Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. That is – by far – the largest quarterly decline on record by dollar value, and the largest since 2009 on a percentage basis.

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Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. in 2008 and 2009. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Following a pattern eerily similar to the U.S.

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Housing Wire

NOVEMBER 10, 2022

It goes to show what the failure to build enough homes from 2006 to the present combined with ultra-low, unrealistic mortgage rates and massive amounts of fiscal stimulus can do to the housing market. This is something that housing industry leaders should be thinking about — carefully. The history of housing.

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Housing Wire

NOVEMBER 5, 2024

The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. Prior to the pandemic, the median distance that homebuyers migrated from their old house to their new house was consistent at 15 miles.

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Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. It’s going to take all of them. “It doesn’t just reappear,” Duncan said.

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Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

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Housing Wire

FEBRUARY 1, 2024

Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.

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Housing Wire

NOVEMBER 15, 2024

Look at the difference between this week in 2024 versus the same weeks in 2009-2011. New listings data this week: 2024: 48,863 2009: 274,614 2010: 359,534 2011: 315,915 These credit-stressed sellers did not turn around and buy another home, so they created years of elevated distress supply in the marketplace.

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Housing Wire

OCTOBER 21, 2020

“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. Additional waves of the virus could lead to further lockdowns and more job market instability.

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Housing Wire

MAY 9, 2022

Budget-tightening constraints of inflation, higher mortgage rates, and housing price gains are constraining consumers from buying houses. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 4.7 points to 68.5

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Housing Wire

JANUARY 19, 2022

“Across the United States, homebuilders reliably broke ground on between 125,000 and 140,000 homes almost every month in 2021, and by one common measure, last year was the second-least volatile year for housing starts since 2005.”. Overall, an estimated 1,595,100 housing units were started in 2021, a 15.6% increase from 2020.

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Housing Wire

MAY 16, 2024

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. The subsequent housing market crash sharply reduced that number to an average of about 50,000 originations per year from the late 2010s through 2020.

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Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. According to Sam Khater, Freddie Mac’s chief economist, while mortgage rates are rising, house price appreciation will decline later in the year. Presented by: Polly.

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Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

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Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Housing Wire

AUGUST 8, 2023

The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.8 Fannie Mae’s Economic & Strategic Research (ESR) group noted that an extremely limited number of existing homes available for sale continues to define the feature of today’s housing market. points to 66.8

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Appraisal Buzz

JANUARY 16, 2025

housing units, down slightly from 0.25% in 2023, and down from 0.36% in 2019, and down from a peak of 2.23% in 2010. The continued decline in foreclosure activity throughout 2024 suggests a housing market that may be stabilizing, even as economic uncertainties persist, said Rob Barber, CEO at ATTOM.

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Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. million sales in 2021, but roughly the same as 2009 to 2012. “If

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Appraisal Buzz

JUNE 18, 2024

The deepening housing deficit is the root cause of the housing affordability crisis According to Zillow, at its core, the housing market is driven by supply and demand; when the number of people who want a home increases faster than the number of homes available, prices inevitably go up.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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Housing Wire

DECEMBER 29, 2023

. “The new home market has been extraordinary in 2023, and I think heading into 2024, we’re going to have the golden age of new home construction,” David O’Reilly, CEO of Howard Hughes , said in a recent CNBC interview. Let’s look at the new construction forecast for 2024.

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Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. After all, the media would be remiss not to be apprehensive in the current market environment.

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Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

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Housing Wire

JANUARY 13, 2021

Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market. The NFIP provides stability for the housing market.

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Mortgage Investors Technology Housing Market 438

Housing Wire

JUNE 4, 2021

Bill Dallas , president of Finance of America Mortgage , will speak at engage.marketing on the panel: Winning in a red-hot purchase market. In 2009, Dallas purchased Skyline Home Loans with Upfront Ventures and a team to modernize the traditional mortgage business.

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Appraisal Buzz

JULY 29, 2024

Compared to ARMs, FRMs are now more common after the 2007 housing market crashed. Between mid-2005 and mid-2009, the percentage of ARM dollar volume in mortgage originations decreased from approximately 45% to 2%. Housing Markets The average retail price and the ARM share are positively correlated.

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Housing Wire

DECEMBER 17, 2020

Requiring the Enterprises to have enough liquid assets to continue supporting the mortgage market during times of severe stress protects taxpayers and the housing market.”. The requirements proposed by the FHFA are similar to the liquidity rules foisted on big banks in the wake of the 2008 housing crisis.

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Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But the past three years — and 2020, specifically — have been something else.

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Housing Wire

JULY 19, 2023

With an ongoing tight supply of existing homes for sale on the market, the ESR group expects overall home sales in 2023 to remain near the lowest annual level since 2009. “We The supply of existing homes is near the 2009 crisis low, and it’s showing no signs of easing.

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Housing Wire

JANUARY 12, 2022

I know many housing bears had hoped that credit getting tighter in 2020 and 2021 would crash the housing market. However, since we’ve had no exotic loan debt structure post-2010, credit looking tight on paper just doesn’t have the same impact as it did from 2005-2009. What we have currently isn’t a balanced market.

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Appraisal Buzz

JUNE 20, 2022

The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Seasonally adjusted home sales fell 3% month over month, their only May decline on record outside of 2020, when the start of the pandemic sent shockwaves through the housing. Home prices rose 1.5%

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Appraisal Buzz

SEPTEMBER 6, 2024

In his post, Duncan eluded to his continued industry involvement and not completely stepping away from serving as a trusted source for all factors related to the housing market. Prior to joining Fannie Mae in 2009, Palim worked as a Senior Associate, Manager, and Director for PricewaterhouseCoopers, and served as Principal at LECG.

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DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Christensen Law Firm Keeping Housing Above Water – Housing Notes Was This Home Overimproved or Underimproved?

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Housing Market Marketing Real Estate Appraisal 126

Housing Wire

JANUARY 8, 2021

Long-term unemployment last ballooned during the Great Recession, hovering around 40% of the overall jobless population from late 2009 into 2013, the highest in the series’ 73-year history. If that rebound doesn’t happen though, Kushi said a potential implication may be economic scarring and even further prolonged recovery.

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Construction Retail Law Inventory 468

Housing Wire

JANUARY 17, 2024

In fact, a veritable upheaval is headed for the housing market already. We have experienced one of the longest ‘seller’s markets’ in our country’s history, so there wasn’t an immediate need for real estate professionals to educate themselves on financing tools beyond traditional mortgages or all-cash transactions,” Cooper said.

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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. So far in 2022, only 5.4%

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Investors Renovations Marketing Retail 411

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession.

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