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Cash-out refis reach $1.2T in 2021, highest level since 2005

Housing Wire

trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. in 2021, highest level since 2005 appeared first on HousingWire. Record home prices in recent years have pushed tappable home equity to new heights, increasing the demand for one specific product: cash-out refis.

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Home prices haven’t risen this fast since 2005

Housing Wire

The March gain is also the largest since December 2005 and is one of the largest in the index’s 30-year history, said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI. ” The post Home prices haven’t risen this fast since 2005 appeared first on HousingWire. In fact, they rose 13.2%

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Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise

Appraisal Buzz

March’s year-over-year gain in home prices had not been exceeded since December 2005, The post Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise appeared first on Appraisal Buzz.

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Housing credit data in Q4 looks nothing like 2008

Housing Wire

housing credit looks very different than in 2005, 2006, 2007 or 2008. Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. The truth is, U.S.

Legal 492
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What happens after the Fed’s rate hike?

Housing Wire

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005. Today, we are at 1.25

Law 521
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Homeowners are staying put twice as long as they did 2 decades ago

Inman

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

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Will mortgage lending get tighter in the next recession?

Housing Wire

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?

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