Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up.

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Appraisal Buzz

MAY 19, 2022

In their latest forecast, Fannie Mae’s Economic and Strategic Group (ESR) has downgraded its GDP projections along with home sales and mortgage originations due to the current state of the economy. Fannie Mae now predicts that real GDP growth measured on a fourth-quarter basis will be 1.3%, down from 2.1% predicted at the beginning of the … The post Fannie Mae Downgrades Housing, Origination Forecast appeared first on DSNews.

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Housing Wire

MAY 19, 2022

Purchase mortgage rates this week averaged 5.25%, down five basis points from a week ago , as some individuals put the American homeownership dream on standby due to higher rates and surging home prices, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 3%, the report shows. The government-sponsored enterprise (GSE) index accounts for just purchase mortgages reported by lenders during the past three days.

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Appraisal Buzz

MAY 19, 2022

Former Home Depot exec brings two decades-plus worth of experience to his new role for SFR management platform responsible for more than 80,000 homes across 30 markets. The post SFR Platform Progress Residential Names Adolfo Villagomez as CEO appeared first on DSNews. The post SFR Platform Progress Residential Names Adolfo Villagomez as CEO appeared first on Appraisal Buzz.

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Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association ’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. .

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Appraisal Buzz

MAY 19, 2022

Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months. According to Auction.com, an online distressed real estate marketplace, a March 2022 survey of confirmed buyers who used their platform in the last three years also … The post Over Half of Investors Believe Market is Overvalued appeared first on DSNews.

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Appraisal Buzz

MAY 19, 2022

According to the latest Zillow Real Estate Market Report, the housing market is as competitive as ever, moving at record pace. Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates. Year-over-year home value growth set a record for the 13th consecutive … The post Housing Market Moving at Record Speed appeared first on DSNews.

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Housing Wire

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. The letter, which includes signatures from South Carolina-based Movement Mortgage , Cherry Creek Mortgage , Texas-based Thrive Mortgage and Draper & Kramer Mortgage , advised the FHA to get rid of its life of loan policy and reduce the annual premiums by 30 basis points to.5

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Appraisal Buzz

MAY 19, 2022

Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

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Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. HousingWire: The current inventory shortage doesn’t seem like it will let up anytime soon. What challenges does this present to brokers? Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022.

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Appraisal Buzz

MAY 19, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.25% with an average 0.9 point as of May 19, 2022, down from last week when it averaged 5.30%. A year ago at this time, the 30-year FRM averaged 3%. “Economic uncertainty is causing mortgage rate volatility,” comments Sam Khater, Freddie Mac’s chief economist.

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Eyes on Housing

MAY 19, 2022

Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. The survey’s Multifamily Production Index (MPI) decreased six points to 48 in the first quarter, dipping below the break-even mark of 50 for the first time in.

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Appraisal Buzz

MAY 19, 2022

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2022 shows mortgage applications for new home purchases decreased 10.6% compared to a year ago. Compared to March 2022, applications decreased by 14%. This change does not include any adjustment for typical seasonal patterns. “New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand, and homebuilders continued to grapple with rising.

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Mashvisor

MAY 19, 2022

Finding foreclosures near me can provide the investor with a generous income with the right investment strategy. But how do you get started? Table of Contents What Are Foreclosures?

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Appraisal Buzz

MAY 19, 2022

Ocwen Financial Corp. , a non-bank mortgage servicer and originator, has appointed Sean O’Neil as executive vice president and CFO, effective June 13, 2022. O’Neil will be responsible for leading the company’s global finance organization. He joins Ocwen from Bayview Asset Management LLC, where he served as the company’s CFO since 2015. Prior to this role, he held a number of senior positions at financial institutions, including serving as group financial officer for Wells Fargo, The post Ocwen F

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Mashvisor

MAY 19, 2022

Use a cash flow calculator to see if you have enough cash flow from your income property. Read to find out how it can help with your investment.

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Real Estate Investors Investing Tools 68

BiggerPockets

MAY 19, 2022

Almost every age group wants to know how to retire in ten years. Whether you’re in your teens, your mid-thirties, or your mid-fifties, retirement can seem like an eternity away. […].

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Finance 58

Mortgagebroker News

MAY 19, 2022

Pump prices, housing affordability are expected to play major roles in this year's inflation dynamics

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Buys Brokers Only LLC

MAY 19, 2022

Haverhill, Massachusetts, about 35 miles northeast of downtown Boston and located in Essex County, has seen home prices rise and real estate inventory fall over the past decade with the rest of Greater Boston. The following are 11 things you should know about the Haverhill real estate market.

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Mortgagebroker News

MAY 19, 2022

The event marked the latest Canada-wide conference organized by the association for May and June

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Housing Wire

MAY 19, 2022

A combination of persistent inflation, rising interest rates and a slowdown in global economic growth forced Fannie Mae to reduce this year’s GDP growth rate. Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 percentage points lower than its previous forecast. It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% in the first quarter.

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Mortgagebroker News

MAY 19, 2022

"It's just the initial shock of changes in rates"

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Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey. Compared with last month, applications dropped by 14%. . MBA estimates that about 701,000 new homes were sold in April at a seasonally adjusted annual rate, marking a decline for five consecutive months.

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Mortgagebroker News

MAY 19, 2022

Partnership entity aims to position itself as an impartial market player not affiliated with any lender

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Appraisal Buzz

MAY 19, 2022

Housing starts in April were at a seasonally adjusted annual rate of 1.724 million, a decrease of 0.2% compared with March but an increase of 14.6% compared with April 2021, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Starts of single?family homes were at a rate of 1.1 million, a decrease of 7.3% compared with March.

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Mortgagebroker News

MAY 19, 2022

New accolade comes amid the private lender's strong growth

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Eyes on Housing

MAY 19, 2022

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2022 single-family attached starts totaled 36,000, which is 16% higher than the first quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 25% higher than the prior four quarter total (122,000).

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GoForrmz

MAY 19, 2022

You’ve got enterprise data, now what? Enterprise data is more than a buzzword, it’s something your business likely already has. The question is, what are you doing with it? And more importantly, are you making the data work best for your business? Whether you have a storefront, a fleet of contractors, or run a business from a remote location, you have enterprise data.

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Eyes on Housing

MAY 19, 2022

As rising mortgage rates and higher home prices continued to price out first-time and young homebuyers and reduce affordability, existing home sales dropped to the lowest level since June 2020, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. Total existing home sales, including single-family homes, townhomes, condominiums and.

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Lamacchia Realty

MAY 19, 2022

The Lamacchia Monthly Housing Report highlights home sale statistics, average sales prices, the number of homes listed and pending as well as price changes for single-families, condos, and multi-family homes in Massachusetts. For New Hampshire it presents home sale statistics and average sales prices. These factors, when compared year over year, are all indicators for predicting future trends in the market.

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