Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I While some properties are sitting on the market longer, Smith noted that those in good condition, priced well and in a desirable location are still selling quickly. “I

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Housing Wire

JUNE 26, 2023

Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022. In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings.

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Housing Wire

MARCH 25, 2024

According to a Freddie Ma c housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden. Homeowners insurance costs, though still much smaller than mortgage principal and interest payments, are on the rise.

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Housing Wire

DECEMBER 12, 2023

Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae ‘s latest national flood survey showed. Fannie Mae conducted an online survey in late 2022 among a national panel sample whose addresses were in or near a Federal Emergency Management Agency ( FEMA ) defined flood zone.

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Housing Wire

APRIL 26, 2024

That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. In Texas and Florida , however, key market signals show diverging trends. Rising costs for homeowners insurance are also playing a part in sagging affordability. Redfin reported that among the 10 U.S. from 2018 to 2023.

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Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market.

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Housing Wire

OCTOBER 11, 2023

As Megan Hernandez, ALTA’s director of marketing and public relations put it, “he was due for a glow up.” “We We wanted to craft a brand that is impossible to ignore,” Jack Rattikin III, ALTA’s 2022-2023 president, told attendees gathered in The Broadmoor’s International Center.

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Housing Wire

MAY 2, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The impact on housing markets. Additionally, after a decline at the end of 2021, we continue to see elevated levels of investor activity in 2022.

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Housing Wire

JUNE 18, 2023

9, 2022 , this data has been forming a bottom-end range. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. 9 is a critical date because that’s when the housing market turned. I explain how this happened in this recent podcast. 6% for a year.

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Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

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Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down.

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Housing Wire

SEPTEMBER 19, 2023

billion in title insurance premiums, down from $6.21 billion from a year ago, according to the American Land Title Association’s Market Share Analysis , released Monday. The same five states held the top spots in Q1 2022. Top underwriters for the quarter by market share included First American Title insurance Co.

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Housing Wire

MAY 28, 2023

Louis Fed : Initial claims for unemployment insurance benefits increased by 4,000 in the week ended May 20, to 229,000. Weekly housing inventory The growth in active listing inventory has been tepid this year. The housing market moves with the 10-year yield , so watching this is critical. From the St. Starting on Nov.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level. While the labor market is getting less tight, it’s not broken yet.

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Housing Wire

MAY 7, 2023

New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. Since the second half of 2022, after the big spike in mortgage rates , this data line hasn’t gotten much traction. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. That is no longer the case after the second half of 2022. From the St.

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Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! In the second half of 2022, mortgage rates spiked toward 7.37%, and new listings started to trend negative as some people gave up listing their homes with rates so high. New listings data fell, however, active inventory grew. From the St.

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Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. While the century-old firm, which is celebrating its 100 th anniversary in 2023, did generate net income for both the fourth quarter of 2022 as well as for the year as a whole, it was down substantially last year.

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Housing Wire

JULY 30, 2023

As the chart below shows, new listing data has been trending below 2021 and 2022 levels for some time now and is trending at the lowest levels ever. Louis Fed : Initial claims for unemployment insurance benefits declined by 7,000 in the week ended July 22 to 221,000. 9, 2022 , it’s been 21 positive prints versus 14 negative prints.

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Housing Wire

JUNE 11, 2023

It’s not like we are using a high bar for comps; 2022 had the lowest inventory ever recorded, and we still have a good shot of showing some negative year-over-year inventory prints soon. inventory saga: after mortgage rates spiked above 6% in 2022, that jump-started the unhealthy reality of new listing data trending negative year over year.

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Housing Wire

JUNE 25, 2023

So, it shouldn’t be a shock that as soon as housing demand just stabilized, we ran into some negative year-over-year data. In addition, new listing data turned negative year over year after the second half of 2022. The data shows a noticeable decline year over year, and 2021/2022 were already working from all-time lows.

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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 Wire

JANUARY 9, 2023

Both pose threats to access to capital, the cost of materials and labor, and future housing values. With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. as of November 2022.

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Housing Wire

DECEMBER 22, 2022

2022 has been filled with discussions on homeownership affordability challenges for good reason. On the surface, these factors might make the outlook for the housing market look bleak, particularly for first-time homebuyers. increase from May 2021 to May 2022. All of these statistics, however, tell only part of the story.

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Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. in March 2022 to 4.5%

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Housing Wire

MARCH 8, 2024

According to the Insurance Bureau of Canada , roughly 1.5 million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones. In addition, Canada doesn’t have a national flood insurance program. In the U.S.,

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Housing Wire

JUNE 4, 2023

One big reason for this lack of inventory growth has been new listing data, which has trended at all-time lows since the second half of 2022, continuing into 2023. With so few new listings and stable housing demand, it’s been hard getting much of a kick in inventory growth. From the St.

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Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. million in Q1 2022. billion, and pre-tax income coming in at $88.2 million compared to $219.5

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Housing Wire

FEBRUARY 21, 2023

A longer-term fight against inflation lowers the likelihood of sustainable good news in the housing market and raises the risk of a coming recession. Opendoor lost an average of $6,000 on Q4 2022 flips, down from an average gain of nearly $16,000 per property for homes flipped in Q4 2021.

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Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. “I

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Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” trillion in 2022 and $2.17

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Housing Wire

FEBRUARY 3, 2022

Freddie Mac recently announced that its credit-risk transfer (CRT) program is projecting note-issuance volume of at least $25 billion in 2022. STACR 2022-DNA1 involves a $1.4 In the second offering, STACR 2022-DNA2, Freddie is issuing a $1.9 UWM also was the leading originator in the second STACR deal of 2022, at 9.1%

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

FEBRUARY 23, 2023

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. For the full year 2022, Fidelity’s title segment recorded revenue of $9.5

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Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. The culling.

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Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. The following profiles for our 2022 honorees include the origin stories of 100 industry elites who continue to have a major impact on the housing landscape. Matic Insurance. Company Name.

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