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Record Number of Renters Struggle With Affordability

Appraisal Buzz

This trend represents a sharp rise from 2001, when 41% of renters were cost-burdened. million since 2001. In 2023, 70% of renters earning between $30,000 and $44,999 were burdened, up 15 percentage points from 2001. percentage points since 2001. percentage point increase from pre-pandemic levels.

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Pending home sales jumped in September behind lower mortgage rates

Housing Wire

An index reading of 100 equates to sales activity in 2001. “A According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March.

Mortgage 476
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Pending home sales limped to the end of 2024

Housing Wire

An index reading of 100 is equal to the level of contract signings in 2001. Compared to a month prior, contract signings fell 5.5% in December, with the Pending Home Sales Index coming in at a reading of 74.4. Annually, pending home sales were down 5.0% compared to a year prior in December.

Contracts 448
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Here’s why we won’t build millions of new homes

Housing Wire

When it comes down to it, the supply and demand model works and new home sales currently today are still below levels we saw during the tech recession in 2001. It doesn’t seem like we will build millions more homes like everyone had hoped. On a positive note, builder confidence improved when mortgage rates fell from 7.5%

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OCMBC president Serene Vernon arrested for murder and DUI

Housing Wire

” Founded in 2001, California-headquartered OCMBC originates in the wholesale , retail and correspondent channels. . “I have full confidence in John Hamel and our experienced leadership team to guide the company forward while upholding our standards of excellence and dedication to our clients and partners.”

Retail 417
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Jump in pending home sales foreshadows positive end to the market in 2024

Housing Wire

The PHSI is benchmarked at 100 in 2001. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared to September. reading for the PHSI is the highest mark since March and the third highest dating back to December 2023.

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CreditXpert announces launch date for new credit optimization platform

Housing Wire

The company said it has analyzed 1 billion credit pulls since 2001 and serves more than 60,000 industry professionals each year. CreditXpert stopped offering the Wayfinder tool and What-if Simulator on Oct. 1 in preparation for the launch of the new platform.