Housing Wire

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. Dwelling coverage” saw sharp spikes in costs between 2021 and 2022 before moderating somewhat in 2023, but premiums renewed in 2024 rose by $445 when compared to policies purchased in 2021.

Insurance 430

Insurance Mortgage Government Marketing 430

Housing Wire

OCTOBER 21, 2024

The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. The homeowner applied for a mortgage refinance at Rocket in January 2021.

Appraisal 507

Appraisal Reconsideration of Value Law Valuation 507

Housing Wire

MARCH 22, 2024

in 2021, which was the highest level this century. At the national level, homes flipped in 2023 were sold for a median price of $306,000 and generated a gross flipping profit of $66,000, a 5.8% decline from the typical profit of $70,100 in 2022. Return on investment (ROI) was 27.5% in 2023, the lowest level posted since 2007. from Q4 2022.

Investors 492

Investors Real Estate Investing Marketing 492

Appraisal Buzz

DECEMBER 5, 2024

Its noteworthy that the recent surge in immigration occurred in 2022 and 2023, with the Congressional Budget Office estimating that immigration levels rose from an average of 990,000 in 2020 and 2021 to 2.7 Home prices experienced substantial growth in 2020 and 2021, and rents, after a slight decline in 2020, saw a sharp increase in 2021.

Construction 418

Construction Housing Market Marketing Buyers 418

Appraisal Buzz

DECEMBER 23, 2024

This most recent study comes after two earlier studies conducted by Freddie Mac in 2016 and 2021, which aimed to monitor boomers opinions and attitudes in a number of important areas. Compared to 2021 (81%), this is lower than in 2016 (76%). Key findings include: Retirement perceptions.

Finance 433

Finance Mortgage Technology Investing 433

Appraisal Buzz

NOVEMBER 25, 2024

However, the growth in business for lenders was considerably below a rise in the spring of 2024, and even though home-mortgage rates fell by about 6% for a 30-year fixed loan by the end of Q3 2024, total mortgages were still nearly two-thirds lower than their peak in 2021. trillion in 2021, that was an increase from $537.5 Louis (-50.3%

Lending 397

Lending Mortgage Buyers Real Estate 397

Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Now lets take a look at the weekly inventory data.

Mortgage 529

Mortgage Inventory New Listings Sellers 529

Housing Wire

APRIL 26, 2024

For FHA-sponsored single-family homes, new construction must comply with the 2021 IECC if building permit applications are submitted 18 months or later following the May 28 effective date.

Construction 475

Construction Law Development Finance 475

Housing Wire

NOVEMBER 5, 2024

Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively. Between 2009 and 2021, the typical home purchased was built in the early 1990s. This gave rise to the narrative that city dwellers wouldn’t return and urban centers were dying.

Realtors 446

Realtors Housing Market Construction Real Estate 446

Housing Wire

SEPTEMBER 25, 2024

Different from the boom of 2020 and 2021, lenders now face a more fragile financial situation, an extended pool of experienced candidates, and the likelihood of a smaller refinancing wave. As a group, the number of employees shrank by 46%, from 88,203 in 2021 to 47,940 in 2023.

Mortgage 422

Mortgage Loan Officers Retail Training 422

Appraisal Buzz

JULY 1, 2024

The data also provides updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from the years 2013-2021. This new release adds one additional year of new mortgage data through 2021. “The

Government 411

Government Mortgage Design Property Appraisal 411

Housing Wire

DECEMBER 30, 2023

As you can see in the chart below, we have a big gap between 2023 data versus 2021 and 2022 data. 2023: 24,394 2022: 19,128 2021: 24,394 For all those people who thought we were going to see a repeat of housing from 2008 or even worse; make sure to read and remember this new listing data line.

Inventory 511

Inventory New Listings Housing Market Mortgage 511

Appraisal Buzz

OCTOBER 24, 2024

The number of business foreclosures stayed at historically low levels throughout 2020 and the first part of 2021. However, by the middle of 2021, business foreclosures had started to increase once more as economic pressures returned and pandemic-related measures were relaxed.

