Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time. economy after Fitch Ratings downgraded the U.S.′ The following day, the U.S.

Mortgage 366

Mortgage Inventory Government Buyers 366

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 442

Mortgage Inventory Construction Technology 442

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. “Investors remained attuned to the uncertainty around the U.S.

Mortgage 382

Mortgage Inventory Retail Housing Market 382

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. So what happened and who is paying all cash for homes?

Realtors 424

Realtors Buyers Inventory Sellers 424

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” per diluted share.”

Supply Chain 370

Supply Chain Construction Inventory Marketing 370

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. “I higher than last year.

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

FEBRUARY 24, 2022

But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course. billion in unsold real estate inventory. The company did not break out its title and mortgage earnings.

Investors 424

Investors Real Estate Inventory Finance 424

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

Mortgage 404

Mortgage Inventory Housing Market Construction 404

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. January sales fell 2.3% “While the 6.7

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

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. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Renovations 403

Renovations Realtors Construction Mortgage 403

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

Housing Market 441

Housing Market Marketing Buyers Investors 441

Housing Wire

NOVEMBER 30, 2021

“The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 Investor-related loans are also seeing an increase, Lind said. Refinance decline.

Supply Chain 385

Supply Chain Lending Investors Renovations 385

Housing Wire

MARCH 2, 2022

While the fourth quarter did see a slowdown in the number of homes sold to iBuyers – largely due to low inventory and Zillow bowing out of the game in November – the 21,523 homes sold in the 28 largest iBuyer markets to Opendoor , Zillow Offers and Offerpad , still came in as the second strongest number on record. million in net income.

Housing Market 370

Housing Market Inventory Construction Marketing 370

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 403

Business Loan Officers Clients Inventory 403

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The housing market shifted in March of this year.

Inventory 518

Inventory Housing Market Construction Marketing 518

Housing Wire

FEBRUARY 21, 2024

But 2024’s deals show investor interest has persisted. Similarly, construction has slowed but remains elevated. The number of units under construction peaked in the fourth quarter of 2022 at above 53,000 and fell to about 36,500 in the fourth quarter of 2023, according to Cushman & Wakefield.

Investors 463

Investors Construction Real Estate Inventory 463

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived.

Investors 449

Investors Marketing Inventory Real Estate 449

DW Slater Company

JUNE 16, 2022

Mortgage rates are already moving up and are projected to move higher. One factor that we did not consider was the impact of institutional investors. Recent data from a NAR study reveals that institutional investors bought more than half of the homes sold in Tarrant County in 2021. Another thing to watch is new construction.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 482

Mortgage Inventory Housing Market Construction 482

Housing Wire

JANUARY 27, 2023

On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products. 291,000 homes are still under construction: 5.7

Mortgage 545

Mortgage Construction Buyers Inventory 545

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. Mortgage rates are more than double what they were at the start of the year.

Construction 448

Construction Supply Chain Buyers Development 448

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

Quicken Loans

DECEMBER 16, 2021

Mortgage rates dropped down to record lows that carried through much of 2021. In combination with low housing inventory and labor shortages, that drove up selling prices. Some sought out properties that could support home offices, while others simply didn’t want to miss out on the low mortgage rates. Buyer demand continued.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

JUNE 14, 2023

Large single-family rental investors didn’t have much of an appetite in the fourth quarter of 2022 and the first quarter of 2023. The slowdown in institutional investor SFR purchases? This tracks, as the largest percentages of single-family home sales to institutional investors in the first quarter of 2023 included Georgia (8.4%

Inventory 369

Inventory Investors Construction Real Estate 369

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 413

Inventory Housing Market Marketing Construction 413

Housing Wire

JULY 22, 2021

You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% ” Unsold housing inventory sits at a 2.6-month Sales climbed 22.9%

Inventory 488

Inventory Buyers Realtors Construction 488

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably.” million. “The from June 2022 (1.25

Inventory 349

Inventory Buyers Construction Realtors 349

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market One of the positive results of this global pandemic is the affect it has had on the U.S. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. During the height of the pandemic, new home construction ground to a halt.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. COVID-19 Impact on Investors. What does this mean for borrowers?

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Housing Wire

FEBRUARY 6, 2024

Elevated mortgage rates and limited housing inventory fuel the ongoing demand for single-family rental units, keeping construction starts afloat in the BTR market. Since borrowing costs surged in 2022, investors have developed other ways to buy homes, including directly from builders. rental homes.

Investing 404

Investing Real Estate Investors Construction 404

Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

Construction 457

Construction Inventory Government Development 457

Eppraisal

SEPTEMBER 24, 2021

These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Investors are taking advantage of the extremely low mortgage interest rates. The lack of existing home inventory helps increase new construction sales.

Marketing 28

Marketing Supply Chain Real Estate Construction 28

Housing Wire

MAY 3, 2023

.” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities. ” Ahead of the Fed meeting, mortgage applications picked up this week as rates dropped slightly.

Real Estate Agent 382

Real Estate Agent Inventory Loan Officers Mortgage 382

Housing Wire

JUNE 22, 2023

Mortgage rates have settled into the 6% to 7% range over the last three months, which has led to several consecutive months of consistent, if unimpressive, home sales. Total housing inventory recorded at the end of May was 1.08 Unsold inventory is at a 3.0-month Unsold inventory is at a 3.0-month million units, up 3.8%

Inventory 379

Inventory Construction Realtors Marketing 379

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Construction 370

Construction Development Finance Mortgage 370

Housing Wire

SEPTEMBER 14, 2022

Financial advisory firm Mortgage Capital Trading (MCT) notes that the strong inflation numbers released yesterday , September 13, make it likely that the Federal Reserve will be more aggressive in its next round of rate hikes. “A Refinance applications are 83% lower than last year.”.

Construction 370

Construction Real Estate Inventory Supply Chain 370

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

Appraisal 66

Appraisal Real Estate Contracts Design 66