Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 509

Mortgage Contracts Construction Inventory 509

Appraisal Buzz

JUNE 5, 2024

Yet, ineffective zoning plans seen nationwide make it harder and more expensive for builders to construct smaller homes on smaller plots of land. For families that owned a home, the median net housing value increased from $139,000 in 2019 to $201,000 in 2022, as home prices rose, and home mortgage debt was approximately flat.

Government 221

Government Buyers Investing Construction 221

Housing Wire

MAY 10, 2024

billion since it launched its securitization program in 2019. billion in fix-and-flip and bridge loans in the first four months of 2024, a 40% increase over the same period in 2023, and it recently expanded into construction financing. The deal drew significant interest from institutional investors.

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Investing Investors Real Estate Construction 323

Housing Wire

APRIL 15, 2024

There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros. In costly areas, homeowners hold extensive mortgage debt at previously low rates, and the pressure is dialed up even further.”

Housing Market 413

Housing Market Inventory Buyers New Listings 413

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

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Mortgage Loan Officers Inventory Retail 382

Housing Wire

AUGUST 5, 2022

“Despite the negative reading on second quarter GDP, this is not a picture of an economy in recession,” Mike Fratantoni, the chief economist at the Mortgage Bankers Association, said in a statement. Employment in the construction sector is now 82,000 jobs higher than in February 2020. rates in the months before the pandemic.

Real Estate 412

Real Estate Construction Brokerage Insurance 412

Housing Wire

JULY 13, 2022

Keeping the figures simple, here is some math tied to the NAHB blog: If lumber in 2019 was $400/mbf, lumber cost was $11,200 per home If lumber in 2020 was $1070/mbf, lumber cost was $29,800 per home If lumber in 2022 is $400/mbf, lumber cost is back to $11,200 per home. From 2019 to 2022, interest rates added $474.

Supply Chain 394

Supply Chain Buyers Construction Mortgage 394

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt. Here is why.

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Housing Market Marketing Inventory Construction 545

Housing Wire

MARCH 4, 2022

Take a look at the jobs data and which sector added jobs in February: Construction jobs came in big again, and we didn’t have any negative sectors the last month. Job openings for construction workers are still historically high today as the need for labor in America is very high. The 10-year yield and mortgage rates.

Mortgage 383

Mortgage Retail Construction Marketing 383

Housing Wire

APRIL 19, 2021

When we launched Knox in March 2019, we set out to give everyone, from middle-class homeowners to seasoned landlords, a hands-off, predictable, and lucrative way to build wealth through investment property,” said David Friedman, Knox CEO. The company has brought on more than $80 million in investment properties since its launch in 2019.

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Landlords Investing Tenants Construction 382

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 454

Housing Wire

APRIL 27, 2023

In addition, NAR forecasts that mortgage rates will drop to 6.0% Sales in the second half of the year should be notably better than the first half as job gains continue and more favorable mortgage rates are expected,” Yun said. In the new construction sector , NAR predicts sales to increase 4.5% in 2023 and 5.6%

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Inventory Realtors Contracts Construction 416

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

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Business Finance Buyers Lending 429

McKissock

JULY 17, 2022

LendingTree analyzed the changes of homebuilding-related variables from 2019 to 2021 by region and discovered an increase of 47% in stalled construction projects, despite the growing demands for new homes. . Also, with unemployment under 4%, construction companies are having a hard time finding enough employees to meet their demand.

Construction 68

Construction Real Estate Agent Supply Chain Real Estate 68

Housing Wire

MAY 31, 2023

With mortgage rates currently at 7.04%, many first-time homebuyers – typically millennials – will be forced to continue to rent. In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. But the U.S. Here’s what she found: There are only four markets in the U.S.

Insurance 351

Insurance Clients Marketing Housing Market 351

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%. .”

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Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. This is not due to a lack of demand; quite the opposite, Speakman noted. ” Technology for navigating secondary market challenges. .

