Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. The spring housing market music is playing, and purchase application data and active listing inventory rose together last week.

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

JULY 8, 2022

What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? The employment-to-population percentage did fall in this report. Even though I retired my America is Back Recovery model on Dec. Let’s look at the U.S. Let’s take a look together.

Construction 514

Construction Housing Market Marketing Government 514

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

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Put those disco pants back in the closet; this isn’t the 1970s, John, and the bond market has been saying this to anyone who would listen. How I look at mortgage rates ties back to where I think the 10-year yield range will be.

Mortgage 429

Mortgage Supply Chain Construction Marketing 429

Housing Wire

AUGUST 5, 2022

When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. I have talked about how job openings would move toward 10 million and that we should get all the jobs we lost to COVID-19 back by September 2022. Feb 2020: 152,504,000 July 2022: 152,536,000. percent, the U.S.

Development 544

Development Housing Market Marketing Business 544

Housing Wire

MAY 6, 2022

string of positive job revisions we’ve seen this year ended with a negative 39,000 print; however, the job report was solid and continued the trend of good reports in 2022. The unemployment rate is at 3.6%, and we are getting closer and closer to my forecast of getting all the jobs lost to COVID-19 by September of 2022.

Transportation 352

Transportation Construction Retail Real Estate 352

Housing Wire

DECEMBER 12, 2022

There are reasons California-based Pennymac may want to forget 2022. The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. in the third quarter of 2022, according to IMF data. year over year.

Marketing 386

Marketing Lending Retail Clients 386

Housing Wire

NOVEMBER 23, 2022

Based on recent data from the Mortgage Bankers Association (MBA) and Stratmor, Cameron said nonbank turnover rates for processors, underwriters and closers were typically in the range of 35% to 50% in the first half of 2022, compared to 18% to 22% for banks. This week’s round of layoffs includes mainly nonbank lenders.

Marketing 359

Marketing Loan Officers Business Mortgage 359

Housing Wire

MAY 16, 2023

Ann Arbor, Michigan-based Home Point Capital did not experience the traditional ceremony to ring the Nasdaq Stock Market bell when the company went public in early 2021. The origination platform that Home Point was so proud of helped Homepoint become the third-largest wholesale mortgage lender in America in 2021 and 2022.

Mortgage 382

Mortgage Lending Business Technology 382

Housing Wire

SEPTEMBER 30, 2022

Consequently, the Federal Reserve increased the federal funds rate by 75 basis points at its Federal Open Market Committee (FOMC) meeting in September. Another 125 basis points in hikes are still to come in 2022, with a federal funds rate topping out well above 4%. The 10-year note went from 3.51% to 3.72% in the same period.

Buyers 454

Buyers Mortgage Loan Officers Retail 454

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Marketing 309

Marketing Investors Mortgage Investing 309

Empire Appraisal Group

AUGUST 3, 2023

NEWS & MEDIA Bilanol/Getty Images Plus Source: [link] Study: Real Estate Hot in Hurricane Ian-Hit Areas By Kerry Smith Storms rarely have a long-term effect on the local real estate market. But in the six months after that, the area had 1,314 more new listings than projected, a number that more than offsetting the shortfall.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Housing Wire

DECEMBER 20, 2021

By that point, his wife, fearing infection, had already decided to resign as a part-time assistant teacher to stay home with their three kids. It took Wilen, 49, about two months to get a new job. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. He is afraid of losing his home.

Mortgage 351

Mortgage Government Contracts Insurance 351

Lamacchia Realty

NOVEMBER 20, 2023

HOMES DO SELL DURING THE HOLIDAYS! Mythbuster: Homes actually DO SELL during the holiday season! Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their In many cases, this is not correct.

Sellers 68

Sellers Inventory Buyers Realty 68

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

Lamacchia Realty

MARCH 7, 2024

This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! February 2024 Winners of the Top 10 for the Company are: Cheryl Perry is an experienced real estate agent based in Massachusetts and Rhode Island.

Realtors 73

Realtors Realty Real Estate Clients 73

Housing Wire

OCTOBER 21, 2022

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. My premise in the summer of 2020 was that a 10-year yield above 1.94% could change the housing market. million in September. Year-over-year, sales waned by 23.8% (down from 6.18

Housing Market 292

Housing Market Inventory New Listings Mortgage 292

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. What’s happening with inventory?

