Housing Market, Inventory, Investors and Mortgage

Low inventory a challenge to housing market as rates decline

Housing Wire

MARCH 30, 2023

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Despite the week-over-week decline, mortgage rates started to tick up again over the last few days.

Inventory

Inventory Housing Market Marketing Mortgage

Mortgage market affordability and inventory challenges

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today.

Inventory

Inventory Marketing Mortgage Supply Chain

The housing market is now savagely unhealthy

Housing Wire

MARCH 18, 2022

While demand is solid, the savagely unhealthy aspect of housing is continuing. Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month

Housing Market

Housing Market Marketing Inventory Sellers

Housing inventory falls under 1M again as sales collapse

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. The days on market were too low.

Inventory

Inventory Housing Market New Listings Marketing

Is the savagely unhealthy housing market back?

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

Housing Market

Housing Market Marketing Inventory Mortgage

The savagely unhealthy housing market is now a nightmare

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

Housing Market

Housing Market Marketing Inventory Mortgage

Mortgage rates hold steady ahead of jobs report

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. Meanwhile, inventory rose year over year by nearly 19%.

Mortgage

Mortgage Inventory Sellers Investors

LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

Housing Market

Housing Market Mortgage Marketing Inventory

With low inventory, house hunters are in full safari mode

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

Inventory

Inventory Renovations Real Estate Government

How home-price growth has damaged the housing market

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. million or higher.

Housing Market

Housing Market Marketing Inventory Investors

Days on market grow despite low inventory for existing homes

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory

Inventory Marketing Housing Market New Listings

This savagely unhealthy housing market needs higher rates

Housing Wire

MAY 19, 2022

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%. The real story in housing has been the price boom that we have seen since 2020.

Housing Market

Housing Market Marketing Inventory Realtors

The housing market is still savagely unhealthy

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. Unsold inventory sits at a 2.0-month

Housing Market

Housing Market Marketing Inventory Mortgage

Fannie Mae’s chief economist on housing market outlook

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. Kim: Spreads in the mortgage space are wide.

Housing Market

Housing Market Marketing Buyers Investors

Mortgage rates decline after Fed pauses hikes once more

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Is the housing market normalizing?

Mortgage

Mortgage Housing Market Sellers Inventory

Weekly mortgage rates soar closer to 8%: Freddie Mac

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage

Mortgage Inventory Housing Market Realtors

Why are existing home prices rising when sales are still so low?

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. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8%

Inventory

Inventory Housing Market New Listings Buyers

Fannie Mae economists offer housing market outlook, potential timeline for interest rate cuts

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. Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year. If mortgage rates get down to 5%, then I think there is a nonlinear piece to it.

Housing Market

Housing Market Marketing Mortgage Investors

3 solutions to a gridlocked housing market

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up.

Housing Market

Housing Market Marketing Inventory Lending

Big Four executives bemoan housing market conditions

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. According to DeGiorgio, mortgage rates would have to drop well below 5.0%

Housing Market

Housing Market Marketing Investors Development

Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week.

Mortgage

Mortgage Inventory Retail Construction

Secondary mortgage market adjusts to higher-for-longer rates

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. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Marketing

Marketing Mortgage Investors Sellers

Mortgage rates trend down for the third straight week

Housing Wire

NOVEMBER 16, 2023

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% The 30-year, fixed mortgage averaged at 7.44% as of Nov. 16, according to Freddie Mac ‘s Primary Mortgage Market Survey. The labor market also cooled in October.

Mortgage

Mortgage New Listings Tools Inventory

30-year mortgage rates see largest one-week drop in a year, reviving mortgage demand

Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. New inflation data comes out Tuesday, giving investors more clues on the Fed’s path moving forward.

Mortgage

Mortgage Inventory Investors Housing Market

Mortgage rates rise again following two weeks of declines

Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. Other indices showed different mortgage rates this week.

Mortgage

Mortgage Inventory Buyers Investors

How the Fed’s rate hike will affect the housing market

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Housing Market

Housing Market Marketing Loan Officers Mortgage

Inflation slows to 7.1% in November, a boost for the housing market

Housing Wire

DECEMBER 13, 2022

It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. 2023’s forward thinkers are investing in mortgage tech now. Housing market observers are watching closely. Defying aggressive action from the Fed is the strong labor market.

Housing Market

Housing Market Marketing Supply Chain Inventory

Mortgage rates reach their 2023 peak

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%.

Mortgage

Mortgage Construction Inventory Investors

Home equity products light up a dark housing market

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment.

