Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels.

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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.”.

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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. Presented by: Fannie Mae.

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Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic.

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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%. 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. Inventory is always seasonal. million and 1.93

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Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. For example, if a natural disaster destroyed thousands of homes in a housing market, prices would rise due to the loss of inventory. increase to 6.7%

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Housing Wire

DECEMBER 30, 2020

“The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. from its former high in July 2006, and was up 8.4% Streamlining the refinance process in this low mortgage rate environment. The National Index is now up 24.5%

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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. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Housing Wire

APRIL 27, 2021

The 12% home price gain is the highest recorded increase since February of 2006. Mortgage rates dropped below 3% last week for the first time in two months — down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. in January. It’s the ninth straight month of increasing prices.

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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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Housing Wire

MARCH 31, 2022

.” The notion that educated homeowners with positive cash flow — who aren’t showing any stress in making their low payments thanks to historically low mortgage rates — would sell at 50%, 60% to 70% off current values and go back to renting, doesn’t seem realistic. I set a cumulative price growth model of 23% for five years.

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Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher. For-sale inventory levels charted their fourth consecutive monthly increase in August, and sellers appear to be taking a less aggressive approach when putting their homes on the market.

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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.

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Housing Wire

AUGUST 5, 2022

We had some funky trade and inventory data that tilted the GDP negatively, but the traditional data lines that go negative in a recession are just not there yet. Once mortgage rates rise, the new home sales sector does get hit harder than the existing home sales market. We see this in the durable goods data.

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Housing Wire

FEBRUARY 14, 2022

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. This classification is essential to the real estate industry, homeowners across the country, and to boosting the economy,” NAR declared. It was as boring as it sounds like.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The housing market shifted in March of this year.

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Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Gault and Wexler both came from real estate families and have been in the industry for over 20 years.

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Empire Appraisal Group

MAY 13, 2021

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. Housing inventories are low, credit remains tight, and lenders aren’t issuing risky loans at rates like they did back then. At the end of March, there were 1.07

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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. Or to discourage mortgage brokers from lending. In recent years, however, the real estate market has been resilient, through the ups and downs of the U.S.

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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.”

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Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. 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.

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McKissock

SEPTEMBER 7, 2021

Following the pandemic, we are experiencing a surging real estate market, which begs the question: Is there a market correction on its way? Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. F) Rapid changes in residential mortgage interest rates.

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Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. to over 7% in a very short period of time.

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Sellers Inventory Housing Market New Listings 504

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? Traditionally, when economic data gets better, the 10-year yield sells off and yields go up with mortgage rates. was in a recession.

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Housing Wire

JULY 6, 2022

But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in April marking the largest single-month deceleration since 2006. The annual home price growth index, measured by Black Knight, grew 19.3%

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Housing Wire

APRIL 16, 2021

“The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said. “An extremely tight supply of existing homes for sale combined with still-favorable mortgage rates and an improving labor market will continue to support demand for new housing. from February.

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Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Housing inventory.

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Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Empire Appraisal Group

APRIL 22, 2021

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. Between a wave of foreclosures, rising rents, and underbuilding of new homes, the housing market became much harder to crack into from 2006 to 2017. MECKLENBURG, Tenn. –

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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. ==. How to get referrals from real estate agents. Purchase vs. refi appraisals.

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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. ==. It looks like the change is starting because of increasing mortgage interest rates. We have never seen a pandemic real estate market before.

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Housing Wire

MAY 21, 2021

Steep competition stirred in part by low mortgage rates, demographic factors and an improving economy is pushing home prices up at the strongest pace in decades, with sales happening at lightning speed and often for well above list price, noted Zillow Economist Matthew Speakman. . NAR also noted the role of inventory in existing home sales.

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Housing Wire

DECEMBER 8, 2020

How the mortgage industry is working together to make housing more affordable. Seattle is currently a hot market – in October, there was less than a month’s worth of inventory and pending home sales outpaced supply. In the Bay Area, RedfinNow is now available to homeowners in the East Bay and South San Jose areas.

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Housing Wire

MAY 7, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. thus, increasing inventory and driving overall prices down.

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Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Housing Wire

MARCH 23, 2022

Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. As mortgage rates rise, all else held equal, house-buying power falls,” First American deputy chief economist Odeta Kushi said in a statement. after a 10.4% drop in January.

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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. in first quarter to 27.5% It remained way below the 44.6% hit in the second quarter of 2021.”

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