Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% The post Fannie Mae reduces projected 2022 GDP to 1.3% percentage points lower than its previous forecast. from March and 8.6%

Contracts 448

Contracts Mortgage Construction Development 448

Appraisal Buzz

JULY 5, 2024

property/casualty insurers show that underwriting losses in 2023 resembled those in a challenging 2022. percent in 2022 to 101.6 Homeowners and auto insurance performed particularly poorly: in both 2022 and 2023, loss ratios exceeded levels not seen in more than 20 prior years. percent in 2022. percent in 2023.

Insurance 195

Insurance Supply Chain Contracts Investing 195

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. An index of 100 is equal to the level of contract activity in 2001. “We After six consecutive months of declines, the Pending Home Sales Index rose 2.5% month over month in December to a reading of 76.9, according to data released Friday by the National Association of Realtors (NAR).

Contracts 448

Contracts Realtors Mortgage Buyers 448

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Demand will continue to be strong into 2022. Home prices will remain high into 2022. Will the market continue its streak of strong growth, or are we finally about to see a slow down?

Housing Market 543

Housing Market Marketing Inventory Sellers 543

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. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 524

Mortgage Inventory New Listings Contracts 524

Housing Wire

AUGUST 5, 2022

Looking ahead, we expect gain-on-sale margins to stabilize in the second half of this year, assuming excess capacity continues to contract, thereby driving more favorable pricing dynamics over time,” Terry Schmidt, Guild’s president, told analysts. But it went down 30% from the first half of 2021 to the first half of 2022, to $412.7

Retail 397

Retail Contracts Mortgage Inventory 397

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Experts expect home price growth to moderate in 2022, but the lessons learned over the past two years are sure to change the industry in the long term. of homes are valued lower than the contract price. More Remote Contact.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

JANUARY 29, 2024

The lawsuit states that Atlantic Trust signed a wholesale broker agreement with UWM in January 2018 but agreed to amend the contract to add the “All-In Initiative” in December 2022. Therefore, we will follow the agreed upon contract and win damages.” UWM on Thursday when filed a lawsuit in a U.S.

Contracts 468

Contracts Loan Officers Lending Retail 468

Appraisal Buzz

MAY 26, 2022

Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reports. Each of the four regions registered a drop in year-over-year contract activity. The post Pending Home Sales Decrease Nearly 4 Percent in April 2022 appeared first on Appraisal Buzz.

Contracts 195

Contracts Realtors Appraisal 195

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. These are the homes that got listed for sale and took offers and went into contract within just a few days of listing. The big change in rates was 2022.

Inventory 475

Inventory New Listings Sellers Contracts 475

Housing Wire

MAY 28, 2024

You can also see the light red line from 2022 when rates were first skyrocketing. Inventory in 2022 was building much more quickly than it is now. There were 72,000 new listings unsold and another 18,000 listings that are already under contract (i.e., Pending sales There are 404,000 single-family homes in contract now.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

OCTOBER 21, 2024

This occurred when Ginnie Mae eliminated bankrupt lender Reverse Mortgage Funding (RMF) from its HECM-backed Securities ( HMBS ) program and assumed control of the former lender’s servicing portfolio in December 2022. The contract that satisfies the statute is the Guaranty Agreement between RMF and GNMA.

Contracts 444

Contracts Law Mortgage Legal 444

Housing Wire

OCTOBER 19, 2024

We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Oct 11-Oct.

Inventory 522

Inventory New Listings Mortgage Contracts 522

Housing Wire

OCTOBER 21, 2024

Pending home sales up There were 60,000 single-family homes which took offers and went into contract this week across the country. That’s 9% more than last year and in fact 11% more sales contracts started than the same week in October 2022. Overall, there are 358,000 single-family homes in contract.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. Soaring mortgage rates stifle buyer demand There are only 319,000 single-family homes in the contract- pending stage.

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Pending sales make a surprising jump Here’s the surprising data point that stands out: Each week, we’re seeing more new contracts started than last year at this time. We had 52,000 new pending sales this week.

New Listings 508

New Listings Contracts Inventory Housing Market 508

Housing Wire

MARCH 25, 2024

We can measure home sales in real time by tracking all the homes that moved to contract pending status this week. They’ll spend 30 or 40 days in contract and the sales will mostly close in April or May. There were 67,000 new contracts for single family homes this week compared to only 62,000 in the same week last year.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile. Finally back to growth.

