Eyes on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years.

Construction 174

Construction Design 174

Housing Wire

OCTOBER 1, 2024

A NAR spokesperson wrote in an email that the trade group is grateful for Johnson’s service which began in 2007. In the email, NAR said it will be hiring additional outside counsel this week, who will have a sole focus on risk assessment.

Legal 479

Legal Realtors Development Business 479

Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. However, the gap remains wider compared to mid-2022 (17.2%) and mid-2007, shortly before the housing bust (16.3%). last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Housing Wire

APRIL 26, 2024

This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S. The Energy Independence and Security Act of 2007, signed into law by President George W. Department of Energy (DOE) and HUD itself.

Construction 498

Construction Law Development Finance 498

Housing Wire

JULY 2, 2024

She then became Fannie’s associate general counsel for fair lending from 2002 to 2007, and was associate general counsel for customer strategies and consumer law from 2007 to 2009.

Lending 429

Lending Human Resources Law Government 429

Housing Wire

MAY 31, 2024

Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09.

Investors 422

Investors Inventory Government Construction 422

Inman

MARCH 24, 2023

This week, Byron Lazine and Nicole White discuss Josh Altman's view of California's proposed mansion tax, the tug-of-war between millennials and boomers, and the pain Zillow's CEO sees on the horizon.

Agents 145

Agents Marketing 145

Housing Wire

MARCH 20, 2023

McGarry joined Guild in 1984 as a supervisor in internal audit and held several leadership positions until promoted to president in 2005 and CEO in 2007. Guild’s executive vice president David Neylan, who joined the company in 2007, will replace Schmidt as president. Terry Schmidt, Guild’s current president, is the successor.

Retail 368

Retail Loan Officers Mortgage Investing 368

Housing Wire

MAY 21, 2024

Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. In March , Planet hired Matt Kingsborough as regional sales manager to drive the company’s expansion plans in the western U.S.

Lending 416

Lending Technology Business Finance 416

Housing Wire

MAY 8, 2024

Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers. Additionally, there are no property location or census tract constraints, making the program accessible within PMG’s nationwide footprint.

Human Resources 382

Human Resources Mortgage Legal Design 382

Housing Wire

SEPTEMBER 21, 2023

As we can see in the chart below, even with the biggest home sales crash in history for one year, inventory data has yet to return to the peaks we saw in 2007. Getting back to the four-decade average between 2-2.5 million has been a struggle. Remember, people don’t sell to be homeless; they sell to obtain shelter most of the time.

Inventory 522

Inventory Housing Market Mortgage Marketing 522

Housing Wire

MAY 8, 2024

million, currently at 1,110,000 As you can see above, inventory grew at a healthy clip in previous decades and then had a parabolic run higher in 2006 and 2007 when active inventory reached 4 million. Just look how lousy credit looked below in 2005, 2006 and 2007 — all before the job-loss recession in 2008.

Inventory 512

Inventory Law New Listings Sellers 512

Housing Wire

NOVEMBER 19, 2024

Dunn, who has led the firm since 2007, has previously served on Northern Virginia Association of Realtors ’ ethics and professional standards committees, and she regularly leads fundraising initiatives in her local community. Virginia, Maryland and West Virginia.

Real Estate 254

Real Estate Realtors Agents Clients 254

Inman

MARCH 8, 2024

Harney founded Keeping Current Matters in 2007 to help agents and homeowners prepare to navigate the coming financial crisis.

Agents 183

Agents 183

Housing Wire

SEPTEMBER 1, 2021

Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president. median home price of $207,000.

Realtors 392

Realtors Real Estate Inventory Marketing 392

Housing Wire

MARCH 22, 2024

in 2023, the lowest level posted since 2007. At the national level, homes flipped in 2023 were sold for a median price of $306,000 and generated a gross flipping profit of $66,000, a 5.8% decline from the typical profit of $70,100 in 2022. Return on investment (ROI) was 27.5% For comparison, ROI was 28.1% in 2022 and 35.7%

Investors 509

Investors Real Estate Investing Marketing 509

Housing Wire

MARCH 18, 2024

Founded in 2007, Nations Direct Mortgage is a direct seller to Fannie Mae , Freddie Mac and Ginnie Mae , according to its website. The wholesale lender notified impacted individuals of the data breach at the end of February. Customers were notified of the protection services earlier this month.

Mortgage 458

Mortgage Government Sellers Technology 458

Inman

MARCH 19, 2024

The Andreessens have owned the home since 2007 and conducted extensive renovations. The couple also recently purchased several properties in Malibu, suggesting a switching of allegiances to Southern California.

Renovations 159

Renovations 159

Housing Wire

SEPTEMBER 15, 2023

That is how the director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra , began his remarks marking the 15th anniversary of the collapse of Lehman Brothers , the first proverbial domino to fall in the financial crisis of 2007-08 that ultimately gave rise to the establishment of the CFPB.

