Housing Wire

DECEMBER 4, 2022

Home price corrections exposed a growing pocket of equity risk concentrated among purchase mortgages originated in 2022, Black Knight said in its latest mortgage monitor report. Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater. More recent homebuyers don’t fare as well. “A

Mortgage 397

Mortgage Inventory 397

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

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.

Investors 462

Investors Inventory Government Construction 462

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. The last time we had a stressed seller market was when national home prices crashed in 2008-2011 and even with more inventory , we’re nowhere close to those levels.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

DECEMBER 7, 2021

“That works out to nearly $178,000 available in tappable equity to the average homeowner with a mortgage before hitting a maximum combined loan-to-value ratio of 80%.”. Overall, mortgage holders withdrew more than $70 billion in equity in the third quarter, equivalent to just 0.8% will result in the tightest affordability since 2009.

Inventory 476

Inventory Mortgage Marketing 476

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. of all first-lien mortgages. Most of the loans that have reset at higher rates over the past 12 months (71%) were originated before 2009. million in May 2022.

Mortgage 455

Mortgage Inventory Marketing 455

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners.

Construction 476

Construction Supply Chain Inventory Housing Market 476

Housing Wire

JANUARY 19, 2022

Housing demand has outstripped supply since 2009,” First American deputy chief economist Odeta Kushi said in a statement. Experts are attributing the stability of housing starts this year to a slowly improving labor market, low mortgage rates, high demand for housing and an extremely low level of existing housing inventory.

Construction 468

Construction Housing Market Inventory Development 468

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. 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.

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

JULY 19, 2023

The extent of the ongoing lack of inventory has exceeded our prior expectation,” the ESR group said in its July commentary. This ongoing lack of inventory, in part due to mortgage lock-in effects, has driven significantly stronger home price appreciation over the first half of 2023 than we had previously anticipated.”

Construction 284

Construction Inventory Housing Market Marketing 284

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 when inventory dropped to a third of its normal amount, everything changed.

Real Estate 468

Real Estate Marketing Real Estate Agent Agents 468

Housing Wire

JANUARY 8, 2021

In the new year, Mortgage Bankers Association chief economist Mike Fratantoni said the lack of inventory is the biggest constraint to further growth in home sales for 2021. Despite builder confidence hitting a 35-year-high in November , the census bureau still estimates new home sales have just over a four-month supply.

Construction 468

Construction Retail Law Inventory 468

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 447

Supply Chain Housing Market Marketing Inventory 447

Housing Wire

JUNE 10, 2022

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. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 397

Sellers Housing Market Inventory Buyers 397

Housing Wire

MAY 15, 2024

A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. For example, our data shows that Boomers are mostly mortgage rate agnostic — but about half are factoring the upcoming election into their selling timeline.

Design 467

Design Buyers Construction Marketing 467

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

MAY 28, 2021

“I honestly haven’t seen this kind of market for homes in San Jose since 2009.” When potential buyers look at listings in Sacramento, they realize their big-city rent costs more than a mortgage here,” White said. ” Existing San Jose home sales were up 47.9% Active listings in the area have declined by 16.6%

Buyers 414

Buyers Real Estate Agents Inventory 414

Housing Wire

AUGUST 15, 2023

Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It million sales in 2021, but roughly the same as 2009 to 2012. “If To illustrate his point, Keller highlighted that the industry is projected to see 4.3

Agents 370

Agents Marketing Real Estate Housing Market 370

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JULY 1, 2021

Servicers should also be sharing the mathematics of mortgage forbearance. Being in mortgage forbearance won’t hurt a homeowner’s credit score but exiting forbearance and going into mortgage default will seriously impact their credit score and adversely affect their ability to purchase another house for many years.

Inventory 277

Inventory Sellers Training Real Estate 277

Appraisal Buzz

JULY 16, 2024

Since taking a dip in 2009, there has been a slow, but steady climb with more than 100,000 manufactured homes shipped in 2021, and a post-recession high reached in 2022 with 112,000 manufactured homes shipped, according to a 2023 report by the Joint Center for Housing Studies at Harvard University.

