Housing Wire

JUNE 23, 2021

The big news from the U.S. Census Bureau’s May new home sales report is that sales inventory has increased to 5.1 months or above, builders will exercise caution and even halt new projects. adjusted estimate of new houses for sale at the end of May was 330,000. Start an HW+ Membership now for less than $1 a day.

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Housing Wire

NOVEMBER 14, 2023

The Consumer Financial Protection Bureau (CFPB) on Monday announced its joint rulemaking with the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) to determine new cutoff thresholds for oversight of loans under the Truth in Lending Act (TILA). The agencies announced four total instances of new rulemaking.

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Housing Wire

SEPTEMBER 16, 2020

The refinance index decreased 4% compared to the week prior but remains 30% higher than the same week last year. Purchase applications decreased slightly by 1% from the week prior on a seasonally adjusted basis, while the unadjusted purchase index decreased 12% compared to the week prior. of total applications. from 10.2%

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Housing Wire

DECEMBER 13, 2023

Despite a stronger-than-expected November jobs report , the slowing growth pace of new jobs, the slowing of wage growth and the modest rise in the unemployment rate suggest a cooling of the economy in the coming year, Selma Hepp, chief economist at CoreLogic , said in a statement last week. The benchmark 10-year Treasury yield fell to 4.2%

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Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. As rates ticked up recently, purchase apps were down 1% week to week and down 14% year over year. The growth isn’t just in active inventory but also new listings.

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Mortgage Inventory New Listings Housing Market 506

Housing Wire

SEPTEMBER 13, 2023

The Consumer Price Index (CPI) increased 0.6% Indexes that increased in August include rent, owners’ equivalent rent, motor vehicle insurance, medical care, and personal care. The indexes for lodging away from home, used cars and trucks, and recreation were among the categories that decreased over the month.

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Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. According to the latest survey from the Mortgage Bankers Association (MBA), the mortgage composite index for the week ending Oct.

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Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. 1: 60,004 Sept. What’s going on with housing inventory ? 18: 60,295 Aug.

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Inventory New Listings Housing Market Mortgage 462

Housing Wire

JANUARY 2, 2024

That’s according to CoreLogic ’s Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Louis posted the second-highest annual gain at 5%, followed by Boston and New York, both at 4.7%. and -1%, respectively. Meanwhile, St.

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Housing Wire

AUGUST 12, 2020

last week, according to a report from the Mortgage Bankers Association , further evidence that, thanks to the pandemic, August is the new May for home-buying. The unadjusted Purchase Index increased 1% compared with the previous week and was 22% higher than the same week one year ago. Mortgage applications were back up 6.8%

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Housing Wire

SEPTEMBER 13, 2023

The unadjusted purchase index decreased 11% compared with the previous week and was 27% lower than the same week one year ago. The average contract interest rate for 5/1 ARMs ticked up to 6.59% from 6.33% a week prior. Department of Veteran Affairs loans’ share remained unchanged at 11.3%. Lastly, the U.S. a week prior.

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Housing Wire

SEPTEMBER 19, 2023

in June , CoreLogic’s latest Single-Family Rent Index (SFRI) showed. The index , which analyzes single-family rent price changes nationally and across major metropolitan areas, dropped on an annual basis for the 15th consecutive month in July. single-family rent increases in July 2023 registered a 3.1%

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Housing Wire

NOVEMBER 30, 2021

Home prices posted their largest-ever yearly gain since the inception of the Federal Housing Finance Agency (FHFA) House Price Index more than a decade ago. Later today, based on its House Price Index and a formula set by statute, the FHFA will announce new conforming loan limits. Home prices across the country rose 18.5%

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Housing Wire

JANUARY 13, 2021

The refinance index increased 20% from the previous week and was 93% higher than the same week one year ago. Even with the rise in mortgage rates, refinancing did not slow to begin the year, with the index hitting its highest level since last March,” said Kan. The seasonally adjusted purchase index increased 8% after a 0.8%

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Housing Wire

OCTOBER 12, 2022

The mortgage composite index for the week ending Oct. The refinance index decreased 1.8% Meanwhile, the seasonally adjusted purchase index declined 2.1% The average contract interest rate for 5/1 ARMs increased to 5.56% from 5.36% in the same period. 7 fell 2% from the prior week and 68.7% from 13.2% the week prior.

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Housing Wire

JULY 20, 2022

The market composite index, a measure of mortgage loan application volume, declined 6.3% The refinance index dipped 4% from the previous week, falling to a 22-year low, and the purchase index decreased 7%. of total applications, the refi index was 80% lower than the same week a year ago. Department of Commerce.

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Mortgage Retail Contracts Buyers 358

Housing Wire

JUNE 2, 2021

The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said.

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Mortgage Contracts Inventory Construction 536

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023. The answer is no!

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Inventory Housing Market Marketing New Listings 522

Housing Wire

MARCH 17, 2021

New home applications are down as well, as builders are still suffering from missing construction crews and the skyrocketing price of lumber and building materials. After reaching a recent high in the last week of January, the refinance index has since fallen 26% to its lowest level since September 2020.”

