Housing Wire

SEPTEMBER 23, 2024

Peter Nobel was the chief strategy officer and a senior technology adviser at Real from May 2020 to February 2023. Erinn Nobel served as regional growth leader at eXp from 2014 to 2020, and as chief culture officer at Real from 2020 until 2023.

Brokerage 468

Brokerage Real Estate Realty Technology 468

Housing Wire

JULY 23, 2024

The last time unsold inventory posted a four-month supply was May 2020 (4.5 My affordability index model was created for 2020-2024 because this was such a unique period in U.S. Inventory had been slowly decreasing for many years before 2020, so there was a potential for unhealthy home-price growth. Unsold inventory sits at a 4.1-month

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

SEPTEMBER 15, 2024

increase 2020: $510,400 — 5.3% since 2020, mirroring the sharp increase in home prices in the aftermath of the pandemic. Here are the increases in FHFA’s conforming loan limit for one-unit loans for the lower 48 states since 2016. 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase 2019: $484,350 — 6.8%

Mortgage 505

Mortgage 505

Housing Wire

MAY 3, 2024

Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst. Today, we are at 158,286,000.

Marketing 511

Marketing Mortgage Transportation Housing Market 511

Appraisal Buzz

AUGUST 30, 2024

Commercial Foreclosure Report , recently released by ATTOM, indicates that the number of commercial foreclosures has steadily increased over time, rising from a low of 141 in May 2020 to 647 in June 2024. The special report found that in June 2020, the U.S. This pattern shows a steady rise over the course of the time.

Appraisal 435

Appraisal Marketing 435

Housing Wire

JUNE 10, 2024

To compare, in 2020, the average was $14,428 a year, or $1,202 per month. Utah and Idaho, where home prices escalated during the COVID-19 pandemic, had the most significant percentage increase in homeownership costs from 2020 to 2024, at 44% and 39%, respectively.

Property Taxes 518

Property Taxes Insurance Home Value Inventory 518

Housing Wire

MAY 8, 2024

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. What does that mean?

Inventory 518

Inventory Law New Listings Sellers 518

Housing Wire

JUNE 18, 2024

” The case was originally filed in October 2023 when the CFPB claimed that Freedom submitted its 2020 HMDA data to the bureau in early 2021 with “widespread and significant errors.” Freedom reported data on 700,000 closed loans and applications in 2020, originating about 400,000 HMDA-reportable loans.

Mortgage 470

Mortgage Realty Law Lending 470

Housing Wire

MAY 21, 2024

Data from Auction.com , which accounts for close to half of all foreclosure auctions nationwide, shows foreclosure auction volume in the first quarter of 2024 was at 49% of its Q1 2020 level — or 51% below its Q1 2020 level. REO auction volume in Q1 2024 was at just 38% of its Q1 2020 level, according to the Auction.com data.

Marketing 476

Marketing Investors Real Estate Investing 476

Appraisal Buzz

OCTOBER 24, 2024

Historical Commercial Foreclosure Overview The statistics for 2020 clearly shows the influence of COVID-19. Following the implementation of government interventions, moratoriums, and economic assistance initiatives, the number of commercial foreclosures fell to just 144 by April 2020.

Real Estate 397

Real Estate Business Government Appraisal 397

Housing Wire

MARCH 8, 2024

I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. This is the key one for right now : If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000.

Marketing 511

Marketing Mortgage Transportation Insurance 511

Housing Wire

NOVEMBER 1, 2024

The move toward this resolution follows a lengthy court battle dating back to 2020, along with a July decision by the U.S. In October 2020, Townstone moved to have the case dismissed. This amounted to discrimination, the CFPB alleged.

Modernization 396

Modernization Legal Lending Finance 396

Housing Wire

DECEMBER 19, 2024

According to data from the IRS that was analyzed by a local news station, more than 16,000 people moved into the Granite State from 2020 to 2022. Based on the states estimated population growth, nearly 60,000 additional units of housing are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040.

