Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare. ”

Inventory 458

Inventory Housing Market Lending Buyers 458

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. In the mortgage space, UBS has plans to wind down a business in its U.S. mortgage unit that focuses on “to-be-announced” (TBA) trading.

Investors 370

Investors Law Design Mortgage 370

Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker.

Loan Officers 432

Loan Officers Investors Legal Buyers 432

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., On the bright side, homeowners with mortgages still had $9.3 put more pressure on home prices. In February, it took 33.2%

Inventory 397

Inventory New Listings Housing Market Mortgage 397

Housing Wire

SEPTEMBER 2, 2020

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. The buyers are coming in because of the low interest rates – that’s the No. The average U.S. million in July, NAR said in an Aug. from last year.

Housing Market 546

Housing Market Marketing Realtors Mortgage 546

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. pending home sales fell 1.1% compared to a year ago. but remained 19.6%

Realtors 534

Realtors Inventory Contracts Development 534

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% And third, mortgage rates will stay low during these five years of great demographics and long housing tenure.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

APRIL 23, 2023

We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago. Mortgage rates started the week off at 6.61% and ended at 6.66%, so a calm week on the rate front. The red line is where NAR believes a balanced market is, at six months of supply.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. Another reason for low inventory – active listings were down 47% in March compared to March 2019, per the report – are low mortgage interest rates. Forty-six percent of homes sold within a week after the hitting the market.

Inventory 441

Inventory Housing Market Realtors Marketing 441

Housing Wire

SEPTEMBER 29, 2021

“Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”.

Contracts 421

Contracts Inventory Housing Market Marketing 421

Housing Wire

DECEMBER 30, 2020

from its former high in July 2006, and was up 8.4% As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%. Streamlining the refinance process in this low mortgage rate environment. year over year.

Contracts 534

Contracts Inventory Realtors Government 534

Housing Wire

FEBRUARY 17, 2023

Simonsen founded Altos Research in 2006. With data specific to your local market like this, agents can become local experts and answer their buyers and sellers questions faster. In 15 years, the data analytics company has grown into a titan of data. Altos reports on 99% of zip codes in the United States.

Sellers 397

Sellers Housing Market Real Estate Agents 397

Housing Wire

JUNE 30, 2021

The Freedom Mortgage Wholesale Division offers their clients the industry’s most experienced sales and operational teams to support a full spectrum of products from conventional to government. Freedom Mortgage’s experienced account executives have an average tenure of 8.5 1 VA, FHA and GNMA lender.”.

Mortgage 214

Mortgage Clients Training Government 214

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

SEPTEMBER 28, 2020

The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good. Compare today’s housing market with that in 2018, when mortgage rates were heading toward 5% and monthly supply went above 6.5 We haven’t started a year yet at 1.5

Inventory 530

Inventory Buyers Mortgage Housing Market 530

Housing Wire

APRIL 27, 2021

The 12% home price gain is the highest recorded increase since February of 2006. “This data remains consistent with the hypothesis that COVID-19 has encouraged potential buyer to move from urban apartments to suburban homes,” Lazzara said. in January. It’s the ninth straight month of increasing prices.

Inventory 384

Inventory Buyers Finance Investing 384

Housing Wire

MAY 25, 2021

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. to the highest level since 2006. ” Technology for navigating secondary market challenges. Presented by: MCT.

Construction 421

Construction Development Technology Marketing 421

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 528

Inventory New Listings Housing Market Sellers 528

Housing Wire

MARCH 28, 2022

That’s nearly 200,000 above the previous peak in 2006. Working with buyers scrambling to compete in an insane seller’s market has become a 24/7 job; homes sell in the blink of an eye. Mortgage marketers that convincingly communicate that they can meet that core need, and demonstrate how they do that, win.

Realtors 370

Realtors Real Estate Agent Marketing Advertising 370

Housing Wire

OCTOBER 28, 2020

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In CNBC also cited a source that said CoreLogic “has already signed a non-disclosure agreement with at least one potential buyer.”

