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The historical data on commercial foreclosure activity from January 2014 to September 2024 shows notable oscillations that were mostly influenced by the state of the economy and noteworthy occurrences such as the COVID-19 epidemic.
Stockberger: In 2014, I noticed a major hole in our business. Since then, we’ve been the highest-producing team in our state, and we’ve been lucky enough to keep on growing and serving in the Sioux Falls, South Dakota , area. For the amount of clients we were serving, we weren’t getting that repeat and referral business.
Glenn McConnell, who served as the state’s lieutenant governor between 2012 and 2014, warned the state Legislature during his final months in office that South Carolina needed better preparation for an influx of retirees.
The following are the main conclusions of the CFPBs report: Borrowers gave pay off other bills or debts as the most common reason for cash-out refinancing: More than half of cash-out borrowers who participated in the National Survey of Mortgage Originations between 2014 and 2019 chose paying off other bills or debts. Refis, Debts & Loans.
Year-over-year price index data further highlighted that since 2014, manufactured homes have consistently appreciated at higher rates than site-built homes in all but two quarters. Data Indicates Regional Trends and Limitations The report acknowledges the role of geographic distribution in manufactured housing trends.
Real estate marketplace Redfin released a report on Tuesday that included county-level sale records for homes purchased between January 2014 and December 2024. That was the highest volume dating back to 2014. In total, 700,445 homes in 2024 were purchased with cash, which is down from 760,914 in 2023. According to Redfin, 32.6%
LL Funds also served as one of Poplar’s investors since the company’s debut in 2014, according to Evernest. The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners.
Since 2014, this is the lowest level. Jumbo loan volumes plummeted 61% and conforming loan volumes fell 67% from their peak in 2021 to 2023. The volume of jumbo loans originated in 2024 decreased by 56% from 2022 and 2% from 2023 from January to July of each year.
Zhang and Li founded the company in 2014 and have focused on growth in Los Angeles and Orange counties. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. Since its founding, Harvest has closed 5,210 transactions for $6.8 billion in 2024 alone.
Dwiggins: Since we started the company back in 2014, we were always looking to try and be a little bit different from the rest of the industry, in the sense of it wasn’t about having tons of agents. To start the conversation, Dwiggins explains what sets NextHome apart from other real estate franchises.
But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. With the massive housing inflation since 2020 and higher mortgage rates, we are back to familiar territory with existing home sales and purchase application data: we are back to 2014 levels.
The office made the first such recommendation in 2014, and soon after made another one less than a year later , with the strategic goal to improve the integrity of HUDs single-family insurance programs and because of residency issues identified in prior audits of the HECM program.
Licensed since 2007 and a broker associate since 2014, Khosrowabadi has set sales records in cities across Silicon Valley, including San Jose, Los Gatos, Saratoga, Willow Glen and Campbell.
Geortzen joined United Wholesale Mortgage in 2014 and eventually rose to director of sales. As a second-generation American with Mexican and German roots who has a passion for the mortgage broker community, I know how critical it is to have a lender that truly understands the unique obstacles these families face.
One would have to look to 2014 to find lower monthly volume,” New View stated in its commentary accompanying the February data. Looking back When asked to compare the low-issuance figures from 2014 with the current market, Kelly referred RMD to its blog post that detailed HMBS results for April 2014.
The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022. ” Lindsay’s career spans decades, starting with a role as a founding partner at Cobalt Mortgage.
Ben Bernanke, the former chair of the Federal Reserve, the central bank of the United States, who served from 2006 to 2014, was tasked with responding to the massive impact of the crisis. Then, in October 2014, the Fed finally indicated an official end to its third quantitative easing program. That is, until March 2020.
In 2014, it sold its mortgage data firm Interthinx to First American in 2014 for $155 million. It also said a regional bank in the MidWest tracked $200,000 in revenue on recaptured loans directly attributed to Activate, and said it improved direct mail response rates for its clients. year-to-date.
Court of Appeals for the Eleventh Circuit ruled that most of the watchdog’s complaints against Ocwen that occurred from January 2014 to Feb. 26, 2017, are prohibited because of a 2014 consent order. On Wednesday, the U.S. The CFPB did not immediately respond to a request for comment.
Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014. Meanwhile, Deborah Ronayne was an agent with Keller Williams from roughly November 2002 to September 2014.
The bureau first filed its complaint against Consumer First Legal Group, The Mortgage Law Group LLP and the four attorneys on July 22, 2014, as part of “a coordinated effort against various foreclosure relief scam operations by the CFPB, Federal Trade Commission (FTC), and 15 states in 2014,” the bureau said.
In 2013-2014, rates rose, and you see the lower trend in sales back then. 2022 is looking to be the first actual negative year-over-year purchase application year since 2014. We are between what we saw in 2018 — with a mild response to higher rates — and 2014, where the reaction was much more severe.
census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.
