Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. Last year, the seasonal peak for inventory was Oct. If I had told you on Dec.

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Housing Wire

MARCH 2, 2024

The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Weekly housing inventory data Mortgage rates are still above 7% and haven’t been able to break below 6.50% for some time now. With mortgage rates higher, will this stop inventory from growing year over year?

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Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. In a typical year, there are about 5.2

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Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Last year, we had three months of a positive data run as rates fell from 7.37% to 5.99%.

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Housing Wire

SEPTEMBER 21, 2022

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. The tailwinds.

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Housing Wire

JUNE 9, 2023

Home prices aren’t crashing, despite what the housing bubble boys are saying. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

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Housing Wire

MARCH 7, 2024

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. My guess is we’ll do 10 or 11 deals this year in the $5.5

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Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. But the next week we had the biggest increase of the year, which might show that people are rushing to list their homes. 18: 60,295 Aug.

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Housing Wire

JANUARY 6, 2024

Will the number of homes that take a price cut this year drop below 2023 levels? I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year. Time to get this party started!

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Appraisal Buzz

JANUARY 17, 2022

The housing market boomed in 2021 like few could have expected. Home prices are rising to record highs , and many policymakers and industry professionals have begun turning to building to ease shortages. This makes new home construction a continued challenge, even as demand exists to accelerate new housing.

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Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

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Housing Wire

JULY 16, 2023

We finally got a break on mortgage rates last week as the 10-year yield hit a critical level and quickly reversed lower, sending mortgage rates down. Active listings showed growth, week to week, but much smaller than I would like to see. In a normal market, mortgage rates would easily be under 6% with the 10-year yield where it is.

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Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.”

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Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. year-over-year gain made it the best-performing city for the eighth consecutive month,” Lazzara said.

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Housing Wire

JULY 12, 2023

Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. year over year in June, before seasonal adjustment, according to data released Tuesday by the Bureau of Labor Statistics (BLS).

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Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

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Housing Wire

DECEMBER 26, 2023

. “Barring any sort of unforeseen consequences, I’d like to think so , ” Joseph said in an interview. “Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they were two-plus years ago. Q4 will be down.

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Housing Wire

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast. But given how high inflation is right now, why aren’t rates even higher?

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Housing Wire

MAY 10, 2023

Today’s numbers don’t look like the 1970s at all, when rent, wages, and oil shocks sent inflation running hotter than anything we have seen in recent modern-day history. Also, we have over 900,000 apartment units coming on line soon, and the best way to defeat inflation is with more supply. percent in March, the U.S.

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Housing Wire

JANUARY 30, 2023

And, so far, it’s been a good start to the year. Here’s the housing market rundown for the last week: Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now. Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week.

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Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. year over year as of the third quarter of last year.

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Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

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Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. The 10-year yield had a rough week, almost reaching 4% intraday before falling Friday afternoon.

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Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

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Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Part of our housing dilemma is this: How can you make something affordable when you promote it as someone’s best investment?

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

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Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. from one year ago. from one year ago to $416,000, a new record high. rise from the previous year (1.23

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Inventory Housing Market Marketing Realtors 512

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Navigating capacity concerns amidst record-high volumes.

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Housing Wire

JULY 7, 2021

Roughly 77% of respondents to Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, said now is a good time to sell. Year over year, the overall index is up 3.2%. That’s up from 67% the prior month. points to 79.7

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Housing Wire

AUGUST 21, 2020

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Look, I get it.

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Housing Wire

JANUARY 27, 2021

The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come. Powell also expects to see inflation readings tick higher in the coming months, however, that spike would likely be brief.

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Mortgage Housing Market Marketing 539

Housing Wire

AUGUST 31, 2021

hit a record high in June, rising 18.6% from the same period last year, according to the S&P CoreLogic Case-Shiller Index. Going forward, home price growth may ease off but stay in the double digits through year-end. ”. increase in home prices in June from a year earlier. increase in May. acceleration in June.

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Push for tech.

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Housing Wire

OCTOBER 4, 2023

Chris McLain: We all thought radical change was coming … a decade ago. On the demand side, the pendulum of order volume took a hard swing to the low side, but it is poised to swing back hard. Housing demand is increasing, so as the market finds balance, demand will increase volume again.

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Housing Wire

JANUARY 28, 2021

The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. The 15-year fixed mortgage rate also shifted downward to 2.2 The 15-year fixed mortgage rate also shifted downward to 2.2 There was a lot of pent-up demand.

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Housing Wire

JANUARY 10, 2023

Well, here we are at the beginning of another year. For those of us in housing finance, the calendar year change really does mean something. If we can get past Q1 then things start looking up for the rest of the year, with rates expected to get down to 5.2%. Property Appraisal.

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Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? These are a few ways it will affect real estate in the coming months. Construction Sites Will Stay on Schedule. Residential dwellings, in particular, would save $500 each year by using sustainable power.

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