Housing Wire

MARCH 7, 2024

For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market experts interviewed recently by HousingWire. And future rate cuts mean less return [for investors].

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Sacramento Appraisal Blog

JANUARY 4, 2024

What’s the housing market going to do in 2024? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly by topic or digest slowly.

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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. I have stressed that housing doesn’t move like the stock market. months in April and 2.5

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Housing Wire

FEBRUARY 15, 2024

“We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. Last year, we reduced our marketing spend by over 60% versus the prior year, as elevated spreads made our marketing spend less efficient,” Wheeler said.

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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 and 6.16 million to 4.98

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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. It seems to me they didn’t want to make that same mistake today.” “I

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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. It sets up a domino effect [for market activity].”

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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. Treasury market — jumping to as high as 121 in mid-April after ending March near 85. They crested near 7.6%

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Marketing Mortgage Investors Sellers 388

Housing Wire

DECEMBER 7, 2023

7, according to Freddie Mac ‘s Primary Mortgage Market Survey. 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. for the first time since September, according to new data from Freddie Mac.

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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. These strategic investments are resulting in cost ratios that are somewhat elevated given we are in a market with historically low transaction volumes,” Eppinger said.

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Marketing Investors Housing Market Investing 394

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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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 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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Inventory Marketing Housing Market New Listings 464

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

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. “The largest, undisrupted market in the U.S.,” presentation slide for investors in the SPAC that took it public, also in 2020. CEO Brian Baird offered investors an upbeat attitude about the company’s future. “We

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Marketing Inventory Renovations Investors 408

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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Housing Wire

NOVEMBER 7, 2023

Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year. million in revenues in Q3, within the range of $40 million to $42 million provided during its investor day in September. million year over year.

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Housing Wire

FEBRUARY 27, 2024

Despite these massive headwinds, we have positioned Compass for significant upside when the market begins to recover.” Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5% Compass’ other financial results also showed improvements over 2022.

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Agents Brokerage Buyers Training 354

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. Late last year, many listings sat on the market as buyers sat on the sidelines, hoping for rates to drop,” said Godwin, a Seattle-based agent. of investors have priced in a cut of at least a quarter point in March.

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Housing Wire

JANUARY 18, 2024

11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. The 30-year fixed-rate mortgage averaged 6.6%

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Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. Still, a sluggish to slightly better forecast for 2024 beats the hardscrabble path of retrenchment the industry endured in 2023.

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Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. trillion, before an expected 19% rebound in 2024 as rates finally start to trend downward,” Broeksmit said in a statement. in 2023, reaching an annualized rate of 4.15

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Mortgage Inventory Housing Market Realtors 428

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.

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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. “The market has changed a lot. . “The market has changed a lot.

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Housing Wire

NOVEMBER 9, 2023

9, according to Freddie Mac ‘s Primary Mortgage Market Survey. Many consumers are feeling strained by the high cost of living, so unless mortgage rates decrease significantly, the housing market will remain stagnant.” New inflation data comes out Tuesday, giving investors more clues on the Fed’s path moving forward.

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Mortgage Inventory Investors Housing Market 457

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. All in all, for the real estate market, I don’t think today’s pronouncements move the market one way or the other.

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Real Estate Mortgage Investors Law 394

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 In total, $1.8

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Contracts Investing Mortgage Investors 368

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. Even though the rates are higher now, I think it’s a great market for a first-time homebuyer,” Saghafi said.

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Loan Officers Mortgage Buyers Inventory 398

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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Inventory Housing Market Marketing Mortgage 545

Housing Wire

APRIL 25, 2024

million home sales in 2024, a 9% increase from 2023. Some of these all-cash buyers are investors, but the majority are repeat homebuyers who are able to roll equity from a home sale into their next purchase. These buyers are much less sensitive to mortgage rates and will be better positioned to remain in the market this spring.”

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Inventory Buyers Realtors Investors 405

Housing Wire

NOVEMBER 2, 2023

2, according to Freddie Mac ‘s Primary Mortgage Market Survey. 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.” However, mortgage rates still remain at a 23-year high.

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Mortgage Investors Housing Market Marketing 459

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. Kelman said Redfin could use that technology to market properties listed by Redfin directly to consumers.

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Agents Technology Housing Market Training 412

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

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

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. He said leaders are confident that these areas can “grow into a meaningful revenue business.”

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Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! I have never believed in this concept because of how the housing market credit channels work.

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Inventory New Listings Housing Market Sellers 519