Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. As of Oct.

Loan Officers 417

Loan Officers Mortgage Technology Realtors 417

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. Of those who plan to remain in their homes, about one-third (36%) specifically cite high interest rates as the reason for staying put.

Mortgage 382

Mortgage Finance Investing Home Value 382

Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. The regulator compares home prices year over year and adjusts the limit by the corresponding amount.

Finance 532

Finance Government Law Mortgage 532

Town & Country Residential Appraisals

DECEMBER 4, 2023

Insurance companies see these homes as risky, making it harder and more expensive to get coverage. How It Affects Your Home's Value Now, let's get to the point – how does knob and tube wiring impact your home's value? This can also have a negative impact on the insurability of the home due to the safety concerns.

Home Value 56

Home Value Insurance Buyers Modernization 56

Appraisal Buzz

MAY 6, 2024

Stan Middleman, Chairman and CEO of Freedom Mortgage, spoke of some insurers writing policies without coverage for wind to limit liability and losses, in response to rising instances of storm damage. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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HOA Insurance Legal Fees Valuation 366

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. However, there are two popular options lenders use with buyers. Yes, we’re talking about a bridge loan.

Buyers 542

Buyers Finance Home Value Real Estate 542

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

Mortgage 446

Mortgage Technology Investing Investors 446

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level.

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Inventory Home Value Housing Market Buyers 462

Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 454

Finance Real Estate Agent Real Estate Insurance 454

Housing Wire

OCTOBER 3, 2022

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. With mortgage rates at 6.7% With mortgage rates at 6.7%

Inventory 525

Inventory Home Value Housing Market Mortgage 525

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 446

Housing Market Marketing Insurance Mortgage 446

Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. Meanwhile, the piggyback HELOC, which provides an additional loan taken out on property alongside a first mortgage, is ideal for borrowers with less available for a down payment.

Home Value 383

Home Value Investing Insurance Mortgage 383

Empire Appraisal Group

DECEMBER 1, 2022

Buyers Waited for Falling Prices? Source: Buyers Waited for Falling Prices? Some buyers waited for bargain homes that appeared after the Great Recession – but to counter higher mortgage rates, year-to-year prices have to drop 45%. The post Buyers Waited for Falling Prices? Big Mistake.

Buyers 78

Buyers Realtors Mortgage Appraisal 78

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06 Prior to the pandemic, buyers paid closer to 0.5 and rate/term accounting for just 4.6%.

Inventory 383

Inventory Mortgage New Listings Home Value 383

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 407

Housing Wire

JANUARY 16, 2024

In addition to the nearly 30% of empty-nest baby boomers who own large homes and addition 7.5% of baby boomers with a household of three adults or more own three-bedroom-plus homes. This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one.

Inventory 469

Inventory Home Value Mortgage Buyers 469

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

MARCH 29, 2023

Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.”

Contracts 304

Contracts Realtors Home Value Housing Market 304

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 427

Lending Home Value Mortgage Renovations 427

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. When mortgage rates rise, two things always happen here in America.

Buyers 529

Buyers Housing Market Mortgage Marketing 529

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. In order for investors to qualify for the credit, buyers must make no more than 140% of area median income.

Renovations 505

Renovations Development Investors Legal 505

Appraisal Buzz

MAY 19, 2022

Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates. Year-over-year home value growth set a record for the 13th consecutive … The post Housing Market Moving at Record Speed appeared first on DSNews.

Housing Market 150

Housing Market Marketing Home Value Real Estate 150

Housing Wire

JANUARY 25, 2023

Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. As inflation eases, so will long term mortgage rates. The overall U.S.

Housing Market 427

Housing Market Marketing Inventory Sellers 427

Housing Wire

APRIL 7, 2021

“The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” And approximately 60% said the move led to positive life events, such as a bigger home, a cheaper mortgage, and new experiences in a new city and state. Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.

Housing Market 417

Housing Market Marketing Inventory New Listings 417

Housing Wire

MAY 4, 2022

A housing bubble can generally be defined as an unsustainable period of house price growth generated by artificial demand, as was the case in the mid-2000s when demand surged because of wider access to mortgage financing. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s.

Housing Market 383

Housing Market Finance Marketing Mortgage 383

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted.

Inventory 407

Inventory Technology Design Tools 407

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

Home Value 36

Home Value Real Estate Agent Real Estate Realtors 36

Housing Wire

NOVEMBER 24, 2021

HW Media CEO Clayton Collins recently spoke with Ernie Graham, CEO and Co-founder at Homebot , to dive into what it really means for mortgage professionals to create clients for life , and how Homebot is doing that through the entire home-buying process, starting with home search. “It

Loan Officers 406

Loan Officers Clients Home Value Tools 406

Housing Wire

FEBRUARY 1, 2021

Auctions efficiently ensure the highest and best offer — good for the distressed homeowner, surrounding neighborhood and the mortgage servicer. Pre-foreclosure sales as a foreclosure alternative also benefit neighborhoods by limiting the volume of vacant properties, which drag down surrounding home values. Falling Short.

Buyers 406

Buyers Mortgage Marketing Home Value 406

Housing Wire

MAY 25, 2021

Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1% Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. increase and Seattle with a 18.3%.

Supply Chain 407

Supply Chain Inventory Buyers Construction 407

Housing Wire

JULY 14, 2021

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. Home prices in seasonal towns, meanwhile, rose 28% year over year to $468,000 in June.

Home Value 437

Home Value Contracts Lending Mortgage 437

Eppraisal

DECEMBER 8, 2023

This will help you determine a realistic budget for your future home. Aim for a mortgage payment that comfortably fits within your financial capabilities, leaving room for unexpected expenses. Get Pre-approved for a Mortgage Take the uncertainty out of your home search by getting pre-approved for a mortgage.

Buyers 36

Buyers Home Value Property Taxes Real Estate Agent 36

Housing Wire

JUNE 10, 2022

Buyer morale is at an all-time low for good reason. Affordability from a home price/down payment perspective is the worst it’s ever been, meaning extreme barriers to entry,” according to a Bank of America Global Research note published in March. Compared to the average 3.2% A disproportionate impact.

Real Estate 395

Real Estate Buyers Mortgage Insurance 395

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. million homes bought and sold in the U.S. According to data from Statista , there were roughly 5.95 last year.

Loan Officers 395

Loan Officers Real Estate Agent Real Estate Finance 395