Contracts 448

Contracts Inventory Housing Market Mortgage 448

Housing Wire

JULY 6, 2024

In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. 2022 marked a unique time for homebuilders. Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Subcontractor Delays.

Marketing 493

Marketing Contracts Supply Chain Project Management 493

Housing Wire

JANUARY 2, 2024

We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. That’s fewer than last week of course it’s the holidays, but it’s almost 5% more than where we ended 2022. There are now 258,000 single family homes in contract. more homes in contract now than a year ago.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Housing Wire

MAY 13, 2024

Remember that, back in 2022, as mortgage rates were rising quickly, so too was inventory. By mid-May 2022, inventory had overtaken the level of the year prior and we were moving out of the COVID-19 pandemic. Pending sales The total count of homes under contract is just barely above that of May 2023. Home sales peak in June.

New Listings 498

New Listings Contracts Inventory Sellers 498

Housing Wire

JULY 13, 2024

However, let’s keep an eye out on this story over the next six months because of what late 2022 and 2023 data has shown us: if the mortgage rates fall and we can get at least two to three months’ worth of positive data, it will show up in the future existing home sales report. have higher inventory data than the national data.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

Contracts 448

Contracts Property Taxes Government Law 448

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. Rates spiked in the autumn of 2022.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 466

Buyers Contracts Agents Realtors 466

Housing Wire

JULY 8, 2024

There were another 16,000 new listings that are already under contract as immediate sales — that’s 87,000 total sellers this week. In the first week of July 2022, there were 90,000 new listings unsold and another 24,000 immediate sales. This week recorded 8% fewer contracts than a year ago. So what do we see now?

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

APRIL 29, 2024

In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Unsold inventory now is almost 32% higher than at this time last year — and it’s 90% higher compared to the end of April 2022. In 2022, sales dwindled in the second half of the year and have yet to recover.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

JUNE 6, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders. Celink assumed control of the HECM servicing contract with HUD in late 2022. It also added Altisource to help manage its HECM portfolio.

Mortgage 445

Mortgage Contracts Investors Investing 445

Housing Wire

MAY 6, 2024

There are now 83% more homes on the market than in May 2022. These are new listings that are already under contract, so they’re not counted in the active inventory. In 2022, however, there were 105,000 single-family homes listed for sale in the first week of May. There were 78,000 new contracts pending for single-family homes.

Inventory 475

Inventory Contracts Sellers New Listings 475

Housing Wire

OCTOBER 18, 2024

The changes come after NYCB, which concluded a merger with Flagstar in December 2022 and acquired some of Signature Bank ‘s assets in March 2023, faced a confidence crisis related to its commercial real estate portfolio. billion in cash for the TPO platform and $356 billion in MSRs, advances and subservicing contracts. Cooper Group.

Contracts 443

Contracts Real Estate Investing Mortgage 443

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. Only 17% of the new listings went immediately into contract this week. Of the 76,000 new listings, 13,000 are already in contract. 17% is significantly fewer than last year at this time or even 2022 when the market was changing so dramatically.

Inventory 516

Inventory Contracts New Listings Sellers 516

Housing Wire

JUNE 22, 2024

Purchase application data When mortgage rates fell more than 1% lower in late 2022 and 2023, we saw a sustained bounce higher in purchase application data, which eventually lead to a higher monthly sales print. This contract data will grow if mortgage rates head lower and stay lower. Mortgage rates didn’t move too much either way.

Mortgage 476

Mortgage Inventory New Listings Contracts 476

Appraisal Buzz

SEPTEMBER 26, 2024

NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6 A PHSI reading of 100 is equal to the level of contract activity in 2001. “A However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.”

Contracts 359

Contracts Buyers Mortgage Realtors 359

Housing Wire

MARCH 27, 2024

.” The selection of Davids as president serves as the culmination of a search for a new leader that began in 2022, according to the foundation. At that time, outgoing president Dave Bunton informed the foundation that he would be retiring at the end of his current contract. Bunton’s contract with the organization expires on Dec.

Appraisal 456

Appraisal Contracts Real Estate Valuation 456

Housing Wire

JUNE 29, 2024

New listings data The seasonal peak period is in, and we don’t even see the extra selling this year that we did in 2022, which was also a normal-looking year. As we can see, 2023 and 2024 data look much different than 2022 data when home sales crashed. This contract data will grow if mortgage rates head lower and stay lower.

New Listings 415

New Listings Inventory Contracts Sellers 415