Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

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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

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Housing Wire

JUNE 25, 2023

The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Mortgage rates were again in a small range, hanging near 7%. Also, we must remember that even in 2021, when we had 3% mortgage rates, new listing data was trending at all-time lows.

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Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home.

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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.

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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. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

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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. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.”

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Yet, today’s housing market is nothing like the housing bubble of the mid-2000s. Prior to 2009, housing was overbuilt relative to demand.

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Mortgage rates started last week at 6.44% and fell to a low of 6.16% , then ended the week at 6.34%.

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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. As a novice real estate investor at the time, the market downturn completely wiped me out.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

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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. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers. Here we are.

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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. 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. New listings are declining now.

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Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. 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%. million units, down 1.7%

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.

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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.”

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Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? On the other hand, mortgage rates have gone down more than 1% since Oct. This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. But since Oct.

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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. In 2022, I brought up the premise that the Fed will not pivot until the labor market breaks,” he said. “So,

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Inventory Housing Market Sellers Marketing 467

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. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA).

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Listing Spark

JUNE 16, 2023

” [00:04:36] Austin real estate sales volume and velocity in April 2023 Austin’s housing market in April saw a decline in new listings and sales volume, but the market remains a seller’s market. The days on market have also increased to 52 days, up from 30 days last year. [00:08:08

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Housing Wire

MAY 23, 2023

housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. 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.

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Housing Wire

FEBRUARY 16, 2023

They have less competition as they are working from low sales levels in today’s housing market. 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.

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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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Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. Interest Rates.

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Housing Wire

APRIL 20, 2023

As we can see below, from 2000, total active housing inventory rose from 2 million to 2.5 million before we saw the massive stress spike in supply from 2005 to 2007. The NAR data looks a bit backward, so if you want more fresh weekly data, I write the Housing Market Tracker every week on Sunday night to give you that information.

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Housing Wire

JULY 19, 2023

As we can see in the chart below, the NAHB/Wells Fargo Housing Market Index (HMI) data, which surveys homebuilders, is above 50 again. This means homebuilders are feeling confident enough to issue more housing permits , as we have seen growth in single-family permits the last few months. million, down year over year too.

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Housing Wire

JUNE 27, 2023

They have no emotional ties to houses and don’t need to sell a home to buy another one. They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. I track the builders’ confidence and the 10-year yield because these two are essential for housing.

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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

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). By way of example, seller-funded down payment loans prevalent in the early 2000s had a $16.5

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Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

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Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. Marketing Strategies. Power Dynamic.

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Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Mortgage Rates.

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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. Economists forecast housing starts will rise a promising 5% in 2022. Who said this is a sellers’ market? SCAM ALERT.

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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.

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Housing Wire

MAY 30, 2023

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. I also recently joined Mike Simonsen’s Top of Mind podcast to talk about what’s happened in housing over the past year. Since Nov.

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Inventory Housing Market New Listings Marketing 471

Will Springer Realtor

OCTOBER 10, 2023

We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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