Housing Wire

JANUARY 13, 2024

5-12) : Inventory rose from 499,143 to 505,223 Same week last year (Jan. As you can see, we are still a bit away from my ultimate goal of having total active listings back to 2019 levels. However, this data line accelerates when mortgage rates rise and demand gets hit harder. 2022 21.7% 2022 21.7%

Inventory 531

Inventory New Listings Retail Mortgage 531

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. It’s essential to think about rates in this light.

Inventory 534

Inventory Mortgage New Listings Buyers 534

Housing Wire

NOVEMBER 22, 2023

The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The sales boom that followed the onset of the pandemic caused the months’ supply of new homes to fall roughly 40% from September 2019 levels, inviting builders to bring more units to market. 2019 level.

Inventory 454

Inventory Home Value Housing Market Buyers 454

Housing Wire

DECEMBER 30, 2023

We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. 9, 2022, and they’ll be ready for what’s coming next. So today’s tracker is focused on 2023, the inventory data, and how different this year was from 2022.

Inventory 510

Inventory New Listings Housing Market Mortgage 510

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. Purchase originations are forecast to increase 11% to $1.47

Mortgage 488

Mortgage Marketing Inventory Technology 488

Housing Wire

APRIL 10, 2023

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. before dropping to 6.4%

Marketing 380

Marketing Insurance Housing Market Mortgage 380

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. New listings data fell, however, active inventory grew. And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. Purchase application data fell 4.8%

Housing Market 493

Housing Market Marketing Inventory New Listings 493

Housing Wire

OCTOBER 5, 2020

Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. Nevertheless, August’s upward tick marked the mildest increase in five months – suggesting 90-day mortgage delinquencies could be nearing their peak.

Mortgage 442

Mortgage Housing Market Marketing 442

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was driven by the purchases index falling 3.3% Concurrently, the refi index increased 2.2% from the week prior.

Mortgage 392

Mortgage Marketing Contracts Inventory 392

Housing Wire

FEBRUARY 22, 2023

It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application data is showing that mortgage demand is dropping due to mortgage rates climbing back up.

Mortgage 369

Mortgage Retail Investors Marketing 369

Housing Wire

OCTOBER 12, 2022

Sacramento, California-based mortgage lender Summit Funding Inc. Todd Scrima, the company’s CEO, founded the mortgage lender in 1995. The company offers conventional, FHA, VA, USDA, jumbo and reverse mortgages. . The company offers conventional, FHA, VA, USDA, jumbo and reverse mortgages. . The layoff, set for Nov.

Human Resources 401

Human Resources Loan Officers Mortgage Development 401

Housing Wire

JULY 7, 2023

This increase is slightly under the average monthly gain of 341,000 jobs over the past 12 months. The unemployment rate changed little at 3.6%, compared to 3.7% in May, with the total number of unemployed persons falling to 6 million. The unemployment rate has remained between 3.4% since March 2022.

Construction 368

Construction Renovations Government Inventory 368

Housing Wire

SEPTEMBER 1, 2023

The pace of hiring continued to cool in August, with job gains of 187,000, which is lower than both the 204,000 monthly average for the previous six months and the 399,000 average of 2022, said Realtor.com Chief Economist Danielle Hale. It is a low rate by historical standards, but is at its highest level since February 2022.

Construction 391

Construction Housing Market Marketing Mortgage 391

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. .

Retail 478

Retail Sellers Buyers Market Value 478

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. Investors assessed the state of the U.S. The following day, the U.S.

Mortgage 366

Mortgage Inventory Government Buyers 366

Housing Wire

JULY 12, 2023

annual increase in May , the CPI rose just 3.0% This is the smallest 12-month increase since the year ending March 2021 and the 12th consecutive month of inflation declines. Indexes that increased in June include shelter, motor vehicle insurance, apparel, recreation, and personal care. After recording a 4.0%

Insurance 345

Insurance Construction Tools Realtors 345

Housing Wire

JANUARY 12, 2023

A slowdown in the pace of inflation is welcome news after the Federal Reserve raised interest rates to the highest level in over a decade. That is the smallest 12-month increase since the year ending in October 2021, according to data released Thursday by the Bureau of Labor Statistics (BLS). The CPI fell 0.1% in November.