Inventory 487

Inventory Contracts New Listings Mortgage 487

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. The first quarter of 2023 had the lowest number of homes listed in recorded history.

Bracketing 67

Bracketing Marketing Sellers Buyers 67

Housing Wire

AUGUST 7, 2023

Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. As a result, the available inventory of homes for sale is slightly higher each week. Earlier this year, it looked like rates might ease back down a bit, but for a month and a half, they’ve bounced up.

Inventory 313

Inventory New Listings Contracts Buyers 313

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. of the weighting in core CPI, and shelter inflation has the legs in 2022 to keep growing, since this data line lags.

Mortgage 543

Mortgage Housing Market Marketing Construction 543

Housing Wire

OCTOBER 26, 2022

September new home sales beat expectations, but don’t get too excited. While monthly supply rose in this report, the previous reports were all revised lower and sale levels are still historically low. percent) below the September 2021 estimate of 732,000. This is 10.9 percent (±15.2 percent (±15.9

Construction 456

Construction Inventory Contracts Buyers 456

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. But home prices are staying pretty stable even though we can measure a slowdown in the number of homes getting offers. Most years, available inventory of unsold homes on the market peaks in August. Mortgage rates peaked at 7.5% in a few weeks.

Contracts 427

Contracts Inventory Buyers New Listings 427

Housing Wire

JULY 24, 2023

We’re going to start today looking at the pending sales. Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 It’s now obvious to everyone that home prices have held up in 2023 because demand has exceeded the very limited supply of homes to buy.

Inventory 317

Inventory Contracts New Listings Buyers 317

Housing Wire

JULY 17, 2023

In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices. But since January, home buyers have defied all expectations. That’s essentially unchanged from 2022.

Real Estate 315

Real Estate Marketing Inventory Contracts 315

Housing Wire

AUGUST 10, 2023

With regular reports and data coming out on what’s blocking inventory growth, the biggest factors impacting rates and the latest shifts in home sales, there’s a lot of information out there to help you inject more confidence into your business strategy. But, the really painful trend is new listings data.

New Listings 298

New Listings Inventory Business Marketing 298

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 Early in the year , I wrote that if existing home sales stay in a range between 5.84

Inventory 486

Inventory Housing Market Investors Marketing 486

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. ’ Home sellers gave concessions to buyers in 41.9% ’ Home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter.

Appraisal 52

Appraisal Contracts Sellers Business 52

Lamacchia Realty

DECEMBER 6, 2022

has released their “Top Producing REALTORS®,” for November 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Eileen qualified for the 2022 President’s Club and the 2022 President’s Club ELITE!

Realtors 68

Realtors Realty Real Estate Clients 68

Lamacchia Realty

MAY 5, 2022

has released their “Top Producing REALTORS®,” for April 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Kelly was named in the Boston Agent Magazine’s Who’s Who 2022 edition !

Realtors 66

Realtors Realty Real Estate Clients 66

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Lamacchia Realty

DECEMBER 28, 2022

In my predictions for 2022 I had put one last sentence at the end of my final paragraph that stated: “Bottom line, my prediction for 2022 is simple. It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Clear Capital

OCTOBER 1, 2022

The September 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 4.2 Home price appreciation cooled again in September as the Clear Capital Home Data Index rose 4.2% Tucson remained strong, with 19% home price appreciation. QoQ and 17.8%

Marketing 36

Marketing Real Estate Housing Market Mortgage 36

Lamacchia Realty

APRIL 15, 2022

week supply of homes for sale. We will tell them how after the once-in-a-century pandemic , the average home sale price increased dramatically. So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December.

Marketing 67

Marketing Sellers Buyers Inventory 67

Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Compounding the financial squeeze, home prices have risen in many cities outside Seattle. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

Inventory 36

Inventory Buyers Sellers New Listings 36

Empire Appraisal Group

OCTOBER 28, 2021

Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history. But … home price growth will decelerate in the coming year, experts predict. That leads to the inevitable question: Will history repeat itself? The short answer?

Inventory 78

Inventory Housing Market Construction Real Estate 78