Housing Wire

MARCH 14, 2022

One of the biggest questions in real estate right now is how rising interest rates will impact the housing market. The market has been so hot, many worry that rising rates will finally be the catalyst to pop the bubble. Fortunately we have 2018 as a guide to understand the impact of rising interest rates on the housing market in 2022.

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. economy has remained resilient, backed by a very strong labor market, sky-high job openings and low unemployment. in September 2022. The overall U.S.

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Housing Wire

MAY 24, 2024

The Tax Cuts and Jobs Act of 2017 defines opportunity zones as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. On a year-over-year basis, however, prices increased in nearly two-thirds of these zones. territories. average of 3.1%

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Inman

APRIL 5, 2024

That's the highest share the city has seen since at least 2017. First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow.

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Housing Wire

FEBRUARY 29, 2024

Eventually, in 2017, he heard back from the husband. I mean, you have to fake it until you make it,” Goldentayer said about agents looking to break into the ultra-luxury market. They need to know how many deals and how many buyers they need to work with to meet those targets. But Serhant continued to follow up — for five years.

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Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. didn’t go into recession until 2008.

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Housing Wire

FEBRUARY 21, 2024

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal. markets, according to the page.

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Housing Wire

MAY 23, 2024

In Economics 101, the increase in interest rates should have been coexisting with a decrease in demand,“ Todman said in an interview with HousingWire this week during the Mortgage Bankers Association ’s (MBA) Secondary and Capital Markets Conference. But they face competition from large institutional investors in the housing market.

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Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The one benefit of the housing market now is that days on the market are no longer teenagers, which means we are getting closer to a more balanced marketplace.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. On these crazy days in the financial markets, I stress to people, it’s not how the trading day goes that matters; it’s the final closing number.

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Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022.

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Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% compared to the December 2017-2019 average. compared to the December 2017-2019 average. “In compared to December 2019 and 38.2%

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Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

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Housing Wire

JANUARY 13, 2023

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . by the end of 2023,” the MBA’s December market-forecast report states.

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Housing Wire

MARCH 8, 2024

million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones. Since September 2017, NFIP has been reauthorized without dedicated legislation 28 times. According to the Insurance Bureau of Canada , roughly 1.5 In the U.S.,

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Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. million at the end of 2017 to 4.98 Have higher rates worked?

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Housing Wire

MAY 22, 2024

Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever.

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Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California. I sold a home to a hedge fund guy in New York.

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. This assumes the spreads are wide as the mortgage-back securities market is still very stressed. This bond market is screaming at the Fed to cut rates. So, the market is wild and the Fed might not care what short-term rates are doing now. The economic data was OK last week.

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Housing Wire

FEBRUARY 8, 2021

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot. Here’s how to find property owners ready to sell.

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Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced.

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Housing Wire

AUGUST 21, 2023

126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose.

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Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

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Housing Wire

DECEMBER 29, 2023

It was the first annual decline ever recorded since 2017. Some Americans are still chasing affordability In November, all of the 10 most popular migration destinations posted lower prices than the most common origin of buyers moving in. The share dropped to 23.9%, the lowest level seen in a year-and-a-half, according to Redfi n.

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Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The annual investment volume in the U.S.

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Housing Wire

DECEMBER 11, 2023

Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and the Narraganset area of Rhode Island. Co-owners Robert Bentley and Alissa Christie, as well as over 60 of their agents are making the move.

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Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. JVM, which has also had a market presence in Texas since 2017, saw opportunity for investment properties and plans to capitalize on the growing market.

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Housing Wire

MARCH 14, 2024

We have a sale in Broward County, the highest residential resale in that county, and that buyer came from a transaction in Hawaii years before. We had data in our platform that served up this person as a potential buyer, even though on the surface they wouldn’t look like a candidate for this house. 2 is a bigger-picture approach.

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Housing Wire

MAY 2, 2022

Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market. in December to about 8% in March – the highest share since 2017. Markets in a third of the country are now the least affordable they’ve ever been.

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Housing Wire

FEBRUARY 11, 2022

And since 2017, VA purchase loans helped roughly 200,000-230,000 VA-eligible first-time home buyers per year become homeowners. . What is the Size of the VA Borrower Addressable Market? What was the credit profile of VA First-Time Home Buyers? Figure 5: 2021 First-Time Home Buyer Purchase Originations. In 2020, 3.82

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Housing Wire

FEBRUARY 2, 2021

And if WFH does stick, what will the consequences be for the housing market? Note that the last time rates moved lower, total inventory also went lower – because more folks wanted to get into the market. This demographic motherlode means we will have a healthy number of replacement buyers for 2020-2024.

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Housing Wire

MAY 14, 2024

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely.

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Housing Wire

SEPTEMBER 12, 2023

Affected positions included senior software engineers, senior managers and vice presidents of capital markets, sales and compliance in 20 states – such as Arizona, California, Colorado, Delaware and Florida, according to the letter sent to Oregon’s Office of Workforce Investments.

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Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. ADUs are one of the most effective ways to add density and rental properties in a higher cost market.

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Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

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Housing Wire

DECEMBER 9, 2022

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. The executive sees potential for the boutique lender to expand — especially as Revolution focuses on targeting the local and purchase markets.

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Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. Rather, large companies own less than 1.5% of the nation’s total housing inventory.

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