Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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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

JUNE 28, 2022

in the previous month… Nine of the 20 cities reported higher price increases in the year ending April 2022 versus the year ending March 2022. This data line lags the current housing market as it’s a few months old. Also, certain investors felt no fear post-2020. The 20-City Composite posted a 21.2%

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

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Marketing Mortgage Investors Sellers 424

Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. “The Investor-related loans are also seeing an increase, Lind said.

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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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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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Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million sales print on Wednesday is in line with my 2022 forecast sales range between 5.74 2014 was the last year total inventory grew.

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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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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

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

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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. Given the success of our early testing, we expect to deploy it in two markets within the next year.”

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market.

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Mortgage Marketing Retail Lending 519

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. Inventory is always seasonal. Today inventory levels are at 1.02

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Housing Market Marketing Inventory Realtors 521

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

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 We believe that this should allow us to capture market share from real estate with old, traditional commission models.”. No matter what the market holds, we believe our model is positioned to win.”.

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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

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Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. One such measure is who is entering the market. Today, the average is 2.7

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Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. America’s fix-and-flip short-term property market is estimated to be worth as much as $68 billion a year, according to F2 Finance.

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Finance Marketing Lending Inventory 370

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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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

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.

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Housing Wire

MAY 24, 2022

economy fueled by inflation, international tensions and rising mortgage rates , the private-label securities (PLS) market recorded a strong first quarter, at nearly $43 billion in issuance, and is projected to finish 2022 with record volume. Despite the turbulence in the U.S. The report focuses on so-called RMBS 2.0

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Marketing Investors Mortgage Investing 382

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.”

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Housing Wire

OCTOBER 28, 2021

Throughout 2020 and 2021 we have seen skyrocketing loan volumes resulting from historically low rates, spiking investor activity and a large cohort of available first-time homebuyers. With no slowdown in sight, the pressure to maintain market share and manage consumer expectations is only going to increase the heat on the street. .

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Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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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

JANUARY 18, 2024

11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. The 30-year fixed-rate mortgage averaged 6.6%

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Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low.

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Housing Wire

APRIL 6, 2023

According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. Industry observers believe rates are trending down because of new data showing a weaker labor market. It was the expectation that the U.S. economy is slowing down.

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Mortgage Investors Buyers Inventory 457

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. 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. However, in many areas of the country it does remain a seller’s market. Historically 2.5

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Realtors Housing Market Marketing Buyers 393

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. At the height of the spring market, the typical home had 5.5

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Buyers Realtors Inventory Sellers 471

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. While it’s too early to call for a Fed “pivot” with annual inflation still at 7.1%, markets are forward-looking and will begin to price in an ebbing of the rate cycle before it actually occurs, Otero added. .

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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. One thing is certain: potential buyers of all ages are not happy about the current market conditions. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. So what is going on here?

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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. One thing is certain: potential buyers of all ages are not happy about the current market conditions. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. So what is going on here?

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Inventory Buyers Sellers Investors 370

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. So the bond market has always got ahead of the Fed rate hikes in terms of pricing, and the Fed is playing catch up! Once we hit 1.52-1.93

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Inventory Investors Retail Housing Market 370

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. Consequently, the collateral available to support securitizations in both the agency and nonagency secondary markets has also fallen.

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