Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Mortgage Inventory New Listings Sellers 516

Eyes on Housing

JANUARY 20, 2023

As elevated mortgage rates and tight inventory continue to weaken housing demand, the volume of existing home sales declined for an eleventh consecutive month as of December, according to the National Association of Realtors (NAR). While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to.

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Inventory Realtors Mortgage 178

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019.

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New Listings Inventory Housing Market Sellers 482

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. But then a rebound in 2024 — up 19%,” Fratantoni said. “It’s

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Mortgage Marketing Inventory Technology 481

Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. What levels should we be hoping for? Then this happened. Ghost Supply 2.2

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Training Inventory Housing Market Real Estate Agent 410

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

NOVEMBER 25, 2020

mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history. The average fixed rate for a 15-year mortgage also remained unchanged from last week at 2.28%.

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Mortgage Inventory Marketing Housing Market 545

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019.

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Mortgage Inventory Sellers Housing Market 498

Housing Wire

MARCH 15, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the Mortgage Bankers Association (MBA). The trade group also projected the 30-year fixed mortgage rate to average around 6.9%

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Valuation Mortgage Inventory Marketing 417

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 506

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. However, post-2010, we have had times when housing demand has gotten softer with higher mortgage rates. 2014 was the last year total inventory grew.

Housing Market 482

Housing Market Marketing Inventory Mortgage 482

Housing Wire

JUNE 9, 2023

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. We have had plenty of times in the previous decade when mortgage rates fell and demand improved, but that was with a lot lower mortgage rates.

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Inventory Housing Market New Listings Mortgage 545

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

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Mortgage Lending Government Contracts 541

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. The roots of racial disparities in housing and mortgage markets run deep. As with many industries, the mortgage-lending market has increasingly moved online. The housing market is red hot.

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Mortgage Lending Real Estate Agent Government 498

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. In 2013-2014, when rates jumped very fast, this index trended down by negative 20% year over year to hit an adjusted population all-time low in 2014. How will the announcement impact mortgage rates? What’s priced in?

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Inventory Investors Retail Housing Market 356

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. These all-cash homebuyers are happily avoiding the higher mortgage interest rates, which touched 7% in the fall of 2022 before trending down to the current rate of 6.28%. Today, the average is 2.7

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Realtors Buyers Inventory Sellers 419

Housing Wire

MAY 6, 2022

So far this year, with the rise in mortgage rates, it is still trending better than I thought it would have with rates over 5%. 2022 will be the first actual negative purchase application data year since 2014. HousingWire: Will inventory finally break the streak and be positive year over year? After May, total volumes fall.

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Inventory Housing Market Marketing Construction 349

Housing Wire

MAY 3, 2022

Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates. After making some Covid-19 adjustments to the data line, we will have our first negative year over year since 2014, unless something changes on the mortgage rate side.

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Housing Market Marketing Inventory Mortgage 389

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. Presented by: Fannie Mae.

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Realtors Inventory Contracts Development 532

Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. Inventory is always seasonal. million and 1.93

Housing Market 520

Housing Market Marketing Inventory Realtors 520

Housing Wire

FEBRUARY 9, 2022

That same group of individuals was also shocked to see that mortgage demand picked up very noticeably toward the end of the year in 2021; even I labeled the existing home sales market as outperforming due to mortgage demand, which makes the survey look incorrect. I knew the fall and winter fade of inventory was coming.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

That same group of individuals was also shocked to see that mortgage demand picked up very noticeably toward the end of the year in 2021; even I labeled the existing home sales market as outperforming due to mortgage demand, which makes the survey look incorrect. I knew the fall and winter fade of inventory was coming.

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Inventory Buyers Sellers Investors 370

Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. It was the highest share of all-cash transactions recorded since 2014. While the housing market had limited inventory and home prices were in flux, buyers and sellers both increased their use of real estate agents,” Lautz said.

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Real Estate Agent Real Estate Agents Sellers 375

Housing Wire

SEPTEMBER 10, 2020

Mortgage lenders continued to be optimistic in the third quarter, with 48% of lenders saying they think profit margins will increase compared to the prior quarter, according to Fannie Mae ‘s Mortgage Lender Sentiment Survey.

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Housing Market Government Mortgage Inventory 440

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% Over the past few decades, the inventory of affordable homes has been in sharp decline while home prices have risen dramatically.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? Mother Demographics and low mortgage rates are two very hard competitors to go against when advocating an epic housing crash.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

NOVEMBER 8, 2023

Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. While home sales are down nationwide in 2023’s high-mortgage-rate environment , sales data suggests the aspiring disruptors are losing ground to industry stalwarts. For the same period this year, the company has 4,007.

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Marketing Inventory Renovations Investors 408

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Total inventory in America grew from 2000 to 2005 while demand grew. In 2000, we saw a lot of credit stress in the system.

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Law Inventory Lending Mortgage 513

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 382

Housing Wire

NOVEMBER 2, 2020

The last time we had a consistent downtrend in existing home sales was back in 2013-2014. Mortgage rates followed, which dampened demand. During that same period, the MBA purchase application data were down 20% year over year on-trend in 2014. Plus, we have solid demographics and low mortgage rates.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

DECEMBER 16, 2021

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan. Knock does not do refinancings.).

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Loan Officers Real Estate Agent Real Estate Agents 371

Housing Wire

JANUARY 7, 2021

If so, this could have the effect of perpetuating already tight inventory levels and supporting additional (albeit lesser) home price growth, which could contribute to a further moderating of home sales.” in November, compared to the year prior, marking the largest annual appreciation since March 2014. Presented by: Homepoint.

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Housing Market Design Inventory Sellers 449

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

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Inventory Mortgage Housing Market Marketing 536

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. It is difficult to obtain a mortgage today.

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Realtors Housing Market Marketing Buyers 388

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. When mortgage rates rise, two things always happen here in America. We saw this in 2013-2014 and 2018-2019. While the U.S. In addition, the U.S.

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Buyers Housing Market Mortgage Marketing 527