Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4,

Housing Market 475

Housing Market Inventory Realtors Construction 475

Real Estate News

JULY 27, 2023

The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.

Mortgage 224

Mortgage 224

Inman

NOVEMBER 30, 2023

the lowest score recorded since the Pending Home Sales Index began publishing in 2001. Pending sales fell 1.5 percent month over month in October to a reading of 71.4,

Realtors 172

Realtors Agents Marketing 172

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3 in December. On a year-over-year basis, pending sales were down 8.8%. from December’s annualized rate.

Contracts 427

Contracts Inventory Realtors New Listings 427

Real Estate News

AUGUST 24, 2023

For the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.

Mortgage 212

Mortgage 212

Housing Wire

APRIL 10, 2024

The CFPB inherited the responsibility to impose statements of policies (SOPs) created by the Department of Housing and Urban Development (HUD) in 1999 and 2001. The current rules have been applied by the Consumer Financial Protection Bureau (CFPB) since 2011.

Brokerage 417

Brokerage Mortgage Development Insurance 417

Housing Wire

JANUARY 3, 2023

An index of 100 is equal to the level of contract activity in 2001. Year over year, the Pending Home Sales Index was down 37.8%, marking the 18 th consecutive month of annual declines.

Contracts 497

Contracts Housing Market Realtors Construction 497

Inman

FEBRUARY 28, 2023

That's up from about 11 percent in 2001. New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales.

Investors 202

Investors Real Estate 202

Housing Wire

AUGUST 16, 2023

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association.

Mortgage 370

Mortgage Contracts Government Investors 370

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. On a year-over-year basis, pending sales were up 1.3%.

Contracts 454

Contracts Housing Market Construction Inventory 454

Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. Economists predicted that pending home sales would drop by 4.0% in September. Year over year, the PHSI was down 31.0%, marking the 16 th consecutive month of annual drops.

Contracts 523

Contracts New Listings Realtors Housing Market 523

Housing Wire

FEBRUARY 22, 2024

Bailey initially joined RE/MAX in 2001, serving in various roles including as a management consultant, regional director and regional vice president. The firm is also in the middle of navigating its way through a mess of litigation, namely the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits , which it settled during the fall of 2023.

Agents 406

Agents Brokerage Realty Development 406

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April. The NAR’s Pending Home Sales Index fell to a reading of 76.5

Contracts 370

Contracts Inventory Housing Market Realtors 370

Housing Wire

JANUARY 19, 2023

His career also includes senior management roles at First Community Mortgage , Elite Mortgage Services and Ace Mortgage Funding since 2001. He was in charge of growing the mortgage banking platform and focusing on branch development within the middle Tennessee area. After posting production volume of $148.76

Retail 383

Retail Mortgage Loan Officers Lending 383

Housing Wire

JANUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “We “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”

Contracts 417

Contracts Realtors Mortgage Buyers 417

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Marketing 437

Marketing Buyers Realtors Real Estate 437

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Existing home sales also fell in August, down 15.3% below the August 2022 level. The NAR’s Pending Home Sales Index fell to a reading of 71.8 Pending home sales, like new home sales, are based on contract signings.

Housing Market 475

Housing Market Contracts Government Buyers 475

Housing Wire

OCTOBER 6, 2023

to 5% – the highest level since 2001. Since the central bank started its campaign to fight inflation, the Fed raised interest rates to a range of 5.25 Mortgage rates, which loosely follow the movement of the 10-year Treasury yield, are at their highest level in more than two decades. The 10-year yield was at 4.72% on Oct.

Government 469

Government Mortgage Investors Marketing 469

Housing Wire

APRIL 3, 2023

Founded in 2001 by Jeff Douglas and licensed in 48 states, Wyndham positioned itself as a fintech -focused mortgage lender with a proprietary software system that allows the company to close loans 20% faster than the national average.

Retail 383

Retail Mortgage Technology Lending 383

Appraisal Buzz

JANUARY 27, 2022

An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index (PHSI) fell 3.8% in December. Year-over-year, transactions decreased 6.9%. “Pending home sales faded toward the end of 2021, as a. The post Housing Market Sees a 3.8%

Housing Market 195

Housing Market Contracts Marketing Realtors 195

Appraisal Buzz

SEPTEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001. The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% Year-over-year, signings dipped 8.3%.

