Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Housing Market 365

Housing Market Marketing Contracts Lending 365

Housing Wire

MARCH 22, 2023

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike.

Lending 390

Lending Housing Market Mortgage Marketing 390

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. It may be another year or two before that happens,” Yun said.

Mortgage 400

Mortgage Sellers Contracts Buyers 400

Housing Wire

MARCH 18, 2021

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. Fed Chairman Jerome Powell and the Federal Open Market Committee on Wednesday said they will leave interest rates near zero.

Mortgage 411

Mortgage Marketing Valuation Design 411

Housing Wire

SEPTEMBER 17, 2021

Despite pressure from some notable economic experts for an increase in the Fed funds rate to combat inflation, the Federal Reserve has held fast to its existing zero interest rate policy, otherwise known as ZIRP. A quick look at recent historical interest rate trends provides ample evidence of this.

Marketing 389

Marketing Mortgage Investing Business 389

Birmingham Appraisal

JANUARY 10, 2024

A Final Look at 2023 Birmingham Housing Stats If asked what their final thoughts are about the 2023 real estate market coming to an end most agents would probably reply “Good riddance”! The average price per square foot increased by 1.34%, rising from $149 to $151.

Real Estate 77

Real Estate Sellers Appraisal Marketing 77

Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. Eight of those securitization deals have gone to market since 2022, including three so far in 2023.

Contracts 358

Contracts Lending Investing Investors 358

Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. But consumers were still interested in that new home smell.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

JULY 25, 2023

counties most prone to flooding saw 384,000 more people move into them than out of them over the past two years, a 103% increase during that time. This pushed migration into states like Florida, Texas and Arizona, despite the fact that these states carry higher levels of risk from extreme heat, wildfires, drought and storms.

Housing Market 326

Housing Market Insurance Marketing Renovations 326

Housing Wire

MARCH 2, 2023

Temperatures are rising, the sun is setting later, and the daffodils are starting to peek their green leaves out of the earth — spring is coming. As of February 24, 2023, the 7-day average for inventory was 429,757 and close observers don’t expect this to change much in the upcoming weeks. What happened to ‘normal’?

Real Estate Agent 383

Real Estate Agent Inventory Real Estate Agents 383

Housing Wire

MAY 17, 2023

At that margin, ATTOM notes, the cost of renovations, property taxes, mortgage interest and other expenses — which in total consume 20% to 33% of the resale value — could easily cancel out any return on investment for the flipper. How long that can continue is hard to say.”

Finance 363

Finance Marketing Renovations Investors 363

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Homepoint is in a tough spot. Origination volume declined 63.5% year over year to $9.3

Mortgage 392

Mortgage Loan Officers Finance Investors 392

Housing Wire

MARCH 17, 2022

The rate volatility created by fast-rising inflation, now approaching 8% annualized , and the opposing flight to quality sparked by the war in Ukraine, is complicating an already challenging execution environment in the private-label securities market. And three more hikes are planned for 2023.).

Marketing 305

Marketing Investors Mortgage Investing 305

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. In fact, appraisers’ discipline protects homebuyers and the industry from irrational biases. It is human nature.

Appraisal 68

Appraisal Contracts Valuation Design 68

Lamacchia Realty

NOVEMBER 20, 2023

This was proven true in 2022, despite inventory levels remaining well under pre-pandemic levels. Now, in 2023, the market has changed, and the landscape looks different than it did at this time last year. Firstly, mortgage rates have been steadily increasing, currently sitting at 7.45%.

Sellers 66

Sellers Inventory Buyers Realty 66

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Very interesting. Interesting comments from Bryan. Here are a few of the many survey results. To read more, click here My comments: Now we know what NAR members think about it.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

Appraisal 72

Appraisal Business Contracts Real Estate 72

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Opens in You Tube. Excerpts: five bedrooms, 4.5 Built in 1970.

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Appraisal Today

NOVEMBER 3, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. To read more and see 96 photos and 3d video, click here My comment: Interesting sales price! Between Oct.

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Appraisal Contracts Architecture Mortgage 77

Housing Wire

DECEMBER 22, 2022

Prepayment activity is expected to face seasonal headwinds into early 2023 after hitting another record low in November. . Record low refinance activity and lackluster home sale volume driven by still historically tight home affordability” was the result of prepayment dropping 15.6% to a single-month mortality rate of 0.40%.

Mortgage 362

Mortgage Realtors 362

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. As a result, we expect the Q4 2022 GDP print to be a temporary positive blip, and for 2023 headline growth to be negative 0.5

Housing Market 517

Housing Market Marketing Mortgage Contracts 517

Housing Wire

JANUARY 21, 2022

Despite the expected rise in interest rates, the single-family housing market will continue to be boom in 2022, according to a report published by Freddie Mac this week. However, Khater did note that as rates rise, there will be some moderation in housing demand, causing home price growth to temper.

Mortgage 450

Mortgage Housing Market Buyers Government 450

Appraisal Today

OCTOBER 28, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, mortgage forecast, Halloween haunted homes, unusual homes, mortgage origination stats, etc. October 10, 2022. there is an active Facebook group and a published book! VA wants you to help veterans. Haunted House Appraisals.

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Housing Wire

AUGUST 9, 2023

This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings.

Marketing 334

Marketing Retail Mortgage Investors 334

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

APRIL 17, 2023

As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. This is the fourth straight month of increases after a year of decreases.

Inventory 376

Inventory Loan Conditions Buyers Housing Market 376

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Some may be of interest to you.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Housing Wire

JUNE 16, 2023

After hovering around $700,000 from late May until early December 2022, the 90-day average median list price of homes in Bergen County has been steadily on the rise, reaching a new peak of $859,000 in the week ending April 14, 2023, according to data from Altos Research. A lack of inventory still exists in Bergen County,” Stokes said.

Housing Market 333

Housing Market Marketing Inventory Transportation 333

Housing Wire

JUNE 8, 2023

It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% Other indexes show mortgage rates even higher.

Mortgage 388

Mortgage Investors Inventory Housing Market 388

Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments.

Inventory 54

Inventory Sellers Buyers Contracts 54

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. In the New York and San Francisco districts, potential homebuyers opted to rent instead of purchasing due to elevated prices and higher mortgage rates.

Housing Market 341

Housing Market Marketing Construction Inventory 341

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.

Mortgage 357

Mortgage Technology Loan Officers Investing 357

Listing Spark

SEPTEMBER 25, 2023

Interest rates have gone up, making many people unsure about buying or selling homes. Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. A sharp increase in interest rates. Let’s make sense of it all together!

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

Appraisal 78

Appraisal Contracts Business Mortgage 78

Housing Wire

JUNE 13, 2023

The first quarter of 2023 proved a tough market for everyone in the housing industry, including institutional buyers of single-family rental (SFR) properties, but there are signs the second quarter of this year has been far more buoyant for these so-called “Wall Street” players. One clue to that resurgence is a $1.5

Marketing 333

Marketing Investors Inventory Real Estate 333

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. 2023’s slower market activity reflects a shift towards equilibrium. Average prices for closed sales increased by 3.5%

HOA 49

HOA Inventory Buyers Contracts 49