Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3% This price was 2.8%

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Buyers Mortgage New Listings Real Estate Agent 414

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

Contracts 498

Contracts Housing Market Realtors Construction 498

Housing Wire

JUNE 10, 2022

Consumer direct lender Wyndham Capital Mortgage is doing a new round of layoffs, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the North Carolina Department of Commerce. Purchase mortgage rates reached 5.23% this week – and some of those same lenders are making further cuts.

Mortgage 381

Mortgage Loan Officers Retail Contracts 381

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” An index of 100 is equal to the level of contract activity in 2001. “We The new normal for mortgage rates will likely be in the 5.5% compared to December 2021. and the Midwest (77.6)

Contracts 421

Contracts Realtors Mortgage Buyers 421

Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. or lower mortgage rate they locked in at. The new normal for mortgage rates could be around 7% for a while,” Yun added. “On Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”. in September.

Contracts 522

Contracts New Listings Realtors Housing Market 522

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. below the August 2022 level.

Housing Market 452

Housing Market Contracts Government Buyers 452

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Inventory 416

Inventory Contracts Buyers Realtors 416

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

Contracts 339

Contracts Inventory Housing Market Realtors 339

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19

Contracts 365

Contracts Realtors Inventory Marketing 365

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. In addition, NAR forecasts that mortgage rates will drop to 6.0% Sales in the second half of the year should be notably better than the first half as job gains continue and more favorable mortgage rates are expected,” Yun said. year over year.

Inventory 418

Inventory Realtors Contracts Construction 418

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. In recent weeks, however, mortgage rates have dipped back into the 6.0%

Realtors 379

Realtors Contracts Buyers Mortgage 379

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. An index of 100 is equivalent to the level of pending sales in 2001. After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February.

Inventory 500

Inventory Contracts Housing Market Buyers 500

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 ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3% Mortgage applications increased 5.7%

Marketing 441

Marketing Buyers Realtors Real Estate 441

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

FEBRUARY 27, 2023

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

Housing Market 421

Housing Market Realtors Contracts Buyers 421

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The trade association forecasts the 30-year fixed mortgage rate to close at 6.4% With consumer price inflation calming close to the Federal Reserve’s desired conditions, mortgage rates look to have topped out,” Yun added. in 2023, settling at 4.38

Construction 360

Construction Inventory Realtors Housing Market 360

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 359

Mortgage Loan Officers Retail Training 359

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? An index of 100 is equal to the level of contract activity in 2001.” in October. From July 14 to Sept.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage 369

Mortgage Property Taxes Investors Buyers 369

Housing Wire

DECEMBER 28, 2023

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. “With mortgage rates falling further in December – leading to savings of around $300 per month from the recent cyclical peak in rates – home sales will improve in 2024,” Yun added. marking a 4.9%

Realtors 429

Realtors Contracts Mortgage Marketing 429

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage 384

Mortgage Construction Lending Real Estate 384

Appraisal Today

AUGUST 18, 2023

You are unlikely to see an immediate surge in desktop and hybrid appraisal assignments in the current volatile real estate market, but once normalcy returns to the mortgage rates and the housing market (as it always does), you can expect them to increase. Varies widely around the country. == Mortgage applications decreased 0.8

Appraisal 73

Appraisal Contracts Inspection Real Estate 73

Appraisal Today

DECEMBER 2, 2022

NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. I remember meeting George Harrison shortly after I moved to San Antonio in 2001. trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5%

Appraisal 79

Appraisal Agents Real Estate Real Estate Agent 79

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century. Call to Action.

Appraisal 52

Appraisal Contracts Inspection Clients 52

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 421

Contracts Inventory Construction Realtors 421

Housing Wire

APRIL 20, 2022

Fannie Mae has lowered its mortgage origination forecasts for 2022 and 2023 due to the Federal Reserve’s (Fed) aggressive inflation-fighting monetary policy and corresponding volatility in the mortgage market. Staying nimble in a fast-paced market with the right mortgage technology. trillion in 2022 to $1.85

Technology 450

Technology Mortgage Contracts Real Estate 450

Appraisal Today

OCTOBER 28, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, mortgage forecast, Halloween haunted homes, unusual homes, mortgage origination stats, etc. A Terrible, Horrible, No Good, Very Bad Forecast For The Mortgage Industry. I purchased a duplex in 1986 and got a 15% mortgage loan.

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Appraisal Today

OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Excerpts: Year Built: 2001. faces high mortgage rates and an uncertain economy. Mortgage applications decreased 14.2 Lot Size: 0.06

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Appraisal Today

JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. appraiser live chats on AOL and Compuserve and limited use of.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. Brokerages Invest in Tech.

Real Estate Agent 403

Real Estate Agent Real Estate Agents Brokerage 403

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

Appraisal 73

Appraisal Contracts Real Estate Agent Mortgage 73

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. In 2023, there were 16,348 homes placed under contract, representing a decrease of 16.4% Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance 77

Insurance Appraisal Contracts Mortgage 77

Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. When I did my national conferences from 2001 to 2006 there were no tests. ==. Mortgage applications decreased 1.9 Mortgage applications decreased 1.9

Appraisal 52

Appraisal Contracts Business Mortgage 52

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). As home prices increase over time, it lowers the loan value of any mortgage debt. Real estate keeps up with or exceeds the rate of inflation.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

JUNE 9, 2023

mortgage holders considered “equity rich” – with 50% or more equity in their homes – fell in Q1 to 47.2% mortgage holders considered “equity rich” – with 50% or more equity in their homes – fell in Q1 to 47.2% of mortgage holders in our state are equity rich, down from 58.5% JUNE HOUSING UPDATE Home prices and mortgage rates.

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Buyers Transportation Housing Market Law 36