Housing Wire

AUGUST 1, 2024

HousingWire is proud to announce the 2024 list of Insiders, recognizing 70 exceptional operational leaders who are instrumental in driving the success of their companies and the broader housing industry. Congratulations to the 2024 Insiders! Take a look below at the list of this year’s honorees.

Technology 473

Technology Valuation Project Management Lending 473

Housing Wire

MAY 25, 2024

But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Here’s the new listings data for last week over the last several years: 2024 72,329 2023: 62,150 2022: 82,725 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity.

Inventory 512

Inventory Mortgage New Listings Marketing 512

Appraisal Buzz

JUNE 3, 2024

CoreLogic has issued its 2024 Hurricane Risk Report , offering an analysis of hurricane risk in the U.S., In the forecast for 2024, NOAA predicts 17-25 named storms, eight to 13 hurricanes, and four to seven major hurricanes. It also indicates an 85% chance of 2024 being an above-normal season.

Insurance 397

Insurance Development Appraisal 397

Appraisal Buzz

JULY 10, 2024

In the most recent Fannie Mae Mortgage Lender Sentiment Survey (MLSS), mortgage lenders listed “cost-cutting” and “talent management and leadership” as their two top business objectives for 2024. Lenders listed cost-cutting and talent management as their main goals for 2024, as was previously mentioned.

Mortgage 396

Mortgage Business Technology Development 396

Appraisal Buzz

JULY 11, 2024

ATTOM Data has released its Midyear 2024 U.S. from two years ago. “In contrast to the first half of 2023, foreclosure activity across the United States experienced a decline in the first half of 2024,” stated Rob Barber, CEO of ATTOM. “In foreclosure starts also decreased by 3% in the first six months of 2024.

Real Estate 396

Real Estate Housing Market Marketing Appraisal 396

Appraisal Buzz

AUGUST 9, 2024

By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. Furthermore, 2024 will mark the first time in the history of apartment building in the U.S. More specifically, with 32,935 additional rental units anticipated by the end of December 2024.

Construction 397

Construction Development Business Marketing 397

Appraisal Buzz

SEPTEMBER 26, 2024

In February 2024, she returned to CRFS as CEO and Owner. Kathryn Walterman, Manager of Default Administration, Mountain America Federal Credit Union, accepts the 2024 Rising Star Executive Award The Leadership by Example Award recognizes those working to empower and promote women in leadership positions and diversity within their companies.

Human Resources 370

Human Resources Government Mortgage Investors 370

Housing Wire

MAY 30, 2024

31, 2024, while these companies implement a new program to help struggling veterans. billion from 2024 to 2033. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec.

Government 473

Government Mortgage Finance 473

Housing Wire

JUNE 6, 2024

in the first quarter of 2024 to 1.28 billion worth of residential mortgages in the first quarter of 2024. million residential mortgages in Q1 2024, down from nearly 1.4 billion was lent to homeowners in Q1 2024, down from $426.1 Mortgage lending in the U.S. dropped by 6.7% This decline contributed to a 4.8%

Lending 467

Lending Mortgage Government Inventory 467

Sacramento Appraisal Blog

FEBRUARY 14, 2024

Pulling comps in 2024 is tough. I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog. Think about it this way.

Appraisal 337

Appraisal Marketing Mortgage New Listings 337

Appraisal Buzz

OCTOBER 15, 2024

During the 2024 Five Star Conference & Expo , held at the Omni Hotel in Dallas in late September, the Five Star Institute presented the 2024 Lifetime Achievement Award during the Keys for Life Opening Luncheon. The post Meet Five Star’s 2024 Lifetime Achievement Award Recipient appeared first on Appraisal Buzz.

Business 345

Business Mortgage Insurance Design 345

Housing Wire

DECEMBER 26, 2023

trillion to $2 trillion in 2024. 18 released a $2 trillion forecast for one-to-four family loan originations in 2024. According to George, there will be “a small amount” of cash-out refinances, and the purchase market might see “a little bit of an improvement,” but overall, 2024 “doesn’t look better.”

Mortgage 508

Mortgage Inventory Marketing Finance 508

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

Inventory 466

Inventory Construction Mortgage Buyers 466

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. However, the new listings data has slightly disappointed me.

New Listings 510

New Listings Inventory Mortgage Sellers 510

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Respondents expected the U.S.

Property Taxes 465

Property Taxes Mortgage Insurance Government 465

Housing Wire

AUGUST 21, 2024

Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ million home sales in 2024 (down from 4.81 The ESR Group now expects 4.78 million sales in 2025 (down from 5.26

Mortgage 448

Mortgage Construction Inventory Housing Market 448

Housing Wire

AUGUST 1, 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily.

Mortgage 512

Mortgage Inventory Marketing 512

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. But at least it’s positive!

Inventory 517

Inventory Mortgage New Listings Housing Market 517

Housing Wire

JUNE 17, 2024

The relative stability of the housing market in the first quarter of 2024 resulted in a fairly strong quarter for the title insurance industry. billion in title insurance premiums during Q1 2024, down only 0.8% of the market, it was again the largest firm by share of premiums written during the first quarter of 2024. With 26.7%

Insurance 437

Insurance Marketing Housing Market Real Estate 437

Housing Wire

OCTOBER 18, 2024

October 2024 update Since my last rate update in September, the 10-year CMT weekly average, which calculates HECM expected rates, has increased by 29 basis points. Furthermore, establishing the reverse mortgage line of credit early in retirement allows the unused funds to experience growth that will become more important as the borrower ages.

