Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005.

Housing Market 453

Housing Market Marketing Inventory Investors 453

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. We are seeing that as a profession again.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . However, it’s not the market of 2002-2011.

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Inventory Housing Market New Listings Mortgage 449

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% Image by Brandon Johnson/HW Media.).

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Sellers Inventory Housing Market New Listings 501

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. One tool I used for a time to level this playing field was seller-funded down payment assistance. This makes it more important than ever to consider how the U.S. It’s a serious challenge.

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Government Sellers Development Mortgage 415

Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

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Inventory New Listings Law Housing Market 383

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. For now, it’s ok, but this is one sector that people need to keep their eye out on because it’s tied to mortgage buyers more than the existing home sales market.

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Housing Market Marketing Supply Chain Inventory 328

Housing Wire

DECEMBER 29, 2021

The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. mortgage rates, so on the mortgage rate side of the equation, it’s never been better. Home sellers strive to get the highest price from the best offers and homebuilders have the pricing power over consumers.

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Housing Market Marketing Construction Mortgage 529

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

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Mortgage Inventory Housing Market Construction 461

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. 2018 was the last time mortgage rates got to 5%, and sales trended from 5.72

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Housing Market Marketing Mortgage Inventory 497

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. What is going on here?

Inventory 507

Inventory Housing Market Construction Marketing 507

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. I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked.

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Housing Market Inventory Construction Marketing 394

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. That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

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Construction Housing Market Mortgage Sellers 352

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. This is why I have called them efficient home sellers. However, higher mortgage rates make it harder and harder to pull some of those deals off.

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Inventory Construction Housing Market Marketing 470

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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Housing Market Marketing Supply Chain Mortgage 515

Housing Wire

JULY 13, 2022

This problem is much different than the housing credit bubble of 2002-2005. Mortgage rates of 4%-5% weren’t doing the amount of demand destruction I thought they would. Mortgage rates closer to 6% for sure are driving bigger year-over-year decline data. housing market as savagely unhealthy. Jobs and incomes will be lost.

Inventory 539

Inventory Housing Market Mortgage Construction 539

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process.

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

JANUARY 26, 2022

The new home sales market is doing its slow and steady dance upward, which is typically the case as long as mortgage rates stay low. percent)* below the December 2020 estimate of 943,000 Slow and steady wins the race and the market that we had from 2002-2005 doesn’t exist today. From Census: New Home Sales Sales of new single?

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Construction Marketing Mortgage Sellers 425

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. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6

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Construction Housing Market Sellers Marketing 370

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 housing world is much different at 5% plus mortgage rates versus the 3% mortgage world we had last year. The builders have pricing power and they — along with home sellers — have pushed it very hard since 2020.

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Construction Buyers Housing Market Inventory 343

Housing Wire

DECEMBER 22, 2021

It’s the same reason I have given for many years: the American bears who are typically housing crash addicts can’t read data correctly, and the mortgage purchase application data just proved my point once again. million level for three straight months, aligning with the better mortgage demand growth that we saw for four months.

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Inventory Housing Market Investors Marketing 477

Lamacchia Realty

JANUARY 25, 2024

The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. Sellers find themselves in a holding pattern , desiring to move but hesitant due to the reluctance to part with their low pandemic-era interest rates. Will the 2024 Real Estate Market Improve?

Inventory 53

Inventory Sellers Buyers Contracts 53

Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. SCAM ALERT.

Sellers 36

Sellers Marketing Supply Chain Construction 36

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 74

Appraisal Contracts Real Estate Agent Mortgage 74

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. The rural schoolhouse has been on the National Register of Historic Places since 2002. Mortgage applications decreased 1.9

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

NOVEMBER 9, 2022

and jump in mortgage rates of 4 percentage points has created a housing market belly flop. The stats are an unwelcome paradox for buyers and sellers alike. The 30-year, fixed-rate mortgage recently broke the 7% level for the first time since April 2002, leading to greater stagnation in the housing market.

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New Listings Housing Market Inventory Buyers 36