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New homes are selling like it’s 2006 again

Housing Wire

This is the fastest sales pace since September 2006. David Berson, Nationwide’s chief economist, said he is expecting that new home sales will continue to climb to levels not seen since 2006, despite expectations of modest mortgage rate increases. from February to a 1.02 Census Bureau. lower than March 2020.

Buyers 498
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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.

Marketing 388
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October jobs report will influence Fed policy, mortgage rates path

Housing Wire

Home prices have increased each year since 2012, so even for someone who purchased a home in 2006 and saw significant depreciation due to the housing crisis, their financial gains have outpaced those of the U.S. renter population.

Mortgage 428
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Century 21 merger expands central Florida presence

Housing Wire

PAL Realty, founded in 2006 by broker June Robbins, will now operate under the Century 21 Myers Realty name. Century 21 Myers Realty has merged with PAL Realty , a Leesburg, Florida -based firm that specializes in serving 55-plus active adult communities.

Realty 429
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ERA Real Estate affiliate expands in Pennsylvania

Housing Wire

Miller & Associates Real Estate was founded in 2006 by Marshall Miller, who will now oversee agent recruitment and regional growth initiatives for Mountain Realty ERA Powered in its expanded western territory.

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Home equity cushions homeowners against economic shocks

Housing Wire

The loan-to-value data averaged roughly 57% from 2005 to 2006. Down payment and loan-to-value data are very different As shown in the chart below, the loan-to-value ratio for American households is very low. How does this compare to the housing bubble crash years? Currently, we are at 47%.

Law 467