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Reverse mortgage volume, securities issuance fall in February

Housing Wire

I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said. The reverse mortgage industry (in 2014) was in transition,” Kelly explained.

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Why purchase application data is below 2008 levels

Housing Wire

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. With the massive housing inflation since 2020 and higher mortgage rates, we are back to familiar territory with existing home sales and purchase application data: we are back to 2014 levels.

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Washington-based indy firm joins RE/MAX

Housing Wire

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

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Is housing inventory growth really slowing down?

Housing Wire

Inventory growth is happening much like we saw in 2014 — the last time total inventory grew — which was also the last time mortgage purchase application data went negative year over year. If you really want to see inventory grow to 2019, 2016, 2014 or even 2012 levels, you need a healthy amount of new listing growth each year.

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Are we seeing a mortgage rate lockdown?

Housing Wire

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Traditionally speaking, post-2012, inventory growth came in years where demand was weaker from mortgage buyers: 2014 and 2022. Can you blame home sellers? in 2021 and as high as 6.25% in 2022.

Mortgage 513
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All-cash transactions gain traction amid high mortgage rates: Redfin

Housing Wire

It’s the highest share of all-cash transactions recorded since 2014. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% of all transactions.

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