Housing Market 381

Housing Market Marketing Inventory Clients 381

Sacramento Appraisal Blog

OCTOBER 23, 2024

I wonder if we’ve forgotten what the market used to feel like before 2020. The truth is it could easily take twice as long to sell today, but the stats actually feel somewhat normal. Let’s talk about it. UPCOMING […] The post Stop expecting lightning speed in real estate first appeared on Sacramento Appraisal Blog.

Real Estate 374

Real Estate Appraisal Marketing Housing Market 374

Housing Wire

APRIL 18, 2024

According to the lawsuit, McDermott was a “high-performing” LO who received “a significant number of inquiries to work for different mortgage” companies from 2020 to 2022, which she believes “would include substantial and significant signing bonuses.”

Loan Officers 475

Loan Officers Human Resources Contracts Mortgage 475

Appraisal Buzz

OCTOBER 24, 2024

Mortgage origination volumes surged in 2020 and 2021 as a result of the historically low mortgage rates and the quick growth in housing prices. Jumbo loans fell 7 percentage points over a 12-month period to 18 percent in May 2020, the lowest market share since 2012. Since 2014, this is the lowest level.

Mortgage 370

Mortgage Marketing Appraisal 370

Housing Wire

OCTOBER 24, 2024

Foreclosure supply at auctions is now at 44% of the pre-pandemic level in first-quarter 2020, while bank-owned supply is at 37%. Relative to Q1 2020 levels, the states with the highest levels of foreclosure-auction supply were Connecticut, Louisiana, Oklahoma, Alaska and Colorado.

Housing Market 482

Housing Market Marketing Retail Development 482

Housing Wire

MAY 28, 2024

In contrast, Southern cities like Tampa, Phoenix, and Dallas, which excelled in 2020 and 2021, are now growing at a slower pace. “On since 2020. The Northeast posted the biggest annual price gains The Northeast posted the strongest annual price gains, with an 8.3% increase, demonstrating robust growth compared to other regions.

Housing Market 475

Housing Market Inventory Marketing Mortgage 475

Housing Wire

JUNE 10, 2024

Tyrrell has more than 25 years of experience in mortgage, finance and technology, serving as president of ICE Mortgage Technology for three years after ICE bought Ellie Mae in 2020. Tyrrell was in leadership at Ellie Mae for more than 10 years and served as COO before the company was acquired in 2020.

Mortgage 449

Mortgage Client Relationships Technology Clients 449

Housing Wire

MAY 28, 2024

There are more homes on the market now than anytime since August 2020. This number will probably peak at about 700,000 this summer, crossing over 2020 levels at that point. With nearly 600,000 homes on the market, that’s more than at anytime since the start of the COVID-19 pandemic in 2020.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

DECEMBER 8, 2023

I published my COVID-19 recovery model on April 7, 2020, because at that early date the U.S. 9, 2020, setting the stage for the second phase of the expansion to happen, which meant focusing on the labor market recovery. economy had already started to recover. That model worked like a charm and I retired it on Dec.

Retail 531

Retail Housing Market Marketing Government 531

Appraisal Buzz

NOVEMBER 19, 2024

million borrowers since March 2020. While forbearances are still low compared to the height of the pandemic, the monthly increase in forbearances is the largest since May 2020 and likely driven by the effects of Hurricanes Helene and Milton.” According to MBA’s estimate, 235,000 homeowners are in forbearance plans.

Mortgage 393

Mortgage Investors Appraisal Marketing 393

Housing Wire

JUNE 6, 2024

Its has closed $720 million in home sales since 2020. Taylor Real Estate , led by Blake Taylor, has done more than $148 million in business in Texas since 2020, including $29 million in 2023. Journey Real Estate , led by Corey Robinson, has closed home sales of more than $125 million since 2020, including $28 million last year.

Brokerage 459

Brokerage Real Estate Agents Real Estate Agent 459

Housing Wire

APRIL 5, 2024

I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. This is the key one right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which is in line with the job growth rate in February 2020. How did we get here with the labor market? Today, we are at 158,133,000.This

Marketing 501

Marketing Mortgage Construction Government 501

Housing Wire

JUNE 3, 2024

Released late last year, the study examined three core elements of HECM program effectiveness between 2000 and 2020. 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.