Modernization 397

Modernization Buyers Construction Marketing 397

Housing Wire

SEPTEMBER 13, 2024

How many of them have sub-3 % mortgage rates? If you want to thrive during a recession like I did in 2009, you must focus on homeowners who need to sell. They often interview a few agents to list and market their current inventory and even the homes they plan to build. Well, think about the people in your database right now.

Agents 448

Agents Real Estate Real Estate Agent Sellers 448

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The same report revealed FHA had amassed capital reserves in the amount of $78.9

Insurance 326

Insurance Housing Market Mortgage Government 326

Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank National Sales Director of Mortgage Lending Scott Lindner Scott Lindner serves as National Sales Director of Mortgage Lending for TD Bank , one of the 10 largest banks in the nation. In his current role, Lindner leads TD’s Mortgage Loan Officer sales force, and guides sales strategy and product development.

Loan Officers 243

Loan Officers Retail Buyers Housing Market 243

DW Slater Company

JANUARY 30, 2023

The rocket soon turned and begin its descent in May as mortgage rates began to rise in March. Mortgage rates impact housing as they affect buying power. Mortgage interest rates peaked in November and have been hovering around 6 % for the 30-year fixed rate. As we look at the housing market for 2022, a clear shift has occurred.

Housing Market 126

Housing Market Marketing Real Estate Appraisal 126

Lamacchia Realty

JANUARY 31, 2024

One of the biggest factors affecting inventory levels in 2023 was listings as they were the lowest since 2009 in Connecticut. Home sales should increase, especially if mortgage rates continue to trend downward or stay as they are now. Southington proved to be no different, with homes listed down substantially year over year.

Inventory 59

Inventory Real Estate Housing Market Realty 59

Appraisal Buzz

JUNE 12, 2024

VRM Mortgage Services is a company born during a very different era for our industry. The company launched VRM University (VRMU) in 2009, offering “specialized training for financial services and real estate professionals.” VRM Mortgage Services President & CEO Keith Murray and EVP & COO Dr. Cheryl Travis-Johnson /*!

Training 221

Training Business Human Resources Appraisal 221

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. After the Fed rate cut, mortgage applications jumped 9% in a week. Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68

Annarbor Appraisal

APRIL 9, 2020

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. What happens if the unemployment rate tops 30%?

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Empire Appraisal Group

JULY 6, 2022

The average interest rate on a 30-year fixed mortgage was 5.48% Thursday, an increase of 7 basis points over the past week, according to Bankrate.com. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages.

Marketing 78

Marketing Landlords Real Estate Tenants 78

Lamacchia Realty

DECEMBER 28, 2022

You can infer from the subtitle “ 2023 Will be 1982 all over again” that I’m clearly expecting an early 1980’s scenario, when inflation ran up causing interest rates, including mortgage rates, to spike. But there’s also a lack of sellers because people are reluctant to give up their low mortgage interest rates.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Will Springer Realtor

AUGUST 13, 2024

July was marked by an expanding inventory of for-sale homes, fewer Pending sales and mostly higher prices. Inventory of all King County homes for sale (excluding Pending sales) was up 40% Year on Year (YoY) in July. months of condo inventory across the county and a whopping 4.4 There are 3.1 months in Seattle. King County has 2.0

Buyers 53

Buyers Investors Sellers Inventory 53

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Housing Wire

OCTOBER 23, 2024

Why are home prices still rising even as mortgage rates have gone higher? A number of people predicted that home prices would experience a steep drop as mortgage rates rose, but that’s not what has happened. So, why haven’t home prices crashed with high mortgage rates this year? million in September.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. The hangar was built in 2009, and the home was completed in 2014. Purchase vs. refi appraisals.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

Easement 52

Easement Contracts Appraisal Inspection 52