Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005.

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. As it happens, these fabulous demographics are accompanied by the lowest mortgage rates ever recorded in history. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

JUNE 21, 2024

Existing home sales When mortgage rates started to rise earlier this year, existing home sales trended lower. However, what is different this year from 2023 is that we have more sellers that will be buyers. However, if mortgage rates went lower and stayed lower, everyone would be selling more homes today.

Inventory 466

Inventory Housing Market New Listings Contracts 466

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. 2018 was the last time mortgage rates got to 5%, and sales trended from 5.72

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The 2002 housing market has been a tale of two halves,” said Green.

Housing Market 514

Housing Market Marketing Real Estate Agent Real Estate 514

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. What is going on here?

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Inventory Housing Market Construction Marketing 516

Housing Wire

DECEMBER 22, 2020

We see hints of this delayed home sales shift in the Mortgage Bankers Association’s purchase application data. Because housing demand is at pre-cycle highs, we can infer home prices are not an issue for most buyers. nominal home price growth every year for the next several years, affordability will be an issue for some buyers.

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Housing Wire

JULY 19, 2022

The smart thing to do is go with the builder sentiment trend until it reverses, and most likely, we will need to see lower mortgage rates for that to happen. Some buyers had to wait forever before they could lock in their rate, meaning they didn’t qualify for their homes as rates moved up so fast.

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Housing Market Marketing Construction Real Estate 522

Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” Also, this is what the Federal Reserve wants.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

SEPTEMBER 22, 2020

The new home sales market is doing well as it really benefits from lower mortgage rates. Good housing demographics, housing tenure at 10 years and low mortgage rates are a perfect recipe for unhealthy home-price growth. The majority of home buyers in America buy homes to live in, not for an investment. higher than a year ago.

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Housing Market Marketing Construction Buyers 543

Housing Wire

DECEMBER 20, 2022

The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005.

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Housing Market Marketing Construction Supply Chain 441

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 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. . As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation.

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Housing Market Buyers Mortgage Construction 545

Housing Wire

MARCH 23, 2023

This business model means that the builders are very mindful of the demand for their product and keep an eye out on their main competition, the existing home market, where supply is cheaper for a buyer. They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products.

Inventory 541

Inventory Housing Market Construction Marketing 541

Housing Wire

MAY 18, 2023

We don’t have a massive credit boom as purchase application data is at historical lows; we haven’t had the same run-up in credit as we saw from 2002-2005. Since purchase application is very seasonal, and that seasonality is almost done after May, we should now be watching mortgage rates.

Housing Market 536

Housing Market Marketing Inventory Mortgage 536

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 27, 2022

That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The housing world is much different at 5% plus mortgage rates versus the 3% mortgage world we had last year. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates.

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Construction Buyers Housing Market Inventory 347

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.” million in August.”

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Inventory Housing Market New Listings Mortgage 479

Housing Wire

NOVEMBER 9, 2022

In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. That happened in March of this year.

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New Listings Inventory Housing Market Sellers 500

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. We are seeing that as a profession again.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

MARCH 17, 2022

We had more housing starts during the bubble years because from 2002 to 2005 that demand curve was higher, but it was facilitated by unhealthy credit growth. Remember that back in 2018, the new home sales and housing starts sector had a slowdown when mortgage rates got to 5%. Mortgage rates have risen since the lows we saw last year.

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Construction Housing Market Inventory Buyers 482

Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. It’s May 19, mortgage rates are over 5.5%, and the mass exodus of 7-8 million Americans selling their homes to cash out at any price has never happened. Inventory is always seasonal.

Housing Market 526

Housing Market Marketing Inventory Realtors 526

Housing Wire

DECEMBER 23, 2022

One of the realities of COVID-19 has been the lag to build homes in a business that requires stable mortgage rates because of the traditional time to complete a home. Mortgage rates jumped from 3% to 7.375% this year. That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

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Construction Housing Market Mortgage Sellers 356

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

DECEMBER 22, 2021

It’s the same reason I have given for many years: the American bears who are typically housing crash addicts can’t read data correctly, and the mortgage purchase application data just proved my point once again. million level for three straight months, aligning with the better mortgage demand growth that we saw for four months.

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Inventory Housing Market Investors Marketing 492

Housing Wire

OCTOBER 11, 2022

To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% However, with price growth and mortgage rates skyrocketing, the hit to affordability is historic. million today.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. Logan Mohtashami: Rising rates make housing less affordable, so for a first-time home buyer that doesn’t have the benefit of selling their home with that nested equity, it makes it harder for them.

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Housing Market Marketing Supply Chain Inventory 333

Housing Wire

APRIL 20, 2022

This means higher mortgage rates, so we need to talk about the housing market in a rising-rate environment without going into housing crash mode like the professional grifters do for clicks. Housing demand has been stable for the past few years; we have never had a credit boom in demand since 2002-2005. million in March. million to 4.98

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Housing Market Marketing Inventory Mortgage 504

Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

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Inventory New Listings Law Housing Market 397

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. history are ages 26-32, and the first-time median home buyer age is now 33. We are currently a t 1.7

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Housing Market Marketing Inventory Lending 418

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. So, early in my career, I sought for ways to help would-be buyers, most being minorities, bridge the gap and achieve homeownership earlier. It’s a serious challenge.

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Government Sellers Development Mortgage 447

Housing Wire

APRIL 27, 2022

“Second, over 8 million homeowners were delinquent on their mortgages, and once they lost their home, they would join the ranks of renters. are very dull, which is a good thing, and this won’t change anytime soon because we have made American mortgage debt great again. Loans in U.S. Going back to point No.

Inventory 352

Inventory Housing Market Legal Mortgage 352

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

Housing Market 543

Housing Market Inventory Mortgage Marketing 543

Lamacchia Realty

JANUARY 25, 2024

Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. Sales Decline by 18.9%

Inventory 74

Inventory Sellers Buyers Contracts 74

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. The stats are an unwelcome paradox for buyers and sellers alike.

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New Listings Housing Market Inventory Buyers 36

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Mortgage Lending You decide. Buyer-Borrower Remorse. Essentially, the cases are situations of “buyer-borrower remorse.”

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Reconsideration of Value Appraisal Inspection Advertising 52