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Construction Technology Development Marketing 417

Housing Wire

NOVEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The HMDA data is a crucial tool for the CFPB in constructing redlining cases.

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Lending Modernization Tools Mortgage 335

Housing Wire

APRIL 1, 2024

“And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.” The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market.

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Finance Investing Real Estate Agent Real Estate 408

Housing Wire

APRIL 26, 2021

At the highest points in 2019 and 2020, average home sale prices never went above $300,000 and $325,000, respectively. And on top of that, builders are struggling to construct new homes given an ongoing lumber shortage. Average listing prices never approached $325,000 in 2019.

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Sellers Housing Market Marketing Buyers 454

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. Beyond just a record number of purchases by the iBuying companies, the number of completed home sales (44,933) also exceed the previous high from 2019 (28,265).

Housing Market 369

Housing Market Inventory Construction Marketing 369

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. UniversalCIS also moved into the appraisal space in January after it acquired mortgage tech provider Sharper Lending.

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Technology Lending Investing Insurance 383

Housing Wire

MAY 25, 2021

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. “With so few existing homes available for-sale, would-be buyers continue to eagerly seek out newly constructed homes, even as prices rise.”

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Supply Chain Inventory Buyers Construction 407

Housing Wire

DECEMBER 29, 2021

The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. After failing from 2012-2019, they went all in during 2020 due to COVID-19, only to move the goalpost to 2021 due to forbearance. mortgage rates, so on the mortgage rate side of the equation, it’s never been better.

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Housing Market Marketing Construction Mortgage 531

Housing Wire

JANUARY 24, 2022

Since then, another nine private-label residential mortgage-backed securities (RMBS) offerings valued at $4.6 That brings the number of private-label transactions over the first three weeks of January to a total of 19 — backed by mortgage pools valued in aggregate at some $10 billion. billion have unfolded.

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Mortgage Lending Finance Housing Market 335

Housing Wire

NOVEMBER 2, 2020

Mortgage rates followed, which dampened demand. Plus, we have solid demographics and low mortgage rates. months, builders pull back, and new construction stalls. We saw this in 2018 and then spent the entire year of 2019 selling off the excess inventory. It was more noticeable than what we saw in 2018.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. That, along with the tech jobs Des Moines has to offer and low mortgage rates , means new builds are more affordable for younger buyers. “I’ve

Housing Market 437

Housing Market Marketing Realty Realtors 437

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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Housing Market Marketing Buyers Investors 441

Housing Wire

JUNE 22, 2021

“One positive development was the 7% increase in for-sale inventory, which should slightly help price conditions,” said Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association.

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Inventory Buyers Realtors Housing Market 414

Genworth MI Blog

MAY 28, 2020

Truth: A manufactured home is built in a factory and constructed to comply, at a minimum, with the Manufactured Home Construction and Safety Standards (HUD Code) enacted June 15, 1976. All factory-built homes constructed after June 15, 1976 must comply with the HUD Code or local building code. can work at night).

Construction 148

Construction Loan Officers Training Lending 148

Housing Wire

MAY 6, 2022

Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. Job openings in construction and manufacturing are big in America today. The United States of America was still in an expansionary mode in 2019 and 2020 before COVID-19 hit us.

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Transportation Construction Retail Real Estate 355

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%. While we are still far away from 2018/2019 levels of total inventory, anything, and I mean anything, we get is a plus now. New home sales fall, which will create a slowdown in housing construction.

Inventory 354

Inventory Housing Market Marketing Construction 354

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 313

Real Estate Brokerage Buyers Property Management 313

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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Mortgage Inventory Housing Market Construction 472

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

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Real Estate Brokerage Real Estate Agent Technology 352

Hank Miller Team

NOVEMBER 8, 2021

Trying to predict any market; stock, bond, mortgage, real estate or other type is a measured guess at best. In 2019 the housing market found its legs and combined with a historically strong economy and low rates, the housing market caught fire. The two main drivers; low mortgage rates and historically low inventory.

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Supply Chain Inventory Housing Market Government 98

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 459