Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

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Construction Retail Law Inventory 468

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The post Mortgage Credit Availability Jumps Again first appeared on The MortgagePoint. percent to 99.2

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Mortgage Government Design Construction 418

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

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Construction Buyers Development Contracts 532

Housing Wire

OCTOBER 20, 2020

In contrast, multifamily starts fell 16.4%, to one of the slowest monthly paces since 2013, not including this past April.” ” Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni noted that single-family permits jumped 24.3% . “The former rose 8.5% over the month to 1.1

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Construction New Listings Housing Market Inventory 505

Housing Wire

JULY 14, 2022

Kiavi, founded in 2013 and led by CEO Michael Bourque, expanded to three states in June and now operates in 32 states and Washington, D.C. The lender was planning to offer construction loans but rising interest rates put a halt to that and forced Kiavi to issue pink slips. . Employees will be terminated on Friday, July 15.

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Human Resources Construction Investors Legal 418

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow.

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Inventory Construction Government Housing Market 545

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. “We that use trended credit bureau data.

Legal 448

Legal Mortgage Contracts Insurance 448

Appraisal Buzz

NOVEMBER 18, 2024

A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia. Ironically, renting is often now more affordable than buying due to skyrocketing mortgage rates. Diminished Development Capacity: As developers struggle, new construction grinds to a halt.

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Development Finance Real Estate Housing Market 335

Housing Wire

FEBRUARY 23, 2021

Then, mortgage rates plummeted to historic-lows , opening the homebuying floodgates and propelling prices skyward. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. December 2020’s 10.4%

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Inventory Finance Contracts Construction 468

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. We had missed sales estimates in 2013, 2014 and 2015. This time, we have less production of homes and more multifamily construction.

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Construction Housing Market Sellers Real Estate 370

Housing Wire

JUNE 2, 2022

And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Recently, mortgage rates have been a primary driver of the negative headlines that serve to incite panic over an imminent housing crash. housing market.

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Housing Market Supply Chain Construction Clients 468

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. From 2013 to 2022 I forecasted price growth every year.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. It’s an excellent time to discuss housing inventory.

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Inventory Housing Market Construction Marketing 526

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Development 451

Development Appraisal Property Appraisal Insurance 451

Housing Wire

APRIL 11, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

Inventory 514

Inventory Housing Market Marketing Modernization 514

Appraisal Buzz

JULY 5, 2024

And while new construction may be necessary to create slack in the market, over the longer term, the rebalancing needed will originate from lower rates that ease the lock-in effect. O’Loughlin is a Senior Director in Fitch Ratings’ North American Residential Mortgage-Backed Securities (RMBS) Group, and is based on New York.

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Housing Market Marketing Finance Development 361

Housing Wire

NOVEMBER 2, 2020

The last time we had a consistent downtrend in existing home sales was back in 2013-2014. Mortgage rates followed, which dampened demand. Plus, we have solid demographics and low mortgage rates. months, builders pull back, and new construction stalls. It was more noticeable than what we saw in 2018.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

MARCH 29, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

Inventory 435

Inventory Housing Market Marketing Modernization 435

Appraisal Buzz

MAY 14, 2024

Applications for mortgages for new home purchases increased 2% in April compared with March and were up 22.1% compared with April 2023, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS). percent in April, higher than the survey average of 18 percent dating back to 2013.

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Construction Mortgage Appraisal 195

Housing Wire

MAY 6, 2022

So far this year, with the rise in mortgage rates, it is still trending better than I thought it would have with rates over 5%. Then the bond market will sniff this out and send bond yields lower, which means mortgage rates will fall. New home sales fall, which will create a slowdown in housing construction.

Inventory 370

Inventory Housing Market Marketing Construction 370

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Investing 435

Investing Loan Officers Retail Mortgage 435

Housing Wire

AUGUST 2, 2022

“Despite the year-over-year increase in both listing and closed listings, rising interest rates, combined with a continued pandemic-related material shortages and construction delays, suggest that the shortfall of affordable rentals is unlikely to reverse before the end of 2022,” the HouseCanary report states.

Marketing 397

Marketing Real Estate Landlords Investors 397

Appraisal Buzz

AUGUST 30, 2024

She was promoted to VP in 2010, COO in 2013, and CEO in 2016. She is leader in a male-dominated industry, and has become a role model for other women looking to advance in the construction space. Join us at the Five Star Conference 2024 , where visionaries meet opportunities and shape the mortgage industry’s future together.

Property Management 221

Property Management Real Estate Tools Investing 221

Appraisal Buzz

SEPTEMBER 25, 2024

She was promoted to VP in 2010, COO in 2013, and CEO in 2016. Brooks remains a leader in a male-dominated industry, and has become a role model for other women looking to advance in the construction space. Click here for the full agenda for the 2024 Five Star Conference.

Marketing 221

Marketing Property Management Investing Real Estate 221

Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. Under Palmer’s leadership, Taylor Morrison has been successful in creating trustworthy relationships with both internal and external customers.

Development 221

Development Government Project Management Design 221

Appraisal Buzz

SEPTEMBER 20, 2024

Due to her commitment to fostering a collaborative work environment, she’s received several company awards, including the Perfect Circle Award (2013 and 2014) for top performance in production and units. In 2017, she was named Regional Manager of the Year.

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Training Development Clients Renovations 221

Clear Capital

AUGUST 30, 2021

While the Federal Reserve is probably still at least a year away from raising the federal funds rate, the central bank is beginning to focus on when to reduce its purchases of treasuries and mortgage-backed securities (MBS). Fortunately, we do have some history to point to — the taper tantrum of 2013. months worth of supply.

Marketing 66

Marketing Real Estate Inventory Construction 66

Empire Appraisal Group

AUGUST 1, 2024

Many Americans think local governments should incentivize additional dwelling unit (ADU) and tiny home construction to address housing shortages. But nearly 75% think local governments should incentivize ADU and tiny home construction to address housing shortages. Can Tiny Homes Help the Housing Shortage? Why tiny homes? .

Legal 78

Legal Buyers Construction Government 78

Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. Varies widely around the country. == Mortgage applications increased 1.1

Appraisal 90

Appraisal Real Estate Contracts Business 90

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. Thorne, was best known for his use of steel in residential construction. November 15, 2023) — Mortgage applications increased 2.8

Appraisal 71

Appraisal Modernization Training Business 71

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

Appraisal 78

Appraisal Contracts Business Mortgage 78

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 68

Housing Wire

MARCH 8, 2021

Demand for homes will be bolstered by an improving job market, favorable demographic trends, and mortgage rates that, while rising, are still low from a historical perspective. The improving economic picture is putting upward pressure on mortgage rates, which have moved above 3% in recent weeks for 30-year fixed-rate loans.

Supply Chain 534

Supply Chain Inventory Construction Marketing 534

Appraisal Today

DECEMBER 23, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on mortgage rate forecast, Humor, adjustments, George Dell, unusual homes, mortgage origination stats, etc. ==. Last remodel: 2013.

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Appraisal Contracts Mortgage Modernization 52

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. I used Hypothetical Assumptions for new construction, of course. =. Off and on the market since 2013. Excerpts: The 1.76-acre

Appraisal 52

Appraisal Inspection Easement Contracts 52

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. Mortgage rates have risen by about 1.6 An $800,000 mortgage last year at 3% would require a monthly payment of about $3373. soaring interest rates (bad!)

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MARCH 14, 2022

Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S., My lender friends in Seattle are quoting mortgage rates of around 4% (plus or minus an-eighth of a point), depending on individual circumstances. off their 2022 high of 3.92% (the highest level since May 2019).

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36