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Housing Wire

FEBRUARY 10, 2024

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. Currently, the price-cut percentage is less than 1% from breaking below the lows set in 2023. For the first time in a while, this was a good week for new listing data. What is all this data pointing to?

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Inventory New Listings Retail Mortgage 504

Appraisal Buzz

OCTOBER 26, 2021

House prices have increased nationwide in August, up 1% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). in the New England division to +1.9%. in the New England division to +1.9%. The post FHFA House Price Index Rose 18.5% House prices rose 18.5%

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Housing Wire

AUGUST 23, 2021

The Federal Reserve Bank of New York reports that the number of mortgages reached its highest level to date in 2020, with $1.2 trillion in new home loans in the fourth quarter of 2020 alone. At the same time, the Mortgage Bankers Association’s Mortgage Credit Availability Index dropped precipitously in 2020 and declined another 8.5%

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Mortgage Tools Design Lending 417

Housing Wire

DECEMBER 16, 2020

11 amid mortgage rates that hit a new survey low. The unadjusted purchase index also increased, jumping 0.4% The refinance index, as Kan noted, rose 1% from the previous week, and is up 105% from the previous year. during the week ending Dec. from the previous week.

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Mortgage Contracts Government Buyers 416

Housing Wire

MAY 24, 2023

Some indexes show the 30-year fixed rate has reached the 7% mark, which has reduced borrowers’ appetite for home loans. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. debt ceiling to avoid a default on June 1.

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Mortgage Inventory Retail Housing Market 379

Housing Wire

FEBRUARY 14, 2023

However, then the Federal Reserve actually created a new index that excludes shelter to adapt to the more current data, which shows the growth rate of rents is cooling down. CPI report From BLS [bolding is mine]: “The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in December, the U.S.

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Mortgage Housing Market Marketing Retail 430

Housing Wire

SEPTEMBER 13, 2022

The mortgage credit availability index (MCAI) fell marginally by 0.5% A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit. Companies that plan to roll out HELOC products include loanDepot and New Residential Investment Corp.

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Lending Government Mortgage Investors 367

Housing Wire

OCTOBER 12, 2023

The Consumer Price Index (CPI) increased 0.4% 1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. 1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision.

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Government Housing Market Contracts Insurance 325

Housing Wire

FEBRUARY 9, 2021

Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines. The Housing Finance Policy Center’s latest credit availability index shows that mortgage credit availability was just under 5% in the third quarter of 2020, down from 5.1% in January.

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Housing Wire

JULY 8, 2022

Here are the recession red flags: 1. New home sales, housing starts, and permits fall into a recession. Once mortgage rates rise, the new home sales sector does get hit harder than the existing home sales market. Builders Confidence Index: The final recession red flag! However, economics done right should be boring.

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Appraisal Buzz

OCTOBER 3, 2022

USPAP Rule 1-3 (d) (v) makes this clear. Appraisers need to take this into account and be relied upon as the voice of reason when industry participants release their news, whether that be NAR, Zillow, Case-Shiller or anyone else with some data and an index. Appraisers track such data. It’s just part of our job. Of course not.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

JUNE 29, 2021

increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Index, called April’s gain “truly extraordinary,” as home price gains have been expanding for the last 11 months.

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Housing Market Finance Inventory Investors 400

Housing Wire

MAY 5, 2023

“With respect to the consumers and as it relates to the May 1 date, as you pointed out, we announced these latest changes back in January,” Shemi said. There’s no magic for the May 1 effective date. These are effective for mortgages delivered May 1 to the GSEs.”

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Mortgage Finance Marketing 321

Housing Wire

MAY 18, 2022

million from new and existing investors, which will help Parcl expand its customer base while bolstering partnerships with software and real estate companies, its co-founder said. Parcl’s business model is based on a price index that tracks the price per square foot in any city or state.

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Real Estate Investing Property Taxes Investors 381

Housing Wire

JULY 12, 2023

Rate lock activity fell 1% month over month in May, with conforming loans gaining share mainly at the expense of non-conforming loan products. Refi share of lock volume dipped to 11.6%, a new low for this cycle. Purchase lock counts were down 31% year over year and 29% compared to pre-pandemic levels in 2019.

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Housing Market Marketing Lending Mortgage 302

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) An index of 100 is equivalent to the level of pending sales in 2001. and West (96.9) respectively.

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Inventory Contracts Housing Market Buyers 497

Housing Wire

DECEMBER 8, 2020

The most viable replacement is the Secured Overnight Financing Rate (SOFR) index, which has been recommended by the Alternative Reference Rates Committee (ARRC) and endorsed by the New York Federal Reserve. SOFR is not a perfect index, but it appears to be the closest substitute.

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Transportation Mortgage Marketing Finance 327

Housing Wire

NOVEMBER 3, 2020

year over year in September, CoreLogic’s Home Price Index Forecast (HPI) estimates home prices will moderate next year, increasing 0.2% Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. households.

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Inventory Housing Market Construction Realtors 468