Housing Wire

JULY 6, 2022

This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. Because credit got better post-2010, we can see credit availability declines from 2005-2008. Why is this?

Lending 485

Lending Mortgage Business Inventory 485

Housing Wire

MARCH 20, 2024

Realty ONE Group International, which was founded in 2005 and is based in Las Vegas, is a real estate franchise brokerage. The company employs approximately 19,000 real estate professionals in more than 400 offices across 49 U.S. states and 20 countries and territories.

Realty 346

Realty Human Resources Real Estate Brokerage 346

Housing Wire

AUGUST 3, 2021

There are several important reasons why the market today is materially different then the bubble-forming market of 2005. From 2002 to 2005 we experienced a credit boom due to the rapid increase in borrowing for speculation purchases. Speculation demand.

Housing Market 545

Housing Market Marketing Mortgage Real Estate 545

Housing Wire

FEBRUARY 22, 2024

In 2005, he began a 10-year stint working for the Royal Bank of Scotland in Singapore, then joined Morgan Stanley in 2015, according to his biography. Akwaboah serves on the board of the Morgan Stanley Foundation and is also a member of the Federal Reserve Bank ’s payments risk committee.

Technology 454

Technology Government Business Marketing 454

Housing Wire

NOVEMBER 15, 2023

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. Marc King will continue to serve as President of Keller Williams. He left the company in 2016.

Brokerage 420

Brokerage Real Estate Realty Agents 420

Housing Wire

MARCH 30, 2023

Because of the qualified mortgage laws of 2010, we are lending to the capacity to own the debt, which means speculative credit cycles from primary resident homebuyers or even investors can’t occur in the same fashion as from 2002-2005. We don’t have a rise in foreclosures as we did from 2005-2008 before the job-loss recession.

Housing Market 496

Housing Market Mortgage Law Marketing 496

Housing Wire

NOVEMBER 8, 2023

Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. Starting in 2005, four years before the Great Recession started, we saw significant credit stress built up in the system, all while the economy was expanding.

Housing Market 413

Housing Market Legal Marketing Mortgage 413

Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 However, not to the degree we saw from 2005-2008. million listings. Today, we stand at 1,310,000 active listings.

Inventory 384

Inventory New Listings Law Housing Market 384

Inman

FEBRUARY 15, 2024

years in 2005, according to Redfin data. The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5

Marketing 179

Marketing 179

Appraisal Buzz

JULY 28, 2022

The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time. Consider all the technological advances since 2005: Apple released the iPhone, the first touchscreen smartphone Social networking. What exactly does this mean?

Appraisal 195

Appraisal Design Technology Mortgage Appraisal 195

Housing Wire

JUNE 5, 2023

Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry. MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina.

Mortgage 337

Mortgage Brokerage Retail Tools 337

Housing Wire

SEPTEMBER 20, 2023

The Southern California brokerage was founded in 2005 by George Penner and Mike Deasy, who will both remain with the firm after it joins the Robert Reffkin -helmed firm. Moving forward, the firm will be known as DPP @ Compass. Compass described the move as a “partnership,” but the financial terms of the deal were not disclosed.

Brokerage 351

Brokerage Real Estate Architecture Agents 351

Inman

OCTOBER 27, 2023

What started in 2005 has become the foundation for what is now a multifaceted business application that can benefit all level of agents who hang a license at an @properties | Christie’s International Real Estate office.

Real Estate 177

Real Estate Real Estate Agent Agents Business 177

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. Purchase application data is now below 2008 levels!

New Listings 481

New Listings Inventory Housing Market Sellers 481

Inman

NOVEMBER 15, 2023

Willis' first KW CEO tenure was from 2005 to 2015, and he returned to the company in July as a strategic consultant. Mark Willis is Keller Williams' new CEO, according to an announcement on Wednesday.

Realty 160

Realty Brokerage 160

Housing Wire

NOVEMBER 17, 2020

trillion in 2005 — but sees refinances decreasing to $971 billion. trillion, the highest since 2005. The rebounding economy is also likely to mean higher mortgage rates , with the MBA forecasting 2.9% by the end of 2020, rising to 3.3% by Q4 2021. MBA is forecasting a rise in purchase originations to $1.59 That includes an expected 91.5%

Mortgage 542

Mortgage Housing Market Marketing Real Estate 542

Housing Wire

MARCH 31, 2022

I’m going to take their talking points and explain in detail why this isn’t the housing bubble of 2002-2005. “ Over the years, I have tried to express that we won’t have a repeat of 2002-2005 when it comes to a speculative mortgage debt expansion on unsound credit. Our evidence points to abnormal U.S.

Housing Market 524

Housing Market Inventory Lending Marketing 524

Housing Wire

JANUARY 2, 2024

And the peak in existing home sales was 2005 when you had around 7 million transactions.” “And people over 50 are 74% of total U.S. homeowners. So if you just take half of that, you’ve got about 30 million homes that should be coming on the market.

Housing Market 515

Housing Market Marketing Real Estate Agent Real Estate 515

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. Even today, the MBA purchase application index is below 2008 levels.

Housing Market 457

Housing Market Marketing Inventory Investors 457

Housing Wire

FEBRUARY 15, 2024

years in 2005, according to a Redfin analysis of median U.S. While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 years last year, up from 6.5 homeowner tenure by year using county records.