Investors 353

Investors Buyers Investing Development 353

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher.

Housing Market 485

Housing Market Finance Contracts Inventory 485

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. There’s buyer fatigue and real questions about affordability.” on pace for 6.29

Real Estate 450

Real Estate Realty Brokerage Realtors 450

Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. It’s May 19, mortgage rates are over 5.5%, and the mass exodus of 7-8 million Americans selling their homes to cash out at any price has never happened. Inventory is always seasonal.

Housing Market 525

Housing Market Marketing Inventory Realtors 525

Housing Wire

NOVEMBER 16, 2020

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. The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% year-over-year gain in listing prices during the week of Nov.

Housing Market 421

Housing Market Real Estate Agent Marketing Realtors 421

Empire Appraisal Group

MAY 13, 2021

housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. The median selling price for a home is up $35,000 compared to a year ago, which is the fastest-paced increase since 2006, Tirupattur said. But this isn’t 2006. ‘This Isn’t a Bubble’.

Housing Market 78

Housing Market Realtors Inventory Finance 78

Housing Wire

JULY 29, 2022

The end of seller speculation in the housing market is long overdue and welcome news for buyers. This rise in inventory will tilt the bargaining power in these market toward buyers, and house price growth will ease. Early signs of blossoming competition for buyers are already evident in the data from Reator.com. increase to 6.7%

Housing Market 410

Housing Market Sellers Marketing New Listings 410

Housing Wire

JUNE 15, 2022

How will the announcement impact mortgage rates? If they hint that this is on their minds, bond yields can retrace and head lower giving better pricing for mortgage rates. The last time I had four of my six recession red flags up it was 2006 and the other two came that year. What do you expect to hear? What’s priced in?

Inventory 370

Inventory Investors Retail Housing Market 370

Housing Wire

APRIL 23, 2021

Low mortgage rates and incredible buyer demand won out over pressure from soaring lumber prices in March as single-family new home sales rose 20.7% This is the fastest sales pace since September 2006. This is the fastest sales pace since September 2006. As long as mortgage rates stay low the builders are going to be fine.”

Buyers 491

Buyers Housing Market Marketing Inventory 491

Cornerstone

APRIL 30, 2021

Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. Spring is a favorable season for move-up buyers. This includes getting prequalified for a mortgage early so a buyer is prepared to act before they start hunting. Download the infographic here.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. New Hampshire data goes back to 1998, with the highest listing Q1 was also in 2006 at 9,685 and with 2023 the lowest at 3,399.

Sellers 59

Sellers Buyers Real Estate Realty 59

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime. New listings are declining now.

Inventory 384

Inventory New Listings Law Housing Market 384

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). Housing Market Collapse? Nowhere in Sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. Mortgage rates have also jumped to north of 3% ; at its current pace, the Mortgage Bankers Association is forecasting rates will reach nearly 3.5% The national average of home prices rose 14.4%

Buyers 545

Buyers Sellers Inventory New Listings 545

Lamacchia Realty

APRIL 8, 2024

Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area. To learn more about Cristina, click here: Cristina Coppola Jeffrey Harris is a seasoned Residential and Commercial Realtor®️ with a track record spanning back to 2006. To learn more about Paul Dubuque, click here.

Realtors 71

Realtors Realty Real Estate Agents 71

Lamacchia Realty

FEBRUARY 15, 2023

After over a decade of serving buyers and sellers in New Hampshire, Lamacchia Realty is in the process of opening their first branch office in The Granite State! Lamacchia Realty has been serving buyers and sellers since 2006. REALTORS ® and staff alike are thrilled at the opening of an office in Southern New Hampshire.

Realty 74

Realty Realtors Renovations Sellers 74

Lamacchia Realty

JANUARY 12, 2024

Since its establishment in 2006, Lamacchia Realty has been dedicated to serving the needs of both buyers and sellers. Lamacchia Realty was also ranked number one as the number one independent brokerage in Worcester County with the highest sales volume and the highest number of closed transactions for all of 2023.

Realty 60

Realty Brokerage Realtors Training 60