Mortgage 246

Mortgage HOA Property Taxes Home Value 246

Sacramento Appraisal Blog

JANUARY 4, 2024

What’s the housing market going to do in 2024? UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.

Real Estate 357

Real Estate Housing Market Appraisal Marketing 357

Housing Wire

JULY 23, 2024

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Credit: Fannie Mae Fannie Mae said Tuesday it expects the Consumer Price Index to end 2024 at 2.9% in 2024 and 6.4%

Inventory 438

Inventory Housing Market Construction Mortgage 438

Sacramento Appraisal Blog

JUNE 6, 2024

UPCOMING SPEAKING […] The post Cash buyers are the X factor in 2024 first appeared on Sacramento Appraisal Blog. Today, I have some really cool stats to unpack what is happening in nine local counties. If you’re not in Sacramento, is this happening in your area too?

Buyers 337

Buyers Appraisal Housing Market Finance 337

Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 Agent count at eXp kept declining in Q1 2024. million loss compared to a net gain of $1.5 million in Q1 2023.

Realty 399

Realty Brokerage Agents Real Estate 399

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

Finance 432

Finance Construction Realty Real Estate 432

Appraisal Buzz

AUGUST 22, 2024

The third-quarter 2024 Vacant Property and Zombie Foreclosure Report reveals a significant decline in abandoned homes in foreclosure, reflecting the continued resilience of the U.S. As of the third quarter of 2024, approximately 1.4 housing market. million residential properties nationwide were vacant, equating to 1.3% housing market.

Housing Market 345

Housing Market Marketing Home Value Investors 345

Housing Wire

JULY 1, 2024

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Congratulations to this year’s honorees!

Realty 473

Realty Real Estate Chief Valuation Officer Technology 473

Sacramento Appraisal Blog

NOVEMBER 21, 2023

Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog. I know it’s a holiday week, but I really want to share this message. And I have some cool stats too.

Housing Market 338

Housing Market Marketing Real Estate Appraisal 338

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average.

Housing Market 485

Housing Market Marketing Inventory Sellers 485

Housing Wire

JANUARY 6, 2024

I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall. Here are the year-over-year price-cut percentages from the first week of the year: 2024 32.8% However, one key for 2024 is finding the seasonal bottom in housing inventory sooner rather than later.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

Housing Wire

JANUARY 11, 2024

Inflation came in hotter than expected on Thursday, but we are still talking about rate cuts in 2024! Why the Fed will cut rates in 2024 It’s a simple premise for me: the Federal Reserve over-hiked because they panicked toward the end of 2022 going into 2023. It’s now at 3.98% , a far cry from 5.04% as we saw last year.

Supply Chain 504

Supply Chain Marketing Mortgage 504

Housing Wire

JULY 8, 2024

With a contracted market in 2023 and continuing into 2024, all of United’s growth is from organic growth on a highly advantaged business model which because of deep investments United can deliver equal or superior programs to its affiliated agents while offering the best agent compensation plans.” Look for that report in late August.

Brokerage 410

Brokerage Real Estate Agents Contracts 410

Housing Wire

DECEMBER 19, 2023

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. As a result, home sales will begin a “slow but meaningful recovery” in 2024, according to the December 2023 commentary from the Fannie Mae ESR Group. million to 5.07

Inventory 438

Inventory Mortgage Housing Market Finance 438

Housing Wire

JULY 9, 2024

Nominations for the 2024 HousingWire Vanguards award are open throughout the month of July. Randell Gillespie, CPO, Lower Click here to nominate a 2024 HousingWire Vanguard. Here is what some of last year’s honorees had to say.

Clients 396

Clients Realtors Training Realty 396

Housing Wire

JULY 24, 2024

Fast forward to 2024, the landscape is markedly different, albeit challenging in its own way. The median existing-home sales price has since soared back to an all-time high of $419,300 in May 2024, driven by a persistent shortage of homes and surging demand. The share of these mortgages in early 2024 was just 2.7%

Real Estate 444

Real Estate Real Estate Agent Agents Client Relationships 444

Housing Wire

AUGUST 16, 2024

Consider that 99.81% of HECMs originated in June 2024 were adjustable-rate mortgages (ARMs). August 2024 update The 10-year Constant Maturity Treasury (CMT) weekly average has dropped 38 basis points in the past 38 days. But did you know that nearly all HECMs originated today are variable-rate loans? Why variable rate?

Mortgage 402

Mortgage Insurance Lending Finance 402

Housing Wire

MAY 24, 2024

Median prices for homes and condominiums in federally designated opportunity zones rose in 49% of areas from fourth-quarter 2023 to first-quarter 2024, according to a report released Thursday by Attom. Attom analyzed 3,512 zones with sufficient data, defined as having at least five home sales in Q1 2024. territories. territories.

Home Value 415

Home Value Housing Market Design Investors 415