Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Aggregate data from the housing market would confirm this.

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

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Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5%

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Empire Appraisal Group

MARCH 14, 2024

Redfin: Boomers aging in place is ‘the driving force’ behind median homeowner tenure doubling since 2005 Source: [link] Over the past two decades, the median homeowner tenure has jumped from 6.5 In 2005, the median U.S. After climbing every year between 2005 and 2020, U.S. years to 11.9 homeowner tenure was 6.5

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Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Most people knew Frank as one of the nation’s premier housing economists,” said Robin Wachner, a CoreLogic spokesperson. Henry Wallich.

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Housing Wire

MARCH 31, 2022

The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble.

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Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. No buyer must use a real estate agent — ever. What about the MLSs? Some say the MLS enables U.S.

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Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. However, not to the degree we saw from 2005-2008. million listings.

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Housing Wire

JUNE 30, 2022

He also serves as vice chairman of Peerage Realty Partners and has previously held executive roles at Coldwell Banker Real Estate. Below, Huskey answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? HousingWire: What has been your biggest learning opportunity?

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Housing Wire

AUGUST 31, 2023

Encompass Lending Group , a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Founded in 2005, Elite posted $164 million in production volume across 465 loans over the past year, according to mortgage data platform Modex.

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Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. from 2002-to 2005, which led to forced credit selling.

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Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? This Q&A was originally hosted on June 1st. Ghost Supply 2.2

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Empire Appraisal Group

JUNE 2, 2022

Is FOMO Fueling the Real Estate Market? Source: Is FOMO Fueling the Real Estate Market? Housing markets continue to run hot, despite rising interest rates and home prices. Market fundamentals and the housing market. Florida Realtors. By Amber Randall. FORT LAUDERDALE, Fla.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing demand has fallen noticeably this year. Housing permits and starts are falling now, even with the backlog of homes in the system. Production falls. Jobs are being lost.

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Housing Wire

NOVEMBER 17, 2020

trillion in 2005 — but sees refinances decreasing to $971 billion. The housing market has seen a meaningful rebound since the onset of the pandemic,” said Mike Fratantoni, MBA chief economist. trillion, the highest since 2005. by the end of 2020, rising to 3.3% by Q4 2021. That includes an expected 91.5%

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Housing Wire

JANUARY 6, 2021

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond.

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Housing Wire

MARCH 23, 2022

Alanna McCargo, president of Ginnie Mae, announced the appointments during the National Association of Hispanic Real Estate Professionals conference that took place in Washington D.C. During the conference, McCargo stressed the importance of having diversity in leadership.

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Housing Wire

MARCH 18, 2024

For agents navigating and servicing the American housing market , acknowledging its profound evolution over recent decades is crucial. Looking back to the 2005 and 2006 real estate peak, lofty home prices reached a then staggering-sounding high of $230,200 in July 2006. year-over-year increase to 70,829.

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Housing Wire

DECEMBER 22, 2020

Find out more about technology and solutions specifically geared to empower the community lender to offer personalized service to borrowers and to the real estate agent partners from loan application to closing. The tech solution giving community lenders an advantage. Presented by: Maxwell.

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Housing Wire

JULY 29, 2021

May’s 8% increase was the highest jump for that month since 2005, according to NAR. The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3%

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Sacramento Appraisal Blog

MAY 2, 2022

But there are bigger fish to fry to understand what the housing market is doing. What are prices doing? That’s always the question, and I get it. A shift: Over the past few weeks there has been a shift in demand, which is why this conversation is so important. This isn’t about doom and gloom. […].

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Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” People are calling it the Great Renovation.

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Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. The entire system has to be designed to inflate the price over time. This is what we do in America.

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Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Housing Wire

JULY 5, 2021

is the highest reading for May since 2005. Here is what is happening: The COVID-19 shutdowns paused sales during what looked to be a solid market going into the first few months of 2020. From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1% from one year ago.

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Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Some appraisers are reticent to address increasing trends now.

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Sacramento Appraisal Blog

MARCH 1, 2022

Does the housing market really have price cycles? UPCOMING PUBLIC SPEAKING GIGS: 3/15/2022 NARPM Luncheon (details) 3/22/2022 SAFE Credit Union market update (details) 4/28/2022 SAR […]. But these cycles aren’t always so rigid and perfectly predictable like so many people think they are.

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Housing Wire

DECEMBER 21, 2021

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. The post Private-label RMBS market has cause to celebrate appeared first on HousingWire.

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Housing Wire

OCTOBER 9, 2020

seen in September 2005, according to Redfin analysis of the Case-Shiller national home price index and analysis of MLS data. Median home sale prices have made the largest increase on record, jumping 15% year over year for the week ending Oct. The previous largest increase was 14.5%

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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. Have higher rates worked? Some data to consider: 1.

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Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. Right now, we’re seeing unique conditions like: 1.

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Housing Wire

JULY 8, 2022

Once mortgage rates rise, the new home sales sector does get hit harder than the existing home sales market. The homebuilder confidence index is falling noticeably, and while we never had the housing build-up in credit and sales that we saw in 2005, the builders will slow housing production down with higher rates.

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Lamacchia Realty

JUNE 21, 2022

If your home has been on the market without any strong offers, it may not be priced correctly. In typical real estate markets, a seller should receive at least one offer within the first two weeks of listing the home. Real estate websites set up their property search tools with price brackets.

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Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. million — once that happens, I can take the unhealthy label off the housing market.

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Housing Wire

OCTOBER 18, 2022

The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded. To say that mortgage lenders are facing challenging times would be a considerable understatement. The federal funds rate, which is set as a range between an upper and lower limit, currently stands at 3% to 3.25%.

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Housing Wire

JUNE 3, 2022

We haven’t had the FOMO housing market of 2002-2005 again; I believe that adorable marketing line isn’t warranted. New home sales are getting weaker; the final print is back to 1996 levels. However, starts and permits are holding up. Once they start to fade, I can raise this red flag.

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