Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

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Home Value Finance Mortgage Marketing 431

Housing Wire

JANUARY 10, 2024

Most Canadians prefer to age in their homes. Mansbridge previously collaborated with the bank in 2021, interviewing HomeEquity corporate officials about reverse mortgages and retirement. In a 30-second TV spot, Mansbridge takes a stage to answer questions from an audience resembling a press pool.

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Mortgage Advertising Marketing Home Value 421

Appraisal Buzz

APRIL 20, 2022

Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. home is now 19.5% higher than it was just three months ago, according to Zillow ’s March Real Estate Market Report. The cost of a 30-year mortgage on the typical U.S.

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Mortgage Home Value Real Estate Buyers 195

Appraisal Buzz

JANUARY 28, 2022

The 2022 housing markets across the U.S. According to the National Association of Realtors, home values increased by 16.9% in 2021, the highest year-over-year increase since 1999. This surge in demand is pressuring the diminishing … The post Hot Market Homes Selling at Record Speeds appeared first on DSNews.

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Marketing Home Value Realtors Housing Market 284

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. economy has remained resilient, backed by a very strong labor market, sky-high job openings and low unemployment. in September 2022. The overall U.S.

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Housing Market Marketing Inventory Sellers 432

Empire Appraisal Group

FEBRUARY 23, 2023

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The 17.27% change in value outpaced every other state in the nation.

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Home Value Real Estate Housing Market Real Estate Agent 78

Housing Wire

NOVEMBER 18, 2022

The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. months in October 2021. In October, 24% of homes received over the asking price.

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Housing Market Marketing Inventory New Listings 421

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). One of those deals made its way to the market this year.

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Marketing Contracts Finance Home Value 384

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states.

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Marketing Investing Investors Landlords 421

Housing Wire

NOVEMBER 14, 2022

Amid the surging rates, the refinance market is nearing the bottom. drop in rate/term refi, according to Black Knight ’s origination market report. With interest rates now at their highest level in 20 years, the refi market is rapidly approaching a bottom,” Scott Happ, president of Optimal Blue, a division of Black Knight, said.

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Marketing Lending Home Value Mortgage 370

Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The “Queen city of the Ozarks” needs more homes. Augusta, Georgia.

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Housing Market Marketing Real Estate Agent Agents 396

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

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Marketing Lending Investors Real Estate 370

Housing Wire

JULY 10, 2022

Just how bad was the mortgage market in June , when rates climbed north of 6%? June’s data represents how interest rate-dependent the originations market has become, said Scott Happ, president of Optimal Blue, a division of Black Knight. Purchase rate lock volume is down nearly 16% from June 2021. in June.

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Mortgage Marketing Home Value Government 370

Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5 Annualized price appreciation slowed to 10.7% in September, a 1.2%

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Housing Market Marketing Home Value Mortgage 370

Appraisal Buzz

JUNE 6, 2022

Reverberations and repercussions from the pandemic continue to move through the real estate market. The latest news of such comes from American Land Title Association (ALTA) who found that, driven by meteoric rise in originations and home values last year, has caused title insurance premiums to increase by 35.9%

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Insurance Marketing Home Value Real Estate 150

Empire Appraisal Group

SEPTEMBER 22, 2022

A Key to Home Values. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. Some street and neighborhood names are more associated with expensive homes than other names. Streets by time on the market.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 410

Housing Wire

OCTOBER 3, 2022

Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season. That monthly payment is up $930 from August 2021, a 73% increase. as of Sept.

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Inventory Home Value Housing Market Mortgage 527

Housing Wire

NOVEMBER 30, 2021

In 2021, the FHFA set the baseline conforming loan limit at $548,250 , a 7.5% Median home values exploded across dozens of housing markets across the country in 2021. across the nation, while some markets saw even larger increases. increase from the prior year. House prices increased 18.5%

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

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Housing Market Marketing Contracts Lending 370

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. Confidence rose in the Northeast to 53, signaling that builders there are slightly optimistic about market conditions.

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Inventory Home Value Housing Market Buyers 465

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The majority of title professionals were busier in 2021 than they ever have been.”. maintained 5.9%

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Insurance Home Value Inventory Real Estate 368

Appraisal Buzz

JANUARY 28, 2022

The 2022 housing markets across the U.S. According to the National Association of Realtors, home values increased by 16.9% in 2021, the highest year-over-year increase since 1999. are still experiencing the groundbreaking demand that arose during the early stages of the pandemic nearly two years ago.

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Real Estate Home Value Realtors Housing Market 305

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. The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low.

Inventory 410

Inventory Technology Design Tools 410

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. Indicating that not only are we firmly planted in a seller’s market, but a historically crazy seller’s market. However, this is in a very “normal” market.

Real Estate 69

Real Estate Marketing Inventory Sellers 69

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021.

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Home Value Market Value Brokerage Inventory 479

Housing Wire

JANUARY 24, 2023

In a typical sale-leaseback transaction, EasyKnock receives a processing fee from the initial home sale and then receives monthly rent after the customer becomes a tenant, he said. The majority of its revenue comes from rents, set at market rates by using third-party data. The lender originated $14.9 Licensed in Washington, D.C.

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Tenants Loan Officers Finance Clients 383

Housing Wire

OCTOBER 11, 2022

As mortgage rates rose more than 90 basis points to finish September at 6.72%, overall rate lock volumes predictably fell sharply – down 10% from August and almost 60% off levels from 2021. from September 2021. from September 2021. As a result, the refinance share of the market hit a new low of 16% in September.

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Lending Home Value Mortgage Government 384

Housing Wire

JULY 25, 2023

“State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market,” the company wrote on its website.

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Insurance Housing Market Marketing Agents 370

Inman

FEBRUARY 3, 2023

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels.

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Real Estate Home Value Marketing 148

Housing Wire

MARCH 14, 2022

Rate-term refinance lending activity was down for the fifth consecutive month – falling to the lowest level in three years – and is down 80% from 2021 levels. Cash-out locks – which have been somewhat insulated due to strengthening home values, were down 6.3% over last year. Presented by: SitusAMC. from the month prior.

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Home Value Lending Mortgage Marketing 409

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Rick Sharga, executive vp of marketing at realtytrac.

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Insurance Home Value Mortgage Marketing 479

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 432

Housing Wire

AUGUST 8, 2022

from June , marking four straight months of decline, according to Black Knight ‘s originations market monitor report. The refi share of the market remained the same from June at 18%, the lowest level since January 2018, when Optimal Blue began tracking the metric. from the previous month and dropped 22% from July 2021.

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Lending Mortgage Housing Market Home Value 384

Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion a year prior, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry had a record year in 2021 , generating $26.2 million), Florida ($696.6

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Insurance Home Value Contracts Marketing 306

Housing Wire

FEBRUARY 23, 2024

Meanwhile, the FHA-insured loan delinquency rate recorded a larger jump during the same period to 10.81%, up from 9.5%, the highest level since Q3 2021. “That’s a combination of both rates from a carrier perspective, as well as just the increase in home values,” Patrick A.

Insurance 458

Insurance Home Value Mortgage Marketing 458

Empire Appraisal Group

DECEMBER 10, 2021

Has 2021 Been a $2 Trillion Year? The booming real estate market is on a pace to shatter records this year. The real estate data firm CoreLogic reports that the total value of residential real estate transactions in 2021’s second quarter topped $600 billion for the third time in the past year. million transactions.

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Real Estate Appraisal Marketing Home Value 78