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

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. The reality is that home sellers and builders had too much pricing power.

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Housing Market Marketing Inventory Investors 450

Housing Wire

APRIL 18, 2024

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year. million in March.

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Inventory Housing Market New Listings Buyers 483

Housing Wire

APRIL 10, 2023

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. before dropping to 6.4% before dropping to 6.4%

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Marketing Insurance Housing Market Mortgage 371

Housing Wire

FEBRUARY 27, 2024

Despite these massive headwinds, we have positioned Compass for significant upside when the market begins to recover.” million in 2022. Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5% billion, its net loss of $83.8

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Agents Brokerage Buyers Training 376

Housing Wire

MARCH 5, 2024

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. The most recent inventory bottom was in 2022 at 240,194 units, while the inventory peak in 2023 was 569,898. Between Feb.

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Mortgage Inventory Sellers Investors 446

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

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Marketing Mortgage Sellers Buyers 374

Housing Wire

JANUARY 17, 2023

The mortgage servicing rights (MSR) market has opened 2023 with a healthy volume of capital committed to purchasing the assets along with multiple sellers primed for deals — as evidenced by the $60 billion to $65 billion in MSR portfolio offerings currently out for bid, market experts say.

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Marketing Buyers Sellers Mortgage 438

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. We negotiated to get the sellers the highest price possible.

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Real Estate Open Houses Brokerage Real Estate Agent 382

Housing Wire

NOVEMBER 17, 2022

Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers. released a new marketplace for co-issue loan sales this week.

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Housing Wire

FEBRUARY 13, 2024

In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening.

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Agents Sellers Buyers Law 375

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

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Marketing Investing Mortgage Investors 378

Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior.

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Mortgage Loan Officers Investors Government 379

Housing Wire

MARCH 3, 2022

Despite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market remains on track to record one of its most dynamic runs in decades, according to multiple market experts. billion agency [Fannie Mae/Freddie Mac] deal,” he said.

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Marketing Sellers Mortgage Investors 358

Housing Wire

JULY 27, 2022

AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 The question remains, however: Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates? “Not

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Marketing Investors Mortgage Finance 378

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

MARCH 22, 2023

Pacific Western Bank also explored a capital raise with potential investors. However, amid volatility in the market and depressed stock prices, “it would not be prudent to move forward with a transaction at this time,” the bank said. billion in the fourth quarter of 2022. In addition, it has drawn $3.7 from the previous closing.

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Real Estate Investors Investing Finance 384

Housing Wire

JANUARY 25, 2023

The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. The company is eyeing the San Jose, Austin, Phoenix, and San Diego markets in particular. The index projected a decline of 6.1%

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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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Marketing Mortgage Business Government 391

Housing Wire

JANUARY 20, 2023

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. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market.

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Inventory Housing Market New Listings Marketing 540

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 464

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.

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Realtors Housing Market Marketing Buyers 392

Hank Miller Team

MARCH 21, 2022

It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. The Atlanta real estate market explosion is due in large part to its broad appeal, size and vast selection of properties.

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Real Estate Marketing Sellers Inventory 98

Housing Wire

FEBRUARY 10, 2023

“This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call on Friday. residential markets over the last decade.

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Investing Investors Insurance Government 370

Housing Wire

FEBRUARY 10, 2023

“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.” in the fourth quarter of 2022. Connie Kim : Tell us about your main market. The numbers shook out to be like $378 million.

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Marketing Inventory Loan Officers Buyers 368

Housing Wire

APRIL 13, 2022

percentage points over the past three months, have thrown a wrench into the mortgage origination and private-label securitization markets. Refinancing is plummeting, purchase activity is softening, and rate volatility is making secondary market deals harder to price efficiently across prime and non-prime/non-QM deals.

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Mortgage Marketing Sellers Buyers 380

Appraisal Buzz

APRIL 1, 2024

That’s the largest annual increase in percentage terms since April 2022, the firm says. Thus they are at a disadvantage in today’s market. That’s because they don’t have equity from the sale of a previous home to bolster their down payments, and are often competing against all-cash offers, which sellers tend to favor.

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Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

AUGUST 2, 2023

As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. Purchase loan origination volumes in Q2 2023 grew 30% sequentially from Q1 2023 and 73% year over year from Q2 2022.

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Agents Finance Sellers Housing Market 368

Housing Wire

APRIL 8, 2024

to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to data compiled by Reverse Market Insight (RMI). The HMBS issuance record set in 2022 is in no danger of being broken, much less broached in 2024. Total issuance for 2023 was less than half, at $6.5

Mortgage 391

Mortgage Marketing Sellers Investors 391

Housing Wire

DECEMBER 13, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year. million in Q2 2022 to 1.2 million in Q2 2023.

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Mortgage Sellers Investors Marketing 519

Housing Wire

JUNE 9, 2022

Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market.

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Marketing Contracts Technology Mortgage 378

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. These differences can cause volatile MSR values.

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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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Inventory New Listings Housing Market Sellers 524

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Reffkin cited the Seattle market as reason for optimism.

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Agents Real Estate Agent Realtors Brokerage 376

Housing Wire

MAY 4, 2023

The slower housing market at the start of the year was not enough to prevent Fidelity National Financial from turning a profit. During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior.

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Insurance Buyers Business Sellers 378

Housing Wire

MAY 3, 2023

I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. Relatedly, discount brokerages have promised big savings to sellers for decades. We are also seeing new models proliferate, albeit on a small scale and in targeted markets.

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Agents Real Estate Agent Brokerage Real Estate 403

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78