Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

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Mortgage Inventory Housing Market Construction 457

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

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Retail Mortgage Business Loan Officers 411

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

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Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

Mortgage 506

Mortgage Inventory Buyers Housing Market 506

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. Pending home sales rose 8.3%

Contracts 450

Contracts Housing Market Construction Inventory 450

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

JUNE 3, 2021

Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac ‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. according to the National Association of Realtors.

Mortgage 370

Mortgage Inventory Construction Realtors 370

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Purchase mortgages accounted for about 82.5%

Mortgage 393

Mortgage Real Estate Real Estate Agent Realtors 393

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 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. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me. My biggest fear for the U.S.

Housing Market 541

Housing Market Marketing Inventory Realtors 541

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. million, according to the National Association of Realtors. That’s a full 5% drop. Sales of existing homes fell 6.6%

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Mortgage Construction Realtors Inventory 543

Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Still, second-home mortgage rate locks are holding steady at more than double pre-pandemic levels. from a year earlier.

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Mortgage Inventory Contracts Buyers 442

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. Unsold inventory sits at a 3.0-month

Inventory 506

Inventory Housing Market Marketing Realtors 506

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.” Despite the monthly drop, the unsold inventory at the end of December is up 10.2%

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Inventory Housing Market Realtors Buyers 382

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels.

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Inventory Housing Market New Listings Mortgage 450

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. From NAR : Total existing-home elevated 3.1%

Inventory 464

Inventory Mortgage New Listings Marketing 464

Housing Wire

MARCH 21, 2023

million homes, according to a report from the National Association of Realtors (NAR) released Tuesday. monthly gain reported in July 2020. Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” Lawrence Yun , NAR’ s chief economist, said in a statement. in February on a yearly basis.

Inventory 382

Inventory Realtors Real Estate Housing Market 382

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. The real story in housing has been the price boom that we have seen since 2020. I use the 1.52-1.93

Housing Market 521

Housing Market Marketing Inventory Realtors 521

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. We ended 2020 with 5.64 Of the four major U.S.

Inventory 404

Inventory Housing Market Realtors Marketing 404

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 527

Inventory Contracts Training Investors 527

Housing Wire

DECEMBER 22, 2020

million, according to a report from the National Association of Realtors on Tuesday. Home sales in November took a marginal step back, but sales for all of 2020 are already on pace to surpass last year’s levels,” said Lawrence Yun, NAR’s chief economist. At the end of November, housing inventory declined yet again, totaling 1.28

Inventory 510

Inventory Housing Market Realtors Marketing 510

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 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. Unsold inventory sits at a 2.0-month

Housing Market 483

Housing Market Marketing Inventory Mortgage 483

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices.

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Realtors Inventory Contracts Development 532

Housing Wire

SEPTEMBER 8, 2022

When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

Inventory 543

Inventory Law Housing Market Design 543

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

Housing Market 442

Housing Market Realtors Buyers Inventory 442

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. from May 2020 ($283,500). “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

Inventory 414

Inventory Buyers Realtors Housing Market 414

Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels.

Inventory 433

Inventory Housing Market Realtors Marketing 433

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

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.” Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. presentation slide for investors in the SPAC that took it public, also in 2020. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. “The largest, undisrupted market in the U.S.,”

Marketing 414

Marketing Inventory Renovations Investors 414

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. Presented by: Auction.com.

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Inventory Renovations Contracts Buyers 414

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. This is why the days on the market are so low historically after 2020. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. Mortgage rates moving up and down have moved the market.

Housing Market 538

Housing Market Marketing Inventory Mortgage 538

Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. 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. from December to a pace of 4.00 in January.

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. In addition, 43% cited high rent/mortgages and 36% cited credit card debt as factors getting in the way of saving for a downpayment.

Buyers 450

Buyers Realtors Sellers Inventory 450

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An from June 2020. from June 2020. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3% Mortgage applications increased 5.7% The overall pending home sales index fell 1.9% on the index in June, an 8.7%

Marketing 433

Marketing Buyers Realtors Real Estate 433