Housing Wire

SEPTEMBER 13, 2023

From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 Over the last 12 months, the all-items index increased 3.7 As shown below, headline inflation has increased over the past two months as oil prices have risen. Now, why is inflation data more important going out? percent in July, the U.S.

Mortgage 473

Mortgage Insurance Marketing Housing Market 473

Housing Wire

JANUARY 12, 2023

The Consumer Price Index month-to-month readings show that inflation has peaked, as seen below. If it weren’t for the lagging CPI shelter index, the biggest component, the headline core print, would be lower today on a year-over-year basis. From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1

Mortgage 531

Mortgage Modernization Housing Market Marketing 531

Housing Wire

JANUARY 11, 2024

From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 Over the last 12 months, the all items index increased 3.4 Used car prices were more firm than anticipated but also in the downtrend. percent in December on a seasonally adjusted basis, after rising 0.1 percent in November, the U.S.

Supply Chain 504

Supply Chain Marketing Mortgage 504

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. This is why they still don’t care that housing is in a recession. From BLS: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1

Housing Market 432

Housing Market Marketing Mortgage 432

Housing Wire

JANUARY 6, 2024

Will the number of homes that take a price cut this year drop below 2023 levels? If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

Housing Wire

NOVEMBER 18, 2023

More importantly, the CPI data came in light, and it looks like that might have been the final nail in the coffin for the Federal Reserve in terms of raising rates as the growth rate of inflation has cooled down enough that the market is now pricing in a few rate cuts in 2023.

Mortgage 488

Mortgage Inventory New Listings Housing Market 488

Housing Wire

APRIL 28, 2021

Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. Many economists aren’t expecting a slowdown in prices or demand.

Mortgage 457

Mortgage Contracts Inventory Marketing 457

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. Tight inventory, which was down to just 1,697 homes as of late February according to data from Altos Research , and the relatively strong level of demand has kept home prices stable.

Housing Market 394

Housing Market Marketing Inventory Buyers 394

Housing Wire

OCTOBER 13, 2022

On Thursday, the Bureau of Labor Statistics (BLS) reported that Consumer Price Index (CPI) inflation came in hotter than expected, and people are scared that the Federal Reserve will now be more aggressive with their rate hikes. Here’s why. From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4

Landlords 450

Landlords Mortgage Marketing Construction 450

Housing Wire

JULY 6, 2022

When people say credit will get so tight that we are headed back to 2008 levels of lending, they’re telling me they’ve never read the MBA’s mortgage credit availability index, not even one time. I don’t think it’s shocking that people have never seen this index dated from 2004-2021. Why did that happen?

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Lending Mortgage Business Inventory 485

Housing Wire

APRIL 27, 2021

When you have the best housing demographic patch ever in history and the lowest mortgage rates in history, with housing tenure at 10 years, then we have to start worrying about home-price growth. All those factors are in play, and home prices are growing too fast. Today the Case-Shiller index showed 12% home-price growth.

Housing Market 508

Housing Market Inventory Mortgage Marketing 508

Housing Wire

JUNE 28, 2022

The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. National Home Price NSA Index, covering all nine U.S.

Housing Market 458

Housing Market Marketing Inventory Investors 458

Housing Wire

SEPTEMBER 13, 2022

housing market that have 2019 inventory levels or higher are off my savagely unhealthy housing market list; those areas see effective pricing as demand gets weaker. Adjusting to population, 2014 was the lowest level in the index ever, and in 2022 we have seen a noticeable hit in this index, taking it below 2008 levels.

Mortgage 520

Mortgage Inventory New Listings Sellers 520

Housing Wire

SEPTEMBER 1, 2021

The refinance index fell 4% but was still higher than it was a year ago. The seasonally adjusted purchase index dropped 2% compared to the previous week and was 16% lower than it was a year ago, largely due to soaring prices and paltry inventory. The average purchase loan size hit $396,500 for the week ending Aug.

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Inventory Contracts Government Mortgage 384

Housing Wire

JUNE 13, 2023

As shown below, headline inflation has had a noticeable move lower as energy prices have been trending downward after the spike at the start of the Russian invasion of Ukraine. This downtrend in inflation has been anticipated, so it’s no surprise that the growth rate is cooling off with energy prices falling.

Marketing 495

Marketing Mortgage Housing Market 495

Housing Wire

DECEMBER 16, 2023

Right after the Fed presser I did another podcast where I outlined why this was so positive for the U.S. New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. We also have the leading economic index to report on.

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Inventory New Listings Mortgage Law 535

Housing Wire

MARCH 1, 2024

According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home. That’s why title companies are constantly innovating to drive down the cost of our policies.

Insurance 417

Insurance Property Taxes Real Estate Sellers 417

Housing Wire

MAY 10, 2023

But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. of the index — the fact that this index is set to slow down over the next 12 months guarantees that we won’t see the boom in inflation that we saw in 1970s. In reality, it never had a chance.

Mortgage 535

Mortgage Housing Market Modernization Marketing 535

Housing Wire

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? But given how high inflation is right now, why aren’t rates even higher? Also, gas prices are down from the peak, and the inflation growth rate is no longer skyrocketing. Housing in the 1970s was booming!