Real Estate 397

Real Estate Business Government Appraisal 397

Appraisal Buzz

OCTOBER 14, 2024

in December 2021. The slow climb back continued steadily until interrupted in 2021, but the course has now been corrected. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Appraisal Buzz

JANUARY 6, 2025

As part of its ongoing efforts and a larger, whole-of-government strategy to assist families in recovering from the economic and public health effects of the COVID-19 pandemic, HUD established the Eviction Protection Grant Program (EPGP) in 2021.

Tenants 397

Tenants Legal Landlords Development 397

Housing Wire

OCTOBER 18, 2023

That’s well below the high of 181,656 achieved in Q3 2021 and even the four-plus year average of about 146,000. Since Q1 2021, the average LO has pumped out just under 16 loans per quarter at $4.8 The InGenius data dating back to Q1 2019 points to some sobering trends. In Q2 2023, the number of valid LOs fell to 89,094.

Retail 521

Retail Loan Officers Brokerage Mortgage 521

Housing Wire

DECEMBER 20, 2024

Investor purchases at the national level peaked in June 2021 at 148,670. This is a notable change from the years immediately after the COVID-19 pandemic, when investor purchases of single-family homes exploded along with owner-occupied purchases. compared to September 2023.

Investors 413

Investors Housing Market Marketing Real Estate 413

Housing Wire

SEPTEMBER 15, 2024

increase 2021: $548,250 — 7.4% Here are the increases in FHFA’s conforming loan limit for one-unit loans for the lower 48 states since 2016. 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase 2019: $484,350 — 6.8% increase 2020: $510,400 — 5.3% increase 2022: $647,200 — 18% increase 2023: $726,200 — 12.2%

Mortgage 496

Mortgage 496

Appraisal Buzz

JANUARY 9, 2025

Consequently, buildings with five or more units experienced the highest vacancy rate since early 2021, rising to 8%. Consequently, buildings with five or more units experienced the highest vacancy rate since early 2021, rising to 8%. In the third quarter, when data is available, apartment completions increased 58.1% YoY to $1.78.

Construction 396

Construction Appraisal Marketing 396

Housing Wire

JUNE 13, 2024

billion and 35,000 housing units since its inception in 2021, the company said in an announcement. “We Launched in January 2021, the fund initially sought to create and preserve 20,000 affordable housing units in these three metros through an initial investment of $2 billion. billion across 21,000 affordable units.

Investing 416

Investing Retail Housing Market Finance 416

Housing Wire

JANUARY 6, 2024

While the percentage of price cuts is still much higher than 2021 levels, this explains why prices were stable in the second half of 2023 versus the second half of 2022. While working from the lowest levels, 2024 should show year-over-year growth: I’d like to see new listings data get back to 2021 and 2022 levels.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

Housing Wire

DECEMBER 6, 2023

Refinance applications exceeded their 2022 levels for the second week in a row, a first since late 2021. The refinance index rose by 14% on a weekly basis and was 10% higher than a year ago.

Mortgage 521

Mortgage Marketing Inventory Finance 521

Housing Wire

APRIL 18, 2024

According to Scotsman Guide , a verified ranking based on information sent by lenders and mortgage pros, McDermott originated about $113 million in 2020, $109 million in 2021 and $44 million in 2022, when she left G-Rate to join rival CrossCountry Mortgage (CCM).

Loan Officers 441

Loan Officers Human Resources Contracts Mortgage 441

Housing Wire

DECEMBER 27, 2023

Zillow Group acquired ShowingTime in 2021. However, in 2021, the MLS defendants and other MLSs joined together to create MLS Aligned, which acquired another showing management platform which was rebranded as Aligned Showings. District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS.

Real Estate 508

Real Estate Agents Real Estate Agent Sellers 508

Appraisal Buzz

OCTOBER 21, 2024

Notably, the Great Texas Freeze in 2021 caused significant damage, contributing to the state’s standing as the leader in winter weather-related property damage over the past decade. Over the past decade, winter weather has been responsible for 1,355 deaths, with 2021 seeing the highest number of fatalities at 236.

