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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. The housing market won’t be like this forever.

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The nation’s housing market is on a correction course

Housing Wire

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. Freddie Mac projects that home-price growth will average 12.8%

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New home sales fell again in February

Housing Wire

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 months supply. This is an increase of 3.3% after a 10.4% drop in January.

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Home prices haven’t risen this fast since 2005

Housing Wire

” Technology for navigating secondary market challenges. In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

With material and labor shortages, and supply chain issues it is taking a year-and-a-half to two years to complete a property. The III said 1.265 million California homes were at risk for extreme wildfires in 2022, more than 400,000 than the next highest state.

Insurance 334
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Market Still Strong as Low Inventory Persists- February Newsletter

DW Slater Company

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Our markets are still strong. The demand for housing decreased with the higher mortgage rates as it decreased buyer power.

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How Will War, Inflation and Rising Interest Rates Affect the Real Estate Market

Eppraisal

From the Russian invasion of Ukraine to continued supply chain disruptions to increasing urban crime to inflation -- always inflation -- we are bombarded with challenging circumstances and pessimistic forecasts. Freddie Mac -- the federally-backed mortgage investor -- reports that mortgage rates dipped from 3.89