Housing Wire

APRIL 28, 2022

The revenue is up 6% from the first quarter of 2021, but net income dipped from $33 million that quarter, largely due to declining fortunes for the company’s mortgage joint venture with Chicago-based mortgage lender Guaranteed Rate. Despite the acute inventory shortage, the National Association of Realtors estimated this week that 5.6

Mortgage 370

Mortgage Brokerage Agents Real Estate Agent 370

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. This has led to a rise in foreign investor purchases of U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. for the past two weeks. 22 was 1.32.

Mortgage 442

Mortgage Inventory Construction Technology 442

Housing Wire

APRIL 18, 2024

The challenges in today’s mortgage market have caused many originators to expand their loan product offerings outside of qualified mortgage (QM) criteria set by the Consumer Financial Protection Bureau (CFPB). Higher interest rates , shrinking Agency business and low inventory still threatens volume.

Marketing 424

Marketing Investors Real Estate Business 424

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 493

Mortgage Housing Market Realtors Inventory 493

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. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

Inventory 483

Inventory Housing Market New Listings Buyers 483

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 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

Housing Market 542

Housing Market Marketing Inventory Sellers 542

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. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. higher than last year.

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Eyes on Housing

FEBRUARY 18, 2022

Despite record-low inventory and higher prices, existing home sales jumped in January as buyers expected further rate increases and locked in current low rates, according to the National Association of Realtors (NAR). However, investors with all-cash offers were squeezing out first-time and young homebuyers.

Inventory 167

Inventory Realtors Investors Buyers 167

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 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.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. From NAR : Total existing-home elevated 3.1%

Inventory 464

Inventory Mortgage New Listings Marketing 464

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. offers, according NAR’s REALTORS® Confidence Index. Due to the recent rise in mortgage rates, homeowners may just stay put.

Buyers 471

Buyers Realtors Inventory Sellers 471

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 506

Inventory Housing Market Marketing Realtors 506

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

Mortgage 393

Mortgage Sellers Buyers Housing Market 393

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? Mother Demographics and low mortgage rates are two very hard competitors to go against when advocating an epic housing crash.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels.

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. presentation slide for investors in the SPAC that took it public, also in 2020. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. “The largest, undisrupted market in the U.S.,”

Marketing 414

Marketing Inventory Renovations Investors 414

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. Inventory is always seasonal. Today inventory levels are at 1.02 million and 1.93

Housing Market 521

Housing Market Marketing Inventory Realtors 521

Housing Wire

SEPTEMBER 8, 2022

When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

Inventory 543

Inventory Law Housing Market Design 543

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 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. Unsold inventory sits at a 2.0-month

Housing Market 483

Housing Market Marketing Inventory Mortgage 483

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. Since purchase application is very seasonal, and that seasonality is almost done after May, we should now be watching mortgage rates.

Housing Market 538

Housing Market Marketing Inventory Mortgage 538

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25 15, just 0.07

Mortgage 433

Mortgage Realtors Real Estate Marketing 433

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from December and mortgage rates shot up 30 basis points. from the prior month to a seasonally adjusted annual rate of 6.5

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

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.

Renovations 404

Renovations Realtors Construction Mortgage 404

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 450

Real Estate Advertising Agents Realtors 450

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. 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.

Loan Officers 393

Loan Officers Agents Retail Technology 393

Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. How Mortgage as a Service Levels the Playing Field for Minority and First-Time Homeowners.

Buyers 370

Buyers Investors Mortgage Valuation 370

Housing Wire

DECEMBER 3, 2020

The passage of Proposition 19 in California — which will generate wildfire relief funds while providing tax breaks for senior citizens — was a victory for the California Association of Realtors , which lobbied for its passage and put real dollars behind the effort. But CAR, which supported the measure with $35.7

Property Taxes 399

Property Taxes Realtors Law Inventory 399

Housing Wire

JUNE 16, 2022

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. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Robinson Appraisal Group

JULY 17, 2023

The low inventory of available homes combined with high interest rates has made it difficult for potential buyers to find an affordable home in the area. Harford County homes for sale are down 19.2%, Baltimore County inventory is down 30.2% So, why is the inventory amount for houses on the market so low??

Inventory 141

Inventory Landlords Real Estate Realtors 141

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. Connie Kim: Then who are your main referral partners – Realtors?

Business 404

Business Loan Officers Clients Inventory 404

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgage 464

Mortgage Brokerage Real Estate Tenants 464

Eppraisal

OCTOBER 31, 2023

Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too. Investors want to acquire houses pennies on the dollar , flip them, and sell them at a profit.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% million existing homes were sold, according to the National Association of Realtors.

Mortgage 415

Mortgage Inventory Investors New Listings 415