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House flipping hits lowest level since 2000

Housing Wire

of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. The post House flipping hits lowest level since 2000 appeared first on HousingWire. Only 2.7%

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Mortgage apps decline 2.3% to the lowest level since 2000

Housing Wire

Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. to the lowest level since 2000 appeared first on HousingWire.

Mortgage 348
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Circa 2000: What agents need to know about Y2K(itchens) and baths

Inman

Agent Design Lifestyle Listings Luxury Lens Marketing New Agent Select Service 2000 Gerard Splendore home design mcmansion mcmansions

Agents 128
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First American: Rising Mortgage Rates, Stagnant Incomes Create Home Affordability Crisis

Appraisal Buzz

since January 2000. First American Financial Corp. ’s s May 2022 First American Real House Price Index (RHPI) shows real house prices increased 50.8% year over year but median household income has only increased 4.6% since May 2021 and 71.7%

Appraisal 367
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Increasing Open Jobs in Construction

Eyes on Housing

The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year.

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Construction Job Openings Jump

Eyes on Housing

This is the highest measure in the history of the data series (going back to late 2000). The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April.

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Steady Number of Open Construction Jobs

Eyes on Housing

The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year.

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Construction Job Openings Surge

Eyes on Housing

The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). The labor market continues to tighten, especially for the construction industry.

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Slight Rise for Construction Job Openings

Eyes on Housing

The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year.

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Strong Year-over-Year Gains for Construction Job Openings

Eyes on Housing

The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure in the history of the data series (going back to late 2000), 445,000 in October. The construction labor market remains tight, as the levels of quits rise.

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Top Six Misconceptions About Machine Learning

Appraisal Buzz

BLOG VIEW: Machine learning grew in popularity in the late 2000’s, when Google and others demonstrated the importance of data and how machine learning could put it to work.

Appraisal 370
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More New Homes Built with Air Conditioning

Eyes on Housing

The trend, going back to 2000, shows a steady rise in the share. The Census Bureau’s Survey of Construction (SOC) provides valuable information on the characteristics of new homes started construction, such as air conditioning and heating system installations. Air Conditioning In 2020, 95.4

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Buyers’ FOMO on Lower Rates May Cause Increase in Home Purchases Before Spring

Appraisal Buzz

less expensive than in January 2000. “In First American Financ i al Corp. has released the November 2021 First American Real House Price Index (RHPI). Real house prices increased 1.5% between October 2021 and November 2021, and increased 21% between November 2020 and November 2021. Real house prices are 5.6% In November, year-over-year nominal house price appreciation reached 21.5

Buyers 284
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Year-over-Year Gains for Construction Job Openings

Eyes on Housing

The highest measure in the history of the data series (going back to late 2000) was 445,000 in October 2021. The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year.

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Almost Even Split Between Natural Gas and Electric Heating Systems in New Homes

Eyes on Housing

The trend, going back to 2000, shows a steady rise in the share of. The Census Bureau’s Survey of Construction (SOC) provides valuable information on the characteristics of new homes started construction, such as air conditioning and heating system installations.

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Gateway First Bank, Sagent Extend Residential Mortgage Partnership

Appraisal Buzz

Since its inception in 2000, Gateway. Sagent , a fintech company focused on mortgage and consumer loan servicing for banks and lenders, has signed a multi-year partnership extension with Gateway First Bank.

Appraisal 195
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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

Founded in 1986 as Guaranty Trust , the firm started out as a local retail lender and entered the third-party origination (TPO) space in 2000. Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending.

Retail 322
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Mortgage delinquency rates improve across the board

Housing Wire

month over month to hit another record low in January, dating back to at least 2000 when Black Knight began reporting the metric.

Mortgage 342
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US housing market is short 5.5 million homes, NAR says

Housing Wire

From 1968 to 2000, the total stock of U.S. Residential fixed investment (RFI) — the sector of economic activity that accounts for housing construction and renovation — accounted for approximately 5% of the country’s total gross domestic product between 1968 and 2000.

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Paul Garrigues named CFO of Waterstone Mortgage

Housing Wire

Founded in 2000, Waterstone Mortgage is a wholly-owned subsidiary of Waterstone Bank SSB , which is a wholly-owned subsidiary of Waterstone Financial. Pewaukee, Wisconsin-based lender Waterstone Mortgage Corporation named Paul Garrigues as the company’s new chief financial officer.

Mortgage 297
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Waterstone names Jennifer George VP of investor relations and credit policy

Housing Wire

Founded in 2000, Waterstone Mortgage focuses primarily on purchase loans and offers a variety of home loan programs, including conventional, FHA, VA, and USDA loans, along with several no- and low-down-payment options and specialty programs for medical professionals, first-time homebuyers, etc.

