The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land.

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Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. 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 more recently, market conditions have done an about-face.

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market.

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Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

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Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. million in 2022 from 6 million in 2021.

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Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

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Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That bolt-like spike in rates put many mortgage lenders into crisis mode.

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Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. trillion compared with 2021, according to estimates by Fannie Mae , Freddie Mac and the Mortgage Bankers Association (MBA).

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Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. in April 2021, to $4.51 How can brokers get ahead in a tight market? So buyers are getting concerned.”.

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Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home.

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Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

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Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. On these crazy days in the financial markets, I stress to people, it’s not how the trading day goes that matters; it’s the final closing number.

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Sacramento Appraisal Blog

MAY 5, 2021

“Buyers are crazy!!! How can they be paying these prices?” ” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days. But for anyone actually in the game, the truth is […].

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Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. range,” Yun added.

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Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days.

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Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The homebuyer trend is illustrated in Realtor.com’s latest report on the hottest housing markets in the U.S.

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Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. An improvement from the 6% mark, yet it’s still significantly higher than early 2021’s 3% level. in mid-June,” Yun added. through the rest of 2022.

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Housing Wire

MAY 3, 2022

The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. We expect this additional capital to accelerate our growth as we help cash-constrained homeowners and home buyers build financial stability and achieve their financial dreams,” Lim said.

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Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. On an unadjusted basis, the market composite index decreased 13% compared with the previous week. The prior week ‘s report showed a 1.8% from 61.6%

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Housing Wire

JUNE 1, 2022

for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”.

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Housing Wire

OCTOBER 27, 2021

Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”. Home prices have continued their rapid rise, and a lack of housing supply constrains the purchase market. Mortgage applications increased 0.3% from 10.4%.

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Housing Wire

MARCH 26, 2021

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. were heading to Portland in January and February of 2021. A balanced market, Davin said, requires five to six months. of movers leaving Boston, Mass.

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Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said.

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Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. from 12.3% the week prior.

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Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. Demand is still strong overall, especially in certain markets in the South and West. “Housing demand is still far outpacing supply,” Kan said.

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Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Market research backs that up. According to the 2021 J.D. Rates are rising. Refinances are falling.

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Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. While rates have been on a declining trend after peaking in October, they are still higher than the 3% levels from 2021. Guaranteed Rate originated $34.38

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Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Housing Wire

MARCH 24, 2021

The dip in applications is linked to broader trends in the housing market: more than a year of low inventory is forcing interested buyers to snag whatever they can get their hands on, even if it’s overpriced. That’s coupled with a rise in mortgage rates , too.

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Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

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Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. While the homeownership rate in the U.S.

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Housing Wire

AUGUST 17, 2022

The market composite index , a measure of mortgage loan application volume, fell 2.3% It was also down 62% compared to the same week in 2021. . decline from the previous week and fell 82% from the same week in 2021 to its lowest level since November 2000, driven by a 6% drop in conventional refi applications.

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Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. HW: What does the current market and demand for REO assets look like? My average days on the market remain low, with multiple offers on most assets.

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. The days on market were too low.

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Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. million in September 2021. million units from 6.18

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Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. She also said that HomeService’s guidelines state that listing brokers need to compensate buyer brokers only when the property is in the MLS. Goldberg testified that while there are roughly 2.5

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