Housing Wire

APRIL 30, 2023

Now that I believe the seasonal inventory bottom is in, we can focus on the next stage: tracking the weekly data on how much inventory growth we can get this year before the seasonal inventory starts to decline. The spring housing market music is playing, and purchase application data and active listing inventory rose together last week.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

MARCH 4, 2022

Today, the Bureau of Labor Statistics reported that the United States Of America created 678,000 jobs in February. unemployment rate stands at 3.8%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19. Jobless claims data looks solid.

Mortgage 382

Mortgage Retail Construction Marketing 382

Housing Wire

MAY 21, 2023

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. Weekly housing inventory They say slow and steady wins the race; well, for housing inventory in 2023, it’s been terribly slow this spring. How slow has the active listing growth been? million to 1.04

Housing Market 493

Housing Market Marketing Inventory New Listings 493

Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of August 10, up from last week ’s 6.90%.

Mortgage 370

Mortgage Real Estate Buyers Construction 370

Housing Wire

JANUARY 12, 2023

Despite the labor market finishing 2022 stronger than expected, job and wage growth are slowing, per the Bureau of Labor Statistics (BLS). In turn, inflation slowed in December for the sixth straight month. It has averaged between 75 to 80 bps in the past 10 years. Where are rates heading to?

Mortgage 483

Mortgage Marketing Investors Clients 483

Housing Wire

DECEMBER 3, 2021

Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. Job reports can be wild, and we often have two to three reports per year that miss estimates badly. The unemployment rate is currently at 4.2%.

Marketing 463

Marketing Retail Transportation Construction 463

Housing Wire

JUNE 3, 2022

Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. Today, job openings are at 11.4 Today, job openings are at 11.4 percent, the U.S.

Construction 523

Construction Retail Transportation Marketing 523

Housing Wire

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast. How I look at mortgage rates ties back to where I think the 10-year yield range will be.

Mortgage 440

Mortgage Supply Chain Construction Marketing 440

Housing Wire

MAY 10, 2023

Mortgage Loan types According to the MBA, refinancing applications jumped 10% from the previous week but were 44% lower than the same week one year ago. Refinance activity jumped to its highest levels since September 2022, although there is only a small pool of borrowers who can benefit from refinancing with rates at these levels.”

Mortgage 381

Mortgage Retail Inventory Buyers 381

Housing Wire

DECEMBER 2, 2022

The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. This will be important to think about going into 2023, especially if the labor market does what the Federal Reserve wants it to do, which is slow down enough to create a job loss recession.

Marketing 508

Marketing Transportation Retail Mortgage 508

Housing Wire

AUGUST 5, 2022

On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. 9, 2020, I knew one data line would lag the most: jobs! Feb 2020: 152,504,000 July 2022: 152,536,000. Below is a breakdown of the jobs created.

Development 545

Development Housing Market Marketing Business 545

Housing Wire

MAY 3, 2024

Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected. After last month’s jobs report, I talked about the path the Federal Reserve could take to land the plane based on wage growth data slowing down and getting closer to the Fed’s model.

Marketing 490

Marketing Mortgage Transportation Housing Market 490

Housing Wire

APRIL 9, 2023

The 10-year yield finally broke below a critical technical level it had difficulty breaking for many months and we had a very small increase in inventory. Here’s a quick rundown of the last week: Mortgage rates fell last week as the 10-year yield broke lower for the first time since the significant rise in rates last year.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

Housing Wire

FEBRUARY 14, 2022

Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I I started at Redfin 12 years ago,” she said. And in 2017, I decided to go on full-time as a lead agent.”. It is high-volume work,” Alipour recalled. But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations.

Business 370

Business Brokerage Real Estate Agent Agents 370

Housing Wire

FEBRUARY 4, 2022

Today, the Bureau of Labor Statistics reported that 467,000 jobs were created in January. This was a big surprise as some people, including me, thought the rise in the number of sick days being reported could impact this month’s job report. Job openings are now near 11 million, as the U.S., Jobless claims data looks very solid.

Construction 422

Construction Retail Mortgage Marketing 422

Housing Wire

OCTOBER 27, 2022

Traditionally, when economic data gets better, the 10-year yield sells off and yields go up with mortgage rates. Similarly, when economic data gets weaker, the 10-year yield falls and so do mortgage rates. 10-year yield While the headline inflation data is cooling off its torrid pace, the core side of the equation is still rising.

Mortgage 542

Mortgage Housing Market Marketing Construction 542

Housing Wire

JANUARY 7, 2022

Today, the Bureau of Labor Statistics reported that 199,000 jobs were created in December — a miss from estimates. They also reported we had 141,000 in positive revisions to the previous jobs report. and we had another big print from the household survey which showed 651,000 jobs gained. unemployment rate!

Mortgage 528

Mortgage Construction Retail Marketing 528

Housing Wire

DECEMBER 19, 2022

However, even Louisville’s active housing market has slowed down recently. “I Interest rates going up has slowed the market down a little bit, which we needed — it was unsustainable the way it was going.”. “It We have seen tremendous growth,” Mike Wood, a local RE/MAX agent, said. Reno, Nevada. Destin, Florida.

Marketing 390

Marketing Inventory Buyers Housing Market 390

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

DECEMBER 14, 2021

What will the 2022 Seattle/King County housing market offer? Here are three consensus predictions: Interest rates will rise as much as a full percentage point by the end of 2022. Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. When he got to Big Sur, he said the land spoke to him.”

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Is there room for more improvement? To read more, click here. My comments: Links to Part 1 and 2 are in the first line of the post.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Will Springer Realtor

NOVEMBER 14, 2023

New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. lower (1788) than in September but they have maintained their double-digit declines over the 12 months, down 13%. since September and dropped 14% YoY. in September. Closed sales fell 0.9% Overall, there are 1.9

Inventory 36

Inventory Buyers Sellers New Listings 36

Appraisal Today

FEBRUARY 9, 2024

Bradley, SRA, CDEI In September of 2015, FHA revised Handbook 4000.1 How does the FHA define appliances? By Daniel A. To read more, Click Here My comments: Worth reading if you do FHA appraisals. Short and understandable. I did FHA appraisals for a few years in the mid-80s. Acre lot, built in 2023 as a spec home.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Will Springer Realtor

OCTOBER 11, 2023

Scholars have called zoning laws a “straitjacket” on housing growth, an impediment to improving our personal and public economic health. Constraints on housing creation, especially among so-called starter homes, arguably limit the number of workers who can access high-producing jobs. Zoning laws in the U.S.

Law 36

Law Development Design Government 36

Will Springer Realtor

MAY 9, 2022

As a wave of new jobs approaches the Eastside, where are they going to live? The job numbers are staggering. For many, it won’t be within close distance of the area’s booming office expansion. Amazon alone is promising to fill 25,000 positions east of Lake Washington in the next few years. million sq. million sq. million sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

The good news comes from major national builders who have shared their forecasts for growth in the coming years. and another 10% boost in 2022. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. in the last 12 months.

Construction 36

Construction Inventory Buyers Real Estate 36