Investors 245
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Quality control provider Inco-Check rebrands as QC Ally

Housing Wire

Inco-Check, a provider of QC and audit solutions, was founded in 2000 and acquired in May by Narrow Gauge Capital. Inco-Check is rebranding to QC Ally , the company announced Wednesday.

Logistics 322
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What happens after the Fed’s rate hike?

Housing Wire

In 2000, we saw a lot of credit stress in the system. Total inventory in America grew from 2000 to 2005 while demand grew. However, total inventory levels today are below 2019, 2014, 2007, 2005, and 2000 levels because homeowners are in a good place financially.

Law 504
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Lenders One opens first branch inside a Walmart

Housing Wire

Founded in 2000, Lenders One Cooperative has a network of more than 250 independent mortgage bankers, banks, credit unions, correspondent lenders, and suppliers of mortgage products and services.

Retail 395
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Welcome to Walmart. Here’s your mortgage

Housing Wire

Founded in 2000, Lenders One Cooperative has a network of more than 240 independent mortgage bankers, banks, credit unions, correspondent lenders, and suppliers of mortgage products and services.

Mortgage 488
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Purchase lock counts drop to 9-year low as Fed signals more rate hikes

Housing Wire

The last month of 2022 also marked the fewest overall rate lock counts on record since January 2000, when Black Knight began reporting origination metrics. .

Buyers 448
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Coldwell Banker franchise affiliate acquires Point Mortgage

Housing Wire

Founded by Peter Mendiola and Johnny Margarini in 2000, Point Mortgage sponsors 126 MLOs and is licensed in 30 states with 27 branches across the country, according to the NMLS. Coldwell Banker franchise affiliate Coldwell Banker Real Estate Group acquired California lender Point Mortgage , the firms announced on Wednesday.

Mortgage 211
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Mortgage demand dipped as the Fed announced interest rate hike 

Housing Wire

The refinance index dropped 4% from the previous week, hitting its lowest level since August 2000. Potential homebuyers stayed on the sidelines for mortgages amid the Federal Reserve ’s announcement of another interest rate hike.

Mortgage 328
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In a bad mortgage market, these are areas of opportunity for lenders

Housing Wire

Last week, mortgage application volume reached the lowest level since 2000 due to a weakening economic outlook, high inflation and affordability challenges, the Mortgage Bankers Association (MBA) said. .

Mortgage 380
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Waterstone Mortgage hires new digital marketing director

Housing Wire

The lender, founded in 2000, is a wholly owned subsidiary of WaterStone Bank SSB, which in turn is a wholly owned subsidiary of Waterstone Financial, Inc.

Mortgage 314
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FormFree and Docutech team up with integration

Housing Wire

Docutech, founded in 1991 by Ty Jenkins and acquired by First American in 2000, completed more than 700,000 eClose, hybrid eClose and remote online notarization (RON) for mortgage lenders, the firm said.

Retail 353
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Stearns Lending to lay off 348 workers

Housing Wire

Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns.

Lending 325
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Freddie Mac names Musalem to board of directors

Housing Wire

Prior to that, he held various positions at Tudor Investment Corporation from 2000 to 2013, including managing director, partner and global head of research. He previously served as an economist at the International Monetary Fund from 1996 to 2000.

Finance 252
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Guaranteed Rate to acquire Stearns Lending

Housing Wire

Guaranteed Rate, founded in 2000 and known for its robust retail operations, has been growing in stature in recent years. Chicago-based lender Guaranteed Rate is acquiring multi-channel lender Stearns Holdings for an undisclosed sum, multiple sources told HousingWire Tuesday.

Lending 537
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Here’s why new home sales are up along with prices

Housing Wire

We are well below the 2000 recession level and back to 1996 levels. When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Kang, an LO who worked at Wells Fargo between 2000 and 2015, alleged that the bank paid advances on commissions at a rate of $12 per hour but then clawed it back. Wells Fargo agreed to pay $95.7

Legal 486
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QC Ally hires Kristin Broadley as its chief innovation officer 

Housing Wire

Founded in 2000, the QC provider was acquired in March by Narrow Gauge Capital. “I Loan quality and audit services company QC Ally announced on Tuesday that Kristin Broadley has joined the company as its new chief innovation officer.

Clients 296
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Narrow Gauge Capital acquires Inco-Check

Housing Wire

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements.

Logistics 261
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Guaranteed Rate closes Stearns wholesale channel

Housing Wire

Founded in 2000 and known for its robust retail operations, Guaranteed Rate has been growing in stature in recent years. Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender.

Retail 391
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Lawsuits, red tape & interest rates: Do mortgage JVs have staying power?

Housing Wire

Founded in 2000 by its current CEO, Victor Ciardelli, Guaranteed Rate has Chicago brand recognition after it paid $2 million a year to rename where the White Sox play baseball. This is part two of a two-part series on joint ventures in the housing industry.

Mortgage 286