Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. But high mortgage rates and high home prices proved too much for the listings boom in Jacksonville. The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee.

Brokerage 407

Brokerage Realty Real Estate Inventory 407

Housing Wire

FEBRUARY 13, 2024

Despite high mortgage rates , master planned communities (MPCs) did well in 2023. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community. The thoughtful design and selection of community amenities contribute to the appeal for buyers.”

Buyers 433

Buyers Design Construction Marketing 433

Housing Wire

JUNE 21, 2023

On the heels of the Federal Reserve pausing its rate hikes, mortgage demand increased, but only slightly. For the week that ended June 21, mortgage applications only climbed 0.5% from the prior week , according to the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 26.9% from 13.0%

Mortgage 356

Mortgage Inventory Construction Buyers 356

Housing Wire

MARCH 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

Mortgage 471

Mortgage Government Buyers Contracts 471

Housing Wire

FEBRUARY 2, 2022

What was extraordinary about Marshall’s observations is that, by most measurements, Pulte Group enjoyed a sterling 2021. billion in 2021 net income, a 38% leap from $1.41 The positive financial figures came on the backs of Pulte Group reporting 28,294 closings in 2021, up 15% from one year earlier. billion in 2020. in December.

Supply Chain 329

Supply Chain Investors Construction Buyers 329

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 425

Investors Housing Market Finance Construction 425

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. for the past two weeks.

Mortgage 441

Mortgage Inventory Construction Technology 441

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. million in September 2021.

Mortgage 399

Mortgage Sellers Contracts Buyers 399

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% At the same time, builders also adapted to the needs of today’s home buyers who are navigating higher mortgage rates. This year, Miami has claimed the fifth spot, jumping all the way from ninth as recently as May 2021.

Housing Market 507

Housing Market Marketing Inventory Construction 507

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Housing Market 335

Housing Market Marketing Construction Insurance 335

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Slow construction and restrictive zoning laws.

Inventory 393

Inventory Marketing Mortgage Supply Chain 393

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. is likely to enter a recession,” Mike Fratantoni, Mortgage Bankers Association’s senior vice president and chief economist, said in a statement.

Mortgage 404

Mortgage Housing Market Retail Contracts 404

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

Sellers 289

Sellers Realty Insurance Realtors 289

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.

Business 418

Business Finance Buyers Lending 418

Housing Wire

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! This of course led some people to believe that bond yields and mortgage rates would go much higher today.

Mortgage 534

Mortgage Supply Chain Housing Market Marketing 534

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?

Marketing 449

Marketing Mortgage Supply Chain Inventory 449

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And don’t even think about making an offer below asking price in 2021, officials said. You won’t win the bidding war.

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

FEBRUARY 4, 2021

If buying a home is on your radar for 2021, there are still ways to do it. Are you hoping to buy a home in 2021’s hot housing market ? Will we have a buyer’s housing market in 2021? Qualify for the lowest mortgage rate you can. A mortgage pre-approval is non-negotiable in this environment. just this year.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

FEBRUARY 3, 2023

Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates.

Loan Officers 350

Loan Officers Buyers Contracts Mortgage 350

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.

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

Sellers 437

Sellers Realty Insurance Realtors 437

Housing Wire

JULY 13, 2022

Over the same time period, here is what happened to 30-year mortgage interest rates: 4% in 2019 3% in 2021 6% in 2022. In January 2020, Carmel Ford of the NAHB Economics and Housing Policy Group published a special study titled Cost of Constructing a Home. What is the impact of lumber relative to interest rates?

Supply Chain 386

Supply Chain Buyers Construction Mortgage 386

Housing Wire

MARCH 4, 2022

This is why I use the term replacement buyers for housing, and it applies to workers too. 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. The 10-year yield and mortgage rates. Current conditions don’t support this.

Mortgage 382

Mortgage Retail Construction Marketing 382

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. It was marked by hard work, innovation and resilience. 2022 Forecast series.

Housing Market 404

Housing Market Marketing Supply Chain Mortgage 404

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

Construction 370

Construction Renovations Real Estate Marketing 370

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.

Finance 397

Finance Investing Real Estate Agent Real Estate 397

Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. A downpayment can be a major barrier for first-time buyers—student debt, stagnating wages, and the increasing cost of rent all make it difficult to save. For example, today’s historically low mortgage interest rates offer buyers more spending power.

Housing Market 398

Housing Market Marketing Construction Insurance 398

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. The median sale price in April 2021 was $372,400, but the average sales price was $435,400.

Construction 414

Construction Technology Development Marketing 414

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

Supply Chain 493

Supply Chain Housing Market Construction Inventory 493

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? The bump kinda sorta returned in 2021 but what happens in 2022?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

FEBRUARY 18, 2022

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. from December and mortgage rates shot up 30 basis points. from December and mortgage rates shot up 30 basis points. “While the 6.7

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

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

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%. 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%.

Buyers 538

Buyers Housing Market Real Estate Agent Real Estate 538

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month How the mortgage industry is working together to make housing more affordable. Eager buyers have been snapping up available new homes, an increasing share of which have not even begun construction, at their highest pace in years.

Construction 319

Construction Inventory Buyers Marketing 319

Housing Wire

JANUARY 8, 2021

On average, closing costs equal about 1 to 4% of your home’s value, which isn’t something most home buyers are usually aware of. In fact, according to a study conducted by Wilson Perkins Allen Opinion Research, 50% of buyers were “surprised” by how much they were charged at closing. Mortgage Broker Fee .

Property Taxes 525

Property Taxes Insurance Real Estate Mortgage 525

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 months on a 3-month average.

Housing Market 335

Housing Market Marketing Supply Chain Inventory 335