Housing Wire

SEPTEMBER 7, 2022

Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . While July’s home price grew 14.5%

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Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. If the 10-year yield gets above 4.25%, the U.S.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. How I look at rates is intertwined with how I look at the bond market.

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Housing Wire

DECEMBER 20, 2023

I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. The days on market have always been a critical data line for me. months, and the days on market is 25 days; reading is a good thing.

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Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. The retail direct-to-consumer segment represents about half of the mortgage market, and while we’re already the No.

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

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Housing Wire

FEBRUARY 3, 2025

Despite that and other positives, the LA wildfires are still making an impact on the housing market at the local and national levels. That was softer than in 2011 when the market was still recovering from the housing crash and Great Recession. Moving away from the broader market, ICE addressed the impacts of the LA wildfires.

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Eyes on Housing

OCTOBER 20, 2021

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding.

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Housing Wire

APRIL 9, 2024

Jana Caudill was a sales associate with Keller Williams from February 1, 2001 to December 14, 2011, and Dennis Caudill was a sales associate with Keller Williams from February 1, 2001, to December 14, 2011. District Court for the Northern District of Indiana.

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Housing Wire

JANUARY 24, 2025

Existing home sales ended the year on a positive note , which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. That situation is not present in todays housing market as active inventory is almost 1 million, not 4 million like in 2007.

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Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. 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. No, it can’t. Monthly supply data being at 1.7

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Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. In comparison, in 2011, homes took 96 days to sell. . Historically 2.5

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Housing Wire

SEPTEMBER 11, 2020

The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president. to the lowest in the data series that goes back to 2011, the report said.

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Housing Wire

MARCH 26, 2024

On March 22, Moulder, who worked with Keller Williams from 2002 to 2011, filed a complaint aiming for class-action status in the U.S. The following day, Bueker, a former KW agent from 2003 to 2011, filed a similar complaint in the U.S. When an associate agent joins any KW market center, they have to name their sponsor.

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Housing Wire

JULY 27, 2023

Starting in 2011, RealTrends started to compare the performance of the highest-producing 250 individuals with the highest-producing 250 teams. For this report, we looked at data from 2011 through 2022. in terms of closed transactions from 2011 to 2022. in terms of closed transactions from 2011 to 2022. over that period.

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Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. I’m grateful for everything she has done to fight discrimination and make our markets fairer.”

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. The monthly housing supply for the existing home sales has only gone above six months during the bust years after the housing bubble (2006-2011). The new home sales market had an epic miss from sales estimates in 2014.

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Housing Wire

OCTOBER 4, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan. “We As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion.

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Housing Wire

AUGUST 13, 2020

Don’t let them get away with that excuse when every other federal and state agency is bleeding billions of dollars to support consumers, support businesses, and stabilize the market. Calabria has written, spoken, and testified for years on his view that the mortgage market should be fully privatized. It’s time to take the gloves off.

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Housing Wire

MARCH 15, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan. The RMMI is often cited by reverse mortgage companies as a sign of the unrealized market potential of the industry. The RMMI fell to 449.02

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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. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Housing Wire

DECEMBER 15, 2020

Verisk, headquartered in Jersey City, New Jersey, will add Jornaya’s proprietary technology – which tracks consumer behavior – into its suite of products geared toward insurance and financial services markets. million since its founding in 2011, according to Crunchbase. Venture-backed Jornaya has raised a total of $19.7

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Housing Wire

OCTOBER 7, 2020

points, but has recovered more than half of its early pandemic-period decline when April’s HPSI hit its lowest reading since November 2011. August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy.

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Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

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Housing Wire

OCTOBER 31, 2024

The merger combines the strengths of both companies, allowing us to better support agents, buyers, and sellers in the Dayton area while enhancing our leadership in the market.” Alliance Group Realty was founded in 2011 by Bob Clarkson and currently has over 70 agents.

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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. Studies GAO reviewed found that no investor owned 1,000 or more single-family rental homes as of late 2011,” the results said.

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Housing Wire

FEBRUARY 5, 2024

According to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index (HMI) , 90% of builders reported high interest rates as a significant issue in 2023, while 77% expected them to be a problem in 2024. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019.

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Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. And the purchase market saw applications down 2% over the prior week and 27% behind last year’s pace. For the week that ended Sept. 22, mortgage applications fell 1.3% Overall applications declined.

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Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” Stick around and see if mortgage rates climb into the 7% range.

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Housing Wire

APRIL 16, 2021

The last time rates reached heights of nearly 5% was in November of 2013, and before that, nearly a decade ago in 2011, according to Freddie Mac’s PMMS. “The expectation, and the realization, of stronger growth and a stronger job market puts upwards pressure on rates, fundamentally, through the rest of year,” Kan said.

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Housing Wire

FEBRUARY 1, 2021

Since 2011, the number of existing single-family homes for sale has declined more than 30%. To explore how America can create the right kind of supply for today’s market, we first examined the attitudes and preferences of prospective homebuyers. At the same time, we’ve seen an unprecedented increase in home prices.

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Housing Wire

APRIL 10, 2024

The [MOU] establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify and mitigate risks, and ultimately, further protect consumers, taxpayers, and the nation’s housing finance system,” a joint announcement from CSBS and FHFA said.

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Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. The transaction will broaden nCino’s serviceable addressable market by over $4 billion.

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Housing Wire

JUNE 26, 2024

The Housing Policy Council (HPC) announced on Wednesday that it has appointed Michael Drayne as its new senior vice president of capital markets, effective July 1. Drayne has three decades of capital markets experience. We are excited for Michael to join the team,” HPC President Ed DeMarco said in a statement.

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Housing Wire

MARCH 17, 2023

“This proposed guilty plea reflects the nature and seriousness of the wrongdoing and demonstrates the Department of Justice’s commitment to protecting the integrity of our public markets, holding corporations accountable for their criminal misconduct, and compensating victims for their losses,” Polite said in the DOJ’s announcement in the case.

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Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. housing market. You can understand why I upgraded the housing market from unhealthy to savagely unhealthy. It’s an excellent time to discuss housing inventory.

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