Housing Wire

MAY 10, 2021

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners can also use it to access financing solutions through their contractor. in 2021 to $433 billion.

Renovations 383

Renovations Finance Home Improvement Lending 383

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 386

Inventory Marketing Business Buyers 386

Housing Wire

OCTOBER 8, 2021

Renovated Inventory to the Rescue. times the median income in the surrounding Census tract, according to the analysis, which incorporated tract-level median income data from the Federal Housing Finance Agency (FHFA). Top Markets for Renovated Inventory. On average, the price of the renovated properties was 3.5 Among 75 U.S.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Homeownership remains at the core of the American Dream.

Finance 369

Finance Buyers Insurance Housing Market 369

Housing Wire

JUNE 5, 2023

Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. One key contributor to the affordability challenges is dwindling inventory nationwide. Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes.

Inventory 395

Inventory Buyers Housing Market Mortgage 395

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% quarter over quarter and 5.5% Month over month, the FHFA’s seasonally adjusted monthly index ticked up 0.6% in September.

Inventory 469

Inventory New Listings Finance Buyers 469

Housing Wire

MAY 15, 2024

By Q1 2022, 80% of mortgage holders were locked in with their incredibly cheap financing. Available inventory of homes to buy follows a reliable seasonal trend with the low in Q1 and the high in Q3 of each year (except for the 2020 pandemic year). Part of the home sales slowdown in 2023 was due to a lack of inventory.

Mortgage 410

Mortgage New Listings Inventory Sellers 410

Housing Wire

MAY 17, 2023

Catching the headwinds Brandon Lwowski , director of research at HouseCanary , a proptech firm that provides institutional investors, lenders and other clients with residential real estate analysis, said the 2021-2022 time frame was an “optimal market for flippers” because of strong home-price appreciation, tight home inventory and “huge demand.”

Finance 370

Finance Marketing Renovations Investors 370

Miller Samuel

JANUARY 23, 2024

Kathleen Hays Presents: Central Bank Central: Miller Samuels’ Chief Sees Stubbornly High Mortgage Rates, Low Inventories The post Central Bank Central Video Podcast: Miller Samuels’ Chief Sees Stubbornly High Mortgage Rates, Low Inventories first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Inventory 195

Inventory Mortgage Real Estate Housing Market 195

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. All four U.S.

Inventory 487

Inventory Housing Market New Listings Buyers 487

Appraisal Buzz

AUGUST 30, 2021

The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas. The post GSEs Outline Hurricane Relief; Inventories Hampering Home Sales; Rates Fall Again appeared first on Appraisal Buzz. Those areas are currently on the Gulf Coast, but it.

Inventory 195

Inventory Finance Appraisal Mortgage 195

Housing Wire

SEPTEMBER 27, 2023

A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

Housing Market 512

Housing Market Marketing Inventory Construction 512

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5%

Sellers 505

Sellers Buyers Inventory Real Estate Agent 505

Appraisal Buzz

APRIL 23, 2024

With many homeowners “rate-locked” into their existing homes, new homes are the only bright spot in a market suffering from low inventory. This will improve the cost of financing for land developers and home builders and enable more attainable housing supply.” “New

Mortgage 369

Mortgage Inventory Development Finance 369

Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. “Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan.

Housing Market 445

Housing Market Marketing Training New Listings 445

Housing Wire

APRIL 2, 2024

Through NAF Cash, the lender purchases the buyer’s chosen home upfront with cash while the buyer can rent the new home while working on selling the old home or securing financing on the new one. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 410

Loan Officers Retail Finance Buyers 410

Housing Wire

FEBRUARY 12, 2024

Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 401

Lending Renovations Construction Finance 401

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Then, we have all the traditional financing options, including jumbo.”

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

Housing Wire

JANUARY 9, 2024

What remains an unknown, however, is whether housing inventory, pricing and interest rates will settle into a goldilocks zone that allows home equity lending to flourish. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.”

Lending 461

Lending Inventory Mortgage Finance 461

Housing Wire

MARCH 27, 2024

The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In They’re 100% financing, they don’t require a downpayment and the guidelines are tilted toward helping the [borrower] get in the home,” Overfelt said. “I VA loans are probably the best loans on the market.

