Housing Wire

OCTOBER 5, 2021

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Nearly one quarter of U.S.

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Sellers Inspection Buyers Finance 545

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 504

Real Estate Buyers Renovations Open Houses 504

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Will 2021 be more of the same? A buyer’s market in 2021? Is 2021 a good time to buy a house?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

FEBRUARY 6, 2024

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. Assumable mortgages remain a niche market compared to new mortgage issuance. An assumable mortgage enables qualified buyers to take over the seller’s mortgage terms, including the existing balance and interest rate.

Mortgage 458

Mortgage Sellers Advertising Buyers 458

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 441

Mortgage Buyers Agents Real Estate Agent 441

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

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Lending Mortgage Inventory Business 450

Appraisal Buzz

MARCH 26, 2024

There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. The median U.S. home-sale price is up 5.3%

New Listings 195

New Listings Buyers Marketing Inventory 195

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 409

Mortgage Real Estate Agent Real Estate Renovations 409

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

Mortgage 533

Mortgage Inventory New Listings Sellers 533

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. But will 2021 be the same? Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low.

Property Taxes 458

Property Taxes Sellers Mortgage Buyers 458

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. The question now is what will inventory look like in the spring if mortgage rates keep falling?

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Inventory Mortgage New Listings Buyers 536

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. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

DECEMBER 23, 2020

While the speed and magnitude of the housing recovery was surprising, the strong underlying fundamentals serving as tailwinds for the housing market’s recovery were not, and these tailwinds are expected to remain strong in 2021. 2021 housing market tailwinds: Rates, demographics and supply. The rest of this content is for HW+ members.

Housing Market 515

Housing Market Mortgage Buyers Marketing 515

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

APRIL 19, 2021

Real estate investors buy to flip a home for a profit or get rental income, but they’re not the majority of buyers in America each year. For the majority of mortgage holders, the loan is the cost of shelter. Ordinary people needed shelter and wanted to take advantage of low mortgage rates and less competition.

Housing Market 541

Housing Market Marketing Real Estate Investing 541

Appraisal Buzz

APRIL 20, 2022

Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage on the typical U.S. Despite this, the pace and volume of sales picked up in March, showing the depth of the pool of home buyers willing and able to meet. home is now 19.5%

Mortgage 195

Mortgage Home Value Real Estate Buyers 195

Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. We haven’t broken either yet.

Mortgage 491

Mortgage Inventory New Listings Housing Market 491

Housing Wire

MARCH 1, 2021

And for the companies that were already operating in the digital space, they were able to stay ahead of the curve as home-buyer demand reached unheard-of levels. Behind much of this tech adoption are the 100 real estate and mortgage companies featured in our HousingWire Magazine TECH100 list, which led the great fintech acceleration.

Real Estate 404

Real Estate Buyers Mortgage 404

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data. Mortgage rates and the 10-year yield We are back!

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75 year-over-year.

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

AUGUST 9, 2021

Likewise, the percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 6% to 5%, while the percentage who expect mortgage rates to go up remained unchanged at 57%. The share who think mortgage rates will stay the same increased from 30% to 31%.

Buyers 466

Buyers Renovations Mortgage Marketing 466

Housing Wire

APRIL 7, 2021

And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. Mortgage applications decreased 2.2%, according to the March 31 report from the Mortgage Bankers Association. points to 81.7.

Sellers 512

Sellers Real Estate Agent Real Estate Loan Officers 512

Housing Wire

JANUARY 25, 2023

Chicago-based mortgage lender Guaranteed Rate launched a new program this week that will provide up to $8,000 in assistance to potential first-time homebuyers from underserved communities. Buyers who qualify in these metro areas can use the assistance to purchase a house anywhere in the U.S.,

Buyers 384

Buyers Contracts Insurance Mortgage 384

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2% According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2%

Sellers 527

Sellers Mortgage Loan Officers Buyers 527

Housing Wire

AUGUST 13, 2023

Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. This pushed yields higher Thursday and Friday to move mortgage rates to 7.19%. We saw an example of that last week.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

Mortgage 441

Mortgage Marketing Housing Market Buyers 441

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. “Employers are providing clarity on permanent remote-work policies, the economy is recovering and mortgage rates remain low. . How much will be spent on homes?

Housing Market 421

Housing Market Inventory Mortgage Market Value 421

Housing Wire

JUNE 5, 2023

UMortgage , a growing nationwide mortgage platform, announced last week the addition of MC Mortgage Group to its network. MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina.

Mortgage 370

Mortgage Brokerage Retail Tools 370

Housing Wire

JANUARY 8, 2021

This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. In each Q&A, we attempt to bring clarity to the top questions around housing supply shortages in 2021, the future of foreclosures and the future generation of homebuyers.

Housing Market 466

Housing Market Marketing Buyers Mortgage 466

Housing Wire

DECEMBER 30, 2020

As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%. Streamlining the refinance process in this low mortgage rate environment. The National Index is now up 24.5% year over year. from last year.

Contracts 534

Contracts Inventory Realtors Government 534

Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . Mortgage rates differed slightly on other platforms, and were 6.65% for conforming loans at Mortgage News Daily on Tuesday. .

Mortgage 466

Mortgage Buyers Sellers Marketing 466

Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. It generally takes about 20 to 45 days for a buyer to receive a mortgage commitment letter depending on all the conditions being met.

Mortgage 384

Mortgage Clients Finance Buyers 384

Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. 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.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

JUNE 30, 2023

mortgage lender, acquired Sirva’s shares at Premia Relocation Mortgage and now has full ownership of the business, the companies announced on Friday. Premia, which provides a relocation mortgage service for employees moving across the country or to other countries, has a digital platform called DigitalMove. It fell 58.8%

Mortgage 370

Mortgage Loan Officers Technology Buyers 370

Housing Wire

JULY 1, 2022

Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. compared to 94.2%

Mortgage 384

Mortgage Renovations Buyers 384