Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

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 353

Investors Law Design Mortgage 353

Housing Wire

APRIL 30, 2023

The other focus should be where mortgage rates go; only a little happened last week. Mortgage rates, once again, didn’t move too much this last week; the bottom level range was 6.50%, while the top was 6.67%; we ended the week at 6.59%. In 2007, when sales were down big, total active listings peaked at over 4 million.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S. Covid challenges.

Lending 437

Lending Mortgage Sellers Technology 437

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 439

Housing Market Marketing Insurance Mortgage 439

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. years in March 2023, according to recent data.

Housing Market 387

Housing Market Marketing Sellers Inventory 387

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. . Confused by this?

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. In 2007, when sales were down big, total active listings peaked at over 4 million.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

NOVEMBER 19, 2020

Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% Second, housing tenure is currently at 10 years, double what it was from 1985 to 2007. And third, mortgage rates will stay low during these five years of great demographics and long housing tenure. year over year.

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. In 2007, when sales were down big, total active listings peaked at over 4 million.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. HW+ has been a major resource in getting my knowledge base to where it needs to be!

Real Estate 388

Real Estate Realtors Brokerage Business 388

Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. Existing home sales last month declined 5.9%

Housing Market 412

Housing Market Marketing Inventory New Listings 412

Housing Wire

MAY 18, 2023

In 2007, for context, we were a tad above 4 million. From NAR : First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days.

Housing Market 538

Housing Market Marketing Inventory Mortgage 538

Housing Wire

JANUARY 25, 2023

in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. As inflation eases, so will long term mortgage rates. We can also expect low housing demand, which favors buyers.

Housing Market 423

Housing Market Marketing Inventory Sellers 423

Housing Wire

MAY 4, 2022

A housing bubble can generally be defined as an unsustainable period of house price growth generated by artificial demand, as was the case in the mid-2000s when demand surged because of wider access to mortgage financing. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s.

Housing Market 375

Housing Market Finance Marketing Mortgage 375

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. million, with a peak in 2007 a tad over 4 million. million in October.

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. “The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said.

Inventory 498

Inventory Construction Housing Market Business 498

Housing Wire

APRIL 9, 2021

“First-generation buyers who do buy homes often take on greater debt to do so or delay homeownership for years, making it difficult for homeowners of color to build wealth at the same pace as white homeowners,” said Jung Choi, a senior research associate with the Housing Finance Policy Center. . Presented by: Citibank.

Finance 433

Finance Housing Market Buyers Mortgage 433

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 342

Investors Buyers Investing Technology 342

Housing Wire

JANUARY 16, 2023

Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. This is a small number but could be the start of an important trend.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

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 521

Housing Market Marketing Inventory Realtors 521

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. million The peak in 2007 was a bit over 4 million Currently we’re at 1.08

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. Morgan Chase ; and Mount Laurel New Jersey-based Freedom Mortgage. billion and 5%; and Freedom Mortgage, $365.4

Marketing 379

Marketing Mortgage Sellers Valuation 379

Housing Wire

JANUARY 27, 2023

On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products. months of supply. But since Oct.

Mortgage 544

Mortgage Construction Buyers Inventory 544

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. Product risk—such as from mortgages with introductory periods, teaser rates, or balloon payments—comprised about 40% of the mortgage market between 2004 to 2006. ‘This Isn’t a Bubble’.

Housing Market 78

Housing Market Realtors Inventory Finance 78

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 382

Inventory New Listings Law Housing Market 382

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. This week’s near constant mortgage rates may not yet reflect a rise in U.S.

Mortgage 464

Mortgage Inventory Government Construction 464

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. In the graphic to the right, you can see this more clearly.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. The purchase application data has weakened as mortgage rates headed higher earlier in the year.

Inventory 484

Inventory Housing Market Mortgage Marketing 484

Housing Wire

MARCH 23, 2023

This business model means that the builders are very mindful of the demand for their product and keep an eye out on their main competition, the existing home market, where supply is cheaper for a buyer. This is a massive difference in inventory data and a plus for the homebuilders, which they didn’t enjoy in 2007.

Inventory 545

Inventory Housing Market Construction Marketing 545

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

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. Production falls.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

McKissock

SEPTEMBER 7, 2021

Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace. F) Rapid changes in residential mortgage interest rates. B) Days on Market for listings increase.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Listing Spark

JUNE 27, 2023

This sentiment is supported by the expectation of a majority of Americans that home prices and mortgage rates will either increase or remain the same over the next year 1. Mortgage interest rates have hit 7%, their highest since August 2007 2. It’s definitely a seller’s market: Buyer sentiment sags in poll.

Real Estate 69

Real Estate Sellers Inventory Marketing 69

MN Real Estate Services

JUNE 24, 2016

Perhaps due to Brexit, financing costs for mortgages are now at 3 year lows. Mortgage applications up 3% on lowest rates in three years. Total mortgage application volume increased 2.9 million units last month, the highest level since February 2007. percent last week on a seasonally adjusted basis from the previous week.

Finance 78

Finance Realtors Real Estate Retail 78

Empire Appraisal Group

JULY 6, 2022

Wary buyers and rising interest rates may affect some U.S. The average interest rate on a 30-year fixed mortgage was 5.48% Thursday, an increase of 7 basis points over the past week, according to Bankrate.com. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s WEST PALM BEACH, Fla. – Housing crash unlikely.

Marketing 78

Marketing Landlords Real Estate Tenants 78