Housing Wire

NOVEMBER 23, 2022

It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. By taking advantage of the 2-1 temporary rate buydown, Davis was able to lower her 7.25% mortgage rate by 2% in the first year and by 1.5% in the second year.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Eyes on Housing

NOVEMBER 23, 2022

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.

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Construction Development 132

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . However, there are still forces pushing many borrowers — mainly lower-income buyers — to stay on the sidelines, industry experts say. . The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage slowed its downward trajectory this week, declining three basis point

Mortgage 466

Mortgage Buyers Sellers Marketing 466

Appraisal Hub

NOVEMBER 23, 2022

The Toronto housing market is slowing down, showing a 6% decline in October 2022 compared to the same period last year. Now might be the best time to sell your home and avoid further falls in the market. But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company. Why you need appraisal services in Toronto: Find the Right Value for Your Property.

Appraisal 78

Appraisal Property Appraisal Market Value Investing 78

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending November 18 after registering a 2.7% increase in the previous week.

Mortgage 397

Mortgage Contracts Retail Lending 397

GoForrmz

NOVEMBER 23, 2022

What we’re thankful for this Thanksgiving Thanksgiving is tomorrow and to celebrate the holiday, we want to share what our team is thankful for. At GoFormz, we take pride in not only the work we do for our customers but the environment we create for our employees. GoFormz events and team activities in 2022. As we wrap up 2022, it’s been a great year filled with events, webinars, recognitions, and much more!

Technology 78

Technology Marketing 78

Empire Appraisal Group

NOVEMBER 23, 2022

Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. By Kerry Smith. The RE market changed quickly as the Fed raised interest rates, and Opendoor’s CEO blamed that “once-in-forty-years market transition” for its $928M loss. Opendoor Lost Close to $1B in 3Q. Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. By Kerry Smith. The RE market changed quickly as the Fed raised interest rates, and Opendoor’s CEO blamed that “once-in-forty-years market transition” for its $928M loss.

Realtors 78

Realtors Inventory Sellers Home Value 78

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. “While it is true that many nonbanks entered this downturn with a large war chest of cash and capital, this is more than offset by the impact of warehouse and investor covenants, which are causing lenders to move expeditiously to cut costs,” Jim Cameron, Stratmor Group ’s senior partner, wrote in a report published this week.

Marketing 384

Marketing Loan Officers Business Mortgage 384

Mortgagebroker News

NOVEMBER 23, 2022

The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says

Marketing 66

Marketing 66

BiggerPockets

NOVEMBER 23, 2022

This Black Friday, BiggerPockets is offering a steep discount on all books in our bookstore! Pick up some of the best books in real estate, business, and investing this holiday for […].

Real Estate 54

Real Estate Investing Business 54

Mortgagebroker News

NOVEMBER 23, 2022

The company's solutions are a strong fit for the current market, executive tells CMP

Marketing 64

Marketing 64

BiggerPockets

NOVEMBER 23, 2022

Financial freedom isn’t something that most Americans strive towards. For the most part, working at a job, getting a steady paycheck, and bringing home the bacon is enough. That is […].

Real Estate 49

Real Estate 49

Mortgagebroker News

NOVEMBER 23, 2022

Mortgage renewal will not be a good time for Canada's borrowers…

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Mortgage 68

Mashvisor

NOVEMBER 23, 2022

Are you wondering how data reshaping real estate is helping investors in 2023 and beyond? Keep reading to see how you can access reliable data.

Real Estate 36

Real Estate Investors Technology Investing 36

Mortgagebroker News

NOVEMBER 23, 2022

Plus: The pros and cons of choosing a shorter mortgage term

Mortgage 69

Mortgage Marketing 69

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. What is going on here? My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs.

Construction 466

Construction Marketing Housing Market Mortgage 466

Mortgagebroker News

NOVEMBER 23, 2022

The return to the geographic centre has seen increasing momentum

Marketing 66

Marketing 66

Housing Wire

NOVEMBER 23, 2022

Homebuilders must be feeling some whiplash, as new single-family home sales continued to yo-yo in October. After rebounding in August from a drop in July only to fall again in September , new home sales were back up in October, according to data released Wednesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

Housing Market 384

Housing Market Construction Inventory Development 384

Mortgagebroker News

NOVEMBER 23, 2022

Statistics Canada reveals the latest

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Eyes on Housing

NOVEMBER 23, 2022

New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is.

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Inventory Development Buyers Mortgage 183