Buyers 446

Buyers Real Estate Agent Inventory Real Estate 446

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

Mortgage 518

Mortgage Inventory New Listings Sellers 518

Inman

MARCH 21, 2023

Real estate investors are heading into spring facing the same inventory and interest rate woes that are dampening all of real estate. But sometimes necessity is the mother of invention.

Investors 130

Investors Finance Real Estate Inventory 130

Housing Wire

APRIL 20, 2023

Despite much higher mortgage rates than those seen a year prior, sales prices have only decreased slightly, thanks in large part to the continued inventory pinch. At the end of March, NAR reported that the inventory of unsold existing homes was up to 980,000, an increase of 1.0% from a month prior and 5.4% from a year ago.

Inventory 382

Inventory Housing Market Realtors Mortgage 382

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Find them the right home Inventory is scarce, and will likely stay that way for a while. Be the leader in the transaction.

Clients 426

Clients Real Estate Inspection Buyers 426

Housing Wire

JANUARY 19, 2024

Prospective homebuyers have been shut out of the market by a lack of inventory. A consequence of the tight inventory situation, the median sales price for an existing home rose to a record high of $389,800 in 2023. Compared to a month ago, housing inventory was down 11.5% In December, the median sales price was $382,600, up 4.4%

Inventory 437

Inventory Realtors Housing Market Construction 437

Housing Wire

DECEMBER 1, 2023

“With the latest Federal Housing Finance Agency (FHFA) announcement, he could qualify for a conforming loan paying a 5% down payment of roughly $40,000 rather than $80,000 – which could have put him on the sideline. I think rates will have a big impact because, one, they affect buyer affordability, and two, they affect inventory.

Finance 447

Finance Buyers Mortgage Inventory 447

Real Estate News

JULY 7, 2023

In this high-interest rate, low-inventory environment, creative financing tactics can help agents and their clients seal the deal.

Tools 228

Tools Inventory Finance Clients 228

Housing Wire

OCTOBER 26, 2023

Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Because of homebuilders’ ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. For those new construction units, the national median new home price is projected to drop by 5.9%

Inventory 405

Inventory Contracts Housing Market Realtors 405

Housing Wire

MAY 13, 2024

In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Additionally, in 2022, the Federal Housing Finance Agency (FHFA) increased the fees for second-home loans purchased by Fannie Mae and Freddie Mac. First, it is more expensive to buy a second home.

Mortgage 421

Mortgage Marketing Buyers Investing 421

Housing Wire

JANUARY 12, 2024

To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. in mid-2022.

Real Estate Agent 469

Real Estate Agent Sellers Inventory Mortgage 469

Housing Wire

JANUARY 4, 2024

While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise,” he added. According to Bright MLS Chief Economist Lisa Sturtevant, the lack of inventory remains the main issue, keeping home prices elevated.

Mortgage 436

Mortgage Inventory Sellers Marketing 436

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Supply Chain 410

Supply Chain Finance Development Modernization 410

Housing Wire

NOVEMBER 30, 2023

The modest uptick in demand over the last month signals that there will likely be more competition in a market that remains starved for inventory.” Meanwhile, inventory will also increase by more than 14% by the end of Q2. However, Realtor.com ’s forecast doesn’t anticipate inventory struggles to ease in 2024.

Mortgage 509

Mortgage Inventory Tools Investors 509

Housing Wire

DECEMBER 20, 2023

Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1 Higher rates and lack of resale inventory dampened the housing market in 2023.

Inventory 424

Inventory Housing Market Realtors Buyers 424

Housing Wire

MAY 14, 2024

In the scenario where more inventory comes into the market and rates come down, we are well positioned to capture upside to last year’s performance,” Nolan added. Looking ahead, while Nolan believes that the housing market will rebound, he noted that the timing is “uncertain and largely dependent on lower mortgage rates.” “In

Insurance 443

Insurance Real Estate Sellers Housing Market 443

Housing Wire

MAY 26, 2022

In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO at Finance of America Mortgage, to learn more about tactics top originators are using to build and retain relationships with borrowers. . Here at Finance of America, we look at technology as an ‘and’ with our loan originators not an ‘or,’” Reich said.

Loan Officers 394

Loan Officers Finance Technology Insurance 394

Housing Wire

MARCH 26, 2024

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). Over the course of 2023, the government-sponsored enterprises (GSEs) completed 192,897 foreclosure prevention actions. The rate for U.S.

Government 456

Government Mortgage Inventory Real Estate 456