Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Inventory Housing Market Marketing Mortgage 448

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change.

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Housing Market Marketing Inventory Buyers 368

Housing Wire

DECEMBER 20, 2022

The economy improved in the second quarter of 2022, but don’t fool yourself. The housing market will continue to slow down in 2023 , even though mortgage rates have declined recently. in 2022 and drop 0.5% in 2022 and drop 0.5% So what does it mean for the housing market ? . decline next year. .

Housing Market 348

Housing Market Marketing Contracts Mortgage 348

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. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022.

Housing Market 363

Housing Market Marketing Contracts Lending 363

Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 391

Realtors Housing Market Marketing Buyers 391

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. It is just a super tight housing market. All of these tactics are new to those in the Austin area Van Dyke said, but wouldn’t be surprising to those used to competitive housing markets elsewhere.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. compared to December 2021.

Contracts 421

Contracts Realtors Mortgage Buyers 421

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. of homes are valued lower than the contract price.

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Appraisal Valuation Modernization Contracts 397

Housing Wire

SEPTEMBER 28, 2023

below the August 2022 level. An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It

Housing Market 445

Housing Market Contracts Government Buyers 445

Housing Wire

JANUARY 13, 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. 2022 marked a unique time for homebuilders. of builders showed profitability with $1 million plus contracts on average.

Marketing 460

Marketing Contracts Supply Chain Project Management 460

Housing Wire

JULY 28, 2022

through the rest of 2022. There is a tug-of-war in market expectations, between the persistently high inflation numbers and resulting rapid Fed hikes, and the increasing risk of a sharp slowdown and possible recession,” said Mike Fratantoni, senior vice president and chief economist for the MBA.

Housing Market 305

Housing Market Marketing Loan Officers Buyers 305

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Compared to 2022, NAR expects the sale of new homes to grow by 4.5% Lastly, they predict that housing starts will drop by 10.4% in 2024, to $445,800.

Inventory 380

Inventory Contracts Housing Market Realtors 380

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022.

Contracts 297

Contracts Realtors Home Value Housing Market 297

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

APRIL 15, 2021

Brian Hommel, owner of Saugerties-based Brian Hommel Home Improvement , said his company is booked until September 2022 — and most clients are fine taking the appointments that late. ” The post Kingston is latest hot housing market for those leaving NYC appeared first on HousingWire. .

Housing Market 397

Housing Market Marketing Transportation Realty 397

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory 362

Inventory Housing Market Contracts Government 362

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 365

Technology Contracts Insurance Government 365

Housing Wire

FEBRUARY 15, 2024

billion net loss in 2022 due to the drastic housing market slowdown in the second half of the year, Opendoor greatly curtailed its spending and home acquisition speed in 2023. Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022.

Business 346

Business Advertising Inventory Contracts 346

Housing Wire

MARCH 10, 2023

Despite the housing market cool down , homeowners with mortgages , which accounts for roughly 63% of all properties, gained $1 trillion in equity between the fourth quarter of 2021 and the fourth quarter of 2022, according to a report released Thursday by CoreLogic. of all mortgage properties in the fourth quarter of 2022.

Contracts 344

Contracts Housing Market Mortgage Marketing 344

Housing Wire

OCTOBER 31, 2023

The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that the August data includes homes that went into contract in June. With the increasing cost of mortgages, the monthly payment for a typical homebuyer jumped by $1,000 since March 2022, Sturtevant said.

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Inventory Housing Market Contracts Realtors 463

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. With such a rapidly changing market it can be difficult to know what to do. How do we know the housing market is shifting? First off, how do we know the housing market is shifting?

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

AUGUST 3, 2023

The firm’s revenues came in at $2 billion in the second quarter of 2023, down 37% compared to the previous quarter and 53% related to 2Q 2022. Total operating expenses declined to $217 million, compared to $294 million in Q1 2023 and $454 million in Q2 2022. housing market,” Wheeler said.

Inventory 336

Inventory Contracts Sellers Housing Market 336

Housing Wire

JANUARY 31, 2023

decline since the market peaked in June 2022,” Craig J. These declines, of course, came after very strong price increases in late 2021 and the first half of 2022. Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) to a reading of 313.07.

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Housing Market Contracts Buyers Marketing 398

Housing Wire

OCTOBER 12, 2022

The news that job growth and wage growth continued in September is positive for the housing market, as higher incomes support housing demand,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement. The average contract interest rate for 5/1 ARMs increased to 5.56% from 5.36% in the same period.

Mortgage 387

Mortgage Contracts Housing Market Marketing 387

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market 416

Housing Market Realtors Contracts Buyers 416

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% However, even as existing home sales fell 17.8% below its June peak.

Inventory 387

Inventory Housing Market Contracts Realtors 387

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

JANUARY 2, 2023

These declines, of course, came after very strong price increases in late 2021 and the first half of 2022,” Craig Lazzara, the managing director of S&P DJI , said in a statement. All 20 cities analyzed posted lower price increase in the year ending October 2022 as compared to the year ending September 2022.

Home Value 385

Home Value Housing Market Contracts Sellers 385

Housing Wire

DECEMBER 23, 2022

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting.

Contracts 366

Contracts Inventory Housing Market Development 366

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. lower than October 2022 when inventory was at 1.22 months in October 2022.

Inventory 398

Inventory Realtors New Listings Contracts 398

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . million units in 2022, up from 5.67

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Mortgage Housing Market Retail Contracts 410

Housing Wire

DECEMBER 10, 2020

By 2021, that number will decrease to 18%, then continue to decrease in 2022 to 12%. “I In October, homebuyer traffic increased 32% year over year, while pending contracts increased 20% year over year. And to our surprise, the housing market not only recovered and then some, roaring past the pre-pandemic activity levels.”.

Real Estate 492

Real Estate Realtors Housing Market Contracts 492

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Buyers 477

Buyers Realtors Inventory Sellers 477

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19 million units.

Contracts 357

Contracts Realtors Inventory Marketing 357

Birmingham Appraisal

MAY 11, 2022

So How’s The Birmingham Housing Market? With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. A shocking stat to me was the steep increase in median prices for the month of March from 2017 to 2022. Days on Market.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. billion for the year from $44 billion in 2022. billion in 2022, a 40% decline. Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space. billion from $4.2

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Mortgage Lending Retail Business 393