Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. From 2013 to 2022 I forecasted price growth every year.

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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.

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Mortgage Inventory Housing Market Construction 476

Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. Builders are continuing to offer a variety of incentives.

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

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Construction Housing Market Inventory Marketing 501

Housing Wire

JANUARY 19, 2023

We had some good news this week for the housing market : purchase application data is up , the builder’s confidence index rose to beat estimates, and the 10-year yield and mortgage rates have fallen. million until 2020-2024, when demand would finally warrant that type of construction. When supply is 4.3 When supply is 4.4

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Mortgage Construction Marketing Housing Market 480

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, the builders are ok with construction as long as new home sales grow. New Home Supply.

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Inventory Construction Government Housing Market 545

Appraisal Today

JULY 21, 2023

NOTE: Does your market look similar? NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. Listed for $42.5

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Appraisal Real Estate Contracts Business 91

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 69

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. This happened in 2013-2014, and in 2018 when mortgage rates moved toward 5%.

Mortgage 467

Mortgage Construction Contracts Housing Market 467

Appraisal Buzz

JUNE 14, 2024

As homeowners and renters nationwide continue to struggle with high housing costs, on the for-sale side, millions of potential homebuyers have been priced out of the market by high home prices and interest rates, while the number of renters with cost burdens has hit an all-time high.

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Housing Wire

MAY 26, 2022

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. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. housing market. I don’t believe housing inventory below 1.52

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Inventory Housing Market Construction Marketing 516

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

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Construction Buyers Development Contracts 529

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. Over the years, I have tried to emphasize that the housing market in the U.S. We had missed sales estimates in 2013, 2014 and 2015.

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Construction Housing Market Sellers Marketing 370

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. I used Hypothetical Assumptions for new construction, of course. =. Off and on the market since 2013.

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Appraisal Inspection Easement Contracts 52

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.

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Housing Market Supply Chain Construction Clients 437

Housing Wire

FEBRUARY 23, 2021

Then, mortgage rates plummeted to historic-lows , opening the homebuying floodgates and propelling prices skyward. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. December 2020’s 10.4%

Inventory 437

Inventory Finance Contracts Construction 437

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. We had a few years where sales missed expectations in 2013, 2014, and 2015. months versus 6.3

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Inventory Housing Market Marketing Modernization 501

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

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Investing Loan Officers Retail Mortgage 407

Clear Capital

AUGUST 30, 2021

The August 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 6.4 In that case, we encourage the consideration of the additional year-over-year comparison based upon price-per-square-foot, which may be more in line with market dynamics in this situation.

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Marketing Real Estate Inventory Construction 69

Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. We had a few years where sales missed expectations in 2013, 2014, and 2015. months versus 6.3

Inventory 407

Inventory Housing Market Marketing Modernization 407

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA.

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Appraisal Modernization Training Business 72

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

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Appraisal Contracts Business Mortgage 80

Appraisal Today

DECEMBER 23, 2022

The market conditions are atypical. In this case, unique market conditions increase the complexity of the appraisal. There is no market for the house; no sales are occurring for some reason (e.g., NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc.

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Appraisal Contracts Mortgage Modernization 52

Will Springer Realtor

MARCH 14, 2022

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S.,

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Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

MARCH 8, 2021

While others might think of restarting outdoor activities or working in the garden, our industry is gearing up for a strong spring housing market – and the first step in what MBA is forecasting will be a record-breaking year of purchase origination volume. Another positive sign impacting MBA’s forecast: more than 15% of the U.S.

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Supply Chain Inventory Construction Marketing 532

Housing Wire

AUGUST 2, 2022

“Despite the year-over-year increase in both listing and closed listings, rising interest rates, combined with a continued pandemic-related material shortages and construction delays, suggest that the shortfall of affordable rentals is unlikely to reverse before the end of 2022,” the HouseCanary report states.

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Marketing Real Estate Landlords Investors 383

Will Springer Realtor

AUGUST 11, 2023

“The share of first-time buyers has dropped to a 41-year low [26%], the racial divide in homeownership has grown to the widest point in a decade and the share of single women entering [the market] has declined.” NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home.

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Buyers Development Construction New Listings 36

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. The spring housing market will include a trio of indicators – all rising. Mortgage rates have risen by about 1.6 THE IMPACT OF SURGING RATES.

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Construction Development Inventory Buyers 36

Housing Wire

OCTOBER 20, 2020

In contrast, multifamily starts fell 16.4%, to one of the slowest monthly paces since 2013, not including this past April.” ” Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni noted that single-family permits jumped 24.3% . “The former rose 8.5% over the month to 1.1

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Construction New Listings Housing Market Inventory 486

Houston Properties

OCTOBER 1, 2021

See why the 2020-2021 housing market saw a boom during a year of human misery. Contact me for a list of recommended mortgage providers and what (who) to avoid. Contact Paige Martin at Paige@HoustonProperties.com for great mortgage banking recommendations. . See more details on the COVID impact on Houston. We have great lenders.

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Real Estate Agent Realtors Real Estate Agents 41

Housing Wire

FEBRUARY 5, 2021

With the housing sector battling ongoing supply constraints , a loss of 3,000 jobs in construction employment may be a slight hiccup after 8 solid months of growth. But Mike Fratantoni, chief economist at the Mortgage Bankers Association , said he expects construction to grow later in the year.

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Construction Lending Retail Inventory 358

Housing Wire

JANUARY 20, 2023

Last year was challenging for housing and mortgage markets. For the first time in many years, we experienced falling home prices, in part due to skyrocketing mortgage rates which almost doubled from around 3.5% One of the prime areas of opportunity is affordable manufactured housing homeownership. a year ago to nearly 7% today.

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Renovations Land Lease Investing Development 381