Housing Wire

JANUARY 24, 2025

months we saw with distressed sellers in 2008. That situation is not present in todays housing market as active inventory is almost 1 million, not 4 million like in 2007. Also, the monthly supply is 3.3 months, not the 10.8

Inventory 482

Inventory Housing Market Sellers Marketing 482

Appraisal Buzz

JANUARY 22, 2025

We fell behind on home-building after 2008 and never quite caught up. Theres a shortage of affordable housing in the U.S. What can we do about it? The answer seems obvious: Build more houses, fast. Easier said than done. Theres a shortage of labor.

Construction 364

Construction Appraisal Modernization 364

Housing Wire

NOVEMBER 13, 2024

Cornish also dives into his experience at a local Iowa bank after leaving Wells Fargo following the post- housing crisis industry changes in 2008. Cornish: Don’t quote me on the exact year, but I think I made $19 million in 2008. I didn’t have any choice but to succeed. I can’t believe we have to verify income.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

APRIL 11, 2025

A MLS participants ability to display another brokerages listings on its own VOW site stems from a 2008 settlement between the Department of Justice and NAR. Prior to 2008 NARs rules allowed listing brokerages to opt-out of allowing another brokerage to display their listings on its website.

Brokerage 346

Brokerage Sellers Legal Real Estate 346

Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

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Government Finance Mortgage Business 395

Housing Wire

FEBRUARY 1, 2025

By comparison, first-time buyers comprised 40% of the market before 2008. HomeLight notes that this is becoming more common for existing-home sales. According to the National Association of Realtors (NAR), only 24% of recent buyers were first-timers.

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Buyers Real Estate Agent Mortgage Real Estate 481

Housing Wire

JANUARY 29, 2025

Its a stunning number given how bad the market was in the years after the financial crisis in 2008. According to NAR, existing-home sales finished 2024 at a dismal 4.06 million, which is the lowest since 1995, a period when existing-home sales never topped 4 million. But new-home sales are a relative bright spot. According to U.S.

Sellers 461

Sellers Housing Market Realtors Inventory 461

Housing Wire

NOVEMBER 12, 2024

According to a National Association of Realtors (NAR) report in July, veteran homeownership has steadily increased since 2008, with veterans outpacing civilian buyers in some markets. .” Data shows that more veterans have been gearing up for homeownership in 2024.

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Design Realtors Finance Mortgage 397

Housing Wire

NOVEMBER 13, 2024

Movement CEO Casey Crawford , a former pro football player who founded the distributed retail nonbank in 2008, said in a statement that Smith has a “track record of leading companies through aggressive growth and transformation.” compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgage 370

Mortgage Loan Officers Retail Finance 370

Appraisal Buzz

DECEMBER 18, 2024

million building permits issued annually, but the financial crisis of 2008 led to a sharp decline. Residential Real Estate and Housing Shortages The construction of single-family homes peaked in the early 2000s with around 1.3

Real Estate 368

Real Estate Development Logistics Retail 368

Housing Wire

JANUARY 22, 2025

The acquisition follows more than 30 made by Evernest since the company arrived on-scene in 2008. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The company’s management portfolio will reportedly rise to 230,000 units across 50 markets.

Property Management 391

Property Management Local Properties Renovations Investors 391

Housing Wire

MARCH 7, 2025

A staffer who spoke with the outlet under the condition of anonymity cast doubts on the ability of the plan to succeed, citing the unregulated nature of the technology and the 2008 housing crisis as evidence of a need to proceed cautiously. I dont see any way this will help anything. I see a lot of ways this could hurt.

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Technology Government Law Insurance 278

Housing Wire

NOVEMBER 12, 2024

Wallace served as managing director at financial services firm Lehman Brothers before the company went bankrupt in 2008 following the nationwide financial crisis. The new COO’s leadership journey began in the capital market sector.

Technology 370

Technology Finance Mortgage Lending 370

Housing Wire

JULY 6, 2022

This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. The short (and long) answer is no, not a chance. It really is that simple, folks.

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Lending Mortgage Business Inventory 501

Housing Wire

MARCH 30, 2023

today and why they’re so different than the period of 2002-2008. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why. However, we aren’t going to see the credit availability collapse in the same way we did in 2008.

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Housing Market Mortgage Law Marketing 539

Housing Wire

JANUARY 14, 2025

Before Compass, Sheridan also operated her own PR firm, epgPR , from 2008 to 2017. The Georgetown University graduate joined Compass in 2018 as regional public relations leader on the corporate communications team. These leadership changes follow a trend of growth moves made by Compass in 2024.

Brokerage 370

Brokerage Luxury Properties Development Realty 370

Housing Wire

NOVEMBER 19, 2024

Pejacsevich and Buzzelli founded Atoka Properties before acquiring Middleburg Real Estate in 2008. In June 2023, McEnearney Associates teamed up with the Peter Pejacsevich and Scott Buzzelli-led Middleburg Real Estate/Atoka Properties. This partnership has been a natural fit from the beginning,” Pejacsevich said in a statement.

Real Estate 370

Real Estate Realtors Agents Clients 370

Appraisal Buzz

DECEMBER 20, 2024

Preserving Affordable Homeownership builds on the Lincoln Institutes 2008 Policy Focus Report The City-CLT Partnership , coauthored by Davis and Rick Jacobus. CLTs remain in the picture long after a home is purchased, ensuring that affordability lasts, homes are maintained, and newly minted homeowners succeed.

