Housing Wire
FEBRUARY 9, 2023
Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.
Housing Wire
NOVEMBER 29, 2021
From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” Total inventory levels have been falling since 2014, while sales have been rising.
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Housing Wire
OCTOBER 1, 2022
Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market. The last high among all-cash buyers was seen at 35% in 2014. All cash buyers now stand at 24%.
Housing Wire
APRIL 1, 2024
At the same time, seller volume dried up. But now sellers are coming back into the market. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. More sellers means more sales in 2024.
Birmingham Appraisal
JULY 27, 2022
If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Alabaster, AL 1st quarter home sales: 2014 vs. 2015. Courtesy Redfin.
Empire Appraisal Group
JANUARY 11, 2023
Existing-home sales are expected to end the year 16% down from the same time period in 2021, marking their lowest level since 2014, Yun said. NAHB: Sharp Contraction in Construction. There will be a lot of resetting expectations for both buyers and sellers.”. Sellers have to process all of this, and that is underway now.
Appraisal Today
MARCH 31, 2023
Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century. million mortgages were originated, the fewest since the first quarter of 2014. acre lot The sellers are said to have loved Italy so much they wanted to re-create a taste of the place in their own backyard.
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