Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% for the first time since 2007, according to one index. Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. 19, up 6 basis points from the prior week.

Mortgage 464

Mortgage Housing Market Inventory Construction 464

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. 291,000 homes are still under construction: 5.7

Mortgage 545

Mortgage Construction Buyers Inventory 545

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.

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Mortgage Construction Lending Real Estate 382

Housing Wire

MARCH 23, 2023

Back in 2007 — after existing home sales got as low as we have seen in the recent data as the chart below shows — total active listings were above 4 million. This is a massive difference in inventory data and a plus for the homebuilders, which they didn’t enjoy in 2007. The builders will pull back on construction when the supply is 6.5

Inventory 545

Inventory Housing Market Construction Marketing 545

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

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.

Construction 498

Construction Housing Market Inventory Marketing 498

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 546

Housing Market Marketing Inventory Sellers 546

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. This is why construction workers haven’t been laid off while other jobs in the housing market have been.

Construction 516

Construction Housing Market Inventory Mortgage 516

Housing Wire

MAY 23, 2023

Last year, sale levels were meager and once mortgage rates fell and the builders were buying down rates to get more homes sold, the data stabilized and moved higher slowly. This is different from the 2007 housing market when the builders’ sales were still collapsing and monthly supply spiked with rising cancellation rates.

Inventory 516

Inventory Housing Market Construction Marketing 516

Housing Wire

JUNE 27, 2023

In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. NAR total active listings data going back to 1982 : This explains why the builders and new homes are doing better than the existing home sales market, which deals with higher mortgage rates and low active listings.

Construction 502

Construction Inventory Marketing Buyers 502

Empire Appraisal Group

JULY 6, 2022

s rising demand and lack of construction will probably offset a potential cooldown. 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. –

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Marketing Landlords Real Estate Tenants 78

Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. So, if all of you are looking for a sustained lower move in mortgage rates, that’s what you’re going to see.”

Inventory 467

Inventory Housing Market Sellers Marketing 467

Housing Wire

NOVEMBER 18, 2020

Single-family housing starts gained for the sixth consecutive month in October on an annualized pace not seen since April 2007, a Census Bureau report released Wednesday revealed. The Mortgage Bankers Association’s November forecast included expectations that a strong pace of single-family home starts will continue well in to 2021.

Construction 403

Construction Housing Market Marketing Mortgage 403

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. ” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities.

Real Estate Agent 382

Real Estate Agent Inventory Loan Officers Mortgage 382

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 518

Inventory Housing Market Construction Marketing 518

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. million The peak in 2007 was a bit over 4 million Currently we’re at 1.04

Housing Market 482

Housing Market Marketing Inventory New Listings 482

Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. Varies widely around the country. == Mortgage applications increased 1.1

Appraisal 90

Appraisal Real Estate Contracts Business 90

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M million. .”

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. months and above.

Contracts 545

Contracts Construction Supply Chain Marketing 545

Housing Wire

MARCH 12, 2024

This includes the pullback by homebuilders in the aftermath of the 2007-08 financial crisis, with “ completions falling from a peak of 2 million units in 2006 to just 585,000 in 2011,” she said. And housing construction never fully recovered after that.” This would act as “the equivalent of reducing the mortgage rate by 1.5

Construction 404

Construction Housing Market Insurance Finance 404

Housing Wire

DECEMBER 29, 2020

How the mortgage industry is working together to make housing more affordable. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction. Single-family housing starts saw their highest gain since 2007 in November, according to the U.S. Census Bureau.

Buyers 542

Buyers Construction Realtors Inventory 542

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

Supply Chain 483

Supply Chain Construction Inventory Buyers 483

Housing Wire

JUNE 2, 2022

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. Recently, mortgage rates have been a primary driver of the negative headlines that serve to incite panic over an imminent housing crash. housing market.

Housing Market 433

Housing Market Supply Chain Construction Clients 433

Housing Wire

JUNE 16, 2021

The total number of homes under construction increased 1.2% — the 12th consecutive monthly increase and its highest level since 2007. Permits for new construction by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. Single-family housing starts in May were at a rate of 1.1 from April.

Real Estate Agent 464

Real Estate Agent Construction Real Estate Inventory 464

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. in 2007-2008, few appraisers used them. I used Hypothetical Assumptions for new construction, of course. =.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. How Is My Neighborhood Doing?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

OCTOBER 20, 2020

above the revised August figure of 1.021 million, and a level not seen since 2007, Doug Duncan, chief economist at Fannie Mae , said. million annualized units, a level not seen since 2007. . million annualized units, a level not seen since 2007. “While starts were up 10.4% “The former rose 8.5% over the month to 1.1

Construction 483

Construction New Listings Housing Market Inventory 483

Housing Wire

JUNE 21, 2022

Data from John Burns Real Estate Consulting shows that student loan debt has increased 100% since 2007, keeping many renters in place. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. Here’s one data point for you.

Investors 404

Investors Renovations Inspection Government 404

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. Some mortgage companies are helping RSU holders to include this potential future income in the formula to determine a buyer’s credit worthiness. And many of the new projects are larger than in years past. ——-.

Construction 36

Construction Inventory Buyers Real Estate 36

Housing Wire

DECEMBER 17, 2020

Single-family housing starts continued their seven-month climb in November, coming in at the highest level since 2007, according to the Census Bureau. As a result of the pandemic, there has been a heightened demand for larger homes, which Kan said has driven more construction, home sales and mortgage originations.

Construction 510

Construction Housing Market Inventory Marketing 510

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Varies widely around the country. == Mortgage applications decreased 4.6 billion tax fraud scheme.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. Thorne, was best known for his use of steel in residential construction. November 15, 2023) — Mortgage applications increased 2.8

Appraisal 70

Appraisal Modernization Training Business 70

Appraisal Today

OCTOBER 21, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on retirement, liability, ADUs, appraiser cartoon, real estate market, Appraisal business, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Assurance Financial

NOVEMBER 9, 2021

This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. Tips for Buying in a Seller’s Market.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

JANUARY 11, 2023

The construction crane was recently removed from the 8 th Avenue and Columbia Street location and interiors are being filled out with high-quality finishes. Buyers must rely on portfolio lenders – known for holding the mortgage through the duration of the loan – such as Washington Federal to finance the home. baths in 11,104 sq.

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

MAY 9, 2023

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. years, according to recent data, when it was only about five years just before the housing market crash of 2007. They include Nexus , The Emerald , KODA and Spire.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

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. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

Sellers 36

Sellers Marketing Supply Chain Construction 36