Property Taxes 459

Property Taxes Insurance Construction Inventory 459

Housing Wire

AUGUST 31, 2023

Founded in 2005, Elite posted $164 million in production volume across 465 loans over the past year, according to mortgage data platform Modex. Elite Financing Group has two branch locations in Austin and The Colony with 28 sponsored mortgage loan originators (MLOs), according to the Nationwide Multistate Licensing System (NMLS).

Finance 362

Finance Lending Retail Mortgage 362

Housing Wire

NOVEMBER 9, 2021

We can see a slow and steady positive downtrend in stressed financial data, unlike in the 2005-2008 period where people filed for bankruptcies and foreclosures without a job loss recession. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day.

Mortgage 491

Mortgage Lending Housing Market Marketing 491

Housing Wire

OCTOBER 18, 2021

First, purchase applications in the data should be skyrocketing as they did during the 2002-2005 ill-considered, home-buying extravaganza. If the housing market was in the grips of some mass hysteria of irrational purchasing, we would expect to see certain hallmarks in the data.

Housing Market 492

Housing Market Marketing Real Estate 492

Appraisal Buzz

JULY 6, 2021

A new report finds that the continued struggle of home supply keeping up with demand has driven year-over-year increases to levels last seen in 2005. The post Record High Home Prices Intensify Affordability Challenges appeared first on DSNews.

Appraisal 195

Appraisal 195

Miller Samuel

AUGUST 8, 2020

In 2005, I was interviewed by CNBC in the midst of the Housing Bubble and said that 75% of the appraisals being done then weren't worth the paper they were written on (hey it was 2005 and they were done on paper, not pdf). Although I've shared the following CNBC clip before, it's worth showing again given my 15-year ago hairstyle.

Appraisal 367

Appraisal Valuation Business Mortgage 367

Appraisal Buzz

JANUARY 13, 2022

million in 2010, to the lowest level since tracking began in 2005. It shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 151,153 U.S. properties in 2021, down 29% from 2020 and down 95% from a peak of nearly 2.9 Those 151,153. The post ATTOM’s Data Shows a Large Drop in U.S.

Appraisal 195

Appraisal Marketing 195

Appraisal Buzz

JANUARY 13, 2022

million filings seen in 2010, to the lowest level seen since tracking began in 2005. The 151,153 … The post Foreclosure Activity Drops to All-Time Low appeared first on DSNews. The post Foreclosure Activity Drops to All-Time Low appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Marketing 195

Housing Wire

MAY 18, 2023

We don’t have a massive credit boom as purchase application data is at historical lows; we haven’t had the same run-up in credit as we saw from 2002-2005. You would need years of credit stress building up, as we saw in 2005-2008, all before the job loss recession data. This is not, nor can it ever be, like 2008.

Housing Market 532

Housing Market Marketing Inventory Mortgage 532

Housing Wire

JULY 5, 2021

is the highest reading for May since 2005. From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1% from one year ago. The May 2021 Pending Home Sales Index of 114.7 Contract signings rose in all regions in May compared to the prior month and one year ago.

Realtors 491

Realtors Contracts Marketing Housing Market 491

Housing Wire

JUNE 6, 2023

Austin, who joined Cenlar in 2005, will be responsible for managing and mitigating default costs for the wholesale bank’s loans and mortgage servicing rights (MSR) portfolio. Keith Austin has been promoted to director of asset management and valuation services.

Valuation 315

Valuation Clients Contracts Development 315

Housing Wire

AUGUST 17, 2021

The business’s legacy was venerated at various point such as in 2005 when then Chicago Mayor Richard M. The fight for Illinois legislation over the matter was part of what eventually lead to the 1967 federal Fair Housing Act. In 1991, John Baird’s son, Stephen Baird, took over as president and later CEO of the brokerage.

Brokerage 420

Brokerage Realtors Agents Real Estate 420

Eyes on Housing

JUNE 9, 2022

Compared to a median age of 31 years in 2005, the U.S. The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. owner-occupied housing stock is aging gradually. This aging housing.

Construction 190

Construction 190

BiggerPockets

FEBRUARY 26, 2024

In 2005, I decided to start an investor services business. I reviewed all the popular investing literature. What I found were self-professed experts offering opinions and no processes. As an […]

Investing 80

Investing Retail Investors Business 80

Housing Wire

JANUARY 6, 2021

trillion, with the largest refinance market since 2003 and the largest home purchase loan market since 2005 and 2006. According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1

Housing Market 450

Housing Market Technology Marketing Mortgage 450

Housing Wire

MARCH 15, 2021

Home prices were growing at an unsustainable level from 2002-2005, leading to some excess risk-taking on inadequate loan debt structures. First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards.

Lending 535

Lending Housing Market Mortgage Marketing 535

Inman

JANUARY 20, 2023

Kramer has been with the luxury boutique firm since 2005 and is one of Hilton & Hyland's top producers. He succeeds the late Jeff Hyland, who died of cancer nearly a year ago.

Brokerage 126

Brokerage 126

Housing Wire

MAY 1, 2023

To understand how this might happen, consider Figure 3 below, which depicts actual net loss rates for mortgages purchased by Fannie Mae for two different sets of vintages; a more severe period represented by origination years 2005-2007, and 2013-2015 representing a much more favorable period of time.

Mortgage 398

Mortgage Insurance Development Business 398