Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

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Finance Marketing Renovations Investors 354

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. The only problem?

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Lending Renovations Finance Investors 369

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.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. I have documented the history of these housing price crash addicts for a decade now. Housing inventory issue with no booming demand.

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Inventory New Listings Law Housing Market 381

Housing Wire

OCTOBER 12, 2020

Some of their biggest hits (or should I say misses) in the last 8 years have been the never-realized silver tsunami crash, the ever popular investor supply crash, the Airbnb supply crash, and this year, COVID-19 was for sure going to send prices crashing 30%-50%. We have a precedent for how housing crashes happen. million.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. America’s fix-and-flip short-term property market is estimated to be worth as much as $68 billion a year, according to F2 Finance. LendInvest has more than $4.7

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Finance Marketing Lending Inventory 332

Housing Wire

AUGUST 5, 2021

Economists and investors are waiting for any indication that the Federal Reserve may begin tapering its asset purchases. As rates change and the market shifts to a more purchase-driven origination environment, lenders need to carefully monitor margins and profitability. Presented by: Black Knight.

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Mortgage Valuation Housing Market Renovations 523

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. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 373

Housing Wire

OCTOBER 16, 2023

Mortgage applications are at multi-decade lows, and housing inventory remains highly depressed, helping push home prices up. The MBA, alongside several other trade groups, sent a letter to lawmakers and monetary policymakers that the government can do much more to help the housing industry while still fighting inflation.

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Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. The jumbo market for brokers is back in a huge way. At this time last year, only two homes had been sold in Austin for more than $300,000 above asking price. Presented by: Rocket Pro TPO.

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Marketing Sellers Finance Loan Officers 488

Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. Why partner with Newrez?

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Lending Investing Loan Officers Design 365

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

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Housing Market Marketing Inventory Lending 392

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market,” Gelbman said. million, below the 2019 range of 1.52 million to 1.93

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Mortgage Loan Officers Inventory Retail 378

Housing Wire

MARCH 22, 2023

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand.

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Mortgage Sellers Buyers Housing Market 371

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Loan Officers Agents Retail Technology 373

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. I really think they had about three months last year where it was a buyers market in the fourth quarter. Connie Kim : Tell us about your main market. in the fourth quarter of 2022.

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Marketing Inventory Loan Officers Buyers 356

Housing Wire

JULY 12, 2022

. “As we know, the Federal Reserve has indicated they’re going to continue to raise rates, so we can lock in the loan with today’s rate for up to 90 days,” said Scott Bridges, senior managing director of direct consumer lending. And that has put pressure on mortgage lenders with extended lock-in periods.

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Housing Wire

JUNE 2, 2023

The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders. The transaction could also signal investors’ re-entry into the housing market after institutional investors shed properties at the end of 2022 following a drop in housing prices nationwide.

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Real Estate Investors Investing Housing Market 392

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

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Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. In a June 2022 letter, nonbank trade group Community Home Lending Association suggested increasing the lender fee to 2%, plus a $500 underwriting fee.

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Mortgage Loan Officers Government Buyers 369

Housing Wire

JUNE 15, 2022

In a tight housing market with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . It’s not a bad thing for borrowers, lenders, and loan investors. Not a one-size fits all”.

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Mortgage Loan Officers Bracketing Investors 357

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

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Renovations Realtors Construction Mortgage 385

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. And housing prices are still up! “In

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D.

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Investors Marketing Inventory Real Estate 435

Housing Wire

SEPTEMBER 5, 2023

It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. And then closing as fast as possible because we’re still in a tight housing market with tight inventory. But I think there’s a dynamism in the U.S.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile.

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Mortgage Inventory Housing Market Construction 451

Housing Wire

NOVEMBER 30, 2022

From the point of view of investors and broker-dealers, Petrosinelli said, the current MBS market is not all that attractive, given the volatile rate environment. ” Until the Fed concludes their hiking cycle, volatility and illiquidity in the secondary market will continue,” he said. trillion in 2022, to $2.24

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Marketing Mortgage Business Government 377

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. Tomo has already launched Tomo in Seattle, Dallas and Houston and expects to launch in other hot markets later this year. It’s early.

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Lending Real Estate Real Estate Agent Modernization 438

Housing Wire

JUNE 27, 2022

Through numerous interviews with industry players, HousingWire assessed the rapidly changing housing market to determine who remains vulnerable to the higher-rate environment, and who’s primed to capitalize in the months ahead. I don’t think it’s a win for anyone on the lending side. The culling.

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Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. ” After 30 years, Redwood still seeks to fill voids in the mortgage market. . “The way the investor gets paid is that you share in the upside of the home.”

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Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate.

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Mortgage Loan Officers Inventory Business 440

Patch of Land

OCTOBER 16, 2018

The question is: how should this affect your expectations as a house flipping investor? Does a Slowdown in Housing Mean Less Profits as a House Flipper? If that’s the case, I think what it might do is cause inventories to rise modestly and home price growth to slow.

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Appraisal Today

DECEMBER 8, 2023

The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S. ”… Question 2: does the lending industry owe the appraiser a living? homes dropped 29.7% are confusing.

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Appraisal Real Estate Contracts Design 69

Housing Wire

JUNE 1, 2023

I believe that investors have been calm about it and handled it [the debt-ceiling crisis] well,” he added. Brian Hale, founder and CEO of consultancy Mortgage Advisory Partners , said in his view the 30-year mortgage rate has to drop into the mid-5% range at a minimum before the market can gain any real momentum.

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Will Springer Realtor

JANUARY 9, 2024

This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. In other words, the housing market was in deep hibernation and the conditions should only improve from here. Inventory fell in terms of months of supply across the county. in November.

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Housing Wire

JUNE 18, 2021

. “But the first quarter of 2021 certainly marked a notable downturn for the flipping industry, with the big drop in activity suggesting that investors may be worried that prices have simply gone up too high. After riding the housing boom along with others for years, they now might be having second thoughts.”

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Investors Investing Inventory Lending 477

Housing Wire

AUGUST 3, 2023

So, even at the current rate of new-home construction, with demand at stellar levels, the homebuilding industry is still falling well short of the break-even point needed to actually reduce the nation’s housing deficit, assuming the experts are correct. So, that just means not everybody can afford a new house, or a house altogether.”

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