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. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

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Loan Officers Mortgage Buyers Inventory 379

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. Housing inventory climbed late in the year as mortgage rates rose. Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024.

Sellers 425

Sellers Marketing Inventory Contracts 425

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. However, a cool-down in prices is not the same thing as a housing crash. We are currently a t 1.7

Housing Market 391

Housing Market Marketing Inventory Lending 391

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% ” .

Mortgage 375

Mortgage Investors Inventory Housing Market 375

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. in 2025, indicating four more 25 bps cuts. What does this mean for mortgage rates? Mortgage rates should get better. When Treasury yields go down, so do mortgage rates.

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Inventory Housing Market Mortgage Law 457

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1%

Real Estate 370

Real Estate Mortgage Buyers Inventory 370

Housing Wire

FEBRUARY 27, 2024

Redfin’s mortgage revenue was $26 million, down 8% from last year’s $28 million figure. In a dreadful housing market, Redfin got more efficient in the fourth quarter, again improving gross margins and operating margins, even as we laid the foundation for meaningful long-term growth,” Redfin CEO Glenn Kelman said in a statement.

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Brokerage Housing Market Renovations Real Estate 330

Housing Wire

SEPTEMBER 22, 2023

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. 17, according to a new report from Redfin.

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New Listings Inventory Buyers Mortgage 421

Housing Wire

DECEMBER 26, 2023

But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I I think the three most important factors driving sentiment and action next year are going to be supply, demand and mortgage rates.” So, that has always been the concern.”

Brokerage 408

Brokerage Mortgage Agents Bracketing 408

Housing Wire

JUNE 13, 2023

Add Guild Mortgage to the list of lenders offering down payment assistance programs in order to court more buyers at a time when mortgage rates remain elevated. To qualify for the 1% down payment advantage program, buyers must have a minimum credit score of 620 and a 95 to 97% loan-to-value first mortgage.

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Buyers Retail Mortgage Insurance 379

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. They climbed starting Jan. The takeaway?

Inventory 385

Inventory New Listings Sellers Contracts 385

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market. We have calls with lenders every single week in that category.”

Mortgage 366

Mortgage Marketing Buyers Lending 366

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Mortgage rates seem to have finally settled down. The Fed met last week and we escaped dramatic changes in the markets. This annualizes to only 4.3

New Listings 480

New Listings Inventory Contracts Sellers 480

Housing Wire

NOVEMBER 1, 2023

Barton also told listeners that Zillow believes complete disruption to the existence of buyer’s agents is improbable, as the firm believes it is important for buyers to have someone looking after their interests in the homebuyer transaction. However, if buyer’s agency does disappear, Zillow is considering models where the U.S.

Real Estate 424

Real Estate Advertising Agents Realtors 424

Housing Wire

MARCH 7, 2024

“ Since November, there’s greater certainty by the investment community that the hiking cycle is done and that the economy is not falling off a cliff, that the housing market is not falling off a cliff. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac.

Investors 348

Investors Government Mortgage Investing 348

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 385

Mortgage Loan Officers Finance Investors 385

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. Could the market crash from here in the future?

Real Estate 285

Real Estate Marketing Inventory Contracts 285

Housing Wire

FEBRUARY 9, 2022

This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. One thing is certain: potential buyers of all ages are not happy about the current market conditions. So what is going on here?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. One thing is certain: potential buyers of all ages are not happy about the current market conditions. So what is going on here?

Inventory 369

Inventory Buyers Sellers Investors 369

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. . A short history of the housing crash narrative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Construction 364

Construction Development Finance Mortgage 364

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. Despite a challenging financing environment, the Seattle/King County housing market is moving forward. Mortgage rates continue to be the focus of both sellers and buyers, waiting for something to give.

Marketing 60

Marketing Inventory Buyers Sellers 60

Housing Wire

DECEMBER 3, 2020

I work with first-time buyers throughout the county, and the majority of my clients are military and using their VA loans, so they don’t have a lot of liquidity,” said Alanna Strei, a California-based Realtor who said she has a “backlog” of first-time buyers looking to get into a home. The state’s going to make a lot of money.”.

Property Taxes 304

Property Taxes Realtors Law Inventory 304

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. higher than January 2023.

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

JANUARY 23, 2024

Headlines aside, many prospective buyers have explained to me that they want to leap to homeownership but are waiting for prices and/or mortgage rates to come down. Yes, that’s the affordability challenge – meeting buyers in their happy spot as they manage budget responsibilities every month.

Buyers 44

Buyers Landlords Mortgage Real Estate 44

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. This is based on all homes on the market – single-family, townhome and condo – combined.

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Marketing Inventory Buyers Sellers 36

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Slow market with 100% seller financing.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. There are 7.4% from a year ago.

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Finance Inventory Construction Buyers 68

Cornerstone

JUNE 1, 2021

.” Yun said this in response to the high homebuyer demand and rising housing prices we’re currently seeing — which he blamed simply on a shortage of inventory. The housing market right now is actually stable and has been a helpful driver of our economic recovery. Can the market keep up its momentum?

Inventory 52

Inventory Buyers Sellers Investing 52

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. At the same time, the percentage of first-time buyers in the U.S.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders.

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Insurance Sellers Real Estate Buyers 36

Appraisal Today

OCTOBER 6, 2023

2024-2025 USPAP 7-Hour Update Course is being approved or is approved, in the states. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. Builders face diminishing buyer purchasing power and supply constraints, compounding affordability issues. There is a difference.

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next?

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Conch Shell House in Mexico on the island of Isla Mujeres. Purchase vs. refi appraisals.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

MAY 13, 2024

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons.

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HOA Transportation Construction Buyers 36