Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Appraisal Buzz

APRIL 2, 2024

Compare this to 2000-2022, when upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by only 40%, or about $400 per month, according to the report.

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Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. This assumes the spreads are wide as the mortgage back securities market is still very stressed. Do they even want to risk more stress in the markets? We also have two housing reports: the builder’s confidence and housing starts this week.

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 493

Appraisal Buzz

JULY 29, 2024

Recent data from First American (First Am) Data & Analytics’ Real House Price Index (RHPI) reveals a significant shift in the housing market, with increased housing supply leading to improved affordability in some areas. Affordability improved year-over-year in only five of the top 50 markets.

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Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The report is based on an analysis of home purchase records from 39 of the most populous metro areas since 2000. As the U.S. Investors purchased $38.8

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Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83

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Housing Wire

AUGUST 1, 2024

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. There is anecdotal evidence to support the idea that elections affect the home purchase market.

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Housing Wire

FEBRUARY 8, 2024

Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). median income of $96,300. HOI data revealed a U.S.

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Appraisal Buzz

DECEMBER 6, 2024

A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. Between 2000 and 2024, home prices in Florida surged by 331.9%, while Texas and North Carolina recorded increases of 232.8% and 209.6%, respectively.

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. months, this is an OK market for the builders.

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Appraisal Buzz

OCTOBER 11, 2024

“FHFA’s new data resource on manufactured homes provides relevant, up-to-date information on an important but less-understood segment of the housing market,” says Sandra L. In a housing market with elevated home prices, manufactured housing remains an affordable option.

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Housing Wire

APRIL 29, 2024

since January 2000. In March, the housing market was almost overvalued at a national level, but a surprisingly large number of markets remain significantly undervalued, according to First American. Additionally, house prices are ‘downside sticky.’ between February and March 2024 but increased 0.8% year over year.

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Housing Wire

JANUARY 6, 2022

The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. Measuring the housing deficit.

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Supply Chain Housing Market Construction Inventory 511

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

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Housing Wire

MARCH 1, 2024

The lender also communicated that it funded $4 billion in fix-and-flip loans in 2023, a company record for a calendar year, despite the challenging housing market. of all home purchases in Q3 2023, higher than the typical share seen since 2000. But home flips still represented 7.2%

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Investors Real Estate Technology Housing Market 458

Housing Wire

APRIL 20, 2023

We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 Last year we had a significant sales decline for the existing home sales market, which got worse as the year progressed. One aspect I didn’t like to see in this report is that the days on market fell and are back to under 30 days.

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Inventory Housing Market Marketing New Listings 531

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Fewer Foreclosure Purchases.

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Housing Wire

JUNE 5, 2023

“In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. markets are now less affordable than the long-term average. Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes. It now takes 34.2%

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Housing Wire

DECEMBER 16, 2024

housing market, home equity now increasingly belongs to homeowners themselves a sharp turn from the post-Great Financial Crisis era when homeowners were largely underwater and owned much smaller share of the U.S. housing value. Register today to attend the Housing Economic Summit in Dallas, on Feb.

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Housing Market Valuation Design Insurance 370

Housing Wire

SEPTEMBER 21, 2023

As I have stressed time and time again, when you have normal credit channels, meaning the people who buy homes are in traditional 30-year fixed loans, the inventory channels will behave differently than they did in the years 2000-2007. But even with the biggest home sales crash ever, prices are still at all-time highs.

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Inventory Housing Market Mortgage Marketing 523

Housing Wire

JUNE 16, 2022

However, considering Wednesday’s builder confidence index and mortgage rates over 6%, it’s time to raise the fifth recession red flag, since the builders will have a tough time growing housing starts with rates this high. . From NAHB : From Census: Housing Permits Privately?owned We are already below the 2000 recession levels.

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Housing Market Buyers Mortgage Construction 545

Housing Wire

NOVEMBER 23, 2022

We are well below the 2000 recession level and back to 1996 levels. When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today. months, and below, this is an excellent market for builders. When supply is 4.3

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Construction Marketing Housing Market Mortgage 488

Housing Wire

APRIL 18, 2023

Without rents taking off, the CPI data would look much more tame, like what we saw from the years 2000-2019. Tuesday’s housing starts data does show some promise on the front of attacking inflation and helping lowering mortgage rates, so let’s look at the report and find out what I am talking about. Since 44.4%

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Mortgage Construction Supply Chain Housing Market 521

Housing Wire

FEBRUARY 19, 2024

According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021. That represents a serious downtrend from a 50% homeownership rate in 2000. What’s the solution?

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Housing Wire

AUGUST 18, 2022

“Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year,” Sam Khater, chief economist at Freddie Mac, said in a statement. ” How to make digital marketing easy and effective for mortgage professionals. .”

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Housing Wire

FEBRUARY 24, 2023

Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction. This goes into my low housing bar theme for 2023 and why we need context with sales data. months and below, this is an excellent market for builders. When supply is 4.3

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Inventory Construction Housing Market Mortgage 501

Housing Wire

JUNE 14, 2024

The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year. Of the 10 U.S. Last month, 61.9% in May 2022.

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Housing Wire

APRIL 1, 2024

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. And the purchase market saw applications down 2% over the prior week and 27% behind last year’s pace. For the week that ended Sept. 22, mortgage applications fell 1.3% Overall applications declined.

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Housing Wire

OCTOBER 31, 2022

In 2000, we saw a lot of credit stress in the system. When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. Total inventory in America grew from 2000 to 2005 while demand grew.

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Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. months and below, this is an excellent market for the builders. months , this is just an OK market for the builders. million level we saw in 2005. So, when we have a month where demand picks up, it can move the needle in a big way. .

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Construction Sellers Inventory Housing Market 505

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. metro areas going back to 2000. It then plunged nearly 50% in 2023 due to declining rents and home values in some markets. Although the U.S. The number of home purchases by investors rose 3.4%

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Investors Tenants Real Estate Property Taxes 468

Housing Wire

SEPTEMBER 6, 2023

How hot is the housing market? There is certainly no shortage of indicators, but three in particular were published in the last week: the S&P/Case-Shiller Home Price Index, the All-Transactions House Price Index from the U.S. Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com.

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Housing Wire

APRIL 25, 2023

Inventory has remained low as sellers are locked into their low mortgage rates, even as many home buyers are turned away from this market due to affordability constraints amid volatile mortgage rates,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. The 10-city home price index also posted a 0.4%

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Inventory Contracts Buyers Sellers 418

Housing Wire

APRIL 15, 2022

Nicollette Chapman: “ Some lenders won’t survive the purchase mortgage market of 2022 ” by Flavia Furlan Nunez. It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. HousingWire : What is the best piece of advice you’ve received?

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Real Estate Real Estate Agent Business Housing Market 370

Housing Wire

MAY 16, 2023

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. That share from 2000-2019 was a 12.7% This is the fifth consecutive month of increase after a year of decreases.

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Construction Inventory Buyers Real Estate 459