Housing Wire

OCTOBER 28, 2020

However, the government refinance index decreased for the first time in a month, driven by a slowdown in VA refinance activity,” Kan said. These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. from 66.1% the week prior. from 11.8%. from 2.61%.

Mortgage 515

Mortgage Contracts Government Inventory 515

Housing Wire

JUNE 8, 2022

Despite the recent decline in mortgage rates , they were not low enough to spur refinance activity, which led to the decline of the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. Only government refinances saw a slight increase last week,” Kan said. “The 30-year fixed rate increased to 5.4%

Mortgage 395

Mortgage Inventory Contracts Retail 395

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”. the previous week.

Mortgage 407

Mortgage Contracts Construction Government 407

Housing Wire

DECEMBER 8, 2021

3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) decreased to 3.30%, one basis point down from the previous week. Refinance apps fell 36.5%

Mortgage 437

Mortgage Government Contracts Inventory 437

Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. But experts aren’t concerned.

Mortgage 417

Mortgage Contracts Government Inventory 417

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. pending home sales slid for the third consecutive month in November, dropping 2.6% Presented by: WFG.

Contracts 533

Contracts Inventory Realtors Government 533

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

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Mortgage Marketing Investors Lending 402

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% from the week prior.

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Inventory Contracts Government Mortgage 406

Housing Wire

FEBRUARY 17, 2021

On an unadjusted basis, the Market Composite Index decreased 4% compared with the previous week. The housing market in early 2021 continues to be constrained by low inventory and higher prices. The average contract interest rate for 5/1 ARMs decreased to 2.83% from 2.92%.

Mortgage 437

Mortgage Contracts Government Inventory 437

Housing Wire

AUGUST 25, 2021

The market composite index moved 1% on an unadjusted basis from the prior week. Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.” The average contract interest rate for 15-year fixed-rate mortgages decreased to 2.38% from 2.41%.

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

DECEMBER 2, 2020

“Purchase activities continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,” Kan said. Housing demand remains strong, and despite extremely tight inventory and rising prices, home sales are running at their strongest pace in over a decade.”.

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Mortgage Contracts Government Inventory 342

Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. The overall market composite index dipped 24.5%

Mortgage 427

Mortgage Contracts Government Inventory 427

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%.

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Mortgage Lending Government Contracts 541

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. “Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications,” Kan said.

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Mortgage Inventory Retail Housing Market 383

Housing Wire

JANUARY 19, 2022

from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. The continued rise in purchase loan application sizes is driven by high home price appreciation and the lack of housing inventory on the market – especially for entry-level homes,” Kan said.

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

SEPTEMBER 1, 2021

The seasonally adjusted purchase index dropped 2% compared to the previous week and was 16% lower than it was a year ago, largely due to soaring prices and paltry inventory. Even with a slight increase, purchase activity hit its highest level since early July, as applications for conventional and government loans increased.”

Inventory 391

Inventory Contracts Government Mortgage 391

Housing Wire

APRIL 12, 2023

The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines. The MBA shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.3%

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Mortgage Retail Housing Market Contracts 382

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

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Supply Chain Inventory Buyers Realtors 417

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. Tozer suggested “a fee of 1.3%

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

DECEMBER 21, 2023

VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. A lot has changed and it’s time to remove the stigma.

Mortgage 437

Mortgage Renovations Appraisal Process Finance 437

Housing Wire

MARCH 2, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.15% from 4.06% the week prior. Although there was an increase in government refinance applications, higher rates continue to push potential refinance borrowers out of the market,” Kan said in a statement.

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Mortgage Retail Contracts Government 370

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%. Let’s use $10,000 as an example.

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Agents Buyers Sellers Inventory 407

Miller Samuel

FEBRUARY 12, 2019

Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel. I hope you find that this apple was fully peeled: Jonathan Miller’s Market Outlook. And, in-turn, when the market falls, it will fall forever.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space.

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Mortgage Lending Retail Business 440

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Due to the demand from move-up buyers in Tiller’s area, the average days on market for homes with a median price of roughly $190,000 was just 17 days as of early March 2024.

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Inventory Buyers Agents Real Estate 426

Hank Miller Team

MAY 3, 2022

the Atlanta real estate market shifting? Has the move away from historic inventory shortages and home buyer frustration finally started? It'll take a few more months as markets always tend to "feel" before the "proof"; that's just a challenge of the business. Are homes staying on the market a bit longer?

Real Estate 52

Real Estate Marketing Buyers Inventory 52

Eppraisal

DECEMBER 6, 2022

Given the fact that the available inventory of houses is relatively modest -- and has been for a number of years -- it is little surprise that overall home value inches up. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns.

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Real Estate Marketing Home Value Realtors 69

Hank Miller Team

OCTOBER 6, 2022

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data. We examine list price, contract price and sold price. for contracted homes -3.4

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Supply Chain Contracts Housing Market Inventory 52

Realtor

APRIL 14, 2021

The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. There is a shortage of houses in many markets. And while home prices may be high now, Schinkel points out that the market is continuing to appreciate. Prepare for bidding wars ahead of time.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Fewer buyers, fewer contract and sales.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

SEPTEMBER 7, 2023

At a time when affordability is constraining first-time buyers from entering the market and interest rates are still expected to climb, “it’s going to do nothing but hurt the potential buyer,” argued Michael Borodinsky, a vice president and branch manager at Caliber Home Loans. I think listing agents are going to win.

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Buyers Agents Loan Officers Real Estate 395

Will Springer Realtor

MARCH 15, 2022

Residential property values have continued to rise during the COVID 19 pandemic, partly driven by a lack of housing inventory,” said Wilson. Local governments may only increase property tax collections by 1% per year without a vote of the people.”. It can be found on a home purchase contract or a previous county property tax report.

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Property Taxes Marketing Contracts Government 62

Housing Wire

JULY 28, 2022

housing market was a major driver of the economic decline. ” However, the Biden administration has argued that the American economy is not in a recession, based on a still strong labor market. Government also decreased its spending during the second quarter. Bureau of Economic Analysis (BEA). And the slowdown in the U.S.

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Contracts Government Housing Market Investing 304

Appraisal Today

MAY 10, 2024

NOTE: Please scroll down to read the other topics in this long blog post on staying positive with slow business, economic analysis for appraisers, current real estate market, unusual homes, mortgage origination stats, etc. == $14M Castle on 40 Acres in Wyoming Excerpts: 5 bedrooms, 5.5+ baths, 9,470 sq.ft., 40 acre lot, built in 1992.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. New Home Supply.

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Inventory Construction Government Housing Market 545

Realtor

APRIL 14, 2021

The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. There is a shortage of houses in many markets. And while home prices may be high now, Schinkel points out that the market is continuing to appreciate. Prepare for bidding wars ahead of time.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Appraisal Today

APRIL 5, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. Lanham, 20/20 Valuations, and loanDepot.com, U.S.

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Appraisal Contracts Business Construction 77