2014: What they said: Housing would crash because purchase application data was down 20% year over year; adjusting to the population, it was the lowest ever. As you can see here with the NAR total inventory data, total inventory has been falling since 2014, but with a bump in demand, we had the potential to break under 1.52
metropolitan areas going back through 2014. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%. For their findings, Redfin analyzed county-level home purchase records across 40 of the most populous U.S.
Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. They’re mindful of higher rates because in 2013, 2014 and 2015 they had to deal with a miss in sales expectations.
He also cited Keller Williams’ referral network as one of the reasons that drew him back to the brokerage, where he worked from 2014 to 2019 in various roles. Debbie Bradley, regional operations manager of Northern California and Hawaii for Keller Williams, warmly welcomed Leung to the brokerage.
The data shows a positive growth trend since the lows in 2014, but looking at the two trajectories, there is no comparison. First, purchase applications in the data should be skyrocketing as they did during the 2002-2005 ill-considered, home-buying extravaganza.
The last time we had a negative year-over-year decline in purchase applications was in 2014. When the housing market isn’t doing great, purchase application data shows negative year-over-year data for the entire year. That year purchase applications were the lowest ever when adjusted to the population. Join today with an HW+ Membership !
In 2013/2014, when the economic data was improving, mortgage rates rose. As a result of the increase in rates, demand for housing fell in 2014. The new home sales market had an epic miss from sales estimates in 2014. For a while in 2014, purchase applications data were trending down 20%, year over year.
The last time this data line was fragile was back in 2013-2014. Mortgage rates shot over 4% quickly, and it created a negative year-over-year trend in 2013-2014. The 2014 data showed a 20% year-over-year decline trend and sales fell that year. 2014 was the very last year total housing inventory grew in America.
ATTOM’s latest commercial foreclosure activity analysis also noted that Since January 2014, ATTOM has been analyzing data during a period marked by the nation’s emergence from economic uncertainty, starting with 740 commercial foreclosures nationwide.
census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014. With so many borrowers jumping at the chance of a record-low rate, home prices are responding to the demand. The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S.
The last time we had a consistent downtrend in existing home sales was back in 2013-2014. During that same period, the MBA purchase application data were down 20% year over year on-trend in 2014. First, we’ve been there before, so we know what to look for, and second, it’s not that complicated. Keep this scenario in mind for 2021.
Messer succeeds Tim Wilson, who has been in the position since 2014. Originally formed as a joint venture between Long & Foster Companies and Wells Fargo Ventures , Prosperity became a wholly owned subsidiary of Long & Foster in 2014. Prosperity’s sales volume dropped to $10.2 billion in 2021, according to Modex.
Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. Marc King will continue to serve as President of Keller Williams. He left the company in 2016.
Compass Realty Pro was founded in 2014 by Mark Higgins, who will join ERA Prime Real Estate Group as a managing broker. ERA Prime, which was founded in 2017 by Willie Ray III, currently has offices in Farmington and Grand Blanc, Michigan. In addition to real estate brokerage services , the firm also offers mortgage and title services.
last month, the lowest since March 2014, indicating stricter requirements to get loans. Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7%
A big theme of my work here at HousingWire has been to show you that since 2014 purchase application data has been rising just as total inventory has been slowly moving lower. 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.
Erinn Nobel served as regional growth leader at eXp from 2014 to 2020, and as chief culture officer at Real from 2020 until 2023. Peter Nobel was the chief strategy officer and a senior technology adviser at Real from May 2020 to February 2023. Prior to that, he spent nearly five years as eXp Realty’s COO and vice president of technology.
This is common in recent history, which has happened before in 2013/2014 and 2018/2019. We are already below 2008 levels today — not that far off the 21st century low of 2014. However, we can see a clear demand-weakness trend in 2014 and 2022. #NAREHS pic.twitter.com/BrRmnVkBjN — NAR Research (@NAR_Research) July 20, 2022.
His appointment coincides with owner Bill Harney shedding the CEO title, which he has held since October 2014. Childers previously served as KCM’s president for almost two years. Before that, he was the vice president of content and marketing. KCM can be best described as a real estate insights provider.
rise in total value compared to June 2023 and 120% higher than in June 2014. That’s according to a new report from Redfin , which shows that housing has added $3.1 trillion in value over the past year, bringing its total value to $49.6 That’s a 6.6%
Founded in 2014, The Real Brokerage serves 49 states, D.C., In a statement, Farris said joining Real would give he and his team “a larger stage” and the company’s profit sharing program would provide new opportunities. and four Canadian provinces with more than 12,000 agents. The fast-growing brokerage posted a $3.97
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