Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible. .

Housing Market 487

Housing Market Marketing Inventory Mortgage 487

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. In the past two years, demand has always picked up whenever mortgage rates have moved lower with some duration. That’s a 0.50% difference in rates.

Mortgage 446

Mortgage Inventory New Listings Housing Market 446

Appraisal Buzz

MAY 6, 2024

The progress that was made in providing mortgages to to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the past two years due to higher mortgage rates and rising home prices, a report from Redfin shows. Low-income earners gained ground at the start of the pandemic, taking out 23.2%

Buyers 363

Buyers Real Estate Mortgage Housing Market 363

Housing Wire

FEBRUARY 8, 2024

Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgage 437

Mortgage Marketing Sellers Buyers 437

Housing Wire

MARCH 3, 2024

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. The first was Q1 2023, and Q4 the second. is more than 4 percentage points higher than for repeat buyers in recent months.

Lending 501

Lending Mortgage Buyers Government 501

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. million, an increase of 5% compared to the first quarter of 2023. million in Q1 2023 and well above its $23 million loss in Q4 2023. Its mortgage revenue was $34 million, down 7% from a year ago.

Marketing 440

Marketing Brokerage Advertising Agents 440

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%.

Mortgage 383

Mortgage Construction Inventory Investors 383

Housing Wire

JANUARY 30, 2024

housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year.

Landlords 509

Landlords Housing Market Mortgage Design 509

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. The overall U.S.

Housing Market 427

Housing Market Marketing Inventory Sellers 427

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4% Of the total, 36.1%

Mortgage 394

Mortgage Marketing Loan Officers Real Estate Agent 394

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers. in the second year.

Buyers 469

Buyers Marketing Sellers Loan Officers 469

Housing Wire

FEBRUARY 13, 2024

Despite high mortgage rates , master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022.

Buyers 454

Buyers Design Construction Marketing 454

Housing Wire

DECEMBER 8, 2023

High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. For an American earning $78,642, the country’s median income in 2023, the purchase of a median-priced home of $408,806 meant spending 41.4% During the four weeks ending Nov.

Inventory 427

Inventory Buyers Mortgage Marketing 427

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. million, up 12% from 2023’s 4.1 million in 2023.

Buyers 469

Buyers Housing Market Sellers Inventory 469

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 446

Housing Market Marketing Insurance Mortgage 446

Appraisal Buzz

MARCH 26, 2024

homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023, according to Redfin. The surge in listings is bringing some buyers back to the market, the firm says. The total number of U.S. As of March 17, there were roughly 795,645 active listings. The median U.S.

New Listings 195

New Listings Buyers Marketing Inventory 195

Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications.

Mortgage 487

Mortgage Marketing Investors Clients 487

Housing Wire

MAY 10, 2024

New York -based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000. An estimated 12.2

Mortgage 417

Mortgage Buyers Lending Investors 417

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 475

Buyers Mortgage Real Estate Agent Contracts 475

Housing Wire

JANUARY 9, 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. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

Retail 487

Retail Sellers Buyers Market Value 487

Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%.

Buyers 395

Buyers Mortgage Landlords Law 395

Housing Wire

MARCH 11, 2024

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%. “We

Law 417

Law Real Estate Sellers Investors 417

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgage 437

Mortgage Sellers New Listings Buyers 437

Housing Wire

MARCH 27, 2024

Against the backdrop of elevated mortgage rates and soaring home prices , discerning the evolving financial dynamics between renter-friendly and buyer-friendly markets is also paramount. Notably, renting emerged as the most affordable option across all 50 major metros, an increase from 45 metros in February 2023.

Marketing 469

Marketing Buyers Mortgage Housing Market 469

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 454

Housing Market Marketing Training New Listings 454

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . last week, are expected to drift down and end 2023 around 5.2%,” he said. .

Mortgage 417

Mortgage Housing Market Buyers Sellers 417

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

Real Estate Agent 407

Real Estate Agent Real Estate Agents Sellers 407

Housing Wire

APRIL 26, 2024

In Texas and Florida , however, key market signals show diverging trends. Major markets such as Tampa, Orlando and Dallas also posted supply growth of 20% to 30% during this period. year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates. from 2018 to 2023.

Housing Market 436

Housing Market Marketing Insurance Sellers 436

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . ” Uptick in applications . .

Mortgage 407

Mortgage Housing Market Retail Contracts 407

Housing Wire

DECEMBER 22, 2022

Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. Mortgage rates averaged 3.05% one year ago.) at the end of 2023.

Mortgage 437

Mortgage Tools Finance Housing Market 437

Housing Wire

APRIL 26, 2024

Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. The national median monthly mortgage payment rose $17 from February to March. The national index increased 0.8%

Mortgage 437

Mortgage Housing Market Buyers Marketing 437

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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

Buyers 475

Buyers Realtors Inventory Sellers 475

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Pressure on demand.

Buyers 454

Buyers Mortgage Loan Officers Retail 454

Housing Wire

AUGUST 8, 2023

Douglas Elliman posted another quarterly loss as high mortgage rates and limited listing inventory continues to weigh on productivity. He attributed this to “stable pricing in their luxury markets where buyers are more immune to interest rates pressures and the competitive advantage provided by Douglas Elliman’s strong marketing business.”

Brokerage 370

Brokerage Real Estate Advertising Inventory 370

Housing Wire

SEPTEMBER 26, 2023

home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said. Our 10- and 20-City Composites each also rose in July 2023, and likewise stand slightly above their July 2022 levels.” Mortgage holders are well-qualified and subprime loans are rare. increase and 20-City Composite a 0.9%

Inventory 454

Inventory Housing Market Lending Buyers 454

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. However, we are working from a higher level in 2023. Since Nov.

Inventory 505

Inventory Housing Market Mortgage Marketing 505

Housing Wire

APRIL 24, 2024

Despite the population growth, Dallas has still had to contend with the realities of high mortgage rates and tight housing inventory — factors that have mortgage lenders , brokerages and other real estate professionals fighting for their share of shrinking pies. 1 brokerage by listing count from 2019 through 2023.

Brokerage 417

Brokerage Realty Marketing Real Estate 417