Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%.

Realtors 379

Realtors Housing Market Marketing Buyers 379

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March.

Housing Market 385

Housing Market Buyers Marketing Retail 385

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 412

Mortgage Inventory Housing Market Realtors 412

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory.” The number of buyers who are bringing all cash to the transactions has been on the rise.

Inventory 381

Inventory Buyers Realtors Investors 381

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 408

Realtors Buyers Inventory Investors 408

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 430

Mortgage Buyers Loan Officers Marketing 430

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. More recently, however, mortgage applications dipped 6.9%

Mortgage 493

Mortgage Housing Market Realtors Inventory 493

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The housing affordability crisis has pushed potential buyers to the sidelines. offers, according NAR’s REALTORS® Confidence Index.

Buyers 464

Buyers Realtors Inventory Sellers 464

Housing Wire

JUNE 11, 2024

Flyhomes CEO Tushar Garg said in a news release that the timing of the launch coincides with the National Association of Realtors ’ recent settlement regarding agent commissions, which has resulted in extensive changes that will go into effect on Aug. AI is quickly gaining momentum in the mortgage and real estate spaces.

Real Estate 350

Real Estate Real Estate Agent Design Technology 350

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. This has led to a rise in foreign investor purchases of U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. for the past two weeks. 22 was 1.32.

Mortgage 441

Mortgage Inventory Construction Technology 441

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

Mortgage 364

Mortgage Sellers Buyers Housing Market 364

Appraisal Buzz

JUNE 14, 2024

In today’s low-volume market cycle, mortgage originators can build business by focusing on purpose-built loan products designed to overcome the specific challenges homebuyers face in the current market. This represents a competitive challenge for buyers relying on financing.

Marketing 221

Marketing Renovations Construction Finance 221

Appraisal Buzz

MARCH 21, 2024

compared with February 2023, according to the National Association of Realtors (NAR). compared with February 2023. “Housing demand has been on a steady rise due to population and job growth, though the actual timing of purchases will be determined by prevailing mortgage rates and wider inventory choices.”

Inventory 394

Inventory Realtors Investors Buyers 394

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. This week’s near constant mortgage rates may not yet reflect a rise in U.S.

Mortgage 464

Mortgage Inventory Government Construction 464

Housing Wire

DECEMBER 15, 2022

The Federal Reserve’s decision to slow the pace of interest rate hikes this week pushed mortgage rates lower — and it happened in spite of the central bank reiterating that it would continue to tighten its grip on the economy next year. The Mortgage Bankers Association (MBA) expects the recent downward trend in mortgage rates to continue.

Mortgage 340

Mortgage Realtors Real Estate Investors 340

Housing Wire

JANUARY 8, 2024

To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. Granted, mortgage rates aren’t at their pandemic lows, but historically they are in line with what homeowners have typically paid. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier.

Lending 331

Lending Development Investors Finance 331

Appraisal Buzz

APRIL 30, 2024

In today’s mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. Having a strong product base can help buyers access more homes and can establish an MLO as a trusted advisor in more complex home buying processes.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. higher than last year.

Mortgage 376

Mortgage Loan Officers Inventory Retail 376

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. Unfortunately, both have been unfavorable to buyers.”

Sellers 354

Sellers Marketing Inventory Housing Market 354

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. “It has never been more difficult for first-time buyers to purchase a home,” said Court Cunningham, chief executive officer of Orchard.

Buyers 366

Buyers Investors Mortgage Valuation 366

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. The purchase application data has weakened as mortgage rates headed higher earlier in the year.

Inventory 453

Inventory Housing Market Mortgage Marketing 453

Housing Wire

JULY 15, 2022

He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive. In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage.

Real Estate 354

Real Estate Realtors Brokerage Business 354

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. We are going to pursue the investor niche aggressively, meeting very specific realtors. I thought it was sparse.

Lending 362

Lending Real Estate Agent Loan Officers Retail 362

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 366

Loan Officers Agents Retail Technology 366

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. However, a seller is also a natural homebuyer, unless they’re an investor.

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans. 30% of the buyer’s gross income should be available to use towards their mortgage payments.

Real Estate 388

Real Estate Government Law Buyers 388

Housing Wire

JANUARY 27, 2021

If passed, the funds — which would help cover a down payment — could be accessed immediately by the buyer at the closing table. “The real estate market is so hot that hurting investors now may not have a big effect, but long term it could cause major issues,” DiBugnara said. Presented by: Motto Mortgage.

Real Estate 541

Real Estate Brokerage Buyers Investors 541

Housing Wire

MAY 7, 2024

“I am extremely pleased with our results this quarter and am looking forward to navigating the changes ahead from a position of strength,” Real CEO Tamir Poleg told investors and analysts during the firm’s Q1 2024 earnings call Tuesday morning. That means we believe a skilled agent will outperform an unskilled agent 10 to 1.

Agents 421

Agents Brokerage Training Business 421

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Mother demographics and low mortgage rates can crush a lot of American bear’s hearts as they did in 2020 and 2021. There has been a lot of hype that this entire housing market is driven by investors.

Inventory 506

Inventory Housing Market Buyers Investors 506

McKissock

DECEMBER 26, 2021

For homeowners, much of 2020 and 2021 were spent refinancing their current mortgage rates and enjoying lower monthly mortgage payments. And, who could blame them with federal funds rates as low as 0.25% when the pandemic began, pushing mortgage rates to historic lows? Why the appeal?

Buyers 69

Buyers Mortgage Real Estate Agent Real Estate 69

Housing Wire

DECEMBER 20, 2023

However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%. million).

Housing Market 431

Housing Market Marketing Inventory Realtors 431

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Buyers seem like they can’t get a break,” Kechian said. “I So more realtors in the area have started working with us.

Marketing 351

Marketing Inventory Loan Officers Buyers 351

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 474

Inventory Housing Market New Listings Buyers 474

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 Existing home sales ended 2021 on a more positive note as mortgage demand picked up toward the end of the year. This is well above my peak sales ranges for 2022, as the sales trend forecast was between 5.74 million and 6.16

Inventory 462

Inventory Housing Market Buyers Investors 462

Housing Wire

JANUARY 13, 2023

In addition, secondary market investors continue to show interest in well-underwritten, higher-rate loans secured by single-family rental properties. It looks to be about 50% investor properties,” Ben Hunsaker said of the planned NRMLT offering. Mortgage production in 2022 nationally was down about 50% from $4.44

Marketing 401

Marketing Investing Investors Landlords 401

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. Nadia Evangelou, economist at NAR.

Construction 409

Construction Supply Chain Buyers Development 409