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 485

Mortgage 485

Appraisal Buzz

DECEMBER 5, 2024

Its noteworthy that the recent surge in immigration occurred in 2022 and 2023, with the Congressional Budget Office estimating that immigration levels rose from an average of 990,000 in 2020 and 2021 to 2.7 Home prices experienced substantial growth in 2020 and 2021, and rents, after a slight decline in 2020, saw a sharp increase in 2021.

Construction 418

Construction Housing Market Marketing Buyers 418

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 458

Marketing Inventory Housing Market Buyers 458

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

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 456

Marketing Investors Real Estate Investing 456

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 494

Marketing Mortgage Transportation Insurance 494

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 465

Property Taxes Insurance Home Value Inventory 465

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 463

Inventory Law New Listings Sellers 463

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 373

Real Estate Appraisal Marketing Housing Market 373

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 445

Marketing Mortgage Transportation Housing Market 445

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 471

Housing Market Marketing Retail Development 471

Appraisal Buzz

JULY 18, 2024

Commercial Foreclosures , revealing a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020, to the current figure of 647 in June 2024. Launching an upward trend In June 2020, the U.S. ATTOM has released its updated monthly report on U.S.

Real Estate 397

Real Estate Marketing Business Appraisal 397

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 393

Mortgage Realty Law Lending 393

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 519

Retail Housing Market Marketing Government 519

Appraisal Buzz

JUNE 10, 2024

In 2020, the same expenses totaled $14,428 per year for a typical single-family home—which equates to $1,202 monthly. The National Association of Realtors reported that the median price of an existing home in March 2020 was $280,700. Bureau of Labor Statistics , cumulative inflation reached 21% between March 2020 and March 2024.

Property Taxes 409

Property Taxes Insurance Home Value Construction 409

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 515

Inventory New Listings Contracts Sellers 515

Housing Wire

JANUARY 3, 2025

The number of policies under the FAIR Plan more than doubled from 2020 to 2024, according to the AP. Fewer options have led more homeowners to the California FAIR Plan, which is designed to be a stopgap measure rather than a permanent solution. The lack of insurance options has also led to many home sales falling through.

Insurance 501

Insurance Modernization Design Realtors 501

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

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 422

Loan Officers Human Resources Contracts Mortgage 422

Housing Wire

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 were 65 and older as of 2020, up from 13% in 2010,” the report reads. years last year, up from 6.5 years in 2005, according to a Redfin analysis of median U.S.

Property Taxes 476

Property Taxes Insurance Construction Inventory 476

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 344

Modernization Legal Lending Finance 344

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 424

Housing Market Inventory Marketing Mortgage 424

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 436

Brokerage Real Estate Agents Real Estate Agent 436

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

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 363

Housing Market Marketing Inventory Clients 363

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 468

Investors Mortgage Marketing Finance 468

Appraisal Buzz

OCTOBER 25, 2024

The town had the second-worst population decline between 2020 and 2023 (-6.6%), which might explain why new building permits between 2022 and 2023 decreased by 22%. The city’s population is falling (down 1% between 2020 and 2023), and new home-building permits decreased 15% in just one year (2022 to 2023). between 2020 and 2023.

Retail 355

Retail Modernization Construction Realtors 355

Appraisal Buzz

DECEMBER 30, 2024

million borrowers since March 2020. According to MBAs estimate, 250,000 homeowners are currently in forbearance plans, as the nations mortgage servicers have provided forbearance to approximately 8.5 The share of Fannie Mae and Freddie Mac (GSE) loans in forbearance increased one basis point from 0.20% to 0.21% in November 2024.

Mortgage 417

Mortgage Government Investors Appraisal 417

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 455

Marketing Mortgage Construction Government 455

Housing Wire

APRIL 1, 2024

The typical homeowner who purchased a median-priced home in January 2020, assuming a 10% down payment and the prevailing 30-year fixed mortgage rate at that time, has received a $208,000 boost in net worth, according to a report from John Burns Research & Consulting.

Investing 426

Investing Buyers Mortgage Housing Market 426

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 422

Marketing Real Estate Agent Investors Tenants 422

Housing Wire

SEPTEMBER 12, 2024

This is nearly $129,000 higher than the average equity level per homeowner recorded at the start of the COVID-19 pandemic in early 2020. CoreLogic chief economist Selma Hepp said in a statement that home-price growth has continued to fuel overall equity gains, with existing homeowners now averaging about $315,000 in equity.

Insurance 502

Insurance Mortgage Housing Market Finance 502

Housing Wire

SEPTEMBER 21, 2023

The simple answer is the same one I have been giving for years, especially after the summer of 2020: We have too many people chasing too few homes. We broke to all-time lows in active listings data in the worst time possible — the years 2020-2024, when home-buying demographics were the best in U.S. All four U.S.

Inventory 506

Inventory Housing Market Mortgage Marketing 506

Housing Wire

SEPTEMBER 23, 2024

Nicole Reed leads the team, which since 2020 has sold more than 300 homes with a total value of $80 million. Nicole Reed Real Estate & Associates is joining Real, bringing an eight-agent team that serves not only Richmond but the Virginia markets of Fredericksburg, Charlottesville and Hampton Roads, in addition to Atlanta.

Brokerage 447

Brokerage Agents Real Estate Finance 447

Appraisal Buzz

OCTOBER 1, 2024

That is still down from 58% a year ago and the second-lowest seasonally adjusted share to be reported in a quarter since mid-2020. The improvement over the preceding quarter—which recorded the weakest absorption rate since the beginning of 2020—might indicate that property owners are drawing in tenants with lower rents and perks.

Tenants 370

Tenants Construction Inventory Appraisal 370

Appraisal Buzz

JUNE 27, 2024

Since the start of the epidemic in 2020, when the housing market all but collapsed, this is the first year that the average home has sold for less than list price during this time of year. That percentage is down from 36% a year ago and is the lowest for any June since 2020. According to a new Redfin study , the average U.S.

Sellers 417

Sellers Buyers New Listings Agents 417