Housing Market

Housing Market Marketing Contracts Finance

Mortgage rates surge to highest level since 2000

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time. Other indices showed significantly higher mortgage rates this week. on September 27 from 4.3%

Mortgage

Mortgage Inventory Sellers Investors

The housing market won’t crash in 2021. Here’s why

Housing Wire

APRIL 19, 2021

A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash. This is why I stress that housing is the cost of shelter to your capacity to own the debt, not an investment.

Housing Market

Housing Market Marketing Real Estate Investing

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors

Realtors Housing Market Marketing Buyers

How to price homes properly in a volatile housing market

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market

Housing Market Renovations Marketing Retail

Inflation hits highest level in 40 years as housing market sputters

Housing Wire

JULY 13, 2022

Mortgage rates are ramping up again because inflation is higher than investors had expected,” said Holden Lewis of NerdWallet. “Your mortgage rate is the price of borrowing money, and the price of money goes up when inflation is high. The housing market has been very choppy in recent months.

Housing Market

Housing Market Marketing Mortgage Inventory

Here’s an inside look at local housing markets across the country

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

Housing Market

Housing Market Marketing Agents Real Estate

Buyers can afford more expensive homes on the back of lower mortgage rates: Redfin

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Buyers

Buyers Mortgage Agents Investors

2023: A year of retrenchment for the secondary mortgage market

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. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage

Mortgage Marketing Investors Lending

New York startup Roam launches assumable mortgage platform

Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection. in March, is also listed as a senior advisor.

Mortgage

Mortgage Government Advertising Buyers

Mortgage rates rebound after five straight weeks of declines

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of the Federal Reserve ’s tightening monetary policy, and pressures in the secondary market.

Mortgage

Mortgage Buyers Housing Market Inventory

Mortgage rates dip back down to 2.98%

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. More recently, however, mortgage applications dipped 6.9%

Mortgage

Mortgage Housing Market Realtors Inventory

Mortgage rates tilt towards 7% as the 10-year treasury yield jumps

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time. economy after Fitch Ratings downgraded the U.S.′ The following day, the U.S.

Mortgage

Mortgage Inventory Government Buyers

Mortgage rates decline amid expectation of economic slowdown

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. range mid-week, and mortgage rates also tracked lower,” Jones added.

Mortgage

Mortgage Investors Buyers Inventory

Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

Loan Officers

Loan Officers Mortgage Buyers Inventory

Mortgage apps decline as rates hit the 7% mark

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. “Investors remained attuned to the uncertainty around the U.S.

Mortgage

Mortgage Inventory Retail Housing Market

Low inventory a challenge to housing market as rates decline

Mortgage market affordability and inventory challenges

Trending Sources

The housing market is now savagely unhealthy

Housing inventory falls under 1M again as sales collapse

Is the savagely unhealthy housing market back?

The savagely unhealthy housing market is now a nightmare

Mortgage rates hold steady ahead of jobs report

LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

With low inventory, house hunters are in full safari mode

How home-price growth has damaged the housing market

Days on market grow despite low inventory for existing homes

This savagely unhealthy housing market needs higher rates

The housing market is still savagely unhealthy

Fannie Mae’s chief economist on housing market outlook

Mortgage rates decline after Fed pauses hikes once more

Weekly mortgage rates soar closer to 8%: Freddie Mac

Why are existing home prices rising when sales are still so low?

Fannie Mae economists offer housing market outlook, potential timeline for interest rate cuts

3 solutions to a gridlocked housing market

Big Four executives bemoan housing market conditions

Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Secondary mortgage market adjusts to higher-for-longer rates

Mortgage rates trend down for the third straight week

30-year mortgage rates see largest one-week drop in a year, reviving mortgage demand

Mortgage rates rise again following two weeks of declines

How the Fed’s rate hike will affect the housing market

Inflation slows to 7.1% in November, a boost for the housing market

Mortgage rates reach their 2023 peak

Home equity products light up a dark housing market

Mortgage rates surge to highest level since 2000

The housing market won’t crash in 2021. Here’s why

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

How to price homes properly in a volatile housing market

Inflation hits highest level in 40 years as housing market sputters

Here’s an inside look at local housing markets across the country

Buyers can afford more expensive homes on the back of lower mortgage rates: Redfin

2023: A year of retrenchment for the secondary mortgage market

New York startup Roam launches assumable mortgage platform

Mortgage rates rebound after five straight weeks of declines

Mortgage rates dip back down to 2.98%

Mortgage rates tilt towards 7% as the 10-year treasury yield jumps

Mortgage rates decline amid expectation of economic slowdown

Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Mortgage apps decline as rates hit the 7% mark

Stay Connected