Housing Wire

SEPTEMBER 7, 2023

She expects a market contraction this fall in the housing sector. In many markets, renting has become more affordable than owning The balance between renting and owning in many markets has shifted toward renting as more new apartment construction comes online, noted Sturtevant.

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Housing Market Mortgage Marketing Contracts 412

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. from a month prior, but down 3.6% year over year. “The

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Housing Market Marketing Construction Inventory 340

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

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Housing Market Marketing Real Estate Agent Sellers 546

Appraisal Buzz

JUNE 11, 2024

The part of the East Coast that is cooling down is the West Coast of Florida, rife with natural disasters that are only intensifying driving people away as the new construction and pandemic-era homebuying boom fade into the distance. North Port, Florida’s housing market is cooling fastest, followed by Tampa and Cape Coral.

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Insurance Construction Housing Market Inventory 368

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release. But some experts believe that financing options for ADUs need to be expanded.

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Housing Wire

FEBRUARY 3, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

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Housing Market Marketing Supply Chain Mortgage 404

Appraisal Buzz

MAY 31, 2024

00 Central on housing innovation. HUD’s “Innovative Housing Showcase Educational Sessions will feature individual breakouts on offsite construction, building codes, manufactured housing, decarbonization, zoning, public and multifamily housing, resilience, and finance.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

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Tools Law Government Construction 379

Housing Wire

JANUARY 16, 2024

Anchor Loans’ TPO channel will provide residential business purpose loan products – including bridge , fix and flip, ground-up construction and rental investor loans with debt service coverage ratio (DSCR), the firm said in a release. Tim Landwehr, co-chief revenue officer, led the launch of the TPO channel. “We

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Investors Housing Market Finance Construction 419

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home.

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Business Finance Buyers Lending 407

Housing Wire

OCTOBER 5, 2023

Investors who have been burned by events in China may also start seeing ghosts in other markets and decide the risk profile is just too unfavorable. This could make raising capital for new construction projects harder, and more expensive, everywhere. Growing demand While there is a chance of real estate assets in the U.S.

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Real Estate Housing Market Marketing Investors 396

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market.

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Housing Market Mortgage Marketing Inventory 382

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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Insurance Housing Market Marketing Agents 349

Housing Wire

NOVEMBER 30, 2023

Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6%

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Housing Market Inventory Realtors Construction 454

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few.

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Brokerage Realty Real Estate Inventory 394

Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. Instead, the city failed to begin construction on the homes in a timely manner.

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Construction Government Housing Market Finance 400

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. million openings one year prior, according to other recent job market data. month over month to $34.69 and were up 4.1%

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Mortgage Transportation Construction Housing Market 276

Miller Samuel

DECEMBER 5, 2018

I was invited by Julie Hyman at Yahoo Finance TV for a discussion on the weakening luxury housing market and some other topics of interest. I've known her for years, after a long run at Bloomberg TV, and am excited about her new opportunity at Yahoo.

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Finance Real Estate Development Housing Market 221

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. More housing supply is good news for future shelter inflation readings in the market.

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Inventory Construction Buyers Housing Market 334

Housing Wire

MAY 30, 2023

“As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% House prices were up 0.5% compared to the fourth quarter of 2022.

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Mortgage Inventory Construction New Listings 392

Housing Wire

MAY 4, 2023

Slower housing market With mortgage rates remaining elevated, many sellers feel locked in by their current low mortgage rate. As a result, swaths of homeowners are planning to wait until rates come down before selling, leading to fewer newly listed homes compared to a year ago. “The housing market is moving slower this spring.

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Mortgage Inventory Housing Market Buyers 364

Housing Wire

FEBRUARY 24, 2023

The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement.

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Construction Contracts Buyers Development 424

Housing Wire

MARCH 8, 2024

In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Lower rates this spring could give housing market demand a boost.” Job openings were essentially unchanged at 8.9

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Transportation Retail Housing Market Construction 422

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Builders are getting smarter about their finances, which includes planning for project success. Fortunately, it’s not all bad news.

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Marketing Contracts Supply Chain Project Management 446

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

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Realtors Buyers Inventory Investors 414

Housing Wire

SEPTEMBER 20, 2023

In the housing sector, the combined impact of higher rates and higher home prices drove the cost of financing a home up more than $400, or 22.5%, from a year ago. Overall, the market has been rather optimistic about the rate picture this year. In August, the rent index was up 7.2%, rising for the 40th consecutive month.

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Housing Market Mortgage Landlords Marketing 408

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. for use by the GSEs based on limited historical data,” the letter reads.

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Legal Mortgage Contracts Insurance 354

Housing Wire

APRIL 20, 2023

It’s a unique housing market.” Prices are starting to warm up again signaling that demand is returning when dips in mortgage rates and creative financing strategies allow,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. With mortgage rates remaining in the mid to low 6.0% year over year in March to $375,700.

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Inventory Housing Market Realtors Mortgage 355

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. housing market during a shortage of housing supply and an insufficient stock of move-in ready homes. Last month, New Residential Investment Corp.,

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Investing Finance Modernization Investors 264

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. Don’t call it a comeback?

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Contracts Realtors Home Value Housing Market 290

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said.

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Marketing Construction Renovations Home Improvement 291

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Insurance Inventory Mortgage Lending 315

Housing Wire

MAY 17, 2023

Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. The bill has been introduced in both chambers and seeks to expand the low-income housing tax credit.

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Modernization Law Design Construction 344

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgage 407

Mortgage Loan Officers Buyers Inventory 407

Housing Wire

JANUARY 26, 2024

A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S.

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Marketing Construction Housing Market Mortgage 386

Housing Wire

OCTOBER 26, 2023

For those new construction units, the national median new home price is projected to drop by 5.9% This underscores the importance of increased inventory in helping to get the overall housing market moving,” Yun added. Lastly, they predict that housing starts will drop by 10.4% in 2023, reaching an annual rate of 670,000.

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Inventory Contracts Housing Market Realtors 367

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. Housing market conditions are changing in ways that may increase fraud risk and fraud schemes are becoming increasingly sophisticated. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection.

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Mortgage Insurance Lending Government 526