Housing Wire

AUGUST 25, 2021

Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.” ” Kan also noted that purchase applications for both conventional and government loans increased on the week that ended Aug. of total applications. the week prior.

Mortgage 393

Mortgage Contracts Government Inventory 393

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory.

Inventory 399

Inventory Contracts Government Mortgage 399

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. “We have just started to see buyer demand pick up in recent months, so any disruption to the positive momentum would be a major setback for the industry.”

Mortgage 382

Mortgage Inventory Retail Housing Market 382

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

Agents 400

Agents Buyers Sellers Inventory 400

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate.

Mortgage 379

Mortgage Loan Officers Government Buyers 379

Housing Wire

JANUARY 19, 2022

“The continued rise in purchase loan application sizes is driven by high home price appreciation and the lack of housing inventory on the market – especially for entry-level homes,” Kan said. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased from 3.52% to 3.64%.

Mortgage 391

Mortgage Contracts Government Inventory 391

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 432

Mortgage Renovations Appraisal Process Finance 432

Housing Wire

APRIL 12, 2023

The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines. The MBA shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.3%

Mortgage 362

Mortgage Retail Housing Market Contracts 362

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%

Inventory 404

Inventory Buyers Agents Real Estate 404

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 397

Marketing Mortgage Investors Sellers 397

Realtor

APRIL 14, 2021

Experts say p otential buyers should make pre-approval their first step. Buyers all over the country are facing bidding wars after making an offer. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. .” And did we mention that economists expect mortgage rates to rise?

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

Mortgage 365

Mortgage Marketing Investors Lending 365

Hank Miller Team

MAY 3, 2022

Has the move away from historic inventory shortages and home buyer frustration finally started? Does it matter though if we go from 6 days to 9 days for homes to go under contract? As rates jumped, buyers did as well. Lower inventory and rate of rise as well. the Atlanta real estate market shifting?

Real Estate 52

Real Estate Marketing Buyers Inventory 52

Realtor

APRIL 14, 2021

Experts say p otential buyers should make pre-approval their first step. Buyers all over the country are facing bidding wars after making an offer. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. .” And did we mention that economists expect mortgage rates to rise?

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Eppraisal

DECEMBER 6, 2022

Given the fact that the available inventory of houses is relatively modest -- and has been for a number of years -- it is little surprise that overall home value inches up. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. Combine that with rent and daily expenses, it's no wonder the buyers on the edge fell off when rates jumped. Fewer buyers, fewer contract and sales. Those numbers are rising again.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

Contracts 392

Contracts Inventory Housing Market Buyers 392

Appraisal Today

APRIL 5, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. to 7% range for mortgage rates and anticipated fluctuations will significantly impact buyer affordability and demand. The average contract interest rate for 5/1 ARMs increased to 6.37

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

MAY 10, 2024

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. If buyers cannot get insurance or it is very expensive, it will affect value.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Realtor

MAY 18, 2018

The government-sponsored enterprises have started to use proprietary analytics and property data to value homes. That cost is footed by the loan seeker, whether it’s a buyer getting a mortgage or a homeowner trying to refinance. Should home buyers get a no-appraisal mortgage?

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

The government-sponsored enterprises have started to use proprietary analytics and property data to value homes. That cost is footed by the loan seeker, whether it’s a buyer getting a mortgage or a homeowner trying to refinance. Should home buyers get a no-appraisal mortgage?

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Housing Wire

NOVEMBER 21, 2022

trillion the following year, according to the government-sponsored enterprise. With rates at escalated levels, it is affecting home buyers facing affordability challenges. . In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 trillion in 2023 before climbing to $2.11

Contracts 377

Contracts Government Mortgage Buyers 377

Appraisal Today

JUNE 23, 2023

Later disclosure to buyers), and appraiser data (only available to GSEs and can vary between appraisers). The models aren’t able to think like buyers and sellers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73 The problem? percent from 6.77

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Appraisal Today

JUNE 10, 2022

The latest Zillow Home Price Expectations Survey1 polled more than 100 experts from academia, government and the private sector to gather their opinions on the state of the housing market and future growth, inflation forecasts and recession risks. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.62

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

MAY 5, 2022

As existing home owners potentially put the brakes on buying new homes or on refinancing their existing ones, lenders will rely more on first-time buyers to cut down on attrition during the slowdown. Furthermore, escalating rent inflation in the United States is making home ownership especially attractive for these buyers right now.

Mortgage 366

Mortgage Buyers Technology Lending 366

Appraisal Today

JUNE 9, 2023

Advances in technology, regulatory changes, and GSE (Government-Sponsored Enterprises) requirements have significantly influenced valuation practices, leading to new responsibilities for appraisers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.81

Appraisal 52

Appraisal Advertising Real Estate Contracts 52

Houston Properties

JANUARY 13, 2021

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? If the main growth in personal income came from the government, can’t they just do that every year?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

Marketing 423

Marketing Law Government Mortgage 423

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices.

Real Estate 370

Real Estate Law Development Investors 370

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. What Does Low Inventory Mean for Ohio Land for Sale?

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. From a buyer’s perspective, it couldn’t be worse. Mortgage rates are high, home prices are high, there’s no inventory.” drop (542).

Sellers 60

Sellers Buyers New Listings Inventory 60

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. For example, in a buyer's market, homes tend to remain listed for longer and may sell at a lower price. This is great for you as a buyer but not as a seller.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. The limited supply of homes for sale pushed prices higher despite fewer buyers in the market. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68