Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. It is still facing limited for-sale inventory and struggling with affordability issues.

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Mortgage Contracts Inventory Marketing 437

Housing Wire

SEPTEMBER 21, 2023

The other difference in this housing cycle is that credit is very normal, meaning everyone has to qualify for a home loan these days, so sales have real potential to get hard with rising mortgage rates. Inventory still negative year over year From NAR: Total housing inventory registered at the end of August was 1.1

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Inventory Housing Market Mortgage Marketing 517

Housing Wire

FEBRUARY 24, 2023

Mortgage delinquencies were down across the board in January, with the overall national delinquency rate declining to 3.38%, a drop of 10 basis points from December, according to Black Knight ’s month-end mortgage performance statistics. Inventories that were 90-plus days late on mortgage payments increased largely in Florida.

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Mortgage Inventory Lending Marketing 397

Housing Wire

APRIL 25, 2023

Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several months,” Lazzara said. However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally.

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Inventory Contracts Buyers Sellers 389

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. In 2000, we saw a lot of credit stress in the system. Total inventory in America grew from 2000 to 2005 while demand grew.

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Law Inventory Lending Mortgage 517

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

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Supply Chain Housing Market Construction Inventory 500

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% homeownership rate was close to a record high in census data going back to 2000. Latinos have historically relied on low down payment mortgage options for home purchases. In total, more than 9.5 of overall U.S. And the 49.5%

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Real Estate Agent Real Estate Buyers Realty 458

Housing Wire

APRIL 23, 2021

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. trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28

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Marketing Housing Market Inventory Mortgage 466

Empire Appraisal Group

SEPTEMBER 8, 2022

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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Housing Market Marketing Real Estate New Listings 78

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

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Housing Market Marketing Inventory Sellers 546

Cleveland Appraisal Blog

OCTOBER 14, 2021

At that time, the handful of bad appraisers doing this kind of thing were also getting a lot of business from lenders and mortgage companies, because they were hitting the numbers, while honest appraisers were beginning to lose business. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month We only have 2.6 economy.

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Inventory Housing Market Marketing New Listings 528

Empire Appraisal Group

APRIL 13, 2023

Wall Street Expects Robust 2023 New-Home Market NEWS & MEDIA akurtz / Getty Images Source: Wall Street Expects Robust 2023 New-Home Market | Florida Realtors Wall Street Expects Robust 2023 New-Home Market By Alex Veiga The stock for many major U.S. KB Home, PulteGroup and Tri Pointe Homes are among more than a dozen U.S.

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Marketing Buyers Investors Realtors 78

Housing Wire

MAY 3, 2023

In March, a modest bump in homebuyer demand, combined with a decline in for-sale inventory, drove up home prices compared to the month prior. While the annual home price growth rate is on track to fall to roughly 0% by April, low inventory levels will limit just how far that metric will fall in the coming month, Walden noted.

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Inventory New Listings Marketing Sellers 383

Housing Wire

AUGUST 23, 2023

Bad news for mortgage professionals: not only are mortgage rates at their highest level in over two decades, they might not drop anytime soon. On Wednesday morning, the 30-year fixed mortgage rate was 7.29% at HousingWire’s Mortgage Rates Center and 7.49% on Mortgage News Daily. But it would require the U.S.

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Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. It is what it is: the housing dilemma we live with in America.

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Construction Housing Market Inventory Marketing 504

Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product. They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

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Inventory Construction Housing Market Mortgage 483

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? Housing inflation post-2020 was one for the record books, not only because home prices accelerated in such a short time, but more importantly for the inflation data, rents took off, something that didn’t happen during the housing bubble years.

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Mortgage Construction Supply Chain Housing Market 515

Berkshire Hathaway

FEBRUARY 23, 2021

In real estate we measure supply and demand based on what we call “months’ supply of inventory.” What that is based on is the number of current homes for sale compared to the number of buyers that are on the market. This time around months’ inventory has been under 5 months for the last three years and it currently stands at 1.9

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Home Value Inventory Real Estate Mortgage 36

Housing Wire

JUNE 1, 2023

The private-label and agency mortgage-backed securities (MBS) markets , the primary sources of liquidity for many mortgage lenders, are taking a beating so far this year. That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023.

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Real Estate Mortgage Marketing Inventory 383

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. The latest forecast also projects that total mortgage origination activity is slightly increased at $2.34 The latest forecast also projects that total mortgage origination activity is slightly increased at $2.34

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Contracts Government Mortgage Buyers 384

Housing Wire

SEPTEMBER 28, 2022

We had a period this summer when mortgage rates moved from 6.25% back down to 5% and some of the new home sales activity picked up. In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. Of course, mortgage rates are much higher right now. million level we saw in 2005.

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Construction Sellers Inventory Housing Market 491

Housing Wire

JUNE 24, 2022

As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. These monthly reports can be very wild, and I anticipate big swings in the reports until things calm down with mortgage rates. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted

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Inventory Construction Marketing Mortgage 466

Housing Wire

MAY 16, 2023

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Lack of existing inventory continues to drive buyers to new construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. “In

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Construction Inventory Buyers Housing Market 431

Housing Wire

NOVEMBER 29, 2023

Homebuilders are also pacing the number of homes they bring to market. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. That moderation continued in October, according to data published by the Census Bureau and HUD on Monday.

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Construction Finance Inventory Development 420

Housing Wire

APRIL 15, 2022

This week’s HW+ member spotlight features Nicollette Chapman, who serves as vice president of the mortgage division at Zonda. Below, Chapman answers questions about the housing industry: HousingWire: What were some of your biggest takeaways from last year’s HW Annual event?

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Real Estate Real Estate Agent Business Housing Market 370

Housing Wire

NOVEMBER 23, 2022

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. We will continue to keep an eye on this, especially if mortgage rates head lower.

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Construction Marketing Housing Market Mortgage 466

Housing Wire

OCTOBER 26, 2022

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. This doesn’t mean sales can’t fall further from here, especially with rising mortgage rates. We saw some stabilization in the data when mortgage rates fell from 6.25% to 5%. When supply is 4.4

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Construction Inventory Contracts Buyers 466

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. He designed the estate, completed in 2000, from the ground up.

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Appraisal Real Estate Valuation Contracts 87

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. Over the years, I have tried to emphasize that the housing market in the U.S. months of supply in an orderly manner. This is 12.6

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Construction Housing Market Sellers Marketing 370

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

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Inventory Buyers Real Estate Sellers 59

Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. Iconic Zigzag Midcentury House in Sarasota, FL. We’ve seen a massive change in housing inventory.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

OCTOBER 10, 2023

We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

JUNE 13, 2023

Home prices and mortgage rates. It’s the bacon and eggs of the housing market – two staples that are often linked to one another. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. Eastside inventories are at 1.2

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Buyers Inventory Construction Finance 36

Will Springer Realtor

APRIL 10, 2024

Despite growing awareness, progress toward climate resilience in housing has been hindered by fragmented efforts and competing priorities. Affordable housing initiatives focus not on the climate but on increasing inventory to meet demand, while climate-focused efforts lack integration with housing resilience goals.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions.

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Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? mortgage rates sound? That was the average national figure in 2000.).

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Real Estate Buyers Construction Sellers 69