Housing Wire

MARCH 6, 2023

Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said.

Housing Market 397

Housing Market Marketing Inventory Sellers 397

Inman

JANUARY 25, 2024

Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years.

Inventory 133

Inventory Sellers Marketing Lending 133

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There’s just more buyers than there are sellers,” added Steven Grossman, chief strategic officer at NJ Lenders. Waiting for rates to go down is just a foolish bet.

Loan Officers 397

Loan Officers Mortgage Inventory Clients 397

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates. Push for tech.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “The The lender and LO can make or break the transaction.”

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

Mortgage 370

Mortgage Government Inventory Lending 370

Housing Wire

JUNE 21, 2021

The severity of shortages in for-sale inventory seems to be a key driver behind the 3.4% The data giant attributed this rise as a result of increased jumbo lending and consistent home price appreciation. Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay.

Lending 441

Lending Sellers Housing Market Buyers 441

Housing Wire

FEBRUARY 6, 2023

As sales volumes continued to slump, inventory growth stalled, as sellers are taking a step back from listing their homes. For-sale inventory grew by 33% on a seasonally adjusted basis from March to July, but inventory levels stalled later in the year before falling by 5% in December — the first meaningful decline in nearly a year.

Inventory 384

Inventory Mortgage New Listings Home Value 384

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

Inventory 384

Inventory New Listings Law Housing Market 384

Listing Spark

JUNE 21, 2022

Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. Today, high amounts of homeowners equity and demand paired with an extreme shortage of inventory make for very different market conditions compared to the last crash. in April and 8% in May.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . The jumbo market for brokers is back in a huge way.

Marketing 496

Marketing Sellers Finance Loan Officers 496

Miller Samuel

DECEMBER 4, 2019

Lisa mentioned the topic of "inventory loans" that developers are relying heavily on to limp to the next upcycle with lots of unsold inventory. Hedge funds have dived headfirst into this space, even developers who are in good financial state are lending money on unsold condo inventory. Best of all, I sat in a comfy chair.

Real Estate Agent 195

Real Estate Agent Inventory Development Agents 195

Housing Wire

MARCH 19, 2023

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. New listing data collapsed, but we are putting an asterisk on that data line for this week.

Housing Market 384

Housing Market Marketing Inventory New Listings 384

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Sellers are even using this as a tool to attract buyers. It never will be.

Agents 410

Agents Buyers Sellers Inventory 410

Housing Wire

JULY 27, 2023

Executives said the channel tends to represent a larger percentage of total industry originations in a low-volume environment because liquidity becomes relevant for many sellers. Pennymac also stands to benefit as banks step back from the channel and increased capital requirements are introduced by bank regulators,” Perotti said.

Sellers 369

Sellers Valuation Inventory Mortgage 369

Housing Wire

OCTOBER 2, 2020

Caliber, headed by CEO Sanjiv Das, has retail, wholesale and correspondent lending channels, and has developed a large book of business in the purchase space. Caliber is also among the 10 biggest GSE sellers, at nearly $34 billion in mortgages through August 2020. As of Sept. That placed Caliber just behind United Wholesale Mortgage.

Valuation 430

Valuation Retail Mortgage Inventory 430

Housing Wire

OCTOBER 26, 2023

The correspondent channel continues to be the most relevant for Pennymac, with the number of sellers increasing to 829 at the end of the quarter, compared to 800 on June 30, 2023. David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. billion in UPB in Q3 2023, up 0.8%

Sellers 421

Sellers Mortgage Inventory Marketing 421

Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. David Doctorow : We feel for home buyers and sellers. For buyers in today’s market, the severe lack of inventory adds another layer of frustration, FOMO (fear of missing out) and a sense of urgency.

Real Estate Agent 441

Real Estate Agent Real Estate Agents Marketing 441

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 441

Mortgage Buyers Agents Real Estate Agent 441

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 397

Mortgage Sellers Buyers Housing Market 397

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

Real Estate 450

Real Estate Sellers Technology Real Estate Agent 450

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. So why is this program so rare?

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Literally, we’re right back to being a seller’s market again.” The suburbs had a significant lack of inventory, and even the urban areas, there just wasn’t a lot of deals going on.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

JUNE 19, 2023

According to the latest data from Altos Research , the real estate market is experiencing unusual patterns in pricing, inventory and demand. The data shows that home prices have held steady even in an environment with higher mortgage rates , in large part because inventory continues to be at near record low levels.

Real Estate 369

Real Estate Business Clients Client Relationships 369

Housing Wire

DECEMBER 1, 2023

Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation. Current high rates are creating an inventory lock-in effect because sellers with existing low-rate mortgages don’t want to give those loans up for a much higher rate on another property. “I

Finance 458

Finance Buyers Mortgage Inventory 458

Housing Wire

SEPTEMBER 21, 2022

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. The recent rise in inventory is more about homes sitting on the market longer than new inventory being added. The headwinds.

Housing Market 458

Housing Market Inventory Buyers Marketing 458

Housing Wire

NOVEMBER 8, 2021

Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases. I’d say there is a 50/50 chance of a letter having an impact on sellers, but when things are tough, it’s worth a shot,” Pascoe said.

Clients 397

Clients Agents Buyers Sellers 397

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. Another reason why distressed sales are likely low, is that lending standards remain tight. It is difficult to obtain a mortgage today.

Realtors 397

Realtors Housing Market Marketing Buyers 397

Housing Wire

DECEMBER 14, 2022

Housing services inflation has been very, very high and will continue to go up before coming back down sometime next year, Powell said of the industry — which has suffered due to elevated home prices , a lack of inventory and high mortgage rates that have chilled activity.

Mortgage 421

Mortgage Housing Market Buyers Sellers 421

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. You need a buyer and seller,” Brown said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

MAY 2, 2024

That was a problem for sellers of loans. … So, basically, if I’m trading [as a seller] a 7% loan right now, I may get a premium — like a solid 102 [over par] or whatever. KBRA’s measure of non-agency loans encompasses the prime jumbo, nonprime/non-QM, and home equity lending spaces, as well as credit-risk transfer deals.]

Marketing 432

Marketing Mortgage Investors Sellers 432

Housing Wire

JANUARY 30, 2024

And they’ve also been huge sellers of servicing over the last three years [often to each other].” He notes that the biggest sellers of MSRs in 2023 were United Wholesale Mortgage (UWM) and Rocket Mortgage. “My We anticipate there’s going to be a fairly steady flow of that inventory for the Ginnie MSRs through most of 2024.

Marketing 409

Marketing Mortgage Sellers Buyers 409

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

MAY 3, 2023

Impact on housing and residential lending It’s unclear what the Fed’s next decision will be, but the MBA is hoping for a rate hike pause. “If Because there is still a relative low inventory of houses for sale, higher interest rates with higher home prices mean buyers may not find the house they want in the current price range.

Mortgage 421

Mortgage Buyers Marketing Inventory 421

Housing Wire

APRIL 4, 2022

With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers.

Insurance 370

Insurance Loan Officers Sellers Mortgage 370

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

Marketing 410

Marketing Government Mortgage Sellers 410

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 70

Buyers Inspection Sellers Real Estate 70