Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

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Mortgage New Listings Loan Officers Inventory 485

Housing Wire

MARCH 5, 2024

by early 2025. home price gains reached their highest rate in a year in January, according to CoreLogic ’s Home Price Index (HPI). But the data provider forecasts yearly growth to begin slowing in the coming months and fall to 2.6% annual home price growth rose by 5.8% in January 2024. On a monthly basis, home prices increased by 0.1%.

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Mortgage Marketing Inventory Housing Market 450

Housing Wire

DECEMBER 19, 2023

The group projects a return to growth in 2025. 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.

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Inventory Mortgage Housing Market Finance 441

Housing Wire

DECEMBER 22, 2023

Still, an interest-rate drop and soft landing for the economy, if the latter is truly achieved, will break some of the ice in a chilled housing market. Over the next three years, including 2023, [we estimate] sub-$4 trillion [in MSR trades], maybe in the high $3 trillion [range], and again that’s for 2023 through 2025,” Piercy said.

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Mortgage Marketing Housing Market Buyers 441

Housing Wire

MARCH 8, 2023

The rough Q4 underscores the fact that loanDepot’s “Vision 2025” plan, which includes rightsizing its operations, will take many quarters to improve financial performance and return the lender to profitability. Vision 2025 initially projected loanDepot’s headcount to be 6,500 as 2022 came to a close.)

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Appraiserblogs

FEBRUARY 15, 2024

Fannie Mae and Freddie Mac have issued a clarion call to all appraisers to pitch in and help build the gallows from which they will hang us all in 2025. Grab some nails, get your hammer, pick up that saw and let’s build a new gallows… I mean model, that gives lenders everything they want and need to inflate the housing market into.

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Housing Wire

AUGUST 2, 2023

With the resilient but still slower housing market conditions of the second quarter of 2023, Zillow reported that traffic to its apps and site was at 226 million average monthly unique users, down from 234 million a year ago. He highlighted the launch of Listing Showcase by ShowingTime+ last June in select markets.

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Agents Finance Sellers Housing Market 370

Housing Wire

SEPTEMBER 22, 2023

Meanwhile, mortgage rates are not expected to cool anytime soon as the Fed announced on Wednesday that interest rates were likely to remain higher than anticipated heading into 2024 and 2025. Buyers who can afford to jump into the market now might see the incentive to do so before home prices and/or interest rates go up even more.

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New Listings Inventory Buyers Mortgage 458

BiggerPockets

JULY 21, 2023

In a recent economic outlook by Morningstar, the housing market affordability is currently mimicking the peak of the housing bubble in 2006. This similarity is due to a combination of mortgage […]

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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

NOVEMBER 1, 2023

“We believe the pay-to-play marketplace is a step backwards for consumers and the industry as a whole and we very much like our position and growth plan in a market structure the continually evolves towards our principles of access, independence and transparency,” he said. It’s a year of execution as we prepare to scale in 2024 and 2025.

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Real Estate Advertising Agents Realtors 458

Mortgagebroker News

APRIL 7, 2022

The current government is likely to be in office until 2025, with an ambitious housing plan in the works

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Government Housing Market Marketing 69

Housing Wire

DECEMBER 22, 2020

According to the release, the company’s new job offerings in 2021 include sales, marketing, fulfillment, tech, administration and executive management and will average its salaries at $87,500 per year. By 2025, the state estimates more than $47.3 million in annual payroll will have impacted the Charlotte region.

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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. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Mortgagebroker News

MARCH 30, 2022

The agreement should see Prime Minister Justin Trudeau remain in power until at least 2025

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Housing Wire

APRIL 6, 2023

MBA’s forecast calls for mortgage volume to decline again in 2023 before an expected rebound in 2024 and 2025,” Walsh said. “There is no denying the very difficult circumstances in which mortgage companies are still operating today.

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Valuation Mortgage Inventory Business 397

Housing Wire

DECEMBER 26, 2023

Additionally, analysts believe the steep decline of the housing market over the past 18 months and the commission lawsuits may lead many low producing or more casual agents to leave the business, allowing the top performing agents, who typically have a higher commission split with their broker, to gain more market share.

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Brokerage Mortgage Agents Bracketing 450

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. trillion in 2025, according to forecasts from the Mortgage Bankers Association (MBA). economy remains hot.

