Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

Mortgage 513

Mortgage Inventory New Listings Sellers 513

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. million, and in 2007, it peaked at 4 million. from the previous year ($375,300). All four U.S. million in March.

Inventory 473

Inventory Housing Market New Listings Buyers 473

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. To register, go here.

Housing Market 350

Housing Market Marketing Sellers Inventory 350

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

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 507

Inventory New Listings Housing Market Sellers 507

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

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 404

Lending Mortgage Sellers Technology 404

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 511

Inventory Housing Market Marketing New Listings 511

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 411

Housing Market Marketing Insurance Mortgage 411

Housing Wire

DECEMBER 20, 2023

However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%.

Housing Market 430

Housing Market Marketing Inventory Realtors 430

Housing Wire

FEBRUARY 16, 2023

The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. Buyers have fewer choices than normal in the past eight years — but in reality, since 1982.

Construction 472

Construction Housing Market Inventory Mortgage 472

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 353

Real Estate Realtors Brokerage Business 353

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 411

Housing Market Marketing Inventory Sellers 411

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. Now on to the report.

Construction 481

Construction Inventory Marketing Buyers 481

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

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023.

Inventory 343

Inventory Contracts Buyers Mortgage 343

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 336

Housing Market Finance Marketing Mortgage 336

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 460

Inventory Marketing Housing Market New Listings 460

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Homelight , a platform for homebuyers and sellers, was No. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 5000 edition.

Real Estate 350

Real Estate Real Estate Agent Technology Investors 350

Housing Wire

APRIL 20, 2023

NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. million before we saw the massive stress spike in supply from 2005 to 2007.

Inventory 519

Inventory Housing Market Marketing New Listings 519

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. He said the outlook for MSR assets “remains very strong, driving [price] multiples to very attractive levels for prospective sellers.”. “As

Marketing 351

Marketing Mortgage Sellers Valuation 351

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

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? The housing market shifted in March of this year.

Inventory 493

Inventory Housing Market Construction Marketing 493

Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 60

Bracketing HOA Sellers Buyers 60

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. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. In typical rate rising cycles, there is a lack of buyers.

Sellers 74

Sellers Real Estate Buyers Inventory 74

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

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Who said this is a sellers’ market? A modicum of relief is on the way. Economists forecast housing starts will rise a promising 5% in 2022.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

Marketing 66

Marketing Sellers Buyers Inventory 66

Listing Spark

JUNE 27, 2023

National Landscape: Indications of a Seller’s Market As detailed in a recent article by Matt Carter published on June 9, 2023, a national sentiment heavily favoring sellers prevails 1. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.”

Real Estate 69

Real Estate Sellers Inventory Marketing 69

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.

Inventory 381

Inventory New Listings Law Housing Market 381

Birmingham Appraisal

JANUARY 11, 2023

The higher rates resulted in larger mortgage payments which took many buyers out of the market. The dynamics of supply and demand dictate that as demand decreases (because buyers are leaving the market due to higher mortgage payments) prices will drop. Whenever this happens the supply and demand formula is affected.

Housing Market 83

Housing Market Marketing Inventory Sellers 83

Will Springer Realtor

MAY 9, 2023

It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. Where are all the sellers? They’re sitting comfortably at home enjoying mortgages with historically low interest rates and little incentive to move.

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

MAY 17, 2022

Gordon already possessed a vast knowledge of the workings of the Federal Housing Administration , a complex agency within HUD, and the government’s premier mortgage financing product serving first-time homebuyers and borrowers of color. “I I always used to joke with her that she knew more about the program than I did,” Golding said.

Insurance 312

Insurance Development Housing Market Mortgage 312

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007.

Buyers 64

Buyers Inventory Sellers Housing Market 64

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. If you price your home even $50K over the rest, your home may be overlooked.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? Should buyers still be staying in with current interest rates? As the market shifts back to the buyers, sellers are having to make more concessions. powered by Sounder.

Real Estate 36

Real Estate Sellers Buyers Real Estate Agent 36