Housing Wire

APRIL 22, 2021

I’ve had a few couples from New York — Manhattan and Brooklyn — that come down here armed with cash, but inventory is low and there’s nothing for them. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “It’s just an inventory problem right now,” Sutton said.

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Buyers Inventory Renovations Realty 420

Housing Wire

APRIL 8, 2021

To recap, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening mortgage credit. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. metros, according to Zillow.

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Buyers Mortgage Housing Market Government 507

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

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Lending Marketing Technology Contracts 300

Appraisal Buzz

MAY 20, 2024

A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. When the market enters a phase more favorable to sellers, appraisers may find themselves caught in a crossfire between what buyers think is fair and what the homeowner expects.

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Appraisal Marketing Sellers Valuation 370

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.

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Real Estate Agents Marketing Sellers 421

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. Fix’n’flip.

Housing Market 420

Housing Market Marketing Inventory Lending 420

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP.

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Real Estate Agent Real Estate Buyers Realty 438

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

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Inventory Housing Market Lending Buyers 430

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. There are a lot more as-is offers being made out there than I would ever see before.

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Loan Officers Retail Finance Buyers 346

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There are also advantages to working with buyers in a less competitive marketplace. What we’re seeing is just increased competition over every deal.

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Loan Officers Mortgage Inventory Clients 386

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

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Inventory Law Housing Market Design 543

Housing Wire

DECEMBER 28, 2022

First, mortgage lending standards have remained high after the last bubble. The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. This time, declining prices are likely tempering the pace of inventory going onto the market rather than accelerating.

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Housing Market Marketing Inventory Mortgage 478

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates. Push for tech.

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Mortgage Inventory Real Estate Technology 503

Housing Wire

FEBRUARY 28, 2021

That said, low rates and an inventory shortage have created a competitive market, and buyers have high expectations. Buyside Home Lending Pal Sales Boomerang. With the current remote-friendly lifestyle offering homebuyers more flexibility, real estate professionals have more opportunity than ever.

Real Estate 358

Real Estate Inventory Lending Housing Market 358

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.)

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Agents Buyers Sellers Inventory 385

Housing Wire

MARCH 6, 2023

Price impacts could strengthen again if 30-year rates continue to climb, as they have through late February, although tight inventory will put a floor on how much prices will ease, the report noted. Black Knight expects the annual home price growth rate to fall below 0% by March or April. As of the week ending Feb. With 30-year rates at 6.5%

Housing Market 377

Housing Market Marketing Inventory Sellers 377

Housing Wire

JUNE 5, 2023

Jorden Brok and Brett Lotsoff are producing area managers and SVPs of mortgage lending at Revolution Mortgage and are tasked with expanding the company’s footprint in the greater Chicago area. “We should see more purchase activity from existing homeowners once rates and/or home prices come down a bit.

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Loan Officers Mortgage Lending Retail 368

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. MYTH: A VA loan can only be accessed once.

Mortgage 424

Mortgage Renovations Appraisal Process Finance 424

Housing Wire

AUGUST 17, 2022

Articles about rates, housing inventory and inflation were among our most popular, including: Purchase mortgage rates fall same week as Fed rate hike New home sales make it clear, housing is in a recession The nation’s housing market is on a correction course. This theme wasn’t limited to white papers.

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Housing Market Marketing Insurance Inventory 375

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 379

Housing Wire

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06

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Inventory Mortgage New Listings Home Value 380

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Launched in September 2023, the company secured $1.25

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Mortgage Buyers Agents Real Estate Agent 393

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter.

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Marketing Inventory Loan Officers Buyers 354

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase.

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Lending Renovations Finance Investors 360

Housing Wire

DECEMBER 1, 2023

The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan. Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation.

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Finance Buyers Mortgage Inventory 384

Housing Wire

DECEMBER 12, 2022

Mortgage rates were on a declining trend in November despite the Federal Reserve ‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in this volatile market. Rate lock dollar volume was down 21.5% The consumer price index — which measures prices paid by U.S.

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Mortgage Inventory Lending Investors 372

Housing Wire

JUNE 17, 2022

Amanda Hill: My first job for a small but innovative bank when I was still in college…I started as a teller, but when I was bored, they taught me to assist in other areas and lending captured my interest! I changed positions every 6-9 months, learning more at each level, and I eventually ran the entire mortgage lending department.

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Modernization Inventory Tools Lending 299

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

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Inventory New Listings Law Housing Market 380

Housing Wire

JULY 27, 2021

housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Presented by: Acra Lending. Phoenix’s 25.9%

Housing Market 381

Housing Market Inventory Finance Buyers 381

Housing Wire

JULY 20, 2023

The way I look at it is, most of us on the lending side have at this point cut or right sized or eliminated as much as we possibly can on the cost side of the business last year,” Lamb said. New builds are a bright spot in a bleak housing market as buyers seek new builds due to the lack of resale inventory.

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Loan Officers Brokerage Real Estate Lending 238

Housing Wire

JUNE 21, 2021

The severity of shortages in for-sale inventory seems to be a key driver behind the 3.4% The data giant attributed this rise as a result of increased jumbo lending and consistent home price appreciation. Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay.

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Lending Sellers Housing Market Buyers 429

Housing Wire

JULY 12, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. . With higher rates and elevated home prices, more prospective buyers are applying for ARMs, but activity remains below historical averages,” Kan said. The conventional MCAI rose 1.2%

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Mortgage Government Inventory Lending 378

Housing Wire

MARCH 25, 2022

Most importantly, it supports our industries of housing, technology, real estate and lending. Arjun Dhingra: I think for housing it will still be all about inventory and interest rates. HousingWire is an amazing resource to all of us and anything they are doing for our space is something that should be supported by all.

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Inventory Technology Real Estate Agent Tools 333

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

Housing Market 371

Housing Market Marketing Inventory New Listings 371

Housing Wire

SEPTEMBER 29, 2023

“I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching. Instead of Mary and Bob Smith buying a place, it’s Mary and Bob Smith and Bob’s mom,” said Dominic Carlucci, sales manager at CMG Home Loans.

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Loan Officers Mortgage Buyers Finance 400

Housing Wire

MAY 17, 2023

Keith Lind, CEO of Acra Lending , which launched a fix and flip lending program last year, said there are a lot of “compounding issues” now facing investors in the space. “A A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 351

Finance Marketing Renovations Investors 351

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. There were clear consequences from the last spike.

Housing Market 299

Housing Market Marketing Loan Officers Buyers 299