Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

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Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. Why today’s housing market makes speed and agility crucial for lenders.

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Sacramento Appraisal Blog

JANUARY 17, 2024

The spring market is awake. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.

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Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Wire

DECEMBER 11, 2020

With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. Using CoreLogic TrueStandings data, we estimate that there will be about 20 million home mortgages outstanding at the start of 2021, with a contract interest rate of 4% or higher. 2020 was a truly unprecedented year.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Housing Wire

MAY 13, 2021

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. Sheridan’s listing appraised at the contract price, and the deal went through without a hitch.

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Appraisal Buzz

JUNE 17, 2022

According to a new report from Fannie Mae’s Economic and Strategic Group (ESR), a combination of rising interest rates and elevated inflation will continue to weigh on the housing market and are now predicting a 1.2% full-year market growth. The post Slowing Housing Market Expected Soon appeared first on Appraisal Buzz.

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Sacramento Appraisal Blog

JULY 6, 2022

A quick change in rates has led to a quick change in the housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Big Market Update (sign up here)) […]. We didn’t see much difference right away in the stats, but we are finally getting some good numbers now. Let me show you what I mean.

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Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.

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Sacramento Appraisal Blog

JULY 11, 2022

“The housing market is getting back to normal.” UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for real estate agents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 […]. ” I hear that quite a bit, but is it true?

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. And all of those prospective homeowners flocking to the city are fighting for the same small pool of houses.

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

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Housing Wire

MARCH 1, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances that are $726,200 or less increased to 6.71% from the previous week’s 6.62%. Mortgage loan originators had hoped for a heated spring housing market, as rates were declining in January, but hopes are dimming.

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Housing Wire

DECEMBER 20, 2022

The housing market will continue to slow down in 2023 , even though mortgage rates have declined recently. So what does it mean for the housing market ? . The economy improved in the second quarter of 2022, but don’t fool yourself. in 2022 and drop 0.5% decline next year. . million units in 2022, up from 5.67

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Housing Wire

SEPTEMBER 23, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1% The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.35% from 3.41%. The USDA share of total applications rose to 0.6% from 3.07%.

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Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market.

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Housing Wire

OCTOBER 23, 2020

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. I’ve had many conversations with clients of mine from late April through early July, the market was total pandemonium. Very, very unique.”.

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Sacramento Appraisal Blog

SEPTEMBER 21, 2021

The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe). Are buyers finally gaining more power?

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Housing Wire

APRIL 27, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. The post What a dip in mortgage demand says about the housing market appeared first on HousingWire. The USDA share remained unchanged at 0.5%.

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Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

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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. With continued supply chain disruption, cost increases and fear of inflation , the market has felt tenuous at best. Homebuilding Contract Values.

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

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Appraisal Buzz

JULY 15, 2021

A new study has found the gap between net new listings and the number of listings under contract is slowly narrowing, signaling an easing of home supply constraints. The post Relief in Sight for a Housing Market Short on Supply appeared first on DSNews.

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Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job in December, up from 71.6 in November.

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Housing Wire

JULY 28, 2022

“For consumers, this (rise in interest rates) means that unless the economy shows additional signs of tipping into a recession, mortgage rates are likely to trend higher, which will be a drag on housing demand,” said Danielle Hale, chief economist at Realtor.com. Census and the Department of Housing and Urban Development.

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Appraisal Buzz

JANUARY 27, 2022

regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. The post Housing Market Sees a 3.8% All four major U.S. The Pending Home Sales Index (PHSI) fell 3.8% in December. Year-over-year, transactions decreased 6.9%.

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Housing Wire

APRIL 15, 2021

Hommel expressed concern that larger contracting firms like his might be left picking up the pieces when jobs are abandoned in the future by less-qualified contractors. ” The post Kingston is latest hot housing market for those leaving NYC appeared first on HousingWire. .

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Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

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Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

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Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

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Housing Wire

MAY 25, 2023

The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

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Sacramento Appraisal Blog

JANUARY 16, 2023

Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on […].

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Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. A healthy housing market is considered roughly six months of supply.

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Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? 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 is suffering some cracks, but an outright collapse is nowhere in sight.

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Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment.

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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). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

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