Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

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Housing Wire

MAY 28, 2021

But in the hot housing market of 2021, even those homes are getting immediate, multiple offers when they hit the market. “We’re seeing eight to 10 offers on homes as soon as they go on the market,” Wellman said. “I honestly haven’t seen this kind of market for homes in San Jose since 2009.”

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Buyers Real Estate Agents Inventory 276

Housing Wire

MAY 15, 2024

According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022.

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Design Buyers Construction Marketing 342

Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

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Sellers Housing Market Inventory Buyers 380

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. It’s just a crazy competitive market.” Presented by: Citi.

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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. According to Sam Khater, Freddie Mac’s chief economist, while mortgage rates are rising, house price appreciation will decline later in the year. This week, mortgage application volume rose 2.5%

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Mortgage Buyers Government Lending 359

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. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. In fact, a veritable upheaval is headed for the housing market already. Yet staggeringly few are aware of its existence.

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Finance Real Estate Agent Real Estate Insurance 419

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The improving job market is all to the positive.

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Marketing Mortgage Supply Chain Inventory 447

Housing Wire

OCTOBER 5, 2020

economy into a recession and killed more than 208,000 Americans, the plan from the frontrunner in the presidential election is well-aimed to assist the only weak link in an otherwise booming the housing market: First-time buyers trying to scrape together a down payment. Now that the pandemic has plunged the U.S.

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Housing Market Contracts Buyers Marketing 413

Housing Wire

JANUARY 19, 2022

“Across the United States, homebuilders reliably broke ground on between 125,000 and 140,000 homes almost every month in 2021, and by one common measure, last year was the second-least volatile year for housing starts since 2005.”. Overall, an estimated 1,595,100 housing units were started in 2021, a 15.6% increase from 2020.

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Construction Housing Market Inventory Development 395

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

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Inventory Marketing Business Buyers 319

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

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Marketing Investors Government Investing 372

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. It’s only natural that market players might be skittish over what direction housing will trend.

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Housing Market Supply Chain Construction Clients 433

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

SEPTEMBER 11, 2023

The question many in capital markets have been asking since the GSEs were put into conservatorship is this: Without Fannie , Freddie , or the Fed , who will buy the agency MBS? Today we are seeing this play out with a shortage of MBS buyers to the tune of about $2 billion in demand per day. This is not a small market.

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Mortgage Supply Chain Buyers Finance 439

Housing Wire

MARCH 16, 2021

Under former President Barack Obama, the federal government offered first-time homebuyers a tax credit of $7,500 in 2008 and $8,000 in 2009 and 2010 via the Housing and Economic Recovery Act. The Census Bureau found that just 307,000 new homes were on the market in January, roughly four months worth of supply at the current sales rate.

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Housing Market Government Realtors Buyers 418

Housing Wire

APRIL 26, 2021

In order to be eligible for the full credit, potential buyers must not have owned or purchased a home within the past three years. The proposal differs from a different piece of legislation designed to give first-time, first-generation home buyers down payment assistance in the form of a grant at closing. Lawmakers, led by Rep.

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Buyers Legal Law Design 419

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. The number of buyers has been surprising. When you look at just the new sales each week, you can see how the pace of the market has recovered.

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Inventory Contracts Buyers Mortgage 343

Housing Wire

DECEMBER 20, 2021

has long been a major player in the private-label securitization market, and it sees a looming problem brewing in the housing industry. That issue is about boundaries — specifically, the line drawn between the roles of private industry and the government in the housing market. Redwood Trust Inc.

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Government Marketing Finance Mortgage 367

Lamacchia Realty

JANUARY 31, 2024

2023 SOUTHINGTON Real Estate Market Recap Southington home sales decreased by 15.5% Learn More About the Southington Community 2024 Outlook Overall, the Southington,CT housing market performed as expected given that the market is adjusting from a frenzied state – home sales were down, and average prices were up.

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Housing Wire

AUGUST 24, 2023

“​​With an ongoing tight supply of existing homes for sale and the recent rise in the 30-year fixed-rate mortgage rate to around 7%, we expect home sales in 2023 to remain near the lowest annual level since 2009,” the group said. Total existing home sales fell 2.2% in July from June to a seasonally adjusted annual rate of 4.07 down from 4.88

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Construction Retail Mortgage Contracts 263

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s Six of the nation’s top 25 most overvalued housing markets are in the Sunshine State, which can expect to see a “prolonged period of unaffordability” even as prices in other regions of the country cool.

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Marketing Landlords Real Estate Tenants 78

Housing Wire

FEBRUARY 22, 2022

single family homes on the market were new builds, according to a report by Redfin. But homebuilders big and small continue to run into the same problems – building permits are on file, contracts with buyers are inked, but subcontractors often don’t show, and access to materials have led to longer build times and cost overruns.

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Supply Chain Construction Inventory Housing Market 534

Will Springer Realtor

JUNE 9, 2021

Then the housing bubble burst. Fast forward to today and markets here and across our nation are going through serious inflationary pressures. Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers.

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Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. Home prices continued to confound buyers by climbing toward record highs as summer began. The number of Pending listings fell 3.9%

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Housing Wire

DECEMBER 20, 2021

According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. If the program does break right, the benefits for the housing market are clear. In 2010, the Treasury launched the Hardest Hit Fund (HHF) program.

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Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

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Appraisal Today

JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Excerpts: The housing market sizzle has faded and we’ve entered a different season. 10 Things on my mind about Today’s Market.

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Appraisal Contracts Real Estate Marketing 52

Appraisal Today

MAY 20, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Retirement, real estate market changes, ANSI, Appraising luxury homes, unusual homes, mortgage origination stats, etc. =. The luxury market is stable. I know appraisers who have specialized in this market for many years. The housing market has shifted.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. When will it affect your market?

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Realvals

JANUARY 4, 2017

For the most part, these charts represent the housing market in Orange County for 2016 quite well. Mystique Newport Coast $28,000,000 18650/AP 2009 0.848/36,933. Ocean WY Laguna Beach $16,000,000 5650/E 2009 0.23/10,019. Notice how some of the cities have wide ranges, while some have tight ranges.

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Real Estate Home Value Appraisal Housing Market 78

Appraisal Today

JUNE 24, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Changing real estate market, rate increases, desktop appraisals, USPAP and state boards, unusual homes, mortgage origination stats, etc. My articles discuss how they differ from lender work, the pluses and minuses, and how to market your services.

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Appraisal Contracts Mortgage Real Estate 52

Will Springer Realtor

MAY 9, 2023

The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. years, according to recent data, when it was only about five years just before the housing market crash of 2007. 2 in the U.S. Vallejo, Calif.,

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Real Estate Modernization Construction Supply Chain 36

Quicken Loans

APRIL 12, 2021

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Many banks won’t sell directly to home buyers.

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Inspection Property Taxes Mortgage Investors 54

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. In addition to reducing upfront costs, Rocket Mortgage says ONE+ completely eliminates the expensive monthly mortgage insurance fee for the client —which is traditionally required if the buyer places less than 20% down on their purchase.

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Easement Contracts Appraisal Inspection 52