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. For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4

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Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. What a great way to receive referrals for life!

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Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. Department of Housing and Urban Development (HUD) in August 2022.

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Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

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Housing Wire

JANUARY 26, 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. That’s the state of the real estate market as we move into the new year, so the answers to those questions will determine the fate of real estate investors in 2022.

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Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

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Housing Wire

AUGUST 10, 2022

During the second quarter of 2022 , the title underwriter earned $124 million in revenue, down from the $130 million recorded a year ago, but up 10% from the previous quarter. Despite recording yet another quarter with a net loss, Doma executives remain steadfastly committed to reaching profitability by the end of 2023. million up from $23.3

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Housing Wire

JUNE 1, 2022

With the current cost of origination, combined with higher interest rates and low housing inventory on the horizon, the MBA reports that 2022 is likely to see about a 30% decline in overall mortgage originations, as compared to 2021. The ALTA Registry identifies title and settlement companies that can perform RON closings.

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Housing Wire

SEPTEMBER 16, 2021

by the end of 2021, and likely dropping below 4% by the end of 2022. The foreclosure inventory rate, the percentage of outstanding loans that were in the foreclosure process at the end of the second quarter, dropped to 51 basis points, the lowest foreclosure inventory rate since 1981. Exhibit 4. This represents about 1.5

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Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

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Housing Wire

SEPTEMBER 14, 2023

Department of Housing and Urban Development ( HUD ) called FHA Connection, a database used to insure and generate FHA case numbers associated with the borrower’s home loan application. of the entire mortgage origination volume, up from 18% in Q2 2022, according to data compiled by Inside Mortgage Finance and Urban Institute.

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Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That started in Q4 of 2022, so it’s been about six quarters at this point, and we predicted it would last 24 to 26 months,” Salmanson added. “So,

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Quicken Loans

MAY 5, 2022

Very high inventories along with lots of imports relative to what we export were largely responsible for bringing down the number. However, high imports and decreasing inventory relative to what it had been means that Americans are buying plenty, which ultimately is a good sign. to 0.75% – 1%. That’s going to push up interest rates.

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Listing Spark

OCTOBER 13, 2022

00:02:50] Peaking into the Fall 2022 Austin housing market. The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. Episode highlights. Key takeaways. [00:02:50]

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Housing Wire

JANUARY 10, 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. In addition, more for-sale inventory will likely be available on the market. More home sales and higher prices will lead to a rise in home-purchase originations in 2022.

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Housing Wire

MAY 2, 2022

While housing market trends in the first quarter of 2022 resembled the previous year’s trend — buyer frenzy, homes selling over the asking price and continued home price appreciation — much has changed in the spring, which will impact some of the previously forecasted scenarios. In March, investors made up 28% of single-family home purchases.

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The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. in Q3 of 2022 and rents increased by 25% year-over-year. Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. in the same quarter, along with increased demand.

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Housing Wire

DECEMBER 2, 2021

Lenders can certainly make any loan product from Fannie Mae or Freddie Mac, or for that matter any government-insured loan product, available to their borrowers. What they can’t do is create more inventory to sell them. As we move into 2022, purchase money mortgage loan business will be the only avenue for growth. Or can they?

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Housing Wire

AUGUST 15, 2023

That share, however, is set against the backdrop of overall nonagency originations and RMBS issuance being down considerably over the first six months of this year, compared to 2022 levels. We’re about 50%, owner-occupied bank-statement loans, and about 50% DSCR [debt-service coverage ratio] or investor [rental-property] loans,” Lind said.

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Housing Wire

MARCH 10, 2022

On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process. Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed.

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Housing Wire

AUGUST 9, 2023

1 when it came to jumbo originations in 2022, with $28.7 Pontiac, Michigan-based United Wholesale Mortgage was the only nonbank on the list, in the ninth position with $7 billion in volume in 2022. billion in the first quarter was down 43% compared to the previous quarter and 79% compared to the same period in 2022.

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Listing Spark

DECEMBER 15, 2022

In this episode, we’ll learn more about his approach, how he finds and closes deals, and best practices for working with banks and private investors. What tools and services investors should use if they want to get into owner financing. What to expect in the real estate market at the end of 2022. Episode highlights.

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Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

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Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) billion in 2022, down 41.3% from June 2022.

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Housing Wire

APRIL 11, 2022

On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process. Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Commercial Real Estate Sales.

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Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. As the market has shifted, however, with mortgage rates rising in 2022 faster than forecast and lenders quickly cutting costs, some tech providers now are left vulnerable.

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Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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Housing Wire

MARCH 28, 2022

in 2022, representing a decline in volume from $3.9 trillion in 2022. Now is the time for lenders to take inventory of businesses that have referred borrowers and also evaluate the landscape of the prospective real estate agents, builders, insurance agents, financial advisers and settlement partners operating in the local market.

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D Fritz Appraisals

JULY 7, 2021

According to Industry Experts, Housing Prices May Fall in 2022. Thankfully, according to numerous reports from financial analysts, this overinflated housing bubble has begun to shrink in metro areas and will continue to shrink in 2022. There Were Major Price Increases in Single-Family Housing and Multi-Family Housing in 2021.

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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. All-cash sales made up 25% of transactions in May, with 16% coming from individual investors or second-home buyers taking advantage of the rising demand for renting, according to the NAR.

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Houston Properties

JANUARY 13, 2021

On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. We believe the bill won’t come due in 2021 and potentially not in 2022 either. The market will see an influx of price drops and hikes due to low inventory and high demand.

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Lamacchia Realty

NOVEMBER 27, 2023

In October 2023, we again saw increases in new listings and active inventory. Average sales price for both single-family and condos/townhomes remain well above 2022. but so is availability as inventory has struggled to keep up with buyer demand, especially in a high-demand area like South Florida. sometimes change is inevitable!

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Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Economists and investors have been upbeat about how the employment picture has remained mostly resilient in the wake of economic headwinds. “Pent-up sellers cannot wait any longer.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. I had appraised many of the homes that burned down.

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Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. last month.

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Will Springer Realtor

NOVEMBER 12, 2021

are 64% more expensive now than in 2016 and are reduced in number by more than half today: “I expect the inventory of starter homes to remain extremely tight, especially in desirable smaller markets,” Ali Wolf, chief economist at the building consultancy Zonda, told realtor.com. >> Investors purchased 15.4% by the end of 2022.

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