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. This week’s average purchase mortgage rate rose 17 basis points from the prior week’s 5.10%. This week, mortgage application volume rose 2.5% from the previous week. Presented by: Polly.

Mortgage 369

Mortgage Buyers Government Lending 369

DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? The rocket soon turned and begin its descent in May as mortgage rates began to rise in March. Mortgage rates impact housing as they affect buying power. Mortgage interest rates peaked in November and have been hovering around 6 % for the 30-year fixed rate.

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Housing Market Marketing Real Estate Appraisal 122

Appraisal Buzz

JUNE 20, 2022

The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Seasonally adjusted home sales fell 3% month over month, their only May decline on record outside of 2020, when the start of the pandemic sent shockwaves through the housing. Home prices rose 1.5%

Mortgage 195

Mortgage Housing Market Appraisal Marketing 195

Housing Wire

AUGUST 8, 2023

The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.8 Unsurprisingly, consumers continue to attribute the challenging conditions to high home prices and unfavorable mortgage rates. points to 66.8 The full index is up 4 points year over year. in June, up from just 0.2%

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Housing Market Marketing Mortgage Finance 368

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

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Development Appraisal Property Appraisal Insurance 358

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 Housing inventory and prices.

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Mortgage Inventory Housing Market Construction 405

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

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Mortgage Loan Officers Insurance Business 360

Housing Wire

OCTOBER 14, 2021

Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. 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%.

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Buyers Housing Market Real Estate Agent Real Estate 539

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 Market Finance Marketing Mortgage 372

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market.

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Mortgage Investors Technology Housing Market 450

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. Here’s what to expect in the mortgage application process. Presented by: Citi.

Real Estate 437

Real Estate Marketing Real Estate Agent Agents 437

Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. It’s going to take all of them. HousingWire Magazine delivered to your home or office.

Supply Chain 374

Supply Chain Housing Market Marketing Inventory 374

Housing Wire

JUNE 4, 2021

Bill Dallas , president of Finance of America Mortgage , will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions , starting in 1981.

Finance 368

Finance Design Modernization Real Estate 368

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 Federal Reserve in Washington, D.C.

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Marketing Investors Government Investing 402

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. They own the home with their name on the title, as with any mortgage, traditional or reverse. Yet staggeringly few are aware of its existence.

Finance 449

Finance Real Estate Agent Real Estate Insurance 449

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. 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.

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Inventory Marketing Business Buyers 366

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 383

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.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Rick Sharga, executive vp of marketing at realtytrac.

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Insurance Home Value Mortgage Marketing 475

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. Today, however, the purchase application data is actually down to levels we saw in 2009 ! housing market.

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Inventory Housing Market Construction Marketing 518

Housing Wire

DECEMBER 17, 2020

The Federal Housing Finance Agency is looking to finalize a rule that would require Fannie Mae and Freddie Mac to hold higher levels of liquidity to protect against any sudden shortfalls, creating a further $10 billion cushion for the publicly-held mortgage companies.

Finance 394

Finance Housing Market Government Mortgage 394

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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Housing Market Marketing Inventory Lending 395

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.”

Buyers 310

Buyers Real Estate Agents Inventory 310

Housing Wire

JANUARY 8, 2021

In the new year, Mortgage Bankers Association chief economist Mike Fratantoni said the lack of inventory is the biggest constraint to further growth in home sales for 2021. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

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Construction Retail Law Inventory 437

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. 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. Housing crash unlikely. WEST PALM BEACH, Fla. –

Marketing 78

Marketing Landlords Real Estate Tenants 78

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Appraisal Process Valuation Renovations 370

Housing Wire

FEBRUARY 1, 2024

Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.

Mortgage 378

Mortgage Business Development Design 378

Housing Wire

MAY 6, 2022

The internals of the labor market are very healthy; job openings are over 11.5 Remember, the trend has been your friend since 2009: the Baby Boomers can’t work forever, and no country has a Dorian Gray labor market. As we can see, the labor market is solid and has some legs. In time, older workers need to be replaced.

Transportation 364

Transportation Construction Retail Real Estate 364

Housing Wire

NOVEMBER 10, 2022

From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. Therefore, there were more housing sales in 1996 than there will be this year. Mortgage rates today are not much higher than they were then. This is something that housing industry leaders should be thinking about — carefully.

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Mortgage Housing Market Lending Finance 463

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. “They’ve had a manageable budget due to mortgage forbearance. .

Mortgage 366

Mortgage Government Contracts Insurance 366

Empire Appraisal Group

DECEMBER 28, 2023

It’s the first time that Home Depot has projected a decline in annual sales since 2009, when the U.S. economy was decimated by a massive housing bubble. Few people are moving from their homes after locking in ultralow mortgages at or below 3%. Inflation is hitting Home Depot on a number of fronts. billion, Home Depot Inc.

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

Housing Wire

JANUARY 7, 2022

I have always believed that no country has a Dorian Gray labor market. The lack of construction productivity over the decades has been one reason why I have never believed in a housing construction boom in America. The other reason is that the builders don’t ever oversupply a housing market, so when demand fades, so will construction.

Mortgage 523

Mortgage Construction Retail Marketing 523

Appraisal Today

MARCH 22, 2024

Prioritize features that are highly sought-after in the property type and market. For instance, in the subject’s market, a mountain view could significantly impact the demand and marketability of a vacation condominium home. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes.

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Appraisal Contracts Business Insurance 68

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. Mortgage demand needs to slow down. However, the rate of price growth cooled down and days on market grew.

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Inventory Mortgage Housing Market Marketing 537

Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). The Inevitable Cyclicality of Mortgage Lending. Conch Shell House in Mexico on the island of Isla Mujeres. Excerpts: The owner of the house is Octavio Ocampo, a famous artist. Jun 7, 2022.

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Appraisal Contracts Business Mortgage 52

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. New construction in age-restricted communities is becoming a rising trend.

Design 392

Design Buyers Construction Marketing 392

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

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Investors Inventory Government Construction 373