Housing Wire
MAY 8, 2024
We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Compass has the best value proposition for buyers of any brokerage firm,” Reffkin said. million to 5.6
Housing Wire
MAY 12, 2023
The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition. The buyer inherited a lender that produced $891 million in mortgage loans in Q1, compared to $1.7 The buyer will also assume $500 million in Home Point’s senior notes due in February 2026.
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Housing Wire
DECEMBER 13, 2023
For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. We’re probably at an inflection point where rates have come down enough that more buyers are coming back into the marketplace,” said Melissa Cohn, regional vice president of William Raveis Mortgage.
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. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate. in 2024, followed by 5.5%
Housing Wire
APRIL 27, 2022
I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. The loan profile of buyers during the post-2010 expansion is excellent, so when the next job loss recession happens, we won’t lose as many homeowners (compared to what occurred after the Great Recession).
Will Springer Realtor
JANUARY 9, 2024
Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. Inventory fell in terms of months of supply across the county. months’ inventory was available as of Jan.
Appraisal Today
FEBRUARY 2, 2024
To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context.
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