Housing Wire

JANUARY 29, 2024

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. How much will the inventory shortage contribute to the rise in home prices this year? This interview was condensed and lightly edited for clarity.

Housing Market 458

Housing Market Marketing Mortgage Investors 458

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

Housing Market 533

Housing Market Marketing Construction Mortgage 533

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

FEBRUARY 21, 2024

As interest rates ease and housing inventory stabilizes, mortgage companies are likely to start ramping up their recruiting strategies. This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed mortgage rate averaged less than 3%. a New York-based multichannel lender.

Housing Market 392

Housing Market Mortgage Marketing Real Estate 392

Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. above the list price and sat on the market about 11 days before going pending.

Housing Market 421

Housing Market Marketing Agents Real Estate 421

Housing Wire

NOVEMBER 3, 2023

In October, health care, government, and social assistance posted some strong job gains. What to expect in the housing market ? The continuing strength of the construction labor market may be surprising, but it’s reflective of broader housing market dynamics today,” First American Economist Ksenia Potapov said in a statement.

Marketing 397

Marketing Construction Housing Market Government 397

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

Housing Market 420

Housing Market Marketing Construction Insurance 420

Housing Wire

SEPTEMBER 28, 2023

Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.

Housing Market 477

Housing Market Contracts Government Buyers 477

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. Not all buying interests are being completed due to limited inventory ,” Lawrence Yun , the chief economist of NAR, said in a statement.

Inventory 383

Inventory Housing Market Contracts Government 383

Housing Wire

NOVEMBER 11, 2022

Yun, who analyzed the current state of the residential market, offered his 2023 market outlook on Friday at the NAR conference in Orlando. For most parts of the country, home prices are holding steady since available inventory is extremely low,” Yun said. In turn, purchase inventory levels have stayed low in most markets.

Inventory 496

Inventory Housing Market Realtors Mortgage 496

Housing Wire

FEBRUARY 17, 2024

We are approaching a critical technical level on the 10-year yield that can cause market drama for mortgage rates. However, the 10-year yield above 4.34% is not part of the 2024 forecast, and if that happens, look again for Fed members to try to talk the bond market down again if this escalates to a 5% 10-year yield and 8% mortgage rates.

Mortgage 535

Mortgage Inventory New Listings Housing Market 535

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.

Marketing 427

Marketing Mortgage Investors Sellers 427

Housing Wire

MAY 14, 2024

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 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.

Insurance 448

Insurance Real Estate Sellers Housing Market 448

Housing Wire

MARCH 13, 2024

Real estate professionals need no reminder of how catastrophic high rates have been for housing inventory , sales and prices. Rosy economic news is unlikely to nudge the Federal Open Market Committee (FOMC) to start cutting the federal funds rate when they meet next week. Fannie Mae seems to share this sentiment.

Housing Market 440

Housing Market Real Estate Mortgage Government 440

Housing Wire

SEPTEMBER 30, 2023

We have had back-to-back weeks of the bond market getting wild since the key 10-year yield level of 4.34% broke higher. It didn’t help that the Fed was hawkish after the Fed meeting , as their forward outlook surprised some market players. As you can see in the chart below, it was another wild week in the bond market.

Mortgage 514

Mortgage Inventory New Listings Government 514

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. million openings one year prior, according to other recent job market data. March home sales look to be tracking below last year’s levels even as inventory is starting to increase. million jobs, down from 9.8

Mortgage 333

Mortgage Transportation Construction Housing Market 333

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 410

Marketing Government Mortgage Sellers 410

Housing Wire

MARCH 8, 2024

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said.

Transportation 450

Transportation Retail Housing Market Construction 450

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. The reason for the slowdown stems from a problem that continues to persist: a lack of inventory. trillion from the $4.36

Supply Chain 421

Supply Chain Inventory Government New Listings 421

Housing Wire

SEPTEMBER 13, 2023

It allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. Moreover, many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. So why is this program so rare?

Mortgage 431

Mortgage Government Advertising Buyers 431

Housing Wire

DECEMBER 22, 2023

According to Robert Dietz, chief economist at the National Association of Home Builders (NAHB), new home inventory represented about 30% of the total inventory on the market in 2023, compared to the historical norm of 12%.

Inventory 446

Inventory Government Development Marketing 446

Housing Wire

APRIL 12, 2021

will have the best housing demographics in history , then it follows that home prices could take off in an unhealthy way. In 2021, we already have the unhealthiest housing market — in terms of low housing market supply and multiple bids for each sale — than we have had in the last 10 years. Already a member?

Housing Market 466

Housing Market Government Marketing Inventory 466

Housing Wire

APRIL 19, 2023

However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. With more first-time homebuyers in the market, we continue to see increased sensitivity to rate changes ,” Joel Kan , MBA’s vice president and chief economist, said in a statement.

Buyers 384

Buyers Mortgage Marketing Inventory 384

Housing Wire

AUGUST 3, 2023

According to HousingWire’s analyst Logan Mohtashami , the stronger labor data had a bigger impact on mortgage rates and the bond market than the sale of long-term securities or the default rating. government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 367

Mortgage Inventory Government Buyers 367

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023.

Inventory 441

Inventory Housing Market Marketing New Listings 441

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.

Mortgage 401

Mortgage Marketing Investors Lending 401

Housing Wire

APRIL 8, 2021

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The Conventional MCAI that measures loans not backed by the government gained.8%. 4%, the MBA said.

Buyers 515

Buyers Mortgage Housing Market Government 515

Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

Inventory 544

Inventory Law Housing Market Design 544

Housing Wire

JUNE 2, 2023

The lion’s share of the job growth in April came from gains in the professional and business services sector (up 64,000 jobs), the leisure and hospitality sector (up 48,000 jobs), the government sector (up 56,000 jobs), and the health care sector (up 52,000 jobs). year-over-year increase, further complicating things for the Fed. “For

Construction 383

Construction Real Estate Housing Market Transportation 383

Housing Wire

APRIL 26, 2023

The Market Composite Index, a measure of application volume, increased 3.7% Borrowers’ demand increased for conventional and government loans, up 4.50% and 1.20% from one week earlier, respectively. Both conventional and government home purchase applications increased last week. retail residential mortgage applications.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

APRIL 7, 2023

The government-sponsored enterprise’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, rose 3.3 points to 61.3 in March from February — but remains only slightly above the all-time low set late last year.

Buyers 392

Buyers Housing Market Finance Mortgage 392

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.

Mortgage 384

Mortgage Inventory Retail Housing Market 384

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. Overall, mortgage applications increased last week by 5.3% from 12% the week prior. from 12% the week prior. from 11% week over week. .

Mortgage 382

Mortgage Retail Housing Market Contracts 382

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Last year, the average down payment for first-time buyers was 6%.

Finance 369

Finance Buyers Insurance Housing Market 369

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 432

Mortgage Contracts Government Inventory 432

Housing Wire

JUNE 9, 2022

Credit tightening was most notable in the government and jumbo segments, Kan added. Both the Conventional MCAI, which does not include loans backed by the government, decreased 0.4% and the Government MCAI, which examines FHA, VA, and USDA loan programs, dropped 1.3%. and the Conforming MCAI rose by 1%. .

Mortgage 390

Mortgage Government Inventory Lending 390