Housing Wire

MAY 16, 2024

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. Overview of findings The report was released to the public in November 2023. While all HECM borrowers are aged 62 or older, the age profile of borrowers has trended younger over time.”

Development 416

Development Appraisal Property Appraisal Insurance 416

Housing Wire

JULY 15, 2024

. “The timing could not be better for us to enter this market with our solutions-based approach to this product segment — the broker community is the most significant it has been since 2009, with almost 25% market share of mortgage transaction activity,” Wells said in a statement.

Lending 400

Lending Finance Real Estate Construction 400

Appraisal Buzz

JULY 18, 2024

54,300 properties were purchased by foreign buyers, representing the lowest amount of homes purchased since 2009, the year NAR started collecting this data, and a 36% decrease from the prior year. The 54,300 existing homes sold—the lowest since NAR began tracking in 2009—slid 36% from the previous year. In total, some 4.09

Buyers 395

Buyers Real Estate Realtors Development 395

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S.

Buyers 485

Buyers Inventory Realtors Real Estate 485

Housing Wire

MAY 10, 2024

Ware, who founded The Property Shop in 2009, will serve as a growth leader at Real and help to build visibility for its brand. The Property Shop is the largest independent brokerage in Fort Worth. Real’s Private Label Program offers the best of both worlds,” Ware said in a statement.

Brokerage 397

Brokerage Training Agents Real Estate 397

Inman

JANUARY 10, 2023

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. The balance of power in the rental market is rapidly shifting to renters.".

Inventory 154

Inventory Marketing Investing 154

Housing Wire

JULY 3, 2024

Of course, it wasn’t just 2011 that had a burst of new listings: from 2009-2012, the new listings data was running at 250,000 to 400,000 per week, whereas the last four years, we have been running at 30,000 to 90,000 per week, roughly.

Housing Market 373

Housing Market Marketing New Listings Contracts 373

Housing Wire

DECEMBER 21, 2023

Moreover, early-stage delinquencies among VA loans hit their highest non-pandemic levels since 2009. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

Mortgage 432

Mortgage Inventory Technology 432

Housing Wire

MAY 30, 2024

joined the business in 2009, bringing extensive experience in sales, marketing and strategic management. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. DelRose Sr. also serves as a trustee at Watertown Savings Bank. DelRose Jr.

Realty 432

Realty Brokerage Real Estate Clients 432

Housing Wire

JANUARY 9, 2024

Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development. MEC prides itself as a “one-stop online resource for all things mortgage training and education.”

Training 421

Training Mortgage Lending Real Estate 421

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2009 to 2013, buyers spent more than 12 weeks looking for a home, but in 2021, they searched for just eight weeks, according to NAR.

Buyers 421

Buyers Inventory Open Houses Technology 421

Appraisal Buzz

JULY 18, 2024

The 54,300 existing homes sold – the lowest since NAR began tracking in 2009 – slid 36% from the previous year. International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year, according to the National Association of Realtors (NAR). existing homes purchased.

Buyers 195

Buyers Realtors Appraisal 195

Housing Wire

MAY 7, 2024

in Q4 2023, the highest number we’ve seen since 2009. Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% This is a true testament to the care, commitment and passion brokers across the country have for their borrowers. The big question is, what caused this increase?

Retail 450

Retail Marketing Loan Officers Government 450

Housing Wire

APRIL 22, 2024

in 2009, joined CCM in December 2022 as corporate vice president of production strategy and strategic partnerships. The transition was announced on Monday afternoon during a session at The Gathering, HousingWire ’s real estate and mortgage conference held in Scottsdale, Arizona.

Retail 416

Retail Mortgage Loan Officers Real Estate 416

Appraisal Buzz

JUNE 27, 2024

The percentage of seriously delinquent mortgages—mortgages that are 60 or more days past due and all mortgages held by bankrupt borrowers whose payments are 30 or more days past due—decreased from the previous quarter and has trended down since the first quarter of 2022.

Government 195

Government Mortgage Appraisal 195

Appraisal Buzz

MAY 22, 2024

Whittier first joined First Home Mortgage in 2009. Tim Whittier has been promoted to president at First Home Mortgage. He began his mortgage banking career in 1992 directly out of the University of Maryland. What initially started as just a job where a friend worked has become a lifetime career.

Mortgage 195

Mortgage Loan Officers Clients Technology 195

Housing Wire

MAY 26, 2022

Today, however, the purchase application data is actually down to levels we saw in 2009 ! How can housing inventory be so low today when it skyrocketed back in 2009? The post Purchase apps are at 2009 level: where’s the inventory? If you connect the lines, you can see where we are on a historical basis.

Inventory 522

Inventory Housing Market Construction Marketing 522

Appraisal Buzz

JUNE 18, 2024

This balance of available homes to homeseekers reached a tipping point when the Great Recession hit in 2007-2009—a balance which reached a tipping point when the recession ushered in a decade of underbuilding. This has had lasting consequences. Millennials—the biggest generation in U.S.