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Loan Officers Mortgage Buyers Inventory 421

Housing Wire

SEPTEMBER 7, 2023

The second quarter of 2025 is when inflation will lower and three years of elevated interest rates or approx. 15 million loans will neutralize, and refi market will be upon us. “The next 18 months will be brutal for those who are not willing to do it. We will be ready for it.” ”

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Retail Loan Officers Business Lending 397

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. million — once that happens, I can take the unhealthy label off the housing market.

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Housing Market Marketing Inventory Lending 397

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” He added that is why so many investors are “coming off the sidelines.” “The

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Housing Wire

AUGUST 10, 2023

Despite the challenging mortgage environment, Blend reiterated its goal in reaching its non-GAAP profitability goal by 2024 from the originally planned timeline of 2025. “We believe this shift in payment terms should improve our overall free cash flow with more fees being paid in advance.”

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Mortgage Business Technology Design 370

Housing Wire

FEBRUARY 9, 2022

To make matters worse, home-price growth in 2020 and 2021 was so high that it surpassed the five-year price-growth model of 23% I had set for 2020-2024, and that was just to be in an OK position going into 2025. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

To make matters worse, home-price growth in 2020 and 2021 was so high that it surpassed the five-year price-growth model of 23% I had set for 2020-2024, and that was just to be in an OK position going into 2025. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 23, 2024

housing market. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024.

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Housing Market Marketing Retail Mortgage 466

Housing Wire

MAY 28, 2021

Aditya Udas: From Iron Mountain’s perspective, mortgage custody directly impacts liquidity in the housing market. There are approximately 55 million files currently held by document custodians, which is expected to grow to 61 million by 2025. Basically, all loans that are sold to the secondary market are stored by custodians.

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Mortgage Investors Tools Technology 432

BiggerPockets

NOVEMBER 19, 2022

Most economists agree: Housing prices are expected to fall, nearing a bottom sometime between 2024 and 2025 before rebounding. That’s the opinion of analysts at Goldman Sachs, Wells Fargo, Moody’s Analytics, Capital Economics, The National […].

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Housing Market Marketing 73

Housing Wire

DECEMBER 3, 2020

Wildfire-relief funding generated by the law is not expected to be dispersed until 2025, according to the Los Angeles Times. “It is CAR’s job and our job as Realtors to continue to educate people who may have felt ‘stuck’ for decades as home prices have increased so dramatically.”.

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Property Taxes Realtors Law Inventory 408

Housing Wire

FEBRUARY 5, 2024

This new effort continues the progress we made in 2023 and is particularly important in today’s housing market, where elevated rates and low supply have created affordability challenges for many families,” Mittal added. The credit will be effective for whole loans purchased on or after March 1, 2024 until Feb.

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Mortgage Finance Insurance Government 522

Housing Wire

MARCH 8, 2024

Consumer sentiment toward housing inched higher for a third consecutive month as respondents feel increasingly optimistic about home selling conditions. housing market and consumer confidence to buy or sell a home, rose 2.1 trillion in 2025, up from $1.50 points in February to 72.8. The full index is up 14.8

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Housing Market Development Mortgage Buyers 479

Housing Wire

FEBRUARY 27, 2024

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. We expect these projects to pay off throughout 2024 and 2025.”

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Brokerage Housing Market Renovations Real Estate 421

Housing Wire

MARCH 21, 2024

” Hawley said that credit report “cost increases will be borne by homebuyers who are already facing the worst housing market in the country’s history.” “This is, in short, a company abusing its market power to pad its bottom line and make life worse for Americans.”

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Mortgage Government Marketing Business 450

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026.

Mortgage 458

Mortgage Buyers Inventory Technology 458

Housing Wire

NOVEMBER 21, 2023

Let’s not sugarcoat it: 2023 was a bad year for the housing market. will avoid a recession, mortgage rates will fall, incomes will continue to rise and an uptick in listings will spur more housing activity. Mortgage rates eclipsed 8% at one point, inventory hit all-time lows, and home prices continued to climb.

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Inventory Housing Market Mortgage Marketing 466

Housing Wire

FEBRUARY 7, 2024

Consumer sentiment toward housing reached its highest level since March 2022, fueled by increased confidence in job security and a higher share of people who expect mortgage rates to decrease. housing market and consumer confidence to sell or buy a home — rose 3.5 trillion in 2025, up from $1.50 points in January to 70.7.

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Mortgage Housing Market Marketing 515

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. We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.

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Inventory Housing Market Mortgage Law 466

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% Fed officials expect interest rates to be at 5.1%

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Real Estate Mortgage Buyers Inventory 421