Housing Wire

MAY 9, 2022

Budget-tightening constraints of inflation, higher mortgage rates, and housing price gains are constraining consumers from buying houses. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 4.7 points to 68.5

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Marketing Housing Market Real Estate Mortgage 384

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 370

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 370

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.

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Finance Design Modernization Real Estate 370

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. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

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. “It doesn’t just reappear,” Duncan said.

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Supply Chain Housing Market Marketing Inventory 420

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 384

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

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 522

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 403

Buyers Real Estate Agents Inventory 403

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.

Insurance 479

Insurance Home Value Mortgage Marketing 479

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. Scott Murphy, CEO of D.S.

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Appraisal Appraisal Process Valuation Renovations 370

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 397

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 410

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. However, a cool-down in prices is not the same thing as a housing crash.

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Housing Market Marketing Inventory Lending 397

Housing Wire

MAY 6, 2022

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. This is where the 5% plus mortgage rate world can facilitate this red flag going up. In time, older workers need to be replaced.

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Transportation Construction Retail Real Estate 384

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

Empire Appraisal Group

JULY 6, 2022

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. We are poised to have a very hot market through 2022 and a very robust spring homebuying season.”.

Marketing 78

Marketing Landlords Real Estate Tenants 78

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.

Mortgage 473

Mortgage Housing Market Lending Finance 473

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Georgian Country Mansion in Greenwich, CT Listed at $33.8M

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Appraisal Contracts Business Insurance 68

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. 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. ==. Conch Shell House in Mexico on the island of Isla Mujeres. Jun 7, 2022.

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Appraisal Contracts Business Mortgage 52

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. It looks like the change is starting because of increasing mortgage interest rates. Real estate market? ==.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JUNE 3, 2022

Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!! The appraisals include separate values for real estate, fixtures, and Going Concern (business income and expenses). Some of the topics: • USPAP issues. • He is very savvy.

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Appraisal Contracts Real Estate Marketing 52

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.

Investors 438

Investors Inventory Government Construction 438

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.

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Design Buyers Construction Marketing 440

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets.

Housing Market 441

Housing Market Supply Chain Construction Clients 441

Housing Wire

JULY 19, 2023

This ongoing lack of inventory, in part due to mortgage lock-in effects, has driven significantly stronger home price appreciation over the first half of 2023 than we had previously anticipated.” The supply of existing homes is near the 2009 crisis low, and it’s showing no signs of easing. Housing starts surged 18.5%

Construction 285

Construction Inventory Housing Market Marketing 285

Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Increased Mortgage Payments.

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Inspection Property Taxes Mortgage Investors 54

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. In terms of sales volume, Dietz expects that new home sales will comprise 15% of transactions on the market in 2023.

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Construction Supply Chain Inventory Housing Market 450

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%

Inventory 370

Inventory Contracts Buyers Mortgage 370

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.

Construction 441

Construction Housing Market Inventory Development 441

Housing Wire

JULY 19, 2023

It’s just much cheaper to live here,” said Jon Overfelt, co-owner of American Security Mortgage Corp. But people won’t put up with deteriorating public services and extreme housing unaffordability. Between 2009 and 2019, New York City grew by 907,600 jobs, or 24.3%, attracting 629,057 new residents.

Property Taxes 370

Property Taxes Construction Housing Market Marketing 370

Housing Wire

APRIL 14, 2022

The housing plan lacks any participation from the Federal Housing Finance Agency , which is not a cabinet level agency, but oversees the federal entities that back most of the mortgage market. On Tuesday, HUD announced the sale of its vacant reverse mortgage properties to mission driven nonprofits.

Finance 410

Finance Technology Law Mortgage 410

Housing Wire

SEPTEMBER 11, 2023

She gives a very thorough explanation as to why the 30/10 spread is so high, stating, “Before and during the Great Financial Crisis, the Fannie Mae and Freddie Mac portfolios essentially served as shock absorbers, buying mortgage-backed securities, or MBS, when spreads were wide, selling when they narrowed. This is not a small market.

Mortgage 473

Mortgage Supply Chain Buyers Finance 473

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

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Easement Contracts Appraisal Inspection 52

Housing Wire

MARCH 16, 2021

down payment on a 30-year mortgage with a 3% interest rate. could afford a median mortgage), Cincinnati (39.7%), Cleveland (39.0%), and St. 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.

Housing Market 418

Housing Market Government Realtors Buyers 418

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. When mortgage rates last soared this much. Two Trends Slowing Housing Market Normalization.

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Appraisal Contracts Mortgage Real Estate 52