Law 420

Law Lending Investing Insurance 420

Eyes on Housing

MAY 24, 2024

That marks the highest share of buyers leaning toward a new home since 2007, when. Faced with the alternative of choosing between an existing home and a newly built home, 61% of home buyers in a recent NAHB study* indicated a new home is their first preference.

Buyers 148

Buyers 148

Housing Wire

MARCH 7, 2022

Attorney members who joined ATG between 1964 and 2007 and their successors have been asked to vote on the merger. For a variety of reasons, we stopped selling shares in 2007. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders.

Insurance 365

Insurance Retail Real Estate Clients 365

Housing Wire

MARCH 7, 2022

Attorney members who joined ATG between 1964 and 2007 and their successors have been asked to vote on the merger. For a variety of reasons, we stopped selling shares in 2007. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders.

Insurance 363

Insurance Retail Real Estate Clients 363

Housing Wire

NOVEMBER 15, 2024

As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse. The credit markets were toxic back then, featuring loans with big recast payments which meant that you could have two people working full-time and still be at a credit risk.

New Listings 504

New Listings Sellers Mortgage Law 504

Eyes on Housing

DECEMBER 4, 2023

According to NAHB tabulation of data from the HUD/Census Bureau Survey of Construction (SOC), well over 20% of all single-family homes started had decks from 2005 through 2018—as many as 27% in 2007 and 2008. After 2017, however, the share. Read More ›

Construction 187

Construction 187

Housing Wire

FEBRUARY 3, 2021

If this happens, it would prove a dramatic contrast to that of the financial crisis, in which lenders tightened credit standards from 2007 through 2010, said Curt Long, National Association of Federally-Insured Credit Unions chief economist and vice president of research.

Lending 545

Lending Mortgage Insurance Housing Market 545

Eyes on Housing

JANUARY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 77.8% of new home sales in the fourth quarter of 2021—the largest share since Q1 2008. The share increased 2.9 percentage points since Q4.

Finance 88

Finance Marketing Lending Mortgage 88

Appraisal Buzz

MARCH 25, 2024

in 2021, hitting the worst level since 2007. “In The average gross profit for a typical home flip in 2023 fell to $66,000, down from $70,100 in 2022, ATTOM says. The average rate of return on a typical home flip was 27.5%. That’s down from 28.1% in 2022 and 35.7% In 2023, the landscape for home flipping across the U.S.

Renovations 335

Renovations Investors Inventory Sellers 335

Housing Wire

AUGUST 21, 2024

David Heilman Soon afterward, a fateful meeting with a couple active in the reverse mortgage business since roughly 1995 took notice of his decision to leave the hospital system in 2007. Getting up to speed Those three months of research ultimately made Heilman comfortable in making the jump in 2007. Not everyone has that advantage.”

Mortgage 417

Mortgage Loan Officers Business Clients 417

Housing Wire

MARCH 21, 2024

Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. Planet Home Lending is an originator, correspondent lender, servicer and subservicer of agency and nonagency residential and commercial mortgages. increase.

Lending 420

Lending Retail Contracts Construction 420

Inman

JUNE 4, 2024

Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the housing crash and 2007-09 Great Recession, UWM's zero-down loans have to meet criteria set by mortgage giant Freddie Mac.

Buyers 134

Buyers Mortgage Tools 134

Inman

SEPTEMBER 29, 2023

Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250.

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169

Housing Wire

NOVEMBER 10, 2022

from 2006 to 2007 and another 20.9% from 2007 to 2008. During that time, total households in the U.S. grew by 16 million — just about 20% growth in the number of households in a time where housing sales were essentially flat for 17 years. The next major downturn, which started in 2006, saw unit sales fall 10.3% from 2008 to 2009.

Mortgage 491

Mortgage Housing Market Lending Finance 491

Housing Wire

FEBRUARY 9, 2021

He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. McClelland joined Metro Brokers in April of 2008 as the Director of Strategic Growth.

Real Estate 417

Real Estate Technology Realtors Investors 417

Appraisal Buzz

JULY 8, 2024

of the average national wage in the second quarter – marking the high point since 2007 and standing well above the common 28% lending guideline. However, the trends this year are particularly challenging for house hunters, more so than at any point since the housing market boom began in 2012.” quarterly and 4.7% annually.

Property Taxes 195

Property Taxes Buyers Insurance Lending 195

Eyes on Housing

SEPTEMBER 28, 2023

In 2007, the number fell to 37,000. According to the annual data from the Census Bureau’s Survey of Construction (SOC), a total of 29,000 5,000+ square-foot homes were started in 2022, down from 33,000 in 2021. In the boom year of 2006, the number of new 5,000+ square foot homes reached a peak of 45,000. Read More ›

Construction 174

Construction 174

Appraisal Buzz

JUNE 21, 2022

Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing price growth, slowing sales, and boosting inventory.

Inventory 195

Inventory Appraisal Mortgage Marketing 195

Eyes on Housing

DECEMBER 5, 2022

These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a. Read More ›

Construction 210

Construction 210