Inventory 448

Inventory Construction Law Real Estate 448

Housing Wire

MAY 21, 2024

Lenders have rarely underwritten more than 100,000 federally insured ones in any fiscal year, and that hasn’t happened since 2009,” Lieber wrote. But most people “reject reverse mortgages,” according to the column. New federal protections helped clean things up.”

Mortgage 432

Mortgage Tools Clients Finance 432

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%.

Mortgage 370

Mortgage Buyers Government Lending 370

Housing Wire

APRIL 18, 2023

His past roles include chief product and operations officer at Collateral Analytics , a firm he founded in 2009 and was later acquired by Black Knight in 2020. He most recently served as Black Knight ‘s vice president of product development and innovation, a position he held for more than three years.

Inspection 370

Inspection Real Estate Real Estate Agent Renovations 370

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Appraisal Buzz

JULY 18, 2022

from the prior year and the fewest number of homes bought since 2009, when NAR began tracking this data. Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in foreign investment in U.S.

Investing 195

Investing Realtors Real Estate Buyers 195

Appraisal Buzz

JUNE 20, 2022

The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Home prices rose 1.5% month over month in May, their smallest increase of any May in Redfin’s records, which go back to 2012, according to a new report from Redfin.

Mortgage 195

Mortgage Housing Market Appraisal Marketing 195

Housing Wire

JUNE 10, 2024

In her suit, Mandel claims that she met Oren and Alon Alexander in 2009 at SL, a now-closed nightclub in the Meatpacking District in New York City , when she was 18 years old. Oren Alexander co-founded Official Partners and The Alexander Team with his older brother, Tal Alexander, who is not named in the lawsuits, at Douglas Elliman.

Real Estate 401

Real Estate Law Legal 401

Appraisal Buzz

NOVEMBER 30, 2021

trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9

Appraisal 195

Appraisal 195

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 417

Supply Chain Housing Market Marketing Inventory 417

Appraisal Buzz

NOVEMBER 30, 2021

trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9 Since it’s inception, … The post Is Selling your Home for Bitcoin a Wise Move?

Appraisal 195

Appraisal 195

Housing Wire

APRIL 16, 2024

The data spanning from 2009 to 2023 reveals a notable correlation between the total real estate transactions in the USA, termed national transactions , and the movement of agents between brokerages. Generally, as national transactions increase, there is a corresponding rise in the number of agents transitioning to different brokerages.

Real Estate Agent 450

Real Estate Agent Real Estate Agents Brokerage 450

Appraisal Buzz

JULY 18, 2022

While NAR found an uptick in homes purchased by international buyers over the past year, that total declined to 98,600, the fewest number of sales recorded by this segment since 2009. The post Foreign Buyers Rebound, Purchase Nearly $60B in U.S. Properties appeared first on DSNews. The post Foreign Buyers Rebound, Purchase Nearly $60B in U.S.

Buyers 150

Buyers Appraisal 150

Appraisal Buzz

SEPTEMBER 10, 2021

He has also held numerous positions on the executive committee of the New York State Land Title Association, including president in 2009-10, and is a proud member of the Charitable Works Committee for the past. During his career, Piccirillo has held executive roles with major underwriters helping them grow their agency footprint.

Real Estate 195

Real Estate Appraisal 195

Housing Wire

JANUARY 20, 2023

In 2009, Bilbrey received an Honorary Membership from ALTA. “We are very grateful for his long and distinguished service and wish him well on this next adventure with his family.” In addition to serving as Old Republic’s CEO, the industry veteran was ALTA’s president in 2005.

Insurance 383

Insurance Investors Marketing 383

Inman

JUNE 2, 2023

in the Boerum Hill neighborhood is in the building eulogized by the rapper as his former "stash spot" in his 2009 hit "Empire State of Mind." The two-bedroom apartment at 560 State St.

Real Estate 147

Real Estate 147

Housing Wire

FEBRUARY 6, 2023

She then moved on to PNC/National City Mortgage ( PNC acquired it in 2008) as a mortgage originator, and then was promoted to sales manager in Ohio and finally, to branch manager in 2009.

Legal 378

Legal Mortgage Lending Buyers 378

Housing Wire

MAY 10, 2023

Founded in 2009, ValueLink Software provides valuation management technology for lenders, appraisal management companies, and appraisers. The company’s goal is to provide customers with an understanding of every U.S. property through field valuation services and analytics tools while improving their workflows with platform technologies.

Valuation 384

Valuation Modernization Technology Appraisal 384

Housing Wire

JUNE 5, 2023

Prior to serving as HUD Secretary from 2009 to 2014, Donovan served as the New York City Department of Housing Preservation and Development commissioner under Mayor Michael Bloomberg. Coming to Enterprise is, in a way, coming home for me,” Donovan said in a statement.

Transportation 368

Transportation Development Training Investing 368

Housing Wire

FEBRUARY 9, 2023

Headquartered in Dallas and founded in 2009, Town Square reached $805 million in volume in the last 12 months, the Modex data shows. Founded in 1993, Chicago-based direct lender American Portfolio reached $685 million in volume over the last 12 months, according to the mortgage tech platform Modex.

Mortgage 370

Mortgage Retail Loan Officers Lending 370