Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Census Bureau and the Department of Housing and Urban Development. This is 16.6 percent (±10.4

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Housing Wire

FEBRUARY 24, 2022

The real question is how much higher mortgage rates will bite the most sensitive sector to rates: new homes. This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. However, higher mortgage rates make it harder and harder to pull some of those deals off. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

DECEMBER 23, 2022

One of the realities of COVID-19 has been the lag to build homes in a business that requires stable mortgage rates because of the traditional time to complete a home. Mortgage rates jumped from 3% to 7.375% this year. Census Bureau and the Department of Housing and Urban Development. percent (±22.7 percent (±13.0

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Housing Wire

JANUARY 26, 2022

In reality, as we talked about many times on HousingWire, housing data was going to moderate, find a base and work from that COVID-19 surge in the data. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market. From Census: New Home Sales Sales of new single?

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Housing Wire

JUNE 24, 2022

Census Bureau and the Department of Housing and Urban Development. 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. From Census: Sales Price The median sales price of new houses sold in May 2022 was $449,000. This is 10.7

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Housing Wire

APRIL 27, 2022

That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The most recent housing starts data on permits and starts side of the equation was fine this month, but it also lagged the current rates environment. Census Bureau and the Department of Housing and Urban Development.

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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. Census Bureau and the Department of Housing and Urban Development. can’t have a credit sales boom like we saw from 2002-2005.

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Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

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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. How does your market compare with Ryan’s?

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Housing Wire

AUGUST 17, 2023

The Department of Housing and Urban Development (HUD) has instituted a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA), as well as a pause on foreclosures of mortgages in the Indian Home Loan Guarantee program.

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Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. But the government sponsored enterprises may now be on the cusp of entering the chattel market. Fannie Mae has good reason to be cautious about manufactured housing.

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Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. Building developers are optimistic they can overcome many of the challenges. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. SCAM ALERT.

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