan Conditions Buyers Housing Market 366

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The 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 6.81% as of July 6, up significantly from last week ’s 6.71%.

Mortgage 378

Mortgage Construction Inventory Investors 378

Housing Wire

DECEMBER 22, 2023

Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently. We did have three negative revisions, which ran with the period when mortgage rates rose to 8%. Census Bureau and the Department of Housing and Urban Development. This is 12.2 percent (±15.6 percent (±19.8

Mortgage 503

Mortgage Marketing Construction Inventory 503

Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. Censes Bureau releases each month.

Inventory 492

Inventory Construction Contracts Mortgage 492

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The Mortgage Bankers Association projects that of $2.4

Housing Market 407

Housing Market Marketing Brokerage Real Estate 407

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

Mortgage 449

Mortgage Inventory Housing Market Construction 449

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. It appears that securitization market has arrived.

Housing Market 382

Housing Market Marketing Contracts Finance 382

Housing Wire

OCTOBER 25, 2023

New home sales figures exceeded projections in September despite mortgage rates at 23-year high, declining mortgage applications and waning builder confidence. Census Bureau and the Department of Housing and Urban Development ( HUD ). Meanwhile, the median sales price for a new house in September was $418,800, down 3.3%

Inventory 368

Inventory Construction Housing Market Finance 368

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. In February, mortgage rates averaged 6.78%, up from 6.64% in January, according to Freddie Mac data.

Construction 375

Construction Inventory Housing Market Finance 375

Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? On the other hand, mortgage rates have gone down more than 1% since Oct. This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. percent (±18.5

Mortgage 536

Mortgage Construction Buyers Inventory 536

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday.

Buyers 338

Buyers Housing Market Insurance Construction 338

Housing Wire

AUGUST 31, 2021

In light of the state of the housing market, HousingWire sat down with Nomis Solutions Chief Revenue Officer Matt Woolley to discuss why agility, speed and a better customer experience are more important than ever. HousingWire: What about today’s housing market makes speed and agility so crucial for lenders?

Housing Market 378

Housing Market Marketing Architecture Sellers 378