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 411

Realtors Housing Market Marketing Buyers 411

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. What does it mean for buyers, sellers?

Mortgage 400

Mortgage Sellers Buyers Housing Market 400

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1%

Mortgage 447

Mortgage Housing Market Buyers Sellers 447

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

Business 445

Business Finance Buyers Lending 445

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4% Of the total, 36.1%

Mortgage 343

Mortgage Marketing Loan Officers Real Estate Agent 343

Housing Wire

OCTOBER 28, 2020

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19. “The catch is that waiting to sell may raise the cost of a trade-up. .

Sellers 359

Sellers Marketing Inventory Lending 359

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Lender roadmap: Driving success in a difficult market. Presented by: Polly.

Mortgage 357

Mortgage Sellers Finance Technology 357

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 387

Mortgage Loan Officers Government Buyers 387

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022.

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Inventory Housing Market New Listings Marketing 540

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 415

Loan Officers Mortgage Inventory Clients 415

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgage 403

Mortgage Buyers Marketing Inventory 403

Housing Wire

JANUARY 10, 2023

But despite the affordability hurdles, Fannie Mae’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, rose in December by 3.7 points to 61 due to consumers reporting expectations that mortgage rates and home prices may decrease over the year, the agency said.

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Buyers Lending Mortgage Government 491

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. How do we know the housing market is shifting?

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Typically, this dynamic tends to favor the seller because, thanks to the lower interest rates, buyers are willing to borrow more and pay less interest over the life of the loan. Push for tech.

Mortgage 518

Mortgage Inventory Real Estate Technology 518

Housing Wire

MARCH 22, 2023

In addition, the stress on smaller banks may result in tightening lending standards, requiring fewer rate hikes from the Fed to cool down the economy and combat high inflation. Impact on the housing market In the housing market, the bank collapses over the last few weeks have sent mortgage rates downward, though they remain volatile.

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Lending Housing Market Mortgage Marketing 414

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 415

Mortgage Loan Officers Finance Investors 415

Housing Wire

APRIL 10, 2023

This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. In early March, when mortgage rates started their climb back toward 7%, originations faced pronounced downward pressure.

Marketing 365

Marketing Insurance Housing Market Mortgage 365

Housing Wire

SEPTEMBER 21, 2022

Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average. Buyers and sellers alike have now anchored their expectation of “normal” to sub-3% mortgage rates, multiple-offer bidding wars, and double-digit annual price growth.

Housing Market 482

Housing Market Inventory Buyers Marketing 482

Housing Wire

JUNE 21, 2021

Though interest rate offerings trended downward across all mortgage products in May, overall rate locks were still down across the board,” said Black Knight secondary marketing technologies President Scott Happ. ” According to Happ, February’s rise in rates drained some of the excitement in the market.

Lending 468

Lending Sellers Housing Market Buyers 468

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgage 321

Mortgage Technology Investors Lending 321

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Yet, today’s housing market is nothing like the housing bubble of the mid-2000s. The combination of these factors has some feeling 2008 déjà vu.

Housing Market 366

Housing Market Finance Marketing Mortgage 366

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Check with your local or state housing agency for a list of programs.

Agents 425

Agents Buyers Sellers Inventory 425

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. As of mid-March, Richards said the company had signed up more than 20 clients with an aggregate total of more than 5,000 mortgage originations.

Loan Officers 395

Loan Officers Clients Mortgage Construction 395

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? We do that. Join the conversation!

Lending 99

Lending Appraisal Property Taxes Training 99

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. HousingWire spoke to a half-dozen industry pros in the primary and secondary markets for their takes on when normalcy might return.

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Marketing Mortgage Business Government 405

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.

Marketing 508

Marketing Sellers Finance Loan Officers 508

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. A homebuyer’s guide to a competitive housing market. The purpose?

Appraisal 482

Appraisal Real Estate Agent Sellers Real Estate 482

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 411

Clients Agents Buyers Sellers 411

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Portals will authenticate identity, validate content, facilitate standard agreements, and ensure timely payments between buyers and sellers of homes and service providers.

Supply Chain 367

Supply Chain Real Estate Technology Mortgage 367

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 349

Real Estate Brokerage Real Estate Agent Technology 349

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

Insurance 365

Insurance Loan Officers Sellers Mortgage 365

Housing Wire

DECEMBER 1, 2023

. “With the latest Federal Housing Finance Agency (FHFA) announcement, he could qualify for a conforming loan paying a 5% down payment of roughly $40,000 rather than $80,000 – which could have put him on the sideline. They will be more comfortable than the baby boomer generation taking out a larger mortgage to get what they want.

Finance 432

Finance Buyers Mortgage Inventory 432

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

SEPTEMBER 29, 2022

Included in this agenda are also four, breakout sessions that cover different key parts of the housing sector. In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. The Future of Lending is here Today.

Loan Officers 361

Loan Officers Real Estate Technology Business 361

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

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Inspection Appraisal Buyers Appraisal Process 459

Housing Wire

NOVEMBER 2, 2023

iBuyers led the way on reshaping the options available to sellers through direct, instant cash offers at scale. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. The problem with this process has been complexity and access to lending products.

Marketing 363

Marketing Finance Buyers Real Estate 363