Housing Wire

AUGUST 17, 2024

However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings. However, 2024 is still an improvement over 2023, which was the lowest new listing data ever recorded. Still, I would consider the last month of inventory growth healthy.

Inventory 510

Inventory Mortgage New Listings Contracts 510

Housing Wire

NOVEMBER 13, 2024

That’s up 4% from September’s total of 29,668 but down 11% from the October 2023 figure of 34,472. Only filings listed in the Attom data warehouse in Q3 2023 were considered, although the company noted that some filings may come from Q2 2023. Foreclosure Market Report on Tuesday.

Housing Market 440

Housing Market Real Estate Government Mortgage 440

Housing Wire

AUGUST 4, 2024

Mortgage spreads Mortgage spreads were a negative storyline in 2023 as the Silicon Valley Bank collapse and the resulting banking crisis pushed the spreads to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.49% higher right now.

Mortgage 498

Mortgage Inventory New Listings Housing Market 498

Appraisal Buzz

JANUARY 6, 2025

in 2023, but is considerably less affordable than the typical share of 30% or lower recorded throughout the 2010s. from 2023 and 86% from 2019. The slight improvement in affordability this year is mainly due to the slightly lower average mortgage rate (6.72%), compared to 2023 (6.81%). Thats a slight improvement from 42.2%

Inventory 431

Inventory Construction Appraisal Mortgage 431

Housing Wire

OCTOBER 11, 2024

The risk of fraud on purchase transactions of these types was up 5% compared to second-quarter 2023. in 2024 and by 12% in 2023. Fraud cases have jumped by double-digit percentages since mid-2023 in California (+14.6), Connecticut (+10.8%) and Florida (10.2%). in 2024 and 1.9% That shift did not occur this year.

Mortgage 477

Mortgage Lending Insurance Real Estate 477

Housing Wire

NOVEMBER 23, 2024

However, the 10-year yield has managed to maintain its position, and the downtrend observed in the charts since the 10-year yield was at 5% in 2023 is still in place. Mortgage spreads The mortgage spread situation has shown improvement in 2024, in contrast to its negative performance in 2023.

Mortgage 488

Mortgage Inventory New Listings Contracts 488

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. But, we observed an improvement in our weekly pending contract data and even today, despite elevated rates, the trend remains better than what we experienced in 2023 and most of 2024. 2022: 42% The week ahead: Inflation week!

New Listings 498

New Listings Inventory Contracts Housing Market 498

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.48% higher right now.

Mortgage 499

Mortgage New Listings Inventory Contracts 499

Housing Wire

OCTOBER 5, 2024

But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. The Federal Reserve cut rates by 0.50% on Sept.

Mortgage 482

Mortgage Inventory New Listings Retail 482

Housing Wire

JULY 20, 2024

The labor market has allowed mortgage rates to stay higher for longer and with the inventory growth this year, I feel much better about rates falling than I did in 2022 or 2023. 2024: 382,435 2023: 378,227 2022: 418,983 Purchase application data With all weekly housing data, we always see a holiday impact in the data in purchase apps.

Inventory 521

Inventory New Listings Contracts Mortgage 521

Housing Wire

SEPTEMBER 22, 2024

Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. If we took the worst spreads from 2023 and incorporated those today, mortgage rates would be 0.68% higher. The price cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

Mortgage 497

Mortgage Inventory New Listings Contracts 497

Housing Wire

NOVEMBER 30, 2024

However, the recent peak in the 10-year yield was around 5% in 2023, and the downtrend from that level is intact for now. Mortgage spreads The mortgage spread situation has improved in 2024, especially compared to the tough times in 2023. If spreads had remained as high as in 2023, mortgage rates today would be about 0.60% higher.

Mortgage 503

Mortgage Inventory New Listings Contracts 503

Appraisal Buzz

JANUARY 14, 2025

from 2023 to 2024, according to CoreLogics latest research , and have risen 27.4% rise in property taxes from 2023 to 2024 and a staggering 52.9% from 2023 to 2024 and 51.5% Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. since 2019.

Property Taxes 435

Property Taxes Government Mortgage Buyers 435

Housing Wire

JANUARY 16, 2025

The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. The share of listings with HOA fees rose from 2023, when 39.2% Also, the median monthly fee rose over the past year, increasing from $110 in 2023 to $125 in 2024. The report only considered listings if they had an HOA fee.

HOA 302

HOA Property Taxes Construction Buyers 302

Housing Wire

DECEMBER 21, 2024

In May 2023, the annualized decline bottomed out at a hefty 13.2%. Year-over-year inventory growth in Austin tripled and quadrupled for much of 2023. in April 2023. It topped out in April 2023 at 189.7%, slightly besting San Antonios 188% year-over-year rise in May 2023.

Housing Market 393

Housing Market Inventory Marketing Technology 393

Appraisal Buzz

OCTOBER 24, 2024

An examination of CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a discernible drop in both dollar quantities and market share in 2023 and 2024. Jumbo loan volumes plummeted 61% and conforming loan volumes fell 67% from their peak in 2021 to 2023. Since 2014, this is the lowest level.

Mortgage 370

Mortgage Marketing Appraisal 370

Housing Wire

JULY 27, 2024

My only concern is that the new listings data does not show consistent growth levels over 2023 so this is something I will keep track of for the rest of the year. Purchase application data tends to look out 30-90 days and the only time we saw any real growth in purchase apps was at the end of 2022 and 2023 when rates fell more than 1%.

New Listings 476

New Listings Inventory Mortgage Sellers 476

Housing Wire

JUNE 27, 2024

Additionally, the trade group predicts that the median sales price will jump to an all-time high of $405,300 in 2024, compared to $389,900 in 2023. million in 2023 , and for housing starts to fall to 1.382 million, down from 1.413 million in 2023. With this in mind, NAR is forecasting a total of 4.26

Inventory 493

Inventory Contracts Realtors Buyers 493

Appraisal Buzz

JANUARY 16, 2025

In Onbes Winter 2023 Property Management Payouts Survey , 82% of tenants said receiving their security deposit refund digitally would be an improvement over their most recent refund experience. Given the national average tenant turnover rate of 44% in 2023, the savings from switching to digital refunds will add up fast.

Tenants 397

Tenants Property Management Landlords Modernization 397

Appraisal Buzz

DECEMBER 26, 2024

The foreclosure pre-sale inventory rate was about 0.34%, down about 2.09% compared with October and down nearly 16% compared with November 2023. There were about 21,000 foreclosure starts in November down nearly 30% compared with October and down nearly 30% compared with November 2023.