Sellers 371

Sellers Buyers Insurance Housing Market 371

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. In addition to the slower month-over-month job growth, the unemployment rate also rose from 3.4% The unemployment rate increased to 3.6 in January to 3.6%

Construction 360

Construction Real Estate Housing Market Retail 360

Housing Wire

MARCH 2, 2023

According to Mike Simonsen, the president of Altos Research , to see housing inventory fall throughout February, as it has this year, is pretty unusual. But in 2020 through 2022, buyers came out quickly after the new year and inventory didn’t hit bottom until much later in the spring.” What happened to ‘normal’?

Real Estate Agent 393

Real Estate Agent Inventory Real Estate Agents 393

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 381

Marketing Investing Mortgage Investors 381

Housing Wire

OCTOBER 31, 2022

Given the current volatile mortgage rate environment and related slowdown in homebuyer demand , it was no surprise that all three firms recorded weaker financial results compared to the same quarter a year ago. . billion and net income fell from $445 million in Q3 2021 to $2 million in Q3 2022. year over year to $968.1

Insurance 363

Insurance Marketing Investors Investing 363

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Renovations 403

Renovations Realtors Construction Mortgage 403

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . Some three dozen non-QM securitizations sponsored by about two dozen different entities have made their way to bond-rating firms so far in 2022.

Lending 370

Lending Investors Mortgage Business 370

DW Slater Company

JANUARY 29, 2022

Ready or not 2022 is here! The ingredients for this appreciation were record low supply, high demand as the pandemic created a need for change for many, and historically low mortgage interest rates which have remained below 4% since April of 2019. Since January the rates have begun to rise. May we all have a good 2022 !

Real Estate 103

Real Estate Appraisal Market Value Construction 103

Housing Wire

MAY 5, 2022

And these low vacancies have caused rental rates to accelerate at an unprecedented pace, with asking prices soaring 17% year-over-year according to RealPage , making homeownership more economical in many markets across the country. Purchases using an FHA loan, often an indicator of first-time buyer activity, were down to 7.3%

Housing Market 370

Housing Market Marketing Inventory Buyers 370

Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. Date: November 8-10, 2024 Location: Boston, MA Ticket Price: Rates are not yet listed, but should be soon.

Real Estate 391

Real Estate Realtors Agents Real Estate Agent 391

DW Slater Company

SEPTEMBER 29, 2022

If you have been subscribing to this newsletter or just following the housing market in North Texas then you are aware of the very high appreciation rates and construction boom that has been happening here. Just as things began to start to level off, 2021 and 2022 exploded. As the rates climb, buyer power is diminishing.

Mortgage 132

Mortgage Housing Market Appraisal Real Estate 132

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. A few comments: “Appraisal Management Companies are destroying our profession.”. Appraisers are the “truth tellers” in this process.

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

Mortgage 383

Mortgage Government Contracts Insurance 383

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Next year, mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, according to NAR’s forecast. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

Appraisal 76

Appraisal Contracts Business Construction 76

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. With those two factors still very much in play, here is my 2022 forecast. The 10-year yield and mortgage rates.

Housing Market 543

Housing Market Inventory Mortgage Marketing 543

Will Springer Realtor

JUNE 28, 2022

Only 12 months or so ago, an unprecedented number of Seattle/King County buyers took advantage of historically low interest rates to scoop up new homes. Rising interest rates – among other developments – have helped cause our Great Deceleration. But what drives those rates? What a difference a year makes!

Mortgage 66

Mortgage Investors Development Buyers 66

Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. The sellers originally bought the land for $12 million back in 2010.

Appraisal 88

Appraisal Real Estate Contracts Business 88