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

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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.

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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.

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Housing Wire

APRIL 4, 2024

April 2024 update The 10-year CMT average dipped to 4.13% for one week in March, offering higher principal limits for new applications and some loans in processing. For example, a 2.50% lender margin combined with last week’s 10-year CMT average (4.22%) would produce an expected rate of 6.72% today.

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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.

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Housing Wire

FEBRUARY 26, 2024

Mortgage originators who seek success in 2024 need to move with confidence and adaptability. Given the cyclical nature of the mortgage market, the industry seems to be moving beyond these challenges with a more normalized market in 2024. In pursuing their goals for 2024, mortgage originators must not be complacent.

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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.

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Housing Wire

NOVEMBER 16, 2023

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday. Affordability issues and concerns about a recession are two things Fitch is watching closely in 2024.’’ Fitch does not rate Old Republic.

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Housing Wire

JANUARY 1, 2024

1, 2024, is accepting beneficial-ownership information reports from existing and newly created companies, a mandate that applies to many real estate-related entities. 1, 2024, must file by Jan. 1, 2024, also required to submit information about the individuals who formed the business. FinCEN, part of the U.S. driver’s license).

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Housing Wire

MARCH 20, 2024

A fresh set of quarterly economic projections from Fed officials showed that borrowing costs are expected to end the year at 4.6%, suggesting that the central bank still plans to make three cuts of 25 basis points (bps) each in 2024.

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Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At

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Housing Wire

APRIL 23, 2024

2024 is that year! CE bundles price range: $299 to $799 Visit Kaplan 4 best real estate continuing education schools for 2024 Top Pick Colibri Real Estate Education ENROLL NOW & SAVE 30% Use HousingWire 30 at checkout Colibri offers real estate CE courses in all 50 states and Washington DC, with customized online bundles available.

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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.

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Housing Wire

DECEMBER 20, 2023

percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 It also provided committee members’ forecasts of what would be the appropriate rate in 2024, which was based on their forecasts of inflation, GDP growth and other economic indicators. in the first half of 2024. 15, just 0.07

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Housing Wire

DECEMBER 14, 2023

The Real Estate Standards Organization is welcoming many new and returning board of director members in 2024. Additionally, Jensen and Wurzer will continue in their executive committee roles in 2024, serving as board chair and vice-chair, respectively.

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Housing Wire

MARCH 22, 2024

To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. Visit Top Producer Related Articles The 9 top real estate lead generation companies for 2024 6 best real estate lead generation websites for 2024 The ultimate guide to real estate lead generation ideas for 2024 2.

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Housing Wire

FEBRUARY 9, 2024

After enduring challenges stemming from higher interest rates, stricter qualifications and broader industry consolidation, loan officers seem to be optimistic about how things have progressed in the early portion of 2024. This is according to a series of RMD interviews with six reverse mortgage originators from across the U.S.,

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Housing Wire

JANUARY 29, 2024

for its 2024 annual meeting, which will take place slightly earlier in the year than usual, according to a member alert. The 2024 NRMLA Annual Meeting and Expo will be held Sept. NRMLA is also planning to offer two regional meetings in 2024 before the annual event, but it has not yet announced dates or venues.

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Housing Wire

JANUARY 16, 2024

After a multi-year decline in agent movement between brokerages , Relitix ’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024. “We Agents will begin moving more between brokerages in 2024 as the market begins to normalize.

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Housing Wire

NOVEMBER 30, 2023

District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. During the hearing, Wood stated that she would be able to “try the case likely in the fourth quarter of 2024.” Ray’s point that this case should stand on its own.”

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Appraisal Buzz

APRIL 3, 2024

throughout 2024 due to inflation exceeding the Federal Reserve’s 2% target and a strong labor market, although displaying some signs of softening. Photo: Dillon Kydd The post Veros: Low Inventory Will Continue to Boost Home Prices Through 2024 appeared first on MortgageOrb. Rates are expected to hover above 6.5% Topeka, Kan.;

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Housing Wire

OCTOBER 31, 2023

The finances at nonbank mortgage companies will remain under pressure in 2024, despite some relief in mortgage rates , according to a new Fitch Ratings report. trillion origination production for 2024, an increase of 19% compared to 2023 but still lower than the 2020-2021 highs.

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Housing Wire

DECEMBER 27, 2023

” As 2024 is not expected to be stellar , analysts foresee more M&A and exits next year. But maybe there are a couple of stragglers and weaker competitors that still end up having to shut down in 2024 because by no means is it going to be like a heroic year of origination. ’ ‘I just really can’t compete.”

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Housing Wire

NOVEMBER 14, 2023

26, 2024, to file oppositions to the defendants’ motions and then the defendants have until March 18, 2024, to file their responses. In other words, the real estate industry may be waiting until April or even May of 2024 to find out what the injunctive relief in this commission lawsuit will be.

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Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% This is why the baseline conforming loan limit is going up in 2024 by the same percentage, the FHFA said in a statement. Conforming loan limits are increasing at a slower pace, mirroring home prices, overall.

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Housing Wire

MARCH 22, 2024

HousingWire reports that housing inventory is on pace to grow 40% in 2024, bringing the market slightly closer to a healthy equilibrium. 1 spot by transaction sides in the 2024 RealTrends 500 rankings , based on 2023 data. 1 spot by transaction sides in the 2024 RealTrends 500 rankings , based on 2023 data.

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Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive.

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Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

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Housing Wire

FEBRUARY 5, 2024

Of the 2023 vintage, 2 million of these borrowers (or 26%) would be able to cut their first-lien rate by 75 bps if 30-year rates fall to a projected 6% by the end of 2024, with 33% able to save a full percentage point or more. million mortgages originated in 2023. and slightly less than the 33.8%

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Housing Wire

FEBRUARY 1, 2024

The full list of 2024 Tech100 Mortgage and Real Estate honorees are now live. Congratulations to all of the 2024 winners.

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Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. Resident expectations will define the rental space A more competitive rental market makes resident experience more important than ever in 2024.

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Housing Wire

DECEMBER 1, 2023

Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024. on an annual basis in 2024. The FHFA’s increase for conforming loan limits in 2024 follows a formula that tracks increases in national home prices.

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Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. 2024 HECM limit On Jan. It helps me] give them an understanding about how each product would serve them.”

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Housing Wire

FEBRUARY 7, 2024

However, the 85,049 agents lost between October 2022 and January of 2024, is still well below the 400,000-agent drop recorded between 2008 and 2012. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. Since hitting a peak of 1.6

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Housing Wire

MARCH 5, 2024

March 2024 update Early in February, we saw a lower weekly average 10-year CMT (4.01%). Imagine an extreme example where the 1-year CMT is 1% and the 10-year CMT is 6%. FHA would be nervous about providing high principal limits to borrowers with the assumption that current short-term rates will always remain at 1%.

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Housing Wire

NOVEMBER 16, 2023

Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans.

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Housing Wire

JANUARY 5, 2024

The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force across-the-board cuts to non-defense spending of roughly 5-to-9%. House of Representatives budget committee.

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