Insurance 429

Insurance Development Mortgage 429

Housing Wire

APRIL 12, 2024

Current rates for a 30-year fixed mortgage are about 7% and have more than doubled since hitting a historic low point of 2.85% in December 2020. According to an analysis conducted by Bloomberg on data from the Federal Housing Finance Agency , approximately one-fifth of U.S. For mid-level managers, average relocation expenditures in the U.S.

Mortgage 472

Mortgage Finance Clients 472

Housing Wire

AUGUST 26, 2024

The median home sales price in late July was $412,300, a slight decrease from the previous three months, yet still 28% above the second quarter of 2020, according to data by the Federal Reserve Bank of St. since the beginning of 2020. Currently, more than 44 million U.S. rise over the same period. In 2001,10.9 This number grew to 14.3

Marketing 459

Marketing Real Estate Agent Investors Tenants 459

Real Estate News

DECEMBER 12, 2024

The National Association of Realtors and Department of Justice reached a deal in 2020, and since then have fiercely debated whether the case can be reopened.

Realtors 275

Realtors 275

Housing Wire

MARCH 20, 2024

.” Earlier in March, Fed Chair Jerome Powell emphasized during his semiannual monetary policy testimony that the central bank needed “just a bit more evidence” that inflation was on the right path before implementing its first rate cut since March 2020.

Investors 482

Investors Mortgage Marketing Finance 482

Housing Wire

MAY 16, 2024

assessed three separate elements of the HECM program’s effectiveness from 2000 to 2020 — including borrower impacts, financial impacts and policy impacts. The subsequent housing market crash sharply reduced that number to an average of about 50,000 originations per year from the late 2010s through 2020.

Development 434

Development Appraisal Property Appraisal Insurance 434

Housing Wire

NOVEMBER 24, 2024

While a slowing in rents will be welcome news to renters, increases since 2020 are still at 32%.” “While about one-third of metros showed stronger rent growth than in the previous year, more metros showed decreases in rents than in the prior report.

Luxury Properties 418

Luxury Properties Marketing Housing Market 418

Housing Wire

NOVEMBER 22, 2024

a year earlier and the lowest share since the end of 2020. But it’s more appealing than it was last year, when soaring home prices and borrowing costs put a big damper on demand.” Redfin highlighted that investors purchased 15.9% of all homes sold in Q3 2024, down from 16.2% The highest recorded share of investor-purchased homes was 20.9%

Real Estate 486

Real Estate Investors HOA Housing Market 486

Housing Wire

AUGUST 16, 2024

Refinance activity today is nowhere close to the levels seen during the COVID-era refi boom of 2020 and 2021. But the surge that originators are hoping for might not look the same as in 2020 and 2021, since home prices will present a challenge for buyers.

Business 463

Business Loan Officers Mortgage Buyers 463

Housing Wire

MAY 21, 2024

in 2020, Sebba previously spearheaded the new development marketing divisions at Douglas Elliman and Elegran Real Estate. “I’ll be taking my learnings from my previous role to ensure our mission is clear throughout everything we do here at both SERHANT. The future of SERHANT. Before joining SERHANT.

Business 429

Business Brokerage Development Inventory 429

Appraisal Buzz

AUGUST 29, 2024

On the upside, conditions are uniquely favorable for founders of small businesses, the formation of which has almost doubled since 2020, the researchers noted. Since 2020, monthly new business applications have averaged 129.8 per 100,000 U.S. inhabitants, with Wyoming, Delaware, and Florida reporting the most activity.

Real Estate 418

Real Estate Tenants Business Realtors 418

Housing Wire

MAY 14, 2024

Vikas Rao Before joining Dark Matter Technologies, Rao served as the vice president of product management for Ellie Mae , a mortgage origination technology provider that was bought by Intercontinental Exchange in 2020 for $11 billion.

Technology 448

Technology Development Mortgage 448

Housing Wire

JANUARY 9, 2024

“[The class helped me to] have a better understanding of Medicaid, not just what it covers but the different qualifications,” said former industry professional Steven Sless in an interview with RMD in 2020. “We

Mortgage 518

Mortgage Insurance Finance Clients 518