Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 420

Agents Realtors Clients Real Estate Agent 420

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% As a result, long-term housing demand is increasing more significantly in these regions.

Contracts 448

Contracts Inventory New Listings Realtors 448

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage.

Loan Officers 443

Loan Officers Mortgage Buyers Inventory 443

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. The offer is subject to market conditions and other factors. For example, Freedom raised $1.3

Contracts 418

Contracts Investing Mortgage Investors 418

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The recovery has not taken place, but the housing recession is over,” said NAR Chief Economist Lawrence Yun. The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. in 2024, according to NAR’s forecast.

Construction 367

Construction Inventory Realtors Housing Market 367

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. They crested near 7.6% at the end of April, according to HousingWire ’s Mortgage Rates Center.

Marketing 443

Marketing Mortgage Investors Sellers 443

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 433

Inspection Real Estate Agent Real Estate Insurance 433

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

Marketing 394

Marketing Investing Mortgage Investors 394

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

Appraisal 75

Appraisal Contracts Architecture Mortgage 75

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. million as mortgage buyers became more active toward the end of the year, which breaks from the seasonal patterns. housing market is the inventory crisis, as we have started 2022 with fresh new all-time lows in inventory.

Inventory 435

Inventory Housing Market Realtors Marketing 435

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. There are now 258,000 single family homes in contract.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. It was and is controversial. Try this this bigger oar.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Appraisal Today

APRIL 5, 2024

To see the listing with 19 photos, Click Here == LoanDepot Appraisal Discrimination Settlement By Peter Christensen, March 28, 2024 Connolly and Mott v. The second development in the case is that on March 22, 2024, the attorneys for Drs. a state-of-the-art home gym, salon, yoga room. No pickleball court. District Court, Maryland.

Appraisal 76

Appraisal Contracts Business Construction 76

Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. housing market presents a landscape of contrasts and evolving dynamics. Is The Housing Market OK?

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%

Inventory 448

Inventory Buyers Agents Real Estate 448

Housing Wire

APRIL 3, 2023

Reffkin has set the ambitious goal for Compass, the largest brokerage in America by sales volume , to be cash flow–positive by the end of June, even amid the biggest housing market slowdown in years. This meant slowing growth or contraction at a lot of previously high-flying proptech companies.

Brokerage 371

Brokerage Real Estate Housing Market Business 371

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. The mortgage market is projected to slip further, however, to $1.74 With rates at escalated levels, it is affecting home buyers facing affordability challenges. .

Contracts 395

Contracts Government Mortgage Buyers 395

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

Sellers 480

Sellers Marketing Inventory Contracts 480

Housing Wire

MAY 6, 2024

The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. On May 16, Altos Research is hosting its monthly webinar, where we dive deep on all of the local data trends, as well as the leading indicators for what should happen the rest of 2024.

Inventory 449

Inventory Contracts Sellers New Listings 449

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The bearish take is that there are many more sellers than buyers and inventory is rising. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023.

Sellers 506

Sellers Marketing Inventory Contracts 506

Housing Wire

SEPTEMBER 19, 2023

Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This “higher for longer” conventional wisdom is working its way through the housing market. This change in buyer expectations is adding to the slowness right now. That’s 12% fewer than last year.

Housing Market 471

Housing Market Marketing Inventory New Listings 471

Appraisal Today

MARCH 15, 2024

However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. If you are a paid subscriber and If you are a paid subscriber and did not get the March 2024 issue emailed on Friday March 1, 2024, please email info@appraisaltoday.com , and we will send it to you.

Appraisal 68

Appraisal Inspection Modernization Business 68

Housing Wire

APRIL 1, 2024

All of these signals point to rising home sales in 2024. There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. That brings us to 367,000 single-family homes in the contract pending stage.

Inventory 488

Inventory New Listings Contracts Sellers 488

Empire Appraisal Group

JANUARY 11, 2023

Some housing markets may see an uptick in homebuying activity at the beginning of the year, especially if mortgage rates continue receding from a recent high of 7%. Still, mortgage rates are more than double what they were a year ago, ramping up rapidly this fall and walloping housing affordability. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 282

Construction Retail Mortgage Contracts 282

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I The 90-day average number of new listings as of mid-March 2024 was 170 in Naples-Marco Island, and 432 in Cape Coral-Fort Myers).

Insurance 438

Insurance Inventory Marketing Real Estate 438

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. Could the housing market change and slow again in 2024? That’s certainly possible.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 478

Housing Market Inventory Contracts Marketing 478

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. housing market now. That’s frankly surprising given how cold the housing market froze last fall. New contracts dipped as affordability is out of reach for so many.

Contracts 429

Contracts Inventory Housing Market Buyers 429

Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 2024. Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

Real Estate 466

Real Estate New Listings Contracts Inventory 466

Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. housing market for the week of April 22. We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June.

Inventory 520

Inventory New Listings Sellers Contracts 520

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. So the new pendings dipped last week too, to just 65,000.

Inventory 491

Inventory Contracts New Listings Sellers 491

Housing Wire

DECEMBER 19, 2022

This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. In December, builder confidence in the market for newly built single-family homes fell two points compared to November.

Contracts 441

Contracts Construction Buyers Housing Market 441

Housing Wire

OCTOBER 31, 2023

To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market. This would be the first inkling of a housing market where sales could start to post year-over-year gains. Don’t have time? That’s up 1.5%

New Listings 508

New Listings Inventory Contracts Housing Market 508

Housing Wire

FEBRUARY 20, 2024

The housing market data has been changing very rapidly this year. New listings rise New listings continue to show us that more sellers are interested in this market this year. With just under 50,000 new listings unsold coming to the market this week, that’s now 16% more than the same week a year ago.

Mortgage 513

Mortgage Inventory Sellers New Listings 513

Housing Wire

JANUARY 29, 2024

We shared that sales growth data back in December as it was happening in the housing market. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases.

Contracts 446

Contracts Inventory Housing Market Mortgage 446