Housing Wire

JULY 14, 2021

drop in applications to the lowest level since January 2020. “We continue to see ebbs and flows as housing demand remains strong, but for-sale inventory remains low,” he said. The prior week ‘s report showed a 1.8% The refinance share of activity of total mortgage applications increased to 64.1% from 61.6%

Mortgage 515

Mortgage Contracts Inventory Investors 515

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 393

Contracts Inventory Housing Market Marketing 393

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. 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% in October.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

Inventory 398

Inventory Technology Design Tools 398

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Inadequate housing inventory continues to put upward pressure on home prices,” Kan said.

Mortgage 479

Mortgage Contracts Inventory Buyers 479

Housing Wire

FEBRUARY 3, 2021

The refinance index also increased 11% from the previous week – up to its highest level since March 2020 – and was 59% higher year-over-year. from one week earlier, though the unadjusted purchase Index increased 8 percent compared with the prior week and was 16 percent higher than the same week in 2020. the week prior. .

Mortgage 415

Mortgage Contracts Government Inventory 415

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”

Inventory 456

Inventory Housing Market New Listings Mortgage 456

Housing Wire

JANUARY 12, 2022

The trade group noted that refi applications are at their lowest level in over a month, while conventional refi applications were at their lowest level since January 2020. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand,” said Kan. the previous week. and 11.4%, respectively.

Mortgage 441

Mortgage Contracts Inventory 441

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. My premise was that the pending home sales data should moderate from the surge in make-up demand we saw in 2020 and then spill over into the first two months of 2021. “The We ended 2020 with 5.64 Of the four major U.S. million – 6.2

Inventory 409

Inventory Housing Market Realtors Marketing 409

Housing Wire

MAY 5, 2021

This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity. “The 30-year fixed rate was up slightly to 3.18%, which is still 22 basis points lower than a year ago, but higher than it was between mid-2020 and February 2021,” he said.

Mortgage 411

Mortgage Contracts Government Inventory 411

Housing Wire

JUNE 8, 2022

“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added.

Mortgage 397

Mortgage Inventory Contracts Retail 397

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 400

Contracts Landlords Inventory New Listings 400

Housing Wire

JULY 21, 2021

.” Kan added that, on a seasonally adjusted basis compared to the July 4th holiday week, purchase applications dipped back to near their lowest levels since May 2020. “ Limited inventory and higher prices are keeping some prospective homebuyers out of the market,” Kan said.

Mortgage 450

Mortgage Marketing Contracts Inventory 450

Housing Wire

MAY 25, 2022

from a week earlier, “close to lows last seen in the spring of 2020 when a significant portion of activity was put on hold due to the onset of the pandemic,” said Kan. Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The seasonally adjusted purchase index rose 0.2% from 10.5%

Mortgage 425

Mortgage Contracts Retail Inventory 425

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. compared to a year ago. Year over year, pending sales are showing promise in every region of the U.S,

Realtors 534

Realtors Inventory Contracts Development 534

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

FEBRUARY 17, 2021

Since hitting a survey low in December, the 30-year fixed rate has slowly risen, and last week climbed to its highest level since November 2020,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The housing market in early 2021 continues to be constrained by low inventory and higher prices.

Mortgage 438

Mortgage Contracts Government Inventory 438

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

Renovations 384

Renovations Real Estate Construction Contracts 384

Housing Wire

JANUARY 27, 2021

The 30-year-fixed rate rose to 2.95%, its highest level since November 2020, according to Joel Kan, MBA associate vice president of economic and industry forecasting. Purchase applications also decreased last week, but the impressive trend of year-over-year growth since the second half of 2020 has continued in early 2021.”

Mortgage 310

Mortgage Contracts Government Inventory 310

Housing Wire

FEBRUARY 21, 2023

This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from December to a pace of 4.00 in January.

Inventory 362

Inventory Buyers Housing Market Contracts 362

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. Overall, however, new home listings are down 7% from a year ago and total active home listings are down 23% from 2020, Redfin said. It is still two percentage points higher than the 2020 high, according to Redfin.).

Housing Market 538

Housing Market Marketing Inventory Brokerage 538

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? The broad market was strong and largely balanced through Jan 2020. Detached homes are the most popular type in the Atlanta market; this is a look at them since Jan 2020. consider this a broad overview.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

AUGUST 11, 2021

It was the highest month-to-month growth since August of 2020. With low for-sale inventory keeping home-price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices,” Kan said. Last Friday, the U.S.

Mortgage 397

Mortgage Contracts Inventory Housing Market 397

Housing Wire

DECEMBER 4, 2020

CoreLogic chief economist Frank Nothaft said in a podcast on Friday that the term “unprecedented” best describes 2020. However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon.

Mortgage 512

Mortgage Contracts Construction Inventory 512

Housing Wire

APRIL 21, 2021

The typical luxury home that was for sale during the first quarter spent 61 days on the market — 38 fewer days than the same period in 2020. Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. When looking at the largest markets in the U.S., from a year earlier.

Luxury Properties 491

Luxury Properties Real Estate Agent Inventory Real Estate 491

Housing Wire

DECEMBER 8, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) decreased to 3.30%, one basis point down from the previous week. For jumbo mortgage loans (greater than $548,250), rates rose to 3.33% from 3.27% the week prior. The overall market composite index dipped 27.3%

Mortgage 440

Mortgage Government Contracts Inventory 440

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The big question is: how long will the market contraction last and when should we expect things to heat back up? Inventory and price reductions have resumed climbing now.

Real Estate 322

Real Estate Marketing Inventory Sellers 322

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

JUNE 5, 2023

Lotsoff and Brok spent nearly 10 years at loanDepot and the branch they managed originated $1 billion in volume in 2020 and 2021, Lotsoff and Brok said. “We We liked that we’d have the opportunity to be more entrepreneurial and have more freedom.

Loan Officers 381

Loan Officers Mortgage Lending Retail 381

Housing Wire

MAY 11, 2021

Redfin Chief Economist Daryl Fairweather said the numbers are likely exaggerated because demand for second homes dropped 24% year over year in April 2020, the month after the coronavirus pandemic permeated throughout the U.S. Lack of inventory , which has reached a crisis point nationally, isn’t necessarily an issue in the luxury segment.

Mortgage 450

Mortgage Inventory Contracts Buyers 450

Housing Wire

FEBRUARY 2, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates continued to climb, with the 30-year fixed rate rising for the sixth consecutive week to its highest level since March 2020. For jumbo mortgage loans (greater than $647,200), rates climbed to 3.59% from 3.56% the week prior.

Mortgage 409

Mortgage Contracts Inventory Investors 409

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% climb from 2020.

Supply Chain 421

Supply Chain Inventory Buyers Realtors 421

Housing Wire

DECEMBER 23, 2022

The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But relatively low inventory will be the primary driver of subdued transactions. Inventory has been rising in recent months but there is still only three months of supply nationally.

Housing Market 388

Housing Market Marketing Inventory Buyers 388

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. Ongoing strength in home-purchase applications and home sales continue to signal robust housing demand, even as low housing inventory remains a constraint,” Kan said.

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

MAY 10, 2022

The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. While the homeownership rate in the U.S.

Housing Market 434

Housing Market Realtors Buyers Inventory 434

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. But that’s not slowing down buyers.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

APRIL 30, 2021

In 2020, approximately 20% of all Americans moved — and Arizona was the seventh most-popular destination of those movers. The proof is in the home prices, which have shot up in Arizona since the beginning of 2020. Listing prices hit an average of $725,000 in September 2020 — the highest in more than two years. Census report.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543