Housing Wire

OCTOBER 22, 2020

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S. So, let’s take a look at the housing data in 2020 so far.

Housing Market 538

Housing Market Mortgage Buyers Government 538

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? trillion to $1.7 trillion. trillion to $1.7

Buyers 435

Buyers Mortgage Sellers Investing 435

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Buyers 545

Buyers Mortgage Real Estate Housing Market 545

Empire Appraisal Group

AUGUST 22, 2024

2024 Buyers Need to Earn 80% More Than in 2020 Over the past four years, escalating home values and mortgage rates have nearly doubled the monthly mortgage payment on a typical U.S. To comfortably afford a home, prospective buyers need to earn 80% more than they did just four years ago. at the end of January 2020.

Buyers 78

Buyers Home Value Finance Housing Market 78

Housing Wire

APRIL 8, 2021

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6%

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Buyers Mortgage Housing Market Government 521

Housing Wire

JANUARY 22, 2021

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% The COVID crisis of 2020 was responsible for a lot of abnormal metrics in the housing market. We saw hints of this prime housing market period as early as February of 2020.

Housing Market 545

Housing Market Marketing Inventory Realtors 545

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. times potential first-time buyer income) Detroit (2.9)

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Buyers Advertising Inventory Home Value 273

Housing Wire

FEBRUARY 10, 2021

Zillow Group reported fourth quarter 2020 earnings of $789 million on Wednesday, easily beating Wall Street’s estimates. For the year 2020, Zillow posted $343 million in EBIDTA. For 2020, Zillow reported 9.6 from the end of December 2020 to March 2021, and by 10.5% billion visits. through December 2021.

Home Value 418

Home Value Advertising Real Estate Agent Real Estate 418

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. Experts predict sales may increase later this year if mortgage rates gradually fall as projected.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Buyers are really struggling.” But rising prices are not the only financial challenge buyers are having to contend with right now.

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Buyers Marketing Inventory Investors 459

Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

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Housing Market Market Value Marketing Construction 468

Housing Wire

JULY 30, 2024

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers accounting for 64% of the total. Mortgage Insurers (USMI). trillion in mortgages. The vast majority of this total ($1.4

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Insurance Mortgage Finance Buyers 459

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. Lower rates have recently sparked more activity in the mortgage market. year over year.

Mortgage 501

Mortgage Inventory Buyers Sellers 501

Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The big question for the rest of 2020 is whether or not we will get total home sales of 6.2 The February housing data, pre-COVID, was juicy indeed.

Housing Market 543

Housing Market Marketing Construction Buyers 543

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. Now it is a different conversation.

Housing Market 468

Housing Market Buyers Agents Marketing 468

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. overall to $429,990. from July’s levels.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

DECEMBER 14, 2020

For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing. But the 2020 U.S. These strong demographics mean we have a healthy number of replacement buyers in America.

Housing Market 545

Housing Market Government Marketing Mortgage 545

Housing Wire

SEPTEMBER 11, 2024

home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. Mortgage payments are only part of the affordability challenge. Mortgage rates peaked in May 2024 and have slid over 100 basis points since then.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Appraisal Buzz

JULY 23, 2024

In June, the average interest rate on a 30-year mortgage was 6.92%, while the median house sale price increased by 4% year-over-year to a record $442,525. Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. of homes that went under contract. ppts YoY change.

Buyers 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 513

Real Estate Buyers Renovations Open Houses 513

Housing Wire

MAY 13, 2024

In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlier and down 65% from the height of the post-pandemic housing boom in 2021, according to a new report from Redfin.

Mortgage 457

Mortgage Marketing Buyers Investing 457

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic.

Renovations 464

Renovations Marketing Buyers Inventory 464

Housing Wire

FEBRUARY 12, 2024

That’s the most since 2020 — before the pandemic. Immediate sales If sellers are growing we need to know if buyers are growing too. We have more buyers than sellers this time of year so the active inventory of unsold homes ticked down this week. And the spring buying season will have improved selection for home buyers.

Sellers 463

Sellers Housing Market Buyers New Listings 463

Housing Wire

AUGUST 14, 2024

Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. At HousingWire ‘s Mortgage Rates Center , the 30-year conforming loan rate averaged 6.66% on Wednesday. economy showing signs of weakening. That is the slowest pace since March 2021.

Mortgage 497

Mortgage Tools Realtors Sellers 497

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

Mortgage 367

Mortgage Clients Inventory Business 367

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

APRIL 5, 2021

Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020. Buyers who were fortunate enough to snag an available single-family home – new listings are down 46% from a year ago – paid a premium. in February from 5.85% the prior month.

Inventory 511

Inventory Buyers New Listings Mortgage 511

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 468

Mortgage Buyers Agents Real Estate Agent 468

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? We don’t have that variable this year and spreads have improved earlier than I thought, which has helped mortgage pricing.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Appraisal Buzz

SEPTEMBER 24, 2024

The decrease in the median monthly payment was due mainly to falling mortgage rates, which dropped to their lowest level in 20 months in the lead-up to the Fed’s first interest-rate cut since 2020, the firm says. Mortgage applications are rising, but pending home sales have yet to improve. in a release.

Mortgage 195

Mortgage Buyers New Listings Agents 195

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgage 468

Mortgage Sellers New Listings Buyers 468

Housing Wire

FEBRUARY 21, 2024

Mortgage startup Tomo has thrust itself into the “portal wars” arena with the launch of Tomo Real Estate , its new home search site, the company announced this week. The new portal seamlessly integrates with Tomo Mortgage ’s existing purchase mortgage business.

Tools 456

Tools Real Estate Mortgage Buyers 456

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. median monthly mortgage payment in August had declined by more than $100 since peaking in May. Buyers have more options to choose from for two reasons.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. Yes, here’s how and why.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

JUNE 27, 2022

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% A total of 1.46 A total of 1.46 Presented by: Auction.com.

Mortgage 531

Mortgage Renovations Buyers 531

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2% According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2%

Sellers 529

Sellers Mortgage Loan Officers Buyers 529