Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

Real Estate 428

Real Estate Agents Marketing Sellers 428

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 and above. But since Oct.

Mortgage 540

Mortgage Construction Buyers Inventory 540

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage 368

Mortgage Property Taxes Investors Buyers 368

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 413

Business Mortgage Loan Officers Inventory 413

Housing Wire

OCTOBER 12, 2022

It’s no coincidence that the post-2008 crisis mortgage expansion happened to occur during a period marked by transformative technological change in the industry. Most people outside of the mortgage industry are not even aware that one of the largest mergers between mortgage technology firms is on the verge of taking place.

Mortgage 369

Mortgage Technology Business Contracts 369

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. In March of 2022, sellers received an average of 5.5

Realtors 416

Realtors Buyers Inventory Sellers 416

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

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Inventory New Listings Housing Market Sellers 516

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 366

Housing Market Marketing Sellers Inventory 366

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. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Of course, the answer is about why this is not the same market — in any way — to post 2008. Are we in a housing bubble?”

Sellers 381

Sellers Housing Market Inventory Buyers 381

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 440

Housing Market Marketing Inventory Realtors 440

Housing Wire

NOVEMBER 27, 2023

Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. New home sales missed estimates and had negative revisions for three months, but the number is still growing double-digit year over year — even with mortgage rates at 8% in October. Be the detective, not the troll, folks.

Construction 435

Construction Buyers Mortgage Inventory 435

Housing Wire

OCTOBER 3, 2022

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday. as of Sept.

Inventory 523

Inventory Home Value Housing Market Mortgage 523

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 457

Mortgage Inventory Housing Market Construction 457

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. However, in many areas of the country it does remain a seller’s market. Historically 2.5

Realtors 386

Realtors Housing Market Marketing Buyers 386

Housing Wire

SEPTEMBER 19, 2023

Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. We’re hearing people imagine 8% mortgage rates. What’s happening?

Housing Market 420

Housing Market Marketing Inventory New Listings 420

Housing Wire

APRIL 25, 2023

The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. However, the people who say low inventory is fake news don’t realize that housing credit channels are very different from 2008, which has prevented total active listings from looking anything like 2008.

Inventory 470

Inventory Housing Market Construction Marketing 470

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. As mortgage rates rose more and more, the October to January data was going to show big negative prints. Now we are getting the call back to balance, which is good.

Inventory 463

Inventory Marketing Housing Market New Listings 463

Housing Wire

MAY 4, 2022

The combination of these factors has some feeling 2008 déjà vu. 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.

Housing Market 352

Housing Market Finance Marketing Mortgage 352

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. 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. However, I caution people not to look at it this way since the U.S.

Construction 488

Construction Housing Market Inventory Mortgage 488

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 360

Real Estate Real Estate Agent Technology Investors 360

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. The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. Now on to the report. This represents a supply of 6.7

Construction 491

Construction Inventory Marketing Buyers 491

Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). Suppose mortgage rates had broken below 5.75%.

Inventory 441

Inventory Construction Housing Market Mortgage 441

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 390

Mortgage Loan Officers Finance Investors 390

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 424

Housing Market Inventory Contracts Marketing 424

Empire Appraisal Group

JULY 14, 2022

About 45% of mortgaged residential properties in the U.S. Record levels of home equity provide financial security for millions of families and minimize the chance of another housing market crash like the one we saw in 2008. of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%).

Sellers 78

Sellers Marketing Market Value Realtors 78

Housing Wire

APRIL 11, 2023

HousingWire: How have the current mortgage rate and inventory challenges impacted the direction of Corcoran’s marketing strategies? We have been through market downturns before — from 2008 to the height of the COVID-19 pandemic. Christina Panos: We work closely with agents to ensure their marketing strategies are nimble.

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Marketing Agents Inventory Sellers 350

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 368

Real Estate Realtors Brokerage Business 368

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. Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. The first answer is that people are staying in their homes longer post-2008. Credit stress was evident from 2005 to 2008.

Inventory 505

Inventory Housing Market Construction Marketing 505

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. How do we combat this?

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 17, 2023

That makes those homeowners susceptible to predatory behavior by some buyers operating in the pre-foreclosure marketplace, behavior that has been chronicled in several prominent, recent news stories. In nearly every case, the mortgage was never paid, leaving the homeowner with no property but a pile of debt.”

Buyers 387

Buyers Retail Market Value Real Estate Agent 387

Housing Wire

JUNE 20, 2023

As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates. Can you imagine a housing market with mortgage rates at 5% instead of 7%?

Housing Market 446

Housing Market Construction Sellers Marketing 446

Eppraisal

OCTOBER 5, 2022

Now that the real estate market is transitioning with softening sales and rising interest rates, it is important to be in the know as a home buyer. As a buyer in a transitioning market, you have more to prepare for. Even so, there are still many home buyers out there. Buyers have a little more leverage now.

Buyers 68

Buyers Real Estate Agent Marketing Sellers 68

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