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Donald R. Horton, founder of the largest U.S. homebuilder, dies

Housing Wire

Horton, who was involved in the real estate and homebuilding industries since 1972, served as chairman of D.R. since 2002. Although inflation and mortgage interest rates remain elevated, the homebuilder’s sales orders increased in the first three months of 2024 on both a quarterly and a yearly basis. As a result, D.R.

Inventory 345
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Homebuilders are done until mortgage rates fall

Housing Wire

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. The credit cycle looks much different now than the build-up from 2002-2005. In the past, builders benefitted when mortgage rates fell toward 4% and below.

Mortgage 529
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Housing starts data lags reality of higher mortgage rates

Housing Wire

However, the sting of higher mortgage rates is hitting the single-family construction data, and the real story is that the housing completion data, which has been bad for a long time, is still terrible. This happened in 2013-2014, and in 2018 when mortgage rates moved toward 5%. percent (±7.7 This is a huge positive for the U.S.

Mortgage 448
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Optimal Blue hopes to hook mortgage brokers with real-time rate feature

Housing Wire

Black Knight’s Optimal Blue is looking to court mortgage brokers with its new pricing feature that provides up-to-date rates on its cloud-based loan servicing platform. The post Optimal Blue hopes to hook mortgage brokers with real-time rate feature appeared first on HousingWire. Presented by: 1000watt. and Thomas H.

Mortgage 342
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Gary Keller testifies to close out week two of commission lawsuit trial

Housing Wire

Keller reiterated what he had said in his deposition that the items are templated and serve as examples of how an agent might practice real estate. Two of the slides he uses show average commissions on the sell side and the buy side for KW agents between 2002 and 2019. range he saw in the industry at the time.

Agents 428
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The 2022 housing market: A tale of two halves

Housing Wire

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The 2002 housing market has been a tale of two halves,” said Green. over asking price. High octane stuff. “The

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6 key indicators for mortgage lenders to assess as market headwinds persist

Housing Wire

To say that mortgage lenders are facing challenging times would be a considerable understatement. The substantial increases this year present challenges in the mortgage sector, as the note rates produced can become illiquid if not hedged. in September 2002. The index stood at 58.6 S&P/Case-Shiller U.S.

Mortgage 344