Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2

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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

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. in Q1 2024, up from 55.0% in Q1 2023. in Q1 2023.

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Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. So you’re having to encourage investors with wider spreads to accept that.

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Housing Wire

JANUARY 29, 2024

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry.

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BiggerPockets

MAY 23, 2024

The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would […]

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020.

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Housing Wire

JUNE 21, 2022

Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years. You don’t get a margin call at noon and are forced to sell your house in seconds.

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Housing Wire

DECEMBER 7, 2023

He noted that while the drop in mortgage rates initially prompted an uptick in mortgage demand, it’s not enough to attract more homebuyers to the housing market. by the end of 2024. Declining interest rates will also breathe some life back into Southern California housing markets next year with an anticipated rebound.

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Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. million to 4.98 million in January 2019.

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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. billion, according to a review of bond-rating and industry reports.

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Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. The firm’s title segment reported $1.7

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Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. However, that hasn’t been the case so far in 2024. NAR: Total housing inventory registered at the end of March was 1.11 This is never a good thing for housing.

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Appraisal Buzz

JUNE 13, 2024

State of the industry report ServiceLink’s addition of Johnson comes at a pivotal time in the industry as potential buyers struggle with affordability issues amid a market of record high home prices. In addition, 47% of all respondents, those who purchased a home or tried to purchase a home over the past four years, plan to purchase in 2024.

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BiggerPockets

DECEMBER 18, 2023

What will the housing market look like for real estate investors in 2024? Will the much-predicted recession finally hit the U.S. Will interest rates come tumbling down as a […]

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Housing Wire

NOVEMBER 7, 2023

million in revenues in Q3, within the range of $40 million to $42 million provided during its investor day in September. On track to profitability in 2024 On the expenses side, non-GAAP operating costs in Q3 totaled $38.2 Executives had set a goal of achieving positive cash flow by 2026 in its investor day in September. ​​As

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Housing Wire

JANUARY 25, 2023

The company notified its clients earlier this month that based on the S&P CoreLogic Case-Shiller US National Home Price NSA Index’s projected decline, the housing market has fallen out of favor with Goldman Sachs. The company is eyeing the San Jose, Austin, Phoenix, and San Diego markets in particular.

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BiggerPockets

JANUARY 24, 2024

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and […]

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Housing Wire

JUNE 13, 2024

That’s a place where rates are really having a significant effect,” Powell said during a press conference after Wednesday’s meeting of the Federal Open Markets Committee (FOMC). for the rest of 2024.” The median federal funds rate at the end of 2024 is expected to be 5.1%, compared to 4.6%

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Housing Wire

FEBRUARY 27, 2024

Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5% We believe that 2023 was the bottom of the downturn and we are constantly prepared for a better 2024,” Reffkin said. million) was nearly half of what it was in 2022, at $601.5

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Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. Executives at First American also lamented the challenging housing market conditions posed in 2023. billion in 2023 and a net income of $30.4

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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.

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Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. by the end of 2024 from the current federal funds rate range of 5.25%-5.5%. The Fed next meets on Jan.

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Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. Redfin doesn’t expect sub-6% rates in 2024 Mortgage rates will decline in 2024, but it won’t be a straightforward path, Redfin economists warn. Indeed, with a 6.7% As of Monday, 97.9% As of Monday, 97.9%

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Housing Wire

OCTOBER 26, 2023

trillion, before an expected 19% rebound in 2024 as rates finally start to trend downward,” Broeksmit said in a statement. The housing market remains resilient However, recent home sales readings stressed the resiliency of the housing market as buyers kept shopping despite the challenging environment.

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Housing Wire

DECEMBER 22, 2023

The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal improvements in some sectors as others tread water or retreat slightly, industry players who spoke with HousingWire predict. said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

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BiggerPockets

MAY 30, 2024

The housing market is an increasingly challenging place for investors right now. This article is presented by PropStream. Read our editorial guidelines for more information. The costs of investing in real estate […]

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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. For example, Freedom raised $1.3

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Housing Wire

NOVEMBER 9, 2023

Many consumers are feeling strained by the high cost of living, so unless mortgage rates decrease significantly, the housing market will remain stagnant.” While some homebuyers are already jumping on the opportunity to snag a lower rate, others will wait for 2024 in the hopes of finding even lower rates and more homes on the market.

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Housing Wire

JANUARY 31, 2024

One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to cut interest rates in March as investors had hoped. Treasurys , which move based on anticipation about the Fed’s actions, what the Fed actually does and how investors react.

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Housing Wire

NOVEMBER 9, 2023

Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year. We’re getting more of the mom-and-pop investors, and it tells me that they have confidence in the housing market,” he said. “I But the company will likely fund more loans in 2024 than it did this year, he said. “I

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Housing Wire

OCTOBER 11, 2023

loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way. “We are still likely to face a tough market in 2024. on Wednesday.

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Housing Wire

NOVEMBER 2, 2023

Coupled with geopolitical uncertainty, this ambiguity around monetary policy will likely have an impact on the overall economic landscape and may continue to stall improvements in the housing market.” According to Hannah Jones, economic research analyst at Realtor.com , this will keep upward pressure on mortgage rates. “In

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . million until then as well. million.

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Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” he posited.

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Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. He also noted that Redfin could open the platform to other listing agents who work with Redfin as partners. million.

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