Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. million, according to the National Association of Realtors. That’s a full 5% drop. month-over-month.

Mortgage 543

Mortgage Construction Realtors Inventory 543

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. Mortgage rates have nearly doubled to around 6.5% We do not see new construction returning in a meaningful way any time soon. Will Savage, an LO at PMC Mortgage.

Mortgage 420

Mortgage Loan Officers Buyers Inventory 420

Housing Wire

JANUARY 3, 2023

according to data released last Wednesday by the National Association of Realtors. Falling home sales and construction have hurt broader economic activity.”. Yet, mortgage applications point to a thawing, but still cold, housing market as mortgage rates come down.”.

Contracts 499

Contracts Housing Market Realtors Construction 499

Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

Mortgage 466

Mortgage Inventory Housing Market Construction 466

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. financial markets,” said Sam Khater, Freddie Mac’s chief economist. “The financial markets,” said Sam Khater, Freddie Mac’s chief economist. for the past two weeks.

Mortgage 450

Mortgage Inventory Construction Technology 450

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Housing Wire

JUNE 3, 2021

Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac ‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. Even though rates have been below 3.2%

Mortgage 347

Mortgage Inventory Construction Realtors 347

Housing Wire

NOVEMBER 19, 2020

mortgage rate for a 30-year fixed loan fell this week to 2.72%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. The average fixed rate for a 15-year mortgage also fell by 6 basis points to 2.28%. Low mortgage rates fuel the demand for valuation and settlement services.

Mortgage 546

Mortgage Construction Valuation Buyers 546

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

Transportation 444

Transportation Retail Housing Market Construction 444

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). For those new construction units, the national median new home price is projected to drop by 5.9% Pending home sales ticked up 1.1% in September. increase in September.

Inventory 394

Inventory Contracts Housing Market Realtors 394

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Inventory 439

Inventory Realtors Housing Market Construction 439

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.

Realtors 429

Realtors Buyers Inventory Sellers 429

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It

Contracts 347

Contracts Inventory Housing Market Realtors 347

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). Instead, expect a bumpy road on the way to a more normal housing market in 2023.” After posting a 2.5% in 2023 and 5.4%

Housing Market 425

Housing Market Realtors Contracts Buyers 425

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.

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.” since May of this year, the 4.2

Mortgage 370

Mortgage Real Estate Buyers Construction 370

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. Tables have turned for some sellers.

Mortgage 408

Mortgage Sellers Contracts Buyers 408

Housing Wire

OCTOBER 12, 2023

What is happening in the housing market ? Both home prices and mortgage rates continue to rise. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% Rents of primary residences were up 7.4%.”

Government 367

Government Housing Market Contracts Insurance 367

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. As of mid-March, Richards said the company had signed up more than 20 clients with an aggregate total of more than 5,000 mortgage originations.

Loan Officers 389

Loan Officers Clients Mortgage Construction 389

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). The trade association forecasts the 30-year fixed mortgage rate to close at 6.4% Meanwhile, housing starts are forecast drop 5.3%

Construction 364

Construction Inventory Realtors Housing Market 364

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 404

Renovations Realtors Construction Mortgage 404

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. It’s a unique housing market.” With mortgage rates remaining in the mid to low 6.0% from a month prior and 5.4%

Inventory 374

Inventory Housing Market Realtors Mortgage 374

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire.

Inventory 466

Inventory Construction Mortgage Buyers 466

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. regions, but declined in the West, according to the National Association of Realtors. Month-over-month, contract signings increased in three U.S.

Contracts 302

Contracts Realtors Home Value Housing Market 302

Housing Wire

SEPTEMBER 21, 2022

million, according to a report from the National Association of Realtors (NAR) released Wednesday. The housing sector is the most sensitive to and experiences the most immediate impacts from the Federal Reserve’s interest rate policy changes,” Lawrence Yun, NAR’s chief economist, said in a statement. “The

Inventory 369

Inventory Sellers Realtors Housing Market 369

Housing Wire

OCTOBER 22, 2020

million, the National Association of Realtors said in a report on Thursday. An improving job market, low rates, and families looking for more space played key roles in the recent activity spike, according to Mortgage Bankers Association senior vice president and chief economist, Mike Fratantoni.

Inventory 530

Inventory Buyers Realtors Housing Market 530

Housing Wire

MAY 10, 2023

Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. in 2023 before dropping below 6.0%

Housing Market 373

Housing Market Insurance Realtors Buyers 373

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Housing Market Collapse?

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). In addition, NAR forecasts that mortgage rates will drop to 6.0% in 2024, and housing starts will fall 7.3% In the new construction sector , NAR predicts sales to increase 4.5% year over year. in 2023 and 5.6%

Inventory 423

Inventory Realtors Contracts Construction 423

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

Construction 453

Construction Real Estate Buyers Sellers 453

Housing Wire

NOVEMBER 3, 2020

Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. Data from the National Association of Realtors and U.S. Despite home prices rising 6.7%

Inventory 479

Inventory Housing Market Construction Marketing 479

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. “One According to Duncan, the boomer cohort held back a good amount of supply from the housing market during the pandemic.

Inventory 419

Inventory Buyers Realtors Housing Market 419

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

Inventory 465

Inventory Renovations Real Estate Government 465

Housing Wire

SEPTEMBER 13, 2023

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. “The recent rent and house price declines are only just starting to show up in the CPI and will likely drag down headline CPI through 2024,” added Potapov. The rent index was up 7.2% a year earlier. .

Landlords 375

Landlords Insurance Construction Realtors 375

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. months of supply; a healthy market generally has between four and six months of supply. from December and mortgage rates shot up 30 basis points. January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5%

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Empire Appraisal Group

OCTOBER 6, 2022

.: A Top 10 State for ‘Stable’ Housing | Florida Realtors. Realtor.com’s high-level view of housing markets – foreclosures, underwater mortgages, rising prices, etc. states with the most stable housing markets. Florida, ranking third, shows home prices rising but construction also gaining.

Housing Market 78

Housing Market Construction Realtors Inventory 78

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

Marketing 410

Marketing Government Mortgage Sellers 410