Housing Wire

JANUARY 6, 2024

If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the second half of the year.

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Inventory New Listings Housing Market Mortgage 542

Housing Wire

JANUARY 13, 2024

I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. In any case, we will keep an eye on housing inventory going out in the future. This is not what we’re seeing now. 2022 21.7% 2022 21.7%

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Inventory New Listings Retail Mortgage 533

Housing Wire

MARCH 21, 2024

We were kind of the Zillow of Canada — we were the first platform to open up access to real estate data. That’s our point of view, which then impacts the way we go about architecting our technology and our product. Based on that, we use a ton of mobile, because our agents are always on the go.

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Real Estate Technology Agents Brokerage 450

Housing Wire

JANUARY 29, 2024

If incomes are not rising, then you may not get that move, and we are forecasting slow growth. We have home prices increasing 3% in 2024. There’s still a bunch of things that are highly correlated with recessions in the past that are still pointing in that direction. They noted that their forecast for the U.S.

Housing Market 458

Housing Market Marketing Mortgage Investors 458

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 515

Housing Wire

MARCH 2, 2024

You can see our debate on this topic here. You can see our debate on this topic here. Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers.

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Inventory Mortgage New Listings Housing Market 534

Housing Wire

APRIL 6, 2024

This model was based on rates over 7.25% , but even when mortgage rates headed toward 8% last year, we didn’t see that kind of growth in inventory. This variable can change when we experience a recession or job loss. This variable can change when we experience a recession or job loss.

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Inventory New Listings Mortgage Housing Market 473

Housing Wire

MARCH 22, 2024

We are in a very progressive MLS in the Northwest MLS , so we’ve been really trying to stay ahead of all of these concerns with these class-action lawsuits,” said Amber Bills Clarke , broker-owner of The Amber Bills Real Estate Group. “We Before we list a home, we have to have a listing agreement, so it is really no different than that.”

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Buyers Contracts Real Estate Agents 479

Housing Wire

JANUARY 31, 2024

We are no longer dealing with the amateur hackers of the [1990s] that are mostly just exploring and having fun and defacing websites. We are dealing with professionals who absolutely do this for a living.” But then you started seeing people trying to steal data. I think cybersecurity today is different than it used to be.

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Mortgage Insurance Tools Business 441

Housing Wire

DECEMBER 16, 2023

You can see it in the stats from last week, where the 10-year yield fell from 4.25% to end the week at 3.91%. We have had an almost 1.5% We shall see if we can hold those gains next week. That means we’ve had a positive trend for the last five weeks. 9, 2022, and for many years: It’s rare the U.S.

Inventory 535

Inventory New Listings Mortgage Law 535

Housing Wire

MARCH 16, 2024

It’s spring 2024 and we have a Federal Reserve meeting this week. I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. This is a big week, as you can see in the chart below. Could this happen again?

Housing Market 499

Housing Market Inventory New Listings Marketing 499

Housing Wire

NOVEMBER 18, 2023

Let’s take a dive in the weekly tracker to see. Purchase application data Last year, when mortgage rates fell from 7.37% to 5.99% , we got three good months of positive purchase application data until the first week of February before mortgage rates started to run higher from 6%-8%.

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Mortgage Inventory New Listings Housing Market 491

Housing Wire

APRIL 24, 2024

I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. After I transitioned into wholesale marketing, we had very few resources.

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Mortgage Loan Officers Training Business 410

Housing Wire

FEBRUARY 17, 2024

It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. The spreads have been improving this year so much that if we hit 4.25% on the 10-year yield, we still won’t see 7.25% in mortgage rates.

Mortgage 535

Mortgage Inventory New Listings Housing Market 535

Housing Wire

APRIL 11, 2024

I think we have the most comprehensive end-to-end capital market platform. So, from origination to processing, closing, sales and servicing — we don’t have the servicing piece, but we connect the dots into servicing for valuation and analytics, and so on. Sarah Wheeler: What differentiates your tech? 1 provider.

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Investing Clients Business Technology 431

Housing Wire

FEBRUARY 9, 2024

After enduring challenges stemming from higher interest rates, stricter qualifications and broader industry consolidation, loan officers seem to be optimistic about how things have progressed in the early portion of 2024. I was getting some more direct inquiries and a few more referrals, so things started to get moving a little bit.

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Business Mortgage Loan Officers Marketing 431

Housing Wire

FEBRUARY 5, 2024

The prudent thing to do is … to just give it some time and see that the data confirm that inflation is moving down to 2% in a sustainable way,” Powell said in the interview that aired Sunday night. “The With the economy strong like that, we feel like we can approach the question of when to begin to reduce interest rates carefully.

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Mortgage Investors Marketing 473

Housing Wire

MARCH 7, 2024

At First American, we focus on building internally where we think we have the right to win: digitizing and automating settlement, the search and examination process, and title decisions. Everything else we look to partner. If we build it, we can only monetize it across that 15-20%. And how do you protect it?

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Real Estate Investing Human Resources Technology 428

Housing Wire

APRIL 11, 2024

It’s one less thing people have to wonder or worry about. It’s true, though, that we often crave things that are different. What is interesting, though, is that in times of struggle, fear, pain or massive change , we tend to reach for something that’s different. This is an exciting year, and likely one full of changes.