Land Lease 243

Land Lease Government Real Estate Housing Market 243

Housing Wire

APRIL 1, 2025

Angel Oak, founded in 2008, owns mortgage originator Angel Oak Mortgage Solutions (AOMC) and asset management arm Angel Oak Capital Advisors. Brookfield will take a 50.1% Angel Oak will still operate independently, with co-foundersSreeni PrabhuandMike Fiermanremaining as co-CEOs.

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Investors Clients Investing Lending 255

Housing Wire

OCTOBER 11, 2021

First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. We had no chance of reaching this number during the years 2008 to 2019.

Housing Market 535

Housing Market Marketing Construction Investors 535

Housing Wire

DECEMBER 17, 2024

Its no surprise that the share of first-time homebuyers has plummeted to a historic low of 24%, down from 32% last year and far below the pre-2008 norm of 40%. Nearly 40% of homeowners surveyed by Redfin admit they couldnt afford their current home if they waited to buy until today.

Housing Market 397

Housing Market Marketing Buyers Real Estate 397

Housing Wire

JUNE 12, 2024

For example, from 1985-2007, housing tenure was five to seven years; from 2008-2024, it grew to 11-13 years. foreclosure data looks very healthy right now, especially compared to the terrible period of 2005-2008, all before the job loss recession 2008 happened. It’s good to remember that U.S.

Housing Market 505

Housing Market Mortgage Law Government 505

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. In 2008, this number for that week was 249,655. From 2008-2011, new listings data averaged between 250,000 and 400,000 , peaking near 400,000 in 2011.

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Inventory New Listings Housing Market Mortgage 521

Housing Wire

NOVEMBER 8, 2023

With home prices at all-time highs and concern that the labor market will break going into a recessionary period, is another 2008-style crash a possibility? Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. Is the U.S. headed for another housing bubble crash?

Housing Market 418

Housing Market Legal Marketing Mortgage 418

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. In the past, the speculative credit boom led to people filing for bankruptcies and foreclosures in 2005, 2006, 2007 and 2008. Then after all that, we had the great recession.

Housing Market 532

Housing Market Inventory Lending Marketing 532

Housing Wire

NOVEMBER 30, 2021

In the third quarter, the FHFA announced that its house price index saw the largest increase since the metric was introduced in 2008. A 2008 law determines the conforming loan limits for Fannie Mae and Freddie Mac. Median home values exploded across dozens of housing markets across the country in 2021. House prices increased 18.5%

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Government Mortgage Home Value Finance 536

Housing Wire

JUNE 3, 2024

After falling out of favor due to their role in the 2008 housing crash, adjustable-rate mortgages (ARMs) have gained popularity over the past few years. Regarding the vintage 2003 to 2008 ARM loans, ICE said that their performance “remains resilient,“ with ARM delinquency rates increasing modestly compared to their fixed-rate counterparts.

Mortgage 450

Mortgage Inventory Marketing 450

Housing Wire

AUGUST 1, 2024

The two election cycles in which home sales fell more than expected were in 2000 and 2008, years in which the economy was in a recession — with 2008 being a dramatic recession directly related to the housing market. “Of

Real Estate Agent 459

Real Estate Agent Housing Market Buyers Real Estate 459

Housing Wire

MAY 8, 2024

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. Just look how lousy credit looked below in 2005, 2006 and 2007 — all before the job-loss recession in 2008. Demographics also play a role here.

Inventory 518

Inventory New Listings Law Sellers 518

Housing Wire

SEPTEMBER 17, 2024

A total of 30,227 homes faced foreclosure filings, a far cry from the 300,000 per month seen during the 2008 financial crisis. According to the monthly foreclosure report from Attom , foreclosure filings fell 5.3% compared to July and completed foreclosures dropped by 12%. But this doesn’t mean risk isn’t present in today’s market.

Housing Market 430

Housing Market Marketing Mortgage 430

Housing Wire

MAY 26, 2022

Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? Credit stress was evident from 2005 to 2008.

Inventory 526

Inventory Housing Market Construction Marketing 526

Housing Wire

JULY 20, 2022

Longer term, HERA and conservatorship reforms have addressed the major risk characteristics of the pre-2008 version of the GSEs credit risk transfers that are being used to transfer risk away from taxpayers and to provide market discipline — a kind of early warning sign if the GSEs are going off the rails. GSE housing goals.

Law 545

Law Tools Development Mortgage 545

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment.

Inventory 544

Inventory Law Housing Market Design 544

Appraisal Buzz

MARCH 20, 2025

last year rose to 29.6%, but still stood at the third-lowest level since 2008. The profit margin on the typical home flips around the U.S. The ROI on median-priced home flips nationwide has dropped 16 percentage points since 2020 and is off by 25 points since the highwater mark over the past decade hit in 2016.

Renovations 355

Renovations Investors Finance Property Taxes 355

Housing Wire

JULY 3, 2024

People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. The housing bubble crash years of 2008-2011 saw a surge in foreclosures due to the lack of selling equity and this also profoundly impacted housing demand. of homes were underwater.

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. In fact, this was never the route intended by Congress when it passed HERA in 2008. So how do we get there?

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Tools Development Mortgage Law 545

Housing Wire

NOVEMBER 10, 2022

from 2007 to 2008. from 2008 to 2009. in unit sales from the peak of 2005 to the trough of 2008. The next major downturn, which started in 2006, saw unit sales fall 10.3% from 2005 to 2006, then another 22.4% from 2006 to 2007 and another 20.9% There was a slight upturn in 2009, with unit sales increasing by 2.6%

Mortgage 493

Mortgage Housing Market Lending Finance 493