Housing Wire

JUNE 22, 2021

“Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Total housing inventory at the end of May grew to 1.23 Unsold inventory sits at a 2.5-month

Inventory 404

Inventory Buyers Realtors Housing Market 404

Housing Wire

NOVEMBER 30, 2020

Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. According to Yun, median home prices are rising “ much too fast ” and that transforming raw land into developable lots and new supply are clearly needed to help tame the home-price growth.

Realtors 532

Realtors Inventory Contracts Development 532

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Trade services spiked to 174 on the index in June 2021, then spiked again to 182 in March of last year. Index values for December published last week.

Construction 435

Construction Supply Chain Transportation Buyers 435

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. Faes’ career in mortgage lending goes back to 2008 when he co-founded non-bank mortgage lender LendInvest , which was listed on the London Stock Exchange in 2021. billion (£3.7

Finance 333

Finance Marketing Lending Inventory 333

Appraisal Buzz

MARCH 23, 2022

compared with February 2021, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. Lack of inventory, rising home prices and rising mortgage rates combined to slow new home sales – but demand remains strong for now. compared with January and down 6.2%

Inventory 150

Inventory Development Appraisal Mortgage 150

Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Low housing inventory. In 2021, the overall rental vacancy rate dropped to 5.8% , the lowest level since the mid-1980s. In 2021, median rents grew by 17.8 %, another unprecedented increase. million homes.

Construction 370

Construction Investing Development Landlords 370

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. Department of Housing and Urban Development (HUD) in August 2022.

Renovations 339

Renovations Buyers Development Insurance 339

Housing Wire

OCTOBER 21, 2021

HousingWire Editor-in-Chief Sarah Wheeler and Deluxe Senior Business Development Executive Mark McGuinn discuss the challenges lenders are facing to optimize lead generation as mortgage rates fluctuate. . Rising mortgage rates and paltry inventory will make things harder for homebuyers as well. Presented by: Deluxe.

Mortgage 438

Mortgage Supply Chain Inventory Development 438

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

Insurance 351

Insurance Investing Marketing Business 351

Housing Wire

APRIL 19, 2021

HousingWire: Last year you and your team took the lead on tackling complex issues like the lack of quality housing inventory and supporting individuals experiencing chronic and veteran homelessness. Which projects are you focusing on this year and where do you see the most need in 2021? Nominate your Woman of Influence today!

Property Taxes 344

Property Taxes Inventory Tools Clients 344

Housing Wire

JUNE 8, 2021

billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. Regions’ acquisition of EnerBank from CMS is expected to close in the fourth quarter of 2021. in 2021 to $433 billion.

Renovations 337

Renovations Home Improvement Marketing Finance 337

Housing Wire

JUNE 24, 2022

With the firm entering the mortgage tech industry, the lender will offer some of its proprietary, in-house technology, developed under the Mid America Mortgage brand, across the industry for different lenders who want to build an end-to-end digital mortgage process. million in the first quarter of this year. .

Mortgage 307

Mortgage Retail Technology Lending 307

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, from 2020 to 2021, to $13 billion. The lender’s origination volume increased 25.8% billion, up 65.5%

Mortgage 310

Mortgage Loan Officers Retail Construction 310

Housing Wire

JUNE 17, 2021

Though uncertainties over consumer behaviors related to reopening and COVID-19 developments remain, the group believes temporary factors are largely responsible for current strong inflation. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Mortgage 442

Mortgage Housing Market Contracts Construction 442

Housing Wire

DECEMBER 16, 2021

The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? This additional inventory is sorely needed.

Marketing 449

Marketing Mortgage Supply Chain Inventory 449

Housing Wire

MAY 11, 2021

The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020. How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. A leap in losses can be a hazard of a growing company , even those with bountiful capital backing.

Real Estate Agent 328

Real Estate Agent Real Estate Brokerage Inventory 328

Lamacchia Realty

JANUARY 6, 2022

In 2021, Lamacchia Realty continued its record growth across the company. The company went into the year with big goals despite the unprecedented low inventory and challenging market, particularly at the beginning of the year. The company achieved $1 Billion in Sales Volume months faster in 2021 than in 2020. Anthony Lamacchia.

Realty 77

Realty Realtors Training Brokerage 77

Housing Wire

MAY 19, 2022

HousingWire: The current inventory shortage doesn’t seem like it will let up anytime soon. Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022. The combination of the slowing refinance market and the current inventory shortage has made fulfilling volume needs even more challenging.

Marketing 396

Marketing Lending Inventory Mortgage 396

Housing Wire

SEPTEMBER 16, 2021

MBA’s National Delinquency Survey (NDS) data for the second quarter of 2021 showed a sharp decline in the mortgage delinquency rate to 5.47%. by the end of 2021, and likely dropping below 4% by the end of 2022. Note that some of these loans in the foreclosure inventory may have been so prior to the pandemic. Exhibit 4.

