Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. from a year ago to $356,700, according to the National Association of Realtors. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% Among 75 U.S.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 450

Mortgage Inventory Housing Market Realtors 450

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Mortgage applications decreased 6.9% 13, compared to the week prior , according to weekly mortgage application data from the MBA. for the week ending Oct. from 14.4%

Mortgage 458

Mortgage Realtors Inventory Marketing 458

Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” Overall, active inventory grew 14.8%

Inventory 458

Inventory Realtors Contracts Sellers 458

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 397

Inventory Marketing Business Buyers 397

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory.” Existing-home inventory in March improved 14.4% Pending home sales increased by 3.4%

Inventory 450

Inventory Buyers Realtors Investors 450

Housing Wire

APRIL 30, 2024

Over the three-month moving average, mortgage rates dipped to 6.6%, then climbed back toward 7%. For-sale inventory increased 14.8% Meanwhile, the National Association of Realtors reported that existing home sales increased by 9.5% Meanwhile, the National Association of Realtors reported that existing home sales increased by 9.5%

Inventory 479

Inventory Realtors Buyers Marketing 479

Housing Wire

DECEMBER 21, 2022

million , according to a report from the National Association of Realtors (NAR) released Wednesday. The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Plus, available housing inventory remains near historic lows.”.

Mortgage 384

Mortgage Inventory Realtors Real Estate 384

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

Retail 418

Retail Mortgage Business Loan Officers 418

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “A Housing inventory fell 1.7%

Inventory 432

Inventory Housing Market Realtors Buyers 432

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Inventory 441

Inventory Realtors Housing Market Construction 441

Housing Wire

NOVEMBER 30, 2023

As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Pending home sales in October fell to their lowest level since 2001. down from 72.6 in September.

Housing Market 479

Housing Market Inventory Realtors Construction 479

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01

Inventory 432

Inventory Sellers Buyers Realtors 432

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 410

Inventory Contracts Housing Market Realtors 410

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. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. for the past two weeks.

Mortgage 450

Mortgage Inventory Construction Technology 450

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). Overall active inventory improved 7.9% However, consumers are showing extra sensitivity to changes in mortgage rates in the current cycle, and that’s impacting home sales.” Pending home sales dropped 4.9% in December.

Contracts 432

Contracts Inventory Realtors New Listings 432

Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

Mortgage 466

Mortgage Inventory Housing Market Construction 466

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Roomvu is backed by REACH, the venture capital arm of the National Association of Realtors (NAR).

Marketing 418

Marketing Real Estate Agent Tools Realtors 418

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Eyes on Housing

OCTOBER 19, 2023

Existing home sales in September fell to lowest level since October 2010 as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). A resurgence of mortgage. Read More ›

Inventory 193

Inventory Mortgage Realtors 193

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). The question is when are rates going to come down?”

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Inman

AUGUST 22, 2023

Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07 percent lower than a year earlier, according to data from the National Association of Realtors. million — or 16.6

Inventory 148

Inventory Realtors Mortgage Marketing 148

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. million, according to the N ational Association of Realtors. On the bright side, housing inventory rose 1.8% On the bright side, housing inventory rose 1.8%

Inventory 410

Inventory Realtors New Listings Contracts 410

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

Mortgage 512

Mortgage Inventory Buyers Housing Market 512

Housing Wire

MARCH 27, 2024

The National Association of Realtors (NAR) urged the U.S. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In Concerns over the existing VA policies have been echoed among mortgage professionals. VA loans are probably the best loans on the market.

Buyers 450

Buyers Real Estate Agent Inventory Real Estate 450

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% million units last month from July, according to the National Association of Realtors (NAR). Will Savage, an LO at PMC Mortgage.

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

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 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. million, according to a new report from the National Association of Realtors (NAR). Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1

Inventory 441

Inventory Realtors Housing Market Mortgage 441

Housing Wire

JANUARY 19, 2023

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates.

Mortgage 421

Mortgage Sellers Housing Market Buyers 421

Eyes on Housing

NOVEMBER 21, 2023

Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).

Inventory 174

Inventory Mortgage Realtors 174

Housing Wire

JUNE 3, 2021

Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac ‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. according to the National Association of Realtors.

Mortgage 370

Mortgage Inventory Construction Realtors 370

Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Still, second-home mortgage rate locks are holding steady at more than double pre-pandemic levels. from a year earlier.

Mortgage 450

Mortgage Inventory Contracts Buyers 450

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 500

Mortgage Housing Market Realtors Inventory 500

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement.

Housing Market 458

Housing Market Marketing Training New Listings 458

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 384

Mortgage Loan Officers Inventory Retail 384

Appraisal Buzz

MARCH 21, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Helping to boost existing-home sales in February was that inventory increased 1.07 Existing-home sales were at a seasonally adjusted annual rate of 4.38 million in February, an increase of 9.5% compared with January but down 3.3%

Inventory 394

Inventory Realtors Investors Buyers 394