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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. It is just a super tight housing market. I haven’t seen anything like this here, and I’ve been doing this since 2000,” Richardson said. “I think what’s going on is a shock to people in the Austin market,” Van Dyke said.

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As mortgage rates hit a two-decade high, mortgage applications tick down

Housing Wire

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist. from 11% the week prior. Lastly, the U.S.

Mortgage 440
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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

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Annual home-price growth cooled further in February

Housing Wire

Because most home sales take several months from contract to closing, the data likely includes some deals struck in October and November. The Case-Shiller home price indices for February is a three-month average of closing prices in December, January and February. to a reading of 297.68. The 10-city home price index also posted a 0.4%

Inventory 394
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Mortgage applications dipped 6% continuing 3-week decline

Housing Wire

Mortgage applications declined for the third week in a row, reaching the lowest level since 2000,” Joel Kan, associate vice president of economic and industry forecasting at MBA. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 5.82%, from the previous week’s 5.74%.

Mortgage 384
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Purchase market is poised to topple refi’s reign in 2021

Housing Wire

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83

Marketing 466
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Why the US MLS system is the envy of other countries

Housing Wire

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. No one helps them with the negotiation process.