Housing Wire

JANUARY 2, 2023

Annual home price growth continued to slow in October, with the year-over-year price gain shrinking for the seventh consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released last Tuesday. Nationwide home prices posted a yearly gain of 9.2%

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Housing Wire

SEPTEMBER 28, 2021

July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. annual gain for the year ending in July 2021, up from 18.7% The Case-Shiller 10-city home price index rose 19.1%

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Housing Wire

APRIL 20, 2022

With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the latest survey by the Mortgage Bankers Association. The drop was largely driven by an 8% decline in refinancing applications, which was 68% lower than the same week one year ago. the previous week.

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Housing Wire

SEPTEMBER 21, 2020

year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. In our latest forecast, national home price growth will slow to 0.6%

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Housing Wire

JUNE 29, 2021

Home prices in April saw an annual gain of 14.6% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. home price gain in the National Composite is literally the highest reading in more than 30 years of S&P CoreLogic Case-Shiller data,” Lazzara said.

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Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. Both metrics are considerably better than May 2022. Builder pricing activity remained mixed.

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

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Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept. Presented by: Nomis Solutions.

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Housing Wire

JUNE 17, 2021

Phoenix, Austin, Sacramento, Las Vegas and Miami reported the biggest increase in home prices in May, according to a recent report from Redfin. Home prices in Austin were up 42.4% year over year in May to $470,000, the biggest increase of the 88 largest U.S. Prices in Las Vegas (up 18.4%

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Housing Wire

JULY 13, 2022

Driven by surging prices in gasoline, shelter and food, inflation in the U.S. in June, the highest level in 40 years, the Bureau of Labor Statistics reported Wednesday. In June, the Consumer Price Index (CPI) reached 1.3% In June, the Consumer Price Index (CPI) reached 1.3% more to fill their tanks with gasoline.

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Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. A year ago at this time, rates averaged 3.01%. A year ago at this time, rates averaged 3.01%. Presented by: FormFree.

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Housing Wire

SEPTEMBER 11, 2023

HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics , about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. What economic factors are influencing the increase in REO acquisitions?

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Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% year over year. That’s the largest year over year existing home sales decrease since 2007. The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”.

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Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. The underwriting requirements for homes are getting a lot more strict. “The

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Housing Wire

MAY 24, 2023

zip codes, though most homeowners with flood insurance in America will pay less than they currently do. zip codes, though most homeowners with flood insurance in America will pay less than they currently do. Congress has capped annual hikes at 18%, so it will take at least five years for affected homeowners to hit the full rate.

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Housing Wire

NOVEMBER 25, 2020

After two weeks of decreasing numbers, mortgage applications increased 3.9% The refinance index jumped up 5% from the previous week and is now up 79% over last year’s totals from the same week. Furthermore, purchase activity has surpassed year-ago levels for over six months.”. Refinance applications climbed even higher.

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Housing Wire

AUGUST 11, 2021

Mortgage applications increased 2.8% 6, and there are signs that at least some first-time homebuyers are finding opportunities despite high home prices. Ten-year Treasury yields rose slightly at the end of last week after the July jobs report exceeded expectations. Rates have struggled to surpass 3% for most of this year.

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Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Treasury announced that it would sell off more than $100 billion of long-term securities. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time. The following day, the U.S.

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Housing Wire

JULY 14, 2022

With rates the highest in over a decade, home prices at escalated levels, and inflation continuing to impact consumers, affordability remains the main obstacle to homeownership for many Americans.”. The federal government on Wednesday reported that the consumer price index rose 9.1%

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Housing Wire

JANUARY 5, 2022

The holiday adjusted Refinance Index decreased 2% from two weeks ago and was 40% lower than the same week one year ago. Mortgage applications increased 2% the week prior, largely due to an increase in Federal Housing Administration refinances. The refinance share of mortgage activity increased to 65.4% from 11.4%

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Housing Wire

AUGUST 25, 2021

The purchase index was at its highest level since early July, though it was still down 16% from the same time last year. “ Mortgage rates slightly declined as a result, with the 30-year fixed rate decreasing for the first time in three weeks. . Mortgage applications rose 1.6% on the week ending Aug. of total applications.

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Housing Wire

NOVEMBER 11, 2020

That’s despite the 30-year fixed rate decreasing to 2.89% — an all-time survey low. The refinance index, however, increased by 1% from the previous week – and is a robust 67% higher than the same week in 2019. from a year ago,” Kan said. The VA share of applications increased to 12.6% from 11.1%

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Housing Wire

MARCH 10, 2021

After a slight increase in late February , mortgage applications dipped 1.3% “Loan sizes moderated for the second straight week, which is potentially a sign that more first-time buyers are entering the market,” Kan said. The refinance index decreased 5% from the previous week and was 43% lower than the same week one year ago.

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Housing Wire

DECEMBER 3, 2020

months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days. months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days. That has led to a sharp increase in the median home price to $390,000, a 16.4%

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Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. The 10-year Treasury Yield for Sept. for the past two weeks. for the past two weeks.

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Housing Wire

AUGUST 18, 2021

Ten-year Treasury yields rose overall but tapered off slightly at the end of last week , and 30-year mortgage rates tracked by the MBA reached 3.06%. Mortgage rates were at their highest levels in around a month, with the 30-year fixed rate increasing above 3% to 3.06%. Mortgage applications decreased 3.9%

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Housing Wire

FEBRUARY 17, 2021

Since hitting a survey low in December, the 30-year fixed rate has slowly risen, and last week climbed to its highest level since November 2020,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The housing market in early 2021 continues to be constrained by low inventory and higher prices.

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Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. A year ago at this time, rates were at 3.13%. Mortgage rates have increased 1.5

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Housing Wire

APRIL 30, 2021

Historically, retirees have always put Scottsdale high on their list of destinations when looking to take advantage of lower home prices, larger lots, agreeable weather and low cost of living. Over the past 10 years, Arizona has enjoyed the ninth-largest population increase in the past 10 years, up 11.8%

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Housing Wire

FEBRUARY 3, 2021

The refinance index also increased 11% from the previous week – up to its highest level since March 2020 – and was 59% higher year-over-year. The seasonally adjusted purchase index increased 0.1% The seasonally adjusted purchase index increased 0.1% the week prior. . the week prior. from 12.4%

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Housing Wire

MARCH 30, 2022

According to the MBA, refi applications fell 15% from the prior week and 60% from a year ago. Meanwhile, the seasonally adjusted purchase index increased 0.64% from one week earlier, showing resilience while rates climb, but was still down 10.1% year over year. year over year. in the current survey.

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Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. “It can’t be my forever home if I can’t afford it.”

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Housing Wire

SEPTEMBER 10, 2020

Mortgage lenders continued to be optimistic in the third quarter, with 48% of lenders saying they think profit margins will increase compared to the prior quarter, according to Fannie Mae ‘s Mortgage Lender Sentiment Survey. For the third consecutive quarter, lenders’ profitability outlook has remained a strong positive.”.

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Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. Total year-end sales volume ended at 5.64 million units , and some experts say it could reach 8 million if there were more inventory. More Remote Contact.

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Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

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Housing Wire

DECEMBER 27, 2022

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. Over the past 14 years, FHA has insured 9.1

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Housing Wire

MARCH 13, 2023

This seasonal trend came back last year and then we had even more people mov-ing back who had left at the onset of the COVID-19 pandemic. It is still kind of a weird market, but it is going back to a little bit more normal.” But, home prices were still up over 15% year over year, ac-cording to Redfin.

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