Housing Wire
MAY 23, 2024
Improved financial performance for retail lenders coincides with a more stable secondary mortgage market , which has seen spreads narrow since they peaked in fall of 2023. Housing inventory has also climbed from the low poitns of last year , although it remains well below pre-pandemic levels. trillion in 2026. in 2025 and 5.7%
Housing Wire
JULY 25, 2023
Boomer behaivor This, by itself, offers hope for easing the real estate inventory crunch that continues to dampen velocity in the market, along with high interest rates. This could put a significant number of homes, particularly single-family properties, on the market over the next decade.
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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. For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. in 2025, indicating four more 25 bps cuts.
Housing Wire
MAY 29, 2024
Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of existing-home sales inventory. Future renewals?
Housing Wire
MAY 8, 2024
In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.
Housing Wire
JUNE 2, 2023
Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot.
Housing Wire
DECEMBER 26, 2023
According to George, there will be “a small amount” of cash-out refinances, and the purchase market might see “a little bit of an improvement,” but overall, 2024 “doesn’t look better.” ” Additionally, predicting the market recovery’s timing is challenging. But it’s possible.
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