Housing Wire

JANUARY 24, 2024

Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. What is title insurance? There are two forms of title insurance: an owner’s policy and a lender’s policy.

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Insurance Sellers Buyers Housing Market 427

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Insurance policies for homeowners are skyrocketing. In Florida, agents are also grappling with insurability issues that are relatively new and vexing. The result?

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Insurance Housing Market Marketing Supply Chain 351

Housing Wire

APRIL 29, 2024

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. million in Q1 2023 to $316.7 on title insurance premiums and fees earned, which came in at $545.4

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Insurance Investors Housing Market Government 352

Housing Wire

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. 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

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Housing Wire

APRIL 26, 2024

“Price growth may cool slightly in the coming months if mortgage rates stay high or rates might fall slightly — but overall housing costs are likely to remain elevated for the foreseeable future.” Rising costs for homeowners insurance are also playing a part in sagging affordability. from 2018 to 2023.

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Housing Market Marketing Insurance Sellers 351

Housing Wire

OCTOBER 11, 2023

As Megan Hernandez, ALTA’s director of marketing and public relations put it, “he was due for a glow up.” “We We wanted to craft a brand that is impossible to ignore,” Jack Rattikin III, ALTA’s 2022-2023 president, told attendees gathered in The Broadmoor’s International Center.

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Insurance Government Real Estate Finance 381

Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory , thankfully, saw some decent growth last week. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher. From the St.

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Housing Market Mortgage Marketing Inventory 493

Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

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Housing Market Marketing Inventory New Listings 458

Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

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Insurance Brokerage Government Real Estate 371

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.

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Landlords Housing Market Mortgage Design 471

Housing Wire

DECEMBER 14, 2022

Slower housing market conditions , mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% million), Florida ($689.9

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Insurance Housing Market Marketing Mortgage 362

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. This doesn’t appear to be the case for 2023.

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Housing Market Marketing Inventory New Listings 427

Housing Wire

SEPTEMBER 7, 2023

Senate Committee on Banking, Housing and Urban Affairs to address the availability of flood insurance. In the letter, MBA SVP of Legislative and Political Affairs Bill Kilmer pointed to the impending expiration of the National Flood Insurance Program (NFIP), which is currently slated to happen on September 30.

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Insurance Real Estate Housing Market Marketing 356

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. Weekly housing inventory They say slow and steady wins the race; well, for housing inventory in 2023, it’s been terribly slow this spring.

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Housing Market Marketing Inventory New Listings 482

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase.

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Inventory Housing Market Marketing New Listings 513

Housing Wire

MAY 7, 2023

New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. New listing weekly data over the past three years: 2023: 58,432 2022: 76,691 2021: 73,291 New listing data from previous years to give you some historical perspective. The total NAR inventory is still 980,000.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. of Chicago homes amid a housing shortage,” the company said in an email about the report according to the Sun-Times. Boomers own 35.6%

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Housing Market Marketing Construction Insurance 318

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down.

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Insurance Bracketing Legal Business 470

Housing Wire

JUNE 26, 2023

Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022. In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings.

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Insurance Housing Market Inventory Marketing 298

Housing Wire

JUNE 11, 2023

Weekly housing inventory We have two big housing inventory themes in 2023 that must be discussed. Still, at least we have had some of the traditional seasonal inventory growth in 2023, giving us more inventory than last year. but it needs weakness in demand and days on market to grow so inventory can accumulate.

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Inventory Housing Market Marketing New Listings 484

Housing Wire

JULY 30, 2023

Here’s how new listings compares to the past few years: 2023: 62,478 2022: 74,076 2021: 81,053 The 10-year yield and mortgage rates Last week we got another strong jobless claims report, which sent bond yields and mortgage rates higher (it wasn’t about the Fed raising rates ). From the St. The week ahead: It’s jobs week!

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Housing Market Marketing Inventory New Listings 351

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. Hartford, Connecticut It has been quite a while since the Nutmeg State’s capital city has had a happening housing market.

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Housing Market Marketing Inventory Buyers 353

Housing Wire

APRIL 23, 2024

The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. This impact is evident in the achievements of HousingWire’s 2023 Marketing Leaders honorees.

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Marketing Project Management Advertising Real Estate 321

Housing Wire

JUNE 4, 2023

Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023. One big reason for this lack of inventory growth has been new listing data, which has trended at all-time lows since the second half of 2022, continuing into 2023.

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Inventory Housing Market Marketing New Listings 406

Housing Wire

JUNE 25, 2023

Compare the new listings data this week to that in recent years: 2023: 63,106 2022: 84,014 2021: 76,761 Last week, NAR released the existing home sales report, which showed a slight monthly growth in sales. Nothing good is happening in housing when days on market are so low. From the St. Since Nov.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

APRIL 17, 2024

in first-quarter 2024 compared to Q1 2023. While home sales lost momentum in March, the housing market remains competitive as we’re seeing the statewide median home price reaching the highest level in seven months, and homes selling quicker than last year,” CAR President Melanie Barker said in a statement. Sales were up 0.7%

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Insurance Housing Market Realtors Inventory 379

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. During the first quarter of 2023 , Stewart reports a total revenue of $542.3

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Housing Market Marketing Investors Development 322

Housing Wire

MARCH 8, 2024

According to the Insurance Bureau of Canada , roughly 1.5 million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones. In addition, Canada doesn’t have a national flood insurance program. In the U.S.,

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Insurance Mortgage Housing Market Buyers 364

Housing Wire

DECEMBER 1, 2023

As the housing market continues to undergo a seismic shift, technology leaders like this year’s Tech Trendsetters stand as beacons, guiding the industry toward a future where innovation is not an option but an imperative for success. Congratulations to the 2023 Tech Trendsetters honorees.

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Technology Architecture Real Estate Development 379

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. “The in March 2022 to 4.5%

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Housing Market Marketing Construction Real Estate 332

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? trillion in 2023 will look awfully rosy. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.”

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Housing Market Marketing Mortgage Buyers 368

Housing Wire

JULY 25, 2023

Insurers and government programs frequently subsidize the cost of rebuilding after storms hit, and mortgages mean homeowners are ceding some risk to lenders—especially if their house goes into foreclosure after a storm,” he explained. Recently, prominent insurance companies have exited some of these areas.

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Housing Market Insurance Marketing Renovations 305

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. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

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Housing Market Marketing Contracts Finance 382

Housing Wire

JANUARY 9, 2023

“With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts.

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Housing Market Marketing Construction Development 544

Housing Wire

JULY 6, 2023

million in the first quarter of 2023 and cut approximately 91% of its workforce over an approximately 18-month period — due in large part to a substantial decline in its funded loan volume. The lender funded 2,347 loans in Q1 2023, a decline of 87% compared to 18,559 loans funded in Q1 2022. in Q1 2023 decreased by about 67% from 0.9%

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Real Estate Agents Business Mortgage 363

Housing Wire

FEBRUARY 21, 2024

In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. Bureau of Labor Statistics , there were 343,000 mortgage employees as of May 2023. Not all sides of housing have been hit as hard as mortgage lending,” Gigliotti said. were women.

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Housing Market Mortgage Marketing Real Estate 317

Housing Wire

FEBRUARY 21, 2023

Although there have been some recent positive signs in the housing and jobs markets, those signs point to stubbornly high inflation and a corresponding stubbornness on the part of the Federal Reserve to continue raising interest rates over the longer term to fight inflation.

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Housing Market Renovations Marketing Retail 362