Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At

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Housing Wire

JUNE 21, 2022

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. Because housing is shelter, people don’t sell their homes to be homeless; it’s where they live. The only way this happens is higher rates.

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Housing Wire

NOVEMBER 2, 2020

I’m talking about housing market crash headlines. The housing data has been wild this year. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild speculations about the future of U.S.

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Housing Wire

OCTOBER 23, 2020

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. 1, and runs through May 1. “We’ve

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Housing Wire

JULY 1, 2024

Census Bureau data from 2013 to 2022 to determine the fastest-growing housing markets in terms of single-family and multifamily homes added. Suburbs and exurbs have populations below that cutoff, with exurbs defined as places with a population density of less than 250 residents per square mile in 2013.

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Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Appraisal Buzz

NOVEMBER 18, 2024

Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on. A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia.

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Housing Wire

NOVEMBER 21, 2023

At its core, it means providing you with what you need to win the market. When we started using this phrase in 2013, it was providing education around the launch of the newly created Consumer Financial Protection Bureau.

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Housing Wire

JULY 10, 2024

The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers. In 2013, nationally, we had a 70% loan to value ratio on outstanding mortgages.

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Housing Wire

AUGUST 2, 2024

” That’s in addition to the decade-long drop in buyer’s agent commissions, which fell from 2.89% in 2013 to 2.66% in 2023, Redfin reported. Still, even before the blitz of publicity around the class-action lawsuits and NAR settlement, commissions were coming down.

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Appraisal Buzz

AUGUST 16, 2024

“The FHA share of applications was at 29 percent, the highest share in MBA’s survey dating back to 2013, as first-time buyers continue to account for a significant share of purchase activity, given the limited availability of starter homes around the country.” “Our

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Appraisal Buzz

JULY 1, 2024

A joint report from the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published and updated loan-level data for public use collected through mandatory demographic questions on mortgage applications through the National Survey of Mortgage Originations (NSMO).

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Housing Wire

APRIL 1, 2024

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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Housing Wire

DECEMBER 6, 2023

We’ve had a lot of requests for a buydown feature, and we hope it provides some relief to buyers during the current state of the housing market,” Zwick added. Founded in 2013, CBC Mortgage Agency’s Chenoa Fund program completed more than 40,000 mortgage transactions since its inception, according to its website.

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Housing Wire

AUGUST 17, 2020

The California housing market is making a slow recovery from the COVID-19 fallout as many are fleeing the state for more space inland.However, the number of homes sold in the Golden State reached its highest level in over two and a half years in July, according to the California Association of Realtors and the median home price set a new record.

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Housing Wire

NOVEMBER 15, 2022

This caused it to reach its lowest level since March 2013, according to the MBA. With affordability remaining a thorn in the side of the housing market, adjustable-rate mortgages (ARMs) have become an attractive option for borrowers. The mortgage credit availability index (MCAI) fell by 0.5% compared to October 2021. .

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. In response, they stalled construction for 30 months.

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Housing Wire

JUNE 9, 2023

I mean, it’s year 11 now of the housing bubble 2.0 In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better? On June 16, 2022, I put the housing market into a recession , which is where housing demand, housing jobs, housing income and housing production all drop.

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Housing Wire

NOVEMBER 5, 2024

Census Bureau county-to-county migration data between 2013 and 2022 to identify the most popular and profitable moving routes from California to Arizona. That’s according to a report released Monday by StorageCafe , a national marketplace for storage space and an affiliate of real estate data provider Yardi. The report reviewed U.S.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005.

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Housing Wire

FEBRUARY 26, 2021

During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”. In his opinion piece, Mohtashami states, “For 2021, we need to root for a repeat of what happened in 2013-2014 and 2018-2019.

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Housing Wire

NOVEMBER 8, 2022

Shankar is returning to Freddie Mac after a 2013-2019 stint with the government-sponsored enterprise (GSE). During that time, Shankar worked as SVP for single family portfolio management before transitioning to deputy head of investments and capital markets. The GSEs have set aside $4.3

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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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Appraisal Buzz

NOVEMBER 15, 2024

He joined the Covius team in March of 2013 as SVP of Operations. Also in The Week Ahead Harvard Joint Center for Housing Studies: Using AI to Predict and Prevent Homelessness (Monday) Fannie Mae’s Refinance Application-Level Index (RALI) (Tuesday) HUD/U.S.

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Housing Wire

OCTOBER 16, 2023

It contains appraisal-level data from a nationally representative 5% sample of appraisals conducted between 2013 and 2021 and associated with mortgages acquired by Fannie Mae and Freddie Mac. The dataset can be used to, among other things, study housing valuation, housing market disparities and inequities, and consumer preferences.

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Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

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Housing Wire

DECEMBER 15, 2020

How to gain more listing visibility in a shifting housing market. As real estate professionals strategize on how to do business in 2021’s competitive, fast-paced housing market, they’ll discover the need for better tools to market their listings.

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Housing Wire

FEBRUARY 3, 2022

Freddie Mac’s CRT program was founded with its issuance of the first STACR notes in July 2013. It was introduced in November 2013. housing market,” Freddie Mac states in a press release. housing market,” Freddie Mac states in a press release.

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Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. million, we will be in a much better place for housing. This is the unhealthy aspect of housing.

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Housing Wire

MAY 8, 2024

This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. These years have seen the most enormous housing demographic patch ever recorded in history, with ages 28-35 being massive. So inventory slowly broke lower and lower as we came into the years 2020-2024.

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Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. We had a few years where sales missed expectations in 2013, 2014, and 2015. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

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Appraisal Buzz

AUGUST 27, 2024

For example, the “headship rate” of working-age immigrants who arrived from 2013-2017 and had more time to establish themselves was 41% in 2022, while those in the country for 20 years or more had a headship rate higher even than native-born adults, at 50%,” Frost explained. elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-vie

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Appraisal Buzz

JULY 2, 2024

The Federal Housing Finance Agency (FHFA) has published updated aggregate statistics from the National Mortgage Database (NMDB) and launched the NMDB Aggregate Statistics Dashboard —new data visualization tool for the NMDB Outstanding Residential Mortgage Statistics. households is more easily accessible and available to the public.”

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Housing Wire

JANUARY 12, 2022

In 2014, purchase application data on-trend was down 20% year over year because rates had spiked up higher in the second half of 2013. We saw softness in housing toward the second half of 2013 as well. However, the rate of price growth cooled down and days on market grew. What we have currently isn’t a balanced market.

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Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. housing market. The post Can lower mortgage rates stop the housing recession?

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Appraisal Buzz

AUGUST 2, 2024

Commissions have been gradually declining over the past decade, from an average of 2.89% in 2013 to 2.66% in 2023. That’s partly because of the competitive housing market before and during the pandemic—which motivated some sellers to offer a low commission because they knew they could still attract buyers—and greater fee transparency.”

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Housing Wire

NOVEMBER 17, 2023

Founded in 2013, CBC Mortgage Agency’s Chenoa Fund program completed more than 40,000 mortgage transactions since its inception, according to its website. By meaningfully reducing our rate, more borrowers stand a better chance at qualifying,” said Miki Adams , president of CBC Mortgage Agency.

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