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Real Estate Real Estate Agent Clients Agents 385

Housing Wire

APRIL 23, 2024

It was announced during The Gathering , HousingWire’s conference in Scottsdale, Arizona. “Synopses is focused on transcribing and interpreting the conversations and the data that we have around our clients — for example, call logs and chat interactions,” Varun Krishna, CEO of Rocket Mortgage, said in an interview.

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Tools Clients Investing Finance 415

Housing Wire

APRIL 24, 2024

while adding that ”we’re getting towards the tail.” To prove his point, Middleman said that he is seeing average loan-to-value ratios of 50%, average debt-to-income ratios in the lower 40% range, and credit scores in the low 700s, which is an ”extraordinary” credit profile, he said. This year will look a lot like last year.

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Mortgage Business Finance Investing 432

Housing Wire

MAY 1, 2024

We are advantaged primarily because we are a product and technology company first.” We are advantaged primarily because we are a product and technology company first.” Those are the products and brands we admire the most,” Barton said. he posited. Barton also touched upon the terms of NAR’s settlement agreement.

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Agents Real Estate Contracts Real Estate Agent 430

Housing Wire

APRIL 23, 2024

With a higher-for-longer landscape, however, the expectation is that the plan’s goals may take longer to be achieved. “On the cost side, obviously, we’re tightening our belts,” Martell said. loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.”

Mortgage 361

Mortgage Real Estate Agent Real Estate Renovations 361

Housing Wire

NOVEMBER 16, 2023

Jason Bressler: We’ve got control over the entire product from start to finish, so I’m never relying on somebody who isn’t part of my team to be able to build anything. JB: We are wholly invested in AI right now. From a data standpoint it’s those things that have changed the game.

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Technology Training Development Mortgage 441

Housing Wire

FEBRUARY 21, 2024

Rae Oliver Davis: We got a call about allegations of bribery at NYCHA on behalf of superintendents. That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since. So, we jumped right in and began an investigation.

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Law Contracts Design Tenants 420

Housing Wire

FEBRUARY 29, 2024

Dan Stewart: When you think of the technical landscape today, specifically for CRM , at the very core, everything does almost exactly the same thing: It segments contacts and it sends messaging. And that’s what we focus on. And that’s what we focus on. That’s not a significant technical challenge.

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Real Estate Agents Technology Business 421

Sacramento Appraisal Blog

JUNE 20, 2022

We’re on the cusp of seeing some real change in the stats over the next few months. Here are some things on my mind. Why have we […]. The pile of listings is growing, and it’s taking longer to sell. That’s what so many housing markets across the country are experiencing right now. Anything to add?

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Marketing Housing Market Inventory Appraisal 463

Housing Wire

APRIL 1, 2024

Reflecting on the beginning “When we launched NFS at Longbridge two years ago, there was a whole different set of expectations as far as hiring and production, which is what we base the whole division on,” Parksa said. ”To We were able to pick up a lot of talent after RMF, and with that we did really well,” she said.

Loan Officers 415

Loan Officers Training Business Retail 415

Housing Wire

MAY 17, 2023

“If we’re at historic refinance lows and if we’re at secular purchase lows, you largely can paint a picture over the coming years that we’ll see both of those expand. Because the end game for us is to provide the mortgage and we want to provide it well. They’re pursuing deposits.

Marketing 368

Marketing Clients Mortgage Business 368

Housing Wire

MARCH 28, 2024

Many of these executives are already seeing efficiencies and real gains from AI. And I think AI is one of those things. You can do some fun, cool stuff with it very quickly, but then if you want to start doing meaningful things, it’s a big long-term investment, at least today. You can find every interview here.

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Architecture Real Estate Tools Technology 323

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space. So, that’s really it.”

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Marketing Mortgage Tools Finance 418

Housing Wire

FEBRUARY 20, 2024

If we are paying attention to how they talk about it, I think we can categorize their thoughts into three categories. I think that we are going to see more lenders continue to introduce more appropriate collateral evaluations relative to the credit risk. Appraisal modernization is vital. Higher quality appraisals.

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Modernization Tools Appraisal Technology 430

Housing Wire

SEPTEMBER 27, 2022

However, a housing reset isn’t the only pressing issue — we now also have to think about a worldwide global recession. As I noted during my recent podcast on HousingWire, things are getting sloppy in the markets, and when chaos happens, you can’t ever be sure how bad the damage is going to be. He wants to see balance.

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Housing Market Inventory Marketing Construction 473

Housing Wire

AUGUST 16, 2023

HousingWire: 2023 has been rough for mortgage lending with mortgage applications down around 60%, what is CreditXpert seeing from a demand side when it comes to credit inquiries? Mike Darne: We are also seeing a major dip in mortgage credit inquiries, but it is less pronounced than what the industry is seeing in terms of applications.

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Inventory Lending Mortgage Insurance 369

Housing Wire

SEPTEMBER 13, 2022

This is something I’ve never believed in because we hadn’t had a period where mortgage rates moved up so quickly and then held higher for an extended period. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. But now this is a real risk.

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Mortgage Inventory New Listings Sellers 520

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. Coming out of COVID, we saw our competitors getting very active, either buying companies or extending huge signing bonuses. We have never wanted to grow just to grow.

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Loan Officers Retail Clients Real Estate Agent 421

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. For months I have been saying we were going to have challenging comps from October to January because last year at this time mortgage volume was rising — a rare event this late in the year. The bleeding has stopped.

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Housing Market Mortgage Marketing Inventory 544