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.

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Mortgage Inventory Marketing 518

Housing Wire

JANUARY 6, 2025

Affordability issues have stymied the housing market for the better part of the past decade, but it didnt get worse in 2024. of their income on housing in 2024. of their income on housing in 2024. The median monthly housing payment hit $2,920 in 2024. Taking the median U.S. Taking the median U.S. in 2023.

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Housing Market Inventory Marketing 332

Appraisal Buzz

NOVEMBER 26, 2024

Based on information from 10 million properties, roughly 36 million quotation requests, and external quoting engines, the research provides predictions for 2025 as well as insights into the key trends of 2024. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

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Insurance Marketing Development Mortgage 393

Housing Wire

NOVEMBER 1, 2024

Congratulations to the 2024 Tech Trendsetter honorees! Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading innovation for their clients in these industries.

Technology 406

Technology Realty Real Estate Development 406

Housing Wire

DECEMBER 27, 2024

Rates, rates and rates Peter Sciandra Mortgage rates were by far the most-cited challenge among the pool of industry professionals who spoke with HousingWire s Reverse Mortgage Daily (RMD) about the challenges of 2024. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp.

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Mortgage Retail Lending Business 366

Housing Wire

DECEMBER 27, 2024

A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% the first drop in three months, per Redfin’s data.

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New Listings Sellers Marketing Housing Market 383

Housing Wire

JANUARY 10, 2025

trillion in the second quarter of 2024 but fell to $14.01 This is according to the latest edition of the Reverse Mortgage Market Index (RMMI), a quarterly report compiled by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. trillion in the third quarter, dropping the RMMI from 489.70

Home Value 279

Home Value Government Mortgage Marketing 279

Appraisal Buzz

JANUARY 6, 2025

income of $83,782 in 2024 wouldve had to spend 41.8% In 2024, a homebuyer needed to earn an annual income of at least $116,782 if they wanted to spend no more than 30% of their earnings on monthly housing payments for the median-priced home. The median monthly housing payment for homebuyers hit a record of $2,920 in 2024, rising 4.3%

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Inventory Construction Appraisal Mortgage 431

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. The elephant in the room is affordability. Each line is a year.

Housing Market 542

Housing Market Marketing New Listings Inventory 542

Housing Wire

DECEMBER 19, 2024

This scenario isnt new, most forecasters got the mortgage trends for 2024 wrong too. At the time, most mortgage market observers expected that rates had reached their peak and would generally decline in 2024, stabilizing at perhaps 6% or lower by now. And yet at the end of 2024, thats exactly where rates are.

Mortgage 487

Mortgage Housing Market Marketing Realtors 487

Housing Wire

DECEMBER 21, 2024

Therefore, Id like to conclude that 2024 ended the year slightly positively. Mortgage spreads The unsung hero of the housing market in 2024 has been the improvement in mortgage spreads. My home price forecast for 2024 was a growth rate of 2.33%, but it appears that this estimate may be too low. Weekly inventory change (Dec.

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Housing Market Marketing Inventory New Listings 455

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Although 66% of buyers with agents in 2024 had their commissions covered by sellers, this is no longer required. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

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Real Estate Sellers Buyers Renovations 417

Appraisal Buzz

OCTOBER 31, 2024

remain unoccupied, according to ATTOM ‘s fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. from Q3 of 2024. In Q4 of 2024, roughly 7,100 of such pre-foreclosure properties remain unoccupied as zombie foreclosures, or pre-foreclosure properties that the owners have abandoned. from 7,007 in Q3 of 2024.

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Housing Market Marketing Investors Construction 369

Housing Wire

SEPTEMBER 28, 2024

2024: 362,620 2023: 340,526 2022: 380,823 Purchase application data Even as mortgage rates ticked up just a smidge this week, the winning streak of consecutive positive purchase apps continues with five weeks of gains. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023.

Mortgage 516

Mortgage Inventory New Listings Contracts 516

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. percentage points from the second quarter of 2024; Life company portfolios (60 or more days delinquent): 0.46%, an increase of 0.03

Mortgage 397

Mortgage Investors Real Estate Development 397

Housing Wire

NOVEMBER 23, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% This week was relatively calm for mortgage rates as the 10-year yield continues to hold steady at a critical level, which ranges from 4.40% to 4.50%. Weekly inventory change (Nov.

Mortgage 501

Mortgage Inventory New Listings Contracts 501

Housing Wire

NOVEMBER 30, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% The recent decrease in mortgage rates can be attributed to dynamics in the bond market and the current sentiment among bond traders. We’ll see if we get a repeat this year.

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Mortgage Inventory New Listings Contracts 512

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021.

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Inventory New Listings Contracts Mortgage 525

Appraisal Buzz

DECEMBER 23, 2024

Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housing markets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordability.

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Housing Market Investors Buyers Home Value 397

Housing Wire

AUGUST 17, 2024

However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings. So 2024 is a positive year for inventory growth, as higher rates did their job. However, 2024 is still an improvement over 2023, which was the lowest new listing data ever recorded.

