Housing Wire

MAY 6, 2022

Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. Job openings in construction and manufacturing are big in America today. As we can see, the labor market is solid and has some legs. The unemployment rate currently stands at 3.6%.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Overall, annual mortgage origination levels are expected to be $2.8

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Housing Wire

OCTOBER 27, 2022

Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months? After the GDP report came out, the bond market rallied, sending yields lower, which some people were confused about. was in a recession.

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Empire Appraisal Group

APRIL 22, 2021

Housing Demand Likely to Stay High for Years to Come. Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. MECKLENBURG, Tenn. –

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Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. The smart thing to do is go with the builder sentiment trend until it reverses, and most likely, we will need to see lower mortgage rates for that to happen.

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Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said.

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows.

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Housing Wire

JANUARY 10, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. The event is exclusively for HW+ members , and you can go here to register. for 30-year fixed-rate loans.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Housing Wire

MAY 6, 2021

For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS. Despite consistent forecasts of a market with rising rates, the 30-year fixed rate mirrored more closely numbers borrowers saw back in February.

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Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. As mortgage rates rise, all else held equal, house-buying power falls,” First American deputy chief economist Odeta Kushi said in a statement. This is an increase of 3.3% after a 10.4% drop in January.

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Housing Wire

DECEMBER 16, 2020

After three successive months of record highs, the National Association of Home Builders and Wells Fargo Housing Market Index measuring builder confidence fell four points to 86 in December. How the mortgage industry is working together to make housing more affordable. The Northeast, however, slipped down a point to 78.

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Housing Wire

NOVEMBER 28, 2022

housing market went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. However, getting mortgage rates lower with duration will help housing.

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Housing Wire

NOVEMBER 25, 2020

higher than the same time last year, according to the Census Bureau and the Department of Housing and Urban Development. With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. below September’s 1,002,000 revised rate but still a massive 41.5%

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Appraisal Today

OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. The Tectonic House in Venice Beach, CA – $5.8M. Affordable Midwest and East Coast Markets Are Holding Up Best as the U.S. Lot Size: 0.06

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Housing Wire

MARCH 12, 2024

The housing priorities outlined by the White House and President Joe Biden last week before and during the State of the Union address are crucial for alleviating a serious burden facing many Americans, and the plan emphasizes actions that can be taken to impact the current housing market.

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Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Conch Shell House in Mexico on the island of Isla Mujeres. Purchase vs. refi appraisals.

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Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

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Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005.

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Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets.

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Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

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Housing Wire

SEPTEMBER 3, 2022

From BLS: Below are the areas where the report says jobs were created, and the construction job growth data is encouraging to see. Also, we must be mindful that multifamily construction has been good this year, with rental demand still solid. I have to — I raised my fifth recession red flag for housing in June of this year.

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Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. HousingWire: What are the current challenges when it comes to affordable housing?

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Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

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Housing Wire

JUNE 16, 2022

Housing starts came in at 1.549 million and housing permits came in at 1.695 million. Housing completion data did grow to 1.465 million and more of the backlogged homes are finished. While this data line isn’t crashing, the ability to grow from these levels is limited with rising mortgage rates. percent (±13.6

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Housing Wire

DECEMBER 29, 2020

from its former high in July 2006. How the mortgage industry is working together to make housing more affordable. These factors appear likely to remain in place in the near term, and an incrementally improving economy should encourage more buyers to enter the market.”. Housing starts rose 1.2% respectively. “The

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. It looks like the change is starting because of increasing mortgage interest rates. I am on many email lists.)

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Housing Wire

JUNE 21, 2023

Census Bureau speaks to the growing strength of the new home market, which stands in stark contrast to the moribund re-sale market. May’s housing starts rate was actually the highest since April 2022, which was then the highest since 2006. Single-family construction deliveries, meanwhile, will likely be more muted.

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Empire Appraisal Group

OCTOBER 28, 2021

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. Stronger mortgage market. mortgages were in forbearance. The short answer? Currently, there are an estimated 1.6

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Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. He said the housing market is now riding out an environment of “low inventory and high rates.” “I

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Housing Wire

JANUARY 21, 2021

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. “ December housing rates hit 1,338,000 — up from November’s equally- impressive number of 1,195,000. . That’s up 27.8%

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Clear Capital

AUGUST 30, 2021

While the Federal Reserve is probably still at least a year away from raising the federal funds rate, the central bank is beginning to focus on when to reduce its purchases of treasuries and mortgage-backed securities (MBS). Treasury yields rose, and MBS spreads widened, which pushed the 30-year mortgage rate from 3.4%

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Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. “A million sq.

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Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Icon is on a mission to change the way we house the homeless and others.

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Will Springer Realtor

AUGUST 9, 2021

The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects.

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