Contracts 195

Contracts Realtors Inventory Buyers 195

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, year over year. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement.

Inventory 427

Inventory Realtors Contracts Construction 427

Appraisal Buzz

OCTOBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index (PHSI) decreased 2.3% in September. Year-over-year, signings decreased 8%. The post National Association of Realtors Observes Pending Home Sales Drop in September appeared first on Appraisal Buzz.

Realtors 195

Realtors Contracts Appraisal 195

Housing Wire

JUNE 15, 2022

It estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001. The company has a goal of revitalizing some $543 million in residential properties in the Chicago market during the next five years, according to representatives for New Western.

Marketing 370

Marketing Real Estate Investing Sellers 370

Appraisal Buzz

MAY 18, 2022

He began his mortgage career in 2001 with New Century Mortgage, where he became one of the firm’s top originators in his first year and later a successful branch manager. Rick Hogle has joined Cherry Creek Mortgage , a nationwide, full-service mortgage lender, as chief revenue officer. He also served as a.

Mortgage 170

Mortgage Retail Appraisal 170

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). The NAR’s Pending Home Sales Index climbed to a reading of 77.6

Inventory 417

Inventory Contracts Buyers Realtors 417

Eyes on Housing

SEPTEMBER 22, 2022

1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The latest results from the Federal Reserve’s Z.1

Market Value 167

Market Value Real Estate Marketing Mortgage 167

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. Pending home sales have now fallen in 11 of the last 12 months. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines. In recent weeks, however, mortgage rates have dipped back into the 6.0%

Realtors 383

Realtors Contracts Buyers Mortgage 383

Housing Wire

OCTOBER 26, 2022

The survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16% last week, the highest level since 2001. Rates for jumbo loan balances (greater than $647,200) went to 6.53% from 6.31% in the same period.

Mortgage 382

Mortgage Retail Contracts 382

Housing Wire

AUGUST 4, 2022

Veros, in business since 2001, provides services for automated valuations, fraud and risk detection, portfolio analysis and forecasting. It’s the primary architect and technology provider for Fannie and Freddie’s Uniform Collateral Data Portal and works with the FHA on its Electronic Appraisal Delivery system.

Appraisal 407

Appraisal Valuation Real Estate Technology 407

Housing Wire

OCTOBER 14, 2022

Messam joined MBA in 2001 and most recently served as associate vice president and controller. “Her meticulous attention to detail, passion for her craft, and superior project management skills will serve her well in her expanded – and much deserved – new role.”.

Project Management 405

Project Management Real Estate Insurance Mortgage 405

Appraisal Buzz

JULY 27, 2022

An index of 100 is equal to the level of contract activity in 2001. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales Index (PHSI) dipped 8.6% Year-over-year, transactions shrank 20%. “Contract signings to buy a home will keep tumbling.

Contracts 195

Contracts Realtors Appraisal 195

Housing Wire

JUNE 10, 2022

Founded in 2001 by Jeff Douglas, Wyndham positioned itself as a fintech-focused mortgage lender with a proprietary software system that allows the company to close loans 20% faster than the national average.

Mortgage 395

Mortgage Loan Officers Retail Contracts 395

Eyes on Housing

JUNE 13, 2022

1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the first quarter of 2022, the aggregate market value of all owner-occupied real estate in the United States showed the largest year-over-year percentage gain since 2001. The latest results from the Federal Reserve’s Z.1 Read More ›

Market Value 141

Market Value Real Estate Marketing 141

Housing Wire

SEPTEMBER 15, 2023

Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. That rate is up from 14.3% in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades.

Buyers 417

Buyers Mortgage New Listings Real Estate Agent 417

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the strong monthly increase, pending home sales are down 24.1% compared to a year ago. in 2023 and 5.4%

Housing Market 427

Housing Market Realtors Contracts Buyers 427

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index has declined for nine out of the past 10 months. Year over year, the PHSI was down 24.2%, marking the 15 th consecutive month of annual drops.

Contracts 395

Contracts Realtors Inventory Marketing 395