Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Inventory Marketing Housing Market New Listings 464

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 for the quarter, down 29% year over year, and a $45.9

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Housing Market Marketing Investors Development 393

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Inventory Renovations Real Estate Government 457

Housing Wire

JULY 7, 2022

We are in a unique moment in the history of housing. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. 2022 State of the Mortgage Industry: Affordability and Inventory. Inventory rising, historically low.

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Inventory Marketing Mortgage Supply Chain 393

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 382

Housing Market Renovations Marketing Retail 382

Housing Wire

SEPTEMBER 27, 2023

Surveyed professionals also pointed to finding investor clients and have had success with products such as non-qualified mortgages ( non-QM s), down payment assistance programs (DPAs) and home equity line of credits ( HELOC s). Home price gains hit a new high , rising 0.6% Roughly 47.4% are pessimistic and 14.1% are optimistic.

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Housing Market Mortgage Marketing Inventory 414

Housing Wire

JANUARY 29, 2024

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. How close are we from being done?

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Housing Market Marketing Mortgage Investors 450

Housing Wire

MARCH 5, 2024

Meanwhile, inventory levels have shown year-over-year growth despite the prevailing high mortgage rates. Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. Between Feb. Between Feb.

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Mortgage Inventory Sellers Investors 450

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

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Realtors Housing Market Marketing Buyers 393

Housing Wire

DECEMBER 13, 2022

It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. Forward thinkers are seeing the bright side of a slower housing market and capitalizing on this time to prepare for a future when the housing market is hot again.

Housing Market 393

Housing Market Marketing Supply Chain Inventory 393

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

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

FEBRUARY 15, 2024

“We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. 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.

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Business Advertising Inventory Contracts 413

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

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Housing Market Marketing Agents Real Estate 382

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S.

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Inventory Housing Market Marketing Realtors 506

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market 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. Today, the average is 2.7

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Realtors Buyers Inventory Sellers 424

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.”

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Inventory New Listings Housing Market Sellers 525

Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. million units sold.

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Mortgage Inventory Housing Market Realtors 442

Housing Wire

MARCH 9, 2022

On a call with investors Tuesday evening, CEO Josh Harley said the firm is looking to achieve profitability “in the near future.”. “A Frenegal told investors that the overall attach rate for all of Fathom’s ancillary services was 5-6% and that they hope to increase this to 10% in the next 12-18 months.

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Inventory Brokerage Realty Real Estate 370

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The market is currently transitioning from record low interest rates to a more normalized environment.”.

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Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

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Mortgage Inventory Retail Construction 527

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. 2022 purchase application data will be the first year where this index has declined since 2014. HousingWire: Circling back to inventory, what is inventory data reflecting and how important is it to homebuyers? Once we hit 1.52-1.93

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Inventory Investors Retail Housing Market 370

Housing Wire

AUGUST 9, 2023

Even with the uncertainty of where the housing market and mortgage rates are headed in the next few months, Nolan said this underlying demand makes him feel cautiously optimistic about the future of the real estate industry as a whole. This positioned us well given the low inventory coming into 2023.”

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Insurance Housing Market Inventory Real Estate 370

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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Inventory Housing Market New Listings Mortgage 450

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. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

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Finance Marketing Renovations Investors 370

Mashvisor

JULY 1, 2022

In the past few years, the housing inventory saw some of its biggest shortages, shaping the entire housing market across the US. But is it recovering in 2022? Table of…

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Inventory Housing Market Marketing Real Estate 69

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.

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Buyers Realtors Inventory Sellers 471

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. “The largest, undisrupted market in the U.S.,” presentation slide for investors in the SPAC that took it public, also in 2020. By the time it sold its final home in September 2022, the division had lost more than $1.5

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Marketing Inventory Renovations Investors 414

Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Buyer demand continued.

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Housing Market Marketing Inventory Real Estate 78

Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

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Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

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Mortgage Marketing Investors Lending 404

Housing Wire

APRIL 28, 2023

For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023. The title segment also saw its pretax operating income fall from $81 million during the first quarter of 2022 to $17 million in the first quarter of this year. year over year to $583.2

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Insurance Real Estate Inventory Investors 381

Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. s quarter one earnings just as the stock markets opened early Thursday morning. At the same time, Realogy’s CEO noted that the housing market is still pretty good – at least if you’re not a consumer trying to buy a home.

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Housing Wire

APRIL 6, 2023

Investors are preparing for Friday’s job report, anticipating signs of a slowing economy in light of February’s job openings and labor turnover report, which showed falling job openings,” Hannah Jones , Realtor.com ’s economic data analyst, said in a statement. Job openings decreased to 9.9 Bureau of Labor Statistics published Tuesday.

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Mortgage Investors Buyers Inventory 457