Housing Wire

JANUARY 4, 2021

Will 2021 be more of the same? A buyer’s market in 2021? It’s not likely we’ll see a buyer’s housing market in 2021, at least according to experts. For example, home prices are still expected to rise in 2021, but at a smaller pace than we’ve seen this year. Is 2021 a good time to buy a house? Let’s take a look.

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

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% We do not see new construction returning in a meaningful way any time soon. “The Will Savage, an LO at PMC Mortgage.

Mortgage 400

Mortgage Loan Officers Buyers Inventory 400

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 388

Mortgage Sellers Contracts Buyers 388

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

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 425

Sellers Realty Insurance Realtors 425

Housing Wire

APRIL 19, 2022

Census Bureau released their report for March, showing a solid number of housing permits and starts — but these were boosted by multifamily construction. In addition, this data lags behind the current reality of a housing market dealing with much higher mortgage rates. percent)* above the March 2021 rate of 1,725,000.

Mortgage 385

Mortgage Housing Market Construction Marketing 385

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. Need a real estate agent?

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

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.

Mortgage 457

Mortgage Inventory Housing Market Construction 457

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 381

Brokerage Realty Real Estate Inventory 381

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 295

Sellers Realty Insurance Realtors 295

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

MAY 23, 2024

In Economics 101, the increase in interest rates should have been coexisting with a decrease in demand,“ Todman said in an interview with HousingWire this week during the Mortgage Bankers Association ’s (MBA) Secondary and Capital Markets Conference. But we see demand. We don’t see the supply.“

Renovations 306

Renovations Investors Housing Market Law 306

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 359

Mortgage Loan Officers Retail Finance 359

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong!

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Appraisal Construction Business Real Estate 147

Housing Wire

DECEMBER 17, 2020

“Today’s report is consistent with other housing data that shows the housing market has rebounded substantially from the second quarter,” said Joel Kan, the Mortgage Bankers Association ’s associate vice president of economic and industry forecasting. How the mortgage industry is working together to make housing more affordable.

Construction 510

Construction Housing Market Inventory Marketing 510

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 543

Inspection Inventory Buyers Sellers 543

Housing Wire

JANUARY 26, 2021

According to the CoreLogic Buyer/Seller Market Indicator, which measures the ratio between sold price and list price, buyer competition reached a new peak nationally in October and November when the ratio climbed to 0.996 – the highest level since 2008, when the data series began. . The 20-city composite showed a 9.1% in October.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. percent) below the July 2021 estimate of 726,000. This time, we have less production of homes and more multifamily construction.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

DECEMBER 23, 2022

One of the realities of COVID-19 has been the lag to build homes in a business that requires stable mortgage rates because of the traditional time to complete a home. It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. percent (±22.7

Construction 338

Construction Housing Market Mortgage Sellers 338

Housing Wire

SEPTEMBER 28, 2022

We had a period this summer when mortgage rates moved from 6.25% back down to 5% and some of the new home sales activity picked up. below the August 2021 estimate of 686,000. Of course, mortgage rates are much higher right now. The builders will pull back on construction when the supply is 6.5 When supply is 4.4

Construction 452

Construction Sellers Inventory Housing Market 452

Housing Wire

JANUARY 26, 2022

The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. Now that 2021 is wrapped up, we can see this is what happened and I believe that was misread by some people. months and above, the builders will pull back on construction. When supply is 4.4 When supply is 6.5

Construction 405

Construction Marketing Mortgage Sellers 405

Housing Wire

JULY 26, 2021

below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. from May 2021 and down 40.4% Compared to May 2021, applications decreased by 3%. from June 2020.

Inventory 414

Inventory Housing Market Construction Sellers 414

Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When supply is 4.3 months and above.

Inventory 423

Inventory Construction Housing Market Mortgage 423

Housing Wire

MARCH 22, 2023

The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022. In 2021, the bank acquired Civic Financial Services , a private money lender that caters to real estate investors, a strategic move into specialized areas of the non-QM market.

Real Estate 349

Real Estate Investors Investing Finance 349

Housing Wire

JULY 13, 2022

After 2021 ended and my price-growth model was broken after only two years and we started 2022 at all-time lows in inventory, I labeled the U.S. When I talked about needing higher rates in February of 2021, it was based on the fact that we didn’t have a credit bubble, so the demand is legit. Over the last two and a half years of U.S.

Inventory 539

Inventory Housing Market Mortgage Marketing 539

Housing Wire

FEBRUARY 18, 2021

Still, builder headwinds persist, experts said, with many construction companies and homebuilders currently at capacity or dealing with the aforementioned high materials costs. Homesnap foresees the current housing shortage continuing in 2021 unless more sellers enter the housing market. Inventory remains low, as well.

Supply Chain 420

Supply Chain Construction Housing Market Inventory 420

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. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 394

Business Finance Buyers Lending 394

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. by September 2021. Despite home prices rising 6.7% households.

Inventory 463

Inventory Housing Market Construction Marketing 463

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. What are the implications for the mortgage market? 2022 Forecast series.

Housing Market 403

Housing Market Marketing Supply Chain Mortgage 403

Housing Wire

APRIL 27, 2022

That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The housing world is much different at 5% plus mortgage rates versus the 3% mortgage world we had last year. percent) below the March 2021 estimate of 873,000. From Census: Sales of new single?family percent (±12.9

Construction 325

Construction Buyers Housing Market Inventory 325

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. We had roughly 300,000 more existing home sales in 2020 than in 2019 and 800,000 more in 2021.

Inventory 492

Inventory Housing Market Construction Marketing 492

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

FEBRUARY 18, 2022

from December and mortgage rates shot up 30 basis points. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%. Indeed, January saw the strongest pace of existing-home sales in a year, even though home prices increased 1.8% “While the 6.7

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

OCTOBER 21, 2021

decrease from August 2021. Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”. MBA expects new home construction to help support growing inventory levels as we enter 2022, which will lead to a deceleration in home-price growth,” Frantantoni said in a statement.

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. As real estate professionals strategize on how to do business in 2021’s competitive, fast-paced housing market, they’ll discover the need for better tools to market their listings.

Supply Chain 416

Supply Chain Inventory Housing Market Real Estate 416