Insurance 393

Insurance Appraisal 393

Appraisal Buzz

AUGUST 29, 2024

The price of commercial real estate sank by 10% in 2024 (following 2023’s post-pandemic rebound), a decline resulting in the lowest prices since 2021 and “indicating a reversal of the previous upward trend.” “This means that when the price index goes down, the delinquency rate rises,” they explained.

Real Estate 418

Real Estate Tenants Business Realtors 418

Housing Wire

OCTOBER 28, 2024

He was named CEO in 2021 after being selected by Lorber and Dottie Herman, Elliman’s previous CEO. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times. Michael Liebowitz, the firm’s board director, was named the new chairman and CEO.

Brokerage 359

Brokerage Realty Contracts Investors 359

Housing Wire

NOVEMBER 13, 2024

The past two years have been tough, but even before 2021, Black homeownership was either falling or stagnant and remains far from its pre-2004 high of nearly 50%.” Until 2021, there had been a steady rise in the number of applications from Black women since the Great Recession,” the report reads. “In

Real Estate 373

Real Estate Mortgage Finance Housing Market 373

Housing Wire

SEPTEMBER 27, 2024

FHA had previously outlined a plan that would require appraisal submissions through the EAD module in 2021, but it said in September 2022 that it had chosen to reassess the module. The agency cited a need to take a closer look at the development and implementation of this part of the platform to streamline its efficiency.

Appraisal 350

Appraisal Modernization Appraisal Process Development 350

Housing Wire

JULY 23, 2024

The suit was dismissed with prejudice in 2021 as the lower court ruled that TAN failed to state a claim with prejudice in its third amended complaint. The defendants in the suit originally consisted of NAR, the San Francisco Association of Realtors and the California Association of Realtors , which were dismissed from the suit in 2021.

Realtors 390

Realtors Agents Real Estate Marketing 390

Appraisal Buzz

NOVEMBER 1, 2024

Single-family home building permits fell 23% from their 15-year peak in early 2021 and 2% year-over-year in September. This is due to the fact that the share increased significantly throughout the pandemic, rising from about 17% in 2019 to about 30% by the end of 2021. Overall U.S.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Housing Wire

AUGUST 15, 2024

” Ryan Marshall Marshall was also previously the CEO of Benutech , a real estate data and technology firm, and joined Voxtur in 2021 when it acquired Benutech. ” In April 2021, Voxtur acquired appraisal management software firm Anow in a deal worth $30.5 He has “a wealth of experience within the U.S.

Client Relationships 378

Client Relationships Real Estate Property Taxes Technology 378

Housing Wire

FEBRUARY 22, 2024

billion in 2021, according to a recent earnings report. Fannie Mae recently reported $77.4 billion in net worth at the end of 2023, including $17.4 billion in additional net income for the full year. billion figure marks a sharp increase from prior years — $60.3 billion in 2022 and $47.4

Technology 478

Technology Government Business Marketing 478

Appraisal Buzz

JULY 12, 2024

To ensure households have access to stable housing, HUD launched the Eviction Protection Grant Program (EPGP) , a federal program to stabilize housing and prevent housing evictions through legal assistance, in 2021. Current grantees, as well as new applicants, will be considered for awards with this new round of funding.

Tenants 435

Tenants Landlords Legal Finance 435

Appraisal Buzz

NOVEMBER 26, 2024

For instance, investor purchases surged as much as 144% year-over-year in 2021, then dropped as much as 47% last year. By comparison, investors were buying nearly 100,000 homes per quarter during the 2021 homebuying frenzy. Investors bought 49,380 homes in Q3, compared with 50,535 last year. Now there’s a middle ground.

Investors 396

Investors HOA Insurance Real Estate 396

Housing Wire

DECEMBER 2, 2023

New listings data for this week over the last several years: 2023: 28,297 2022: 28,471 2021 32,018 Traditionally, one-third of all homes take price cuts before they sell. Price cut percentages this week over the last few years: 2023: 39% 2022: 43% 2021: 27% The week ahead: Jobs week! Yes, it’s that time of the month again: Jobs week!

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 492

HOA Law Insurance New Listings 492