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The last time houses were this unaffordable was 2006

Housing Wire

housing was the least affordable ever back in July 2006 when it took 34.1% The post The last time houses were this unaffordable was 2006 appeared first on HousingWire. “As measured by the share of median income required to make the principal and interest payment on the average-priced home bought with 20% down, U.S.

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MSR market is partying like it’s 2006

Housing Wire

The post MSR market is partying like it’s 2006 appeared first on HousingWire. “Rising rates, significantly lower [mortgage] prepays and ample demand have driven MSR values to the highest levels since before the financial crisis [of 2007/2008],” Carnes said.

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Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak

Appraisal Buzz

The post Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak appeared first on Appraisal Buzz. There was a 21.7% annual increase in nominal house prices and a 0.7 percentage point increase in the 30-year, fixed mortgage rate compared the same timeframe a one year ago. Household income.

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Equity surge boosts homeowner net worth by $208K: John Burns 

Housing Wire

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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Serene Smith leaves COO role at RE/MAX

Housing Wire

Smith has been with the company since 2006. RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the Securities and Exchange Commission ( SEC ).

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How housing credit is shaping housing inventory

Housing Wire

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. Just look how lousy credit looked below in 2005, 2006 and 2007 — all before the job-loss recession in 2008. Demographics also play a role here.

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Fathom Holdings names industry veteran Jon Gwin as COO

Housing Wire

A licensed real estate broker since 2006, he managed a brokerage in San Diego and he also played a crucial role in establishing some of the first compliance management systems in the mortgage industry.

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