Mortgage 476

Mortgage Inventory Investors Design 476

Housing Wire

OCTOBER 2, 2020

Caliber, headed by CEO Sanjiv Das, has retail, wholesale and correspondent lending channels, and has developed a large book of business in the purchase space. Mortgage lenders of all stripes have made a staggering amount of money in 2020, thanks largely to record-low interest rates and depressed inventory.

Valuation 338

Valuation Retail Mortgage Inventory 338

Housing Wire

JUNE 7, 2023

The HBACA noted that development of industrial and commercial buildings can continue, but homebuilders are restricted unless they find alternate water sources. What’s happening around Phoenix isn’t new – a similar groundwater restriction was instituted in Pinal County in 2021. Should states or towns restrict development?

Real Estate 334

Real Estate Transportation Development Housing Market 334

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Housing affordability weakened slightly during the first quarter of 2021 with signs of overheated prices and bottleneck supplies snowballing into April.

Construction 439

Construction Government Inventory Mortgage 439

Lamacchia Realty

AUGUST 3, 2021

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Housing Wire

AUGUST 5, 2022

All this was just working our way back from the losses to COVID-19, which I knew would take a bit longer than some people would have thought with the economic data we had in 2021. We had some funky trade and inventory data that tilted the GDP negatively, but the traditional data lines that go negative in a recession are just not there yet.

Development 542

Development Housing Market Marketing Business 542

Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. To develop a robust input, it’s imperative to understand your cash flows, which means knowing your sources and uses of cash. But how that cash was conserved will dictate a company’s long-term viability.

Mortgage 336

Mortgage Inventory Business Loan Officers 336

Housing Wire

JUNE 6, 2022

As of September 2021 the MMIF was nicely cushioned, with a capital ratio of 8.03% — almost four times the required statutory minimum. At the time, the Department of Housing and Urban Development said the option could prevent “several thousand borrowers a year from foreclosure.”. But it’s not just a benefit to borrowers.

Insurance 414

Insurance Mortgage Realtors Housing Market 414

Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. ” In fall of 2021, Chicago-based Interfirst laid off hundreds of employees.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

OCTOBER 5, 2023

The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3 Unlock also is developing shared-equity offerings for what it calls “HEA Prime,” a product that is designed for homeowners who have higher credit scores.

Housing Market 385

Housing Market Marketing Contracts Finance 385

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. Census and the Department of Housing and Urban Development.

Housing Market 301

Housing Market Marketing Loan Officers Buyers 301

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. Mike McGrory , Vice president Property Acquisitions, Development and Property Management for Lamacchia Realty shared how from his perspective they are seeing similar trends. April 8, 2021. February 4, 2021. April 8, 2021. But that doesn’t seem to be stopping clients. Buyer Resources.

Renovations 55

Renovations Buyers Home Improvement Realty 55

Housing Wire

APRIL 4, 2022

With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers. Earlier last year, the Department of Housing and Urban Development ‘s Sec. Marcia Fudge said that there are no plans to lower mortgage insurance premiums in the near future.

Insurance 363

Insurance Loan Officers Sellers Mortgage 363

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

Housing Market 388

Housing Market Marketing Construction Insurance 388

Housing Wire

MAY 10, 2021

So much so, in fact, that Harrisburg is ranked seventh on Realtor.com’ s list of housing markets positioned for the most growth in 2021 — ahead of Denver, Los Angeles, Las Vegas, San Diego and Dallas. And it hasn’t slowed down through the first quarter of 2021. “It’s a great time to be in the city.

Buyers 221

Buyers Real Estate Agent Real Estate Inventory 221

Housing Wire

SEPTEMBER 27, 2022

This isn’t true (just look at his next statement, below) — he really wants the bidding wars to end, and for total inventory to grow and regain balance. As you can see below on the NAR total inventory chart, we didn’t have a seasonal push in inventory in 2020, which left us vulnerable to price growth that was above the historical norm.

Housing Market 464

Housing Market Inventory Marketing Construction 464

Housing Wire

JULY 27, 2022

In mid-2021, most mortgage companies enjoyed strong origination volume and were hiring additional staff in response. These developments have essentially brought refinance originations to a screeching halt. What a difference a year makes.

Mortgage 345

Mortgage Marketing Lending Business 345

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. The median sale price in April 2021 was $372,400, but the average sales price was $435,400. Even so, we expect new home sales to trend higher for the remainder of 2021, with sales for the year at the highest level since 2006.”

Construction 414

Construction Technology Development Marketing 414