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Millions will enter housing market in 2021: Zillow

Housing Wire

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5%

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ICE Mortgage Technology President Tim Bowler on mortgage automation

Housing Wire

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. What’s the role of tech as lenders play the long game in this market?

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Employment gains could help housing inventory

Housing Wire

HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Presented by: CreditXpert.

Inventory 501
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Fannie Mae economists offer housing market outlook, potential timeline for interest rate cuts

Housing Wire

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. labor force are not vigorous.

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First-time homebuyers fueling hot Des Moines housing market

Housing Wire

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. Presented by: MCS .

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

Housing Wire

Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 47.4% are optimistic.