Housing Wire

JULY 7, 2023

In general, after what we went through and what’s going on with home prices, construction costs and interest rates, there is less liquidity for bridge and fix-and-flip versus non-QM.” Acra has funded $10 billion-plus of loans since it was founded in 2014. We have a very clean balance sheet, and our pricing is competitive.”

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Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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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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Housing Wire

JUNE 2, 2022

Since 2014 inventory has been falling slowly for years, then here come years 2020-2024, our most prominent housing demographic patch ever in history with low mortgage rates. Months are homes under construction 0.8 So any uptick in demand can break us under 1.52 Once we get below this level, it creates forced bidding action.

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Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Next year, mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, according to NAR’s forecast. compared to 2022.

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Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow.

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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. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.

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Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. He currently serves on the Board of Directors of Freddie Mac. Jayachandran served in the Obama Administration at the U.S.

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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. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

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Housing Wire

MARCH 14, 2023

Since 2014, when homeownership rates among Latinos began increasing following the Great Recession, 2.3 Latinos who purchased a home with a mortgage in 2021 were under the age of 45, compared to 63.9% of non-Hispanic White buyers, according to data from the Home Mortgage Disclosure Act (HMDA). of overall homeownership growth.

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Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

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Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. We have more housing starts under construction now than in recent history!

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Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. This puts the onus on homebuilders and can be seen in the construction data,” Duncan added. While the U.S.

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Housing Wire

DECEMBER 16, 2020

How the mortgage industry is working together to make housing more affordable. Robert Dietz, chief economist for NAHB, said the issues that have limited housing supply in recent years, including land and material availability and a persistent skilled labor shortage, will continue to place upward pressure on construction costs.

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Housing Wire

SEPTEMBER 19, 2022

Homebuilder confidence slid again in September, hitting its lowest level since May 2014 with the exception of the spring of 2020 at the onset of the pandemic, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday.

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Housing Wire

JULY 13, 2022

Mortgage rates of 4%-5% weren’t doing the amount of demand destruction I thought they would. Mortgage rates closer to 6% for sure are driving bigger year-over-year decline data. However, mortgage rates getting to 6.25% indeed have picked up the pace on the year-over-year declines percentage wise in the purchase application data.

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Raleigh Realty

AUGUST 19, 2022

The minute mortgage. This ease-of-access mindset comes into play with the mortgage process as well. Companies such as Quicken Loans’ Rocket Mortgage mobile service are revolutionizing the loan process and enabling borrowers to apply for a mortgage in minutes.

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Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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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. We had missed sales estimates in 2013, 2014 and 2015. This time, we have less production of homes and more multifamily construction.

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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. ==. The hangar was built in 2009, and the home was completed in 2014. Purchase vs. refi appraisals.

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AmeriMac

JULY 15, 2021

The appraiser will look at the house’s features, such as number of bedrooms and bathrooms; its construction, such as whether it’s brick or frame; its age and its square footage. We also offer specialized appraisals for things like refinancing, reverse mortgages, litigation support and gifts of real estate.

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Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

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Appraisal Today

OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Stewart Burns acquired the property in 2014 for $2,300,000. faces high mortgage rates and an uncertain economy. Mortgage applications decreased 14.2

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Housing Wire

APRIL 27, 2022

That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The housing world is much different at 5% plus mortgage rates versus the 3% mortgage world we had last year. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates.

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Built in 2014, the six-bedroom estate was designed to resemble an English manor. I understand completely.

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Housing Wire

DECEMBER 29, 2020

growth rate was more than six and a half years ago, in March 2014.”. How the mortgage industry is working together to make housing more affordable. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction. million, according to the National Association of Realtors.

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Buyers Construction Realtors Inventory 542

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

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Housing Wire

DECEMBER 31, 2021

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

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Housing Wire

SEPTEMBER 20, 2022

Even as homebuilder sentiment continued to slide in September, reaching its lowest level since May 2014, housing starts were on the rise in August, increasing 12.2% The near-term single-family outlook is complicated due to high mortgage rates.”. from July , according to a report released Tuesday by U.S. Census Bureau and the U.S.

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Construction Housing Market Buyers Marketing 365

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. The regal real estate was first listed in 2014 for $45 million. Topics include: The Fed, Home Sales, Employment, Mortgage Rates and Commercial Real Estate.In

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Housing Wire

APRIL 11, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

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Housing Wire

MARCH 29, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

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Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. How Is My Neighborhood Doing?

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Assurance Financial

MAY 4, 2022

In today’s economic climate, many homeowners may find it challenging to make their large monthly mortgage payments. Especially for first-time homeowners, an unwieldy mortgage payment may feel stressful and overwhelming. What Are Mortgage Refinancing Closing Costs? Downloadable Guides. We hope you find this information helpful.

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Will Springer Realtor

APRIL 14, 2023

Easing rules that limit the construction of accessory dwelling units as well as incentivize the rental of ADUs to low-income households. bipartisan House Capital Budget proposal would set a state record for construction funding. Jay Inslee’s proposal to borrow billions to fund housing construction. Some of the highlights: $4.6B

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Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. By Mark Buhler.

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Clear Capital

AUGUST 30, 2021

While the Federal Reserve is probably still at least a year away from raising the federal funds rate, the central bank is beginning to focus on when to reduce its purchases of treasuries and mortgage-backed securities (MBS). Treasury yields rose, and MBS spreads widened, which pushed the 30-year mortgage rate from 3.4%

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