Mortgage 448

Mortgage Supply Chain Construction Marketing 448

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

APRIL 16, 2023

I talked about this in February on the HousingWire Daily podcast , talking about why inventory is bottoming out later in the last few years. People often ask me why there is such a difference between the NAR data versus the Altos Research inventory data. This link explains the difference and is worth a read.

Inventory 538

Inventory Housing Market Marketing New Listings 538

Housing Wire

APRIL 7, 2021

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, increased in March by 5.2 ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

Sellers 512

Sellers Real Estate Agent Real Estate Loan Officers 512

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. The process of finding, buying and owning a home today is disjointed, antiquated and messy.

Real Estate Agent 396

Real Estate Agent Real Estate Insurance Valuation 396

Housing Wire

DECEMBER 13, 2023

Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year. Simultaneously, futures markets priced in a higher chance of more rate hikes by the end of 2024. at its last meeting of the year on Wednesday.

Mortgage 522

Mortgage Sellers Investors Marketing 522

Housing Wire

JUNE 15, 2022

I had anticipated 18%-22% YoY decline trends with rates this high after the price gains. In 2013-2014, when rates jumped very fast, this index trended down by negative 20% year over year to hit an adjusted population all-time low in 2014. When this index moves positively and negatively, it’s up or down 20%-30%.

Inventory 369

Inventory Investors Retail Housing Market 369

Housing Wire

AUGUST 4, 2023

Let’s look at the report’s internals, where we gained and lost jobs, and why mortgage rates fell today. With headline consumer price index inflation running at 3% year over year, people are seeing real wage growth again, as we have been steady at 4.4% Next up is the Consumer Price Index inflation report on Aug.

Mortgage 368

Mortgage Insurance Government Marketing 368

Housing Wire

OCTOBER 20, 2022

The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days. Other indexes show higher rates. That’s why one in eight loan applications are for adjustable-rate mortgages.”. ARMs pick up steam. The overall ARM loan share rose to 12.8%

Mortgage 410

Mortgage Sellers Buyers New Listings 410

Housing Wire

OCTOBER 12, 2023

From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 Over the last 12 months, the all items index increased 3.7 However, regarding the growth rate of core CPI, the slow trend lower is something the Fed likes to see. percent in September on a seasonally adjusted basis, after increasing 0.6

Construction 446

Construction Marketing Mortgage 446

Housing Wire

FEBRUARY 17, 2024

As we saw last week, I already got this wrong in 2024 because we got above 4.25% on the 10-year yield and peak mortgage rate pricing was 7.14%. The chart below looks at the 10-year yield, and the horizontal lines show why 3.80% and 4.34% are key levels, especially when looking at the downtrend from 5%. Serious mortgage rate talk!

Mortgage 534

Mortgage Inventory New Listings Housing Market 534

Housing Wire

JULY 12, 2023

The CPI data The CPI data from BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 Over the last 12 months, the all items index increased 3.0 However, the growth rate of car inflation is falling and the used car price index should be cooler over the next few months, which will help.

Mortgage 370

Mortgage Marketing 370

Housing Wire

JANUARY 19, 2023

Home prices nationwide fell between August and September, marking the first time prices have declined for three consecutive months in nearly four years, according to the Case-Shiller National Home Price Index. At 10 years, the price drops to 38 cents a day.

Insurance 450

Insurance HOA Real Estate Law 450

Housing Wire

AUGUST 30, 2022

On Tuesday, the S&P CoreLogic Case Shiller Index reported that national home prices grew 18% year over year. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 I have documented the history of these housing price crash addicts for a decade now.

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

DECEMBER 16, 2022

The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise. offers, according NAR’s REALTORS® Confidence Index. First-time buyers will need higher incomes to meet the higher interest rates (which may decline) and higher prices.

Buyers 479

Buyers Realtors Inventory Sellers 479

Housing Wire

DECEMBER 8, 2022

Hale added, “Anyone paying attention to the price at the pump would also have noted a decline. Next week’s Consumer Price Index data will confirm whether these trends are pervasive across the variety of goods and services consumers buy.”. Flat and falling home prices. All eyes on the Fed. in 2022, but by a 4.1%

Mortgage 384

Mortgage Home Value Construction Investors 384

Housing Wire

APRIL 23, 2023

People often ask me why there is such a difference between the NAR data versus the Altos Research inventory data. This index is very rate-sensitive. Every year I usually weigh this index from the second week of January to the first week of May — traditionally, after May, volumes always fall. Since Nov.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

MARCH 14, 2023

From the CoreLogic rental survey : Read more about why today doesn’t compare to 1970s inflation here. From the CPI report : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 Over the last 12 months, the all items index increased 6.0 percent in January, the U.S. percent before seasonal adjustment.

Mortgage 384

Mortgage Marketing Housing Market Government 384

Housing Wire

NOVEMBER 10, 2022

From the CPI report : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 Over the last 12 months, the all-items index increased 7.7 This is why I wrote about how we all need to root for housing completion data to get better so we get more supply into the marketplace. Let’s take a look at today’s data.

Mortgage 536

Mortgage Supply Chain Housing Market Marketing 536