Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. According to Altos Research data , housing Inventory fell by 6,201 over the last week; the decline is less this week than last.

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Housing Market Mortgage Marketing Inventory 370

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 374

Housing Market Renovations Marketing Retail 374

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734.

Housing Market 380

Housing Market Marketing Inventory New Listings 380

Housing Wire

JANUARY 18, 2023

. “The optimism is based on two factors: one, we’ve seen a nice trend in rates, moving lower over the last few weeks; and two, more and more houses are building up in inventory, so we’re seeing sellers being more willing to work with buyers.”

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Inventory Mortgage Retail Training 437

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Inventory has been falling for years.

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Housing Market Marketing Supply Chain Inventory 337

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. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The excellent.

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Housing Market Marketing Construction Mortgage 530

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.

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Housing Market Marketing Agents Real Estate 348

Housing Wire

MARCH 15, 2022

HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? The goal for inventory is to get back to 1.52-1.93 The goal for inventory is to get back to 1.52-1.93 Inventory is about to increase as it always does during this year. Back to the inventory crisis. housing market.

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Housing Wire

MARCH 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Other sources of housing data are showing increases in new listings, which is a real positive for the spring buying season given the lack of for-sale inventory.” Mortgage applications increased by 9.7%

Mortgage 427

Mortgage Retail New Listings Inventory 427

Housing Wire

FEBRUARY 21, 2024

As interest rates ease and housing inventory stabilizes, mortgage companies are likely to start ramping up their recruiting strategies. Not all sides of housing have been hit as hard as mortgage lending,” Gigliotti said. He expects hiring to pick up again on the lending side in the third quarter of 2024.

Housing Market 338

Housing Market Mortgage Marketing Real Estate 338

Housing Wire

AUGUST 13, 2023

Weekly active inventory grew slowly again and purchase apps were down week to week again. Weekly housing inventory The painful housing inventory story of 2023 continues as we had yet another week of slow inventory growth. Retail sales and the Leading Economic Index are out this week.

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Mortgage Inventory New Listings Retail 368

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

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Mortgage Inventory Retail Construction 529

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation.

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Mortgage Inventory New Listings Sellers 529

Housing Wire

MARCH 8, 2024

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Job openings were essentially unchanged at 8.9

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Transportation Retail Housing Market Construction 436

Housing Wire

SEPTEMBER 2, 2022

Back in March, HousingWire Lead Analyst Logan Mohtashami coined the phrase “savagely unhealthy” to describe the state of the housing market. When Mohtashami first used the phrase in his commentaries back in March, he said, “I have lost my five-year home-price growth model of 23% in just two years, and inventory has worsened in 2022.

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Retail Housing Market Inventory Lending 355

Housing Wire

JANUARY 3, 2024

Brokerage firms are not producing goods on a factory line — there are no warehouses holding physical inventory, no retail distribution channels and really, no patentable intellectual property. Second, the residential housing market is highly seasonal, highly cyclical and as we are all keenly aware, highly volatile.

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Valuation Brokerage Housing Market Agents 390

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. Retail sales also came in a bit lighter than expected: HW+ Member: Are you implying that the builder survey and retail could influence the Fed to come off the 75 bps guidance? Once we hit 1.52-1.93 Last year we had roughly 6.7

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Inventory Investors Retail Housing Market 357

Housing Wire

MARCH 30, 2023

Just having those additional layers in the retail model really creates strain there,” Kirby said in an interview. I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). What is the upside of launching a mortgage broker shop?

Mortgage 372

Mortgage Retail Loan Officers Brokerage 372

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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Mortgage Retail Technology Lending 326

Housing Wire

MAY 24, 2023

retail residential mortgage applications. 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. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6%

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Mortgage Inventory Retail Housing Market 382

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

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 385

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. If I get something it will be a bidding war (when I sell).”

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Marketing Investors Real Estate Investing 440

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. retail residential mortgage applications. Overall, mortgage applications increased last week by 5.3%

Mortgage 356

Mortgage Retail Housing Market Contracts 356

Housing Wire

APRIL 27, 2021

The move aligns with the current portfolio of Atlas Real Estate, a Denver-based company that reports managing more than 4,200 housing units in the aforementioned Mountain states. These company’s plans to build or refurbish, and then rent single-family homes comes amid a sharply imbalanced housing market in which supply is not meeting demand.

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Real Estate Renovations Inventory Retail 366

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. Business is at a “dead stop,” said a retail loan officer in Michigan. million, below the 2019 range of 1.52 million to 1.93

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Mortgage Loan Officers Inventory Retail 382

Housing Wire

FEBRUARY 24, 2022

As we enter the spring homebuying season with higher mortgage rates and continued low inventory, we expect home price growth to remain firm before cooling off later this year.”. retail residential mortgage applications. The survey, conducted weekly since 1990, covers over 75% of all U.S.

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Mortgage Retail Inventory Housing Market 369

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?

Housing Market 446

Housing Market Marketing Inventory New Listings 446

Housing Wire

APRIL 26, 2023

The Market Composite Index, a measure of application volume, increased 3.7% retail residential mortgage applications. Experts do see some signs of improvement in housing supply , but it’s still too early to celebrate. Altos Research data shows that inventory rose from 405,468 to 414,010 from April 14 to 21.

Mortgage 393

Mortgage Loan Officers New Listings Government 393

Housing Wire

APRIL 19, 2023

However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. retail residential mortgage applications. As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. from 12.8% in the same period. ”

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Buyers Mortgage Marketing Inventory 369

Housing Wire

JULY 20, 2023

Licensed in 46 states, On Q Financial originated $2 billion in 2022 — 85% of the volume coming from its retail channel and 15% coming from the correspondent and wholesale channel, according to Lamb. New builds are a bright spot in a bleak housing market as buyers seek new builds due to the lack of resale inventory.

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Loan Officers Brokerage Real Estate Lending 255

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. Meanwhile, volumes declined 42% year over year in the retail branches to $22.4

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Mortgage Lending Retail Business 397

Housing Wire

JUNE 15, 2023

Where mortgage rates will go will depend on how the markets react to new economic data, Melissa Cohn, regional vice president of Wlliam Raveis , said. For instance, the retail sales report and jobless claims this week will be an indication as to which direction the bond market and mortgage rates will move, Cohn noted. “If

Mortgage 357

Mortgage Inventory Retail Housing Market 357

Housing Wire

NOVEMBER 23, 2020

“Buyers can bid, buy and close on online REO auction properties without leaving their homes, making this inventory particularly attractive to real estate investors and other buyers in this season of social distancing,” said Walter Skrzynski, senior vice president of online auction sales at Auction.com.

Buyers 530

Buyers Real Estate Investors Retail 530

Housing Wire

MARCH 11, 2021

Per White House Press Secretary Jen Psaki, direct deposits could be hitting Americans’ bank accounts as early as this weekend. For the housing industry, Biden’s American Rescue Plan is an enormous buoy at a time when home prices are sky-high , inventory is low, and millions are struggling to make rent and mortgage payments.

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Tenants Government Retail Law 545

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We,

Mortgage 327

Mortgage Loan Officers Retail Construction 327

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

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Housing Market Buyers Marketing Retail 401