Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. In 2022, home sales collapsed in a waterfall fashion.

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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

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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Appraisal Buzz

JULY 5, 2024

Cross-Sector Housing Monitor Webinar ” at 10:00 a.m. While the nation’s housing market remains tight, sales are tracking well below housing demand, and rental and homeowner vacancy rates are plummeting to multi-decade lows. The post The Week Ahead: Measuring Housing Market Dynamics appeared first on Appraisal Buzz.

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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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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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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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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 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 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

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

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

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

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

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

OCTOBER 20, 2020

In contrast, multifamily starts fell 16.4%, to one of the slowest monthly paces since 2013, not including this past April.” “The housing market is being constrained by the lack of inventory, with both new and existing homes being sold faster than new listings are arriving.”. .” . “The former rose 8.5%

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Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. BC Era: Before Coronavirus.

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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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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

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

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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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

JANUARY 27, 2021

Previously, Fratantoni had compared the current economic plan to that of 2013’s “tape r tantrum” when former Fed Chairman, Ben Bernanke, announced that the Fed would be reducing the pace of its purchases of Treasury bonds to reduce the amount of money it was feeding into the economy.

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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

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

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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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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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

MAY 12, 2021

trillion in home sales this year, a 17% increase year over year — the largest annual percentage increase since 2013, and a number that, if reached, would be a record high. trillion is roughly equal to France’s 2020 gross domestic product , or the combined market value of Amazon and Facebook. Redfin projected $2.53

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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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Housing Wire

APRIL 28, 2021

For now, the Fed noted the health of the mortgage and housing industry, with Powell citing it as the “strongest housing market that we have seen since the global financial crisis.” ” “I would say that before the pandemic, it was a very different housing market than it was before 2008,” Powell said.

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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

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

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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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

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

JANUARY 5, 2021

Tuesday’s most recent round of funding was led by Insight Venture Partners , who had in 2018 invested $20 million into SimpleNexus, and is no stranger to housing startups. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.

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