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Inventory Mortgage New Listings Contracts 516

Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. in 2024 and 2% in 2025. in 2024 and 1.9% in 2024 and 1.9% in 2024 and 3.6% They’re now projecting gross domestic product (GDP) growth to fall from 3.2%

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Sellers Mortgage Buyers Business 511

Housing Wire

SEPTEMBER 15, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% Mortgage rates are at their lows for 2024 and are not that far from the very bottom forecast I had for 2024 at 5.75%. More detail on that is here.

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Mortgage Inventory New Listings Retail 520

Housing Wire

AUGUST 4, 2024

As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 17 negative prints and two flat prints. Can mortgage rates go even lower?

Mortgage 509

Mortgage Inventory New Listings Housing Market 509

Housing Wire

SEPTEMBER 7, 2024

Let’s take a look at 2024 and see how much lower we can go. 10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% The 10-year yield between 4.25%-3.21% Considering my forecast, we are getting closer to the downside limits on mortgage rates. Weekly inventory change (Aug.

Mortgage 531

Mortgage Inventory New Listings Marketing 531

Housing Wire

DECEMBER 7, 2024

But, we observed an improvement in our weekly pending contract data and even today, despite elevated rates, the trend remains better than what we experienced in 2023 and most of 2024. The year-over-year inventory growth is the best housing story for 2024. Weekly inventory change (Nov. Weekly inventory change (Nov.

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New Listings Inventory Contracts Housing Market 502

Housing Wire

DECEMBER 19, 2024

million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021. The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. year-over-year increase, its the fifth consecutive month of declines from the 2024 peak of $426,900 in June. While thats a 4.7%

Inventory 412

Inventory Realtors Housing Market Real Estate 412

Appraisal Buzz

OCTOBER 21, 2024

million in property damage has already occurred in 2024, with Oregon and Texas emerging as the hardest-hit states. Texas experienced the most damage during the broader 2023-2024 winter season, accounting for 36% of total damage, or $87.2 Ninety-one deaths have been attributed to winter weather so far in 2024. Of the $61.8

Insurance 393

Insurance Appraisal 393

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. 2024 is the second-lowest new listing year recorded in history.

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Inventory Mortgage New Listings Housing Market 521

Housing Wire

JANUARY 3, 2025

The number of policies under the FAIR Plan more than doubled from 2020 to 2024, according to the AP. The California Association of Realtors reported that 13% of its members had at least one deal cancelled in 2024 due to insurance issues. The lack of insurance options has also led to many home sales falling through.

Insurance 510

Insurance Modernization Design Realtors 510

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.

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Inventory Sellers Housing Market Contracts 445

Appraisal Buzz

JANUARY 2, 2025

According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. Before the pandemic, investors accounted for less than 20% of the market, but this figure peaked at nearly 30% in January 2024.

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Investors Landlords Housing Market Marketing 397

Housing Wire

OCTOBER 5, 2024

Mortgage rates had already reached the bottom of my 2024 forecast so the risk of rates going higher was a legitimate concern. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. This explains the rise in mortgage rates since the Fed cut rates. Weekly inventory change (Sept.

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Mortgage Inventory New Listings Retail 496

Housing Wire

JANUARY 2, 2025

When they eventually stopped hiking it created another key level for me in 2024 the “hold the door” line of 3.80%. In 2024, as the labor market showed weakness , the 10-year yield fell, briefly, below that 3.80% level. Jobs week is next week and well see the final report for 2024.

Mortgage 479

Mortgage Construction Housing Market Marketing 479

Appraisal Buzz

DECEMBER 5, 2024

Down payment shares peaked early this year, in Q2 2024 versus the normal Q3 trend, according to Realtor.coms bi-annual down payment report. Nationwide, down payments in Q3 of 2024 averaged 14.5% with a median down payment of $30,300, down from Q2 2024s historical peak of 14.9% and $32,700. pp), Vermont (1.1

Inventory 397

Inventory Buyers Mortgage Appraisal 397

Housing Wire

JANUARY 4, 2025

For some time now, its been showing positive growth versus both 2022 and 2023 data, and, in the first few days of 2025, versus 2024 data as well. However, it was nice to see demand firm up in the last few months of 2024. We have a slight single-digit increase in demand year over year. Weekly inventory change (Dec.

New Listings 501

New Listings Inventory Contracts Mortgage 501

Appraisal Buzz

OCTOBER 24, 2024

The number of foreclosures increased dramatically beginning in June 2023, reaching a peak of 752 in May 2024 before leveling off at 695 in the most current data released by ATTOM in September 2024. This current spike points to either a resurgence of financial strain or a shift in the fundamentals of commercial real estate.

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Real Estate Business Government Appraisal 397

Housing Wire

DECEMBER 17, 2024

Applications decreased by 12% from October 2024. MBA estimates from the builder application survey show that sales of new single-family homes were running at a seasonally adjusted annual rate of 713,000 units in November 2024. MBA estimates that there were 49,000 new-home sales in November 2024, an unadjusted decrease of 12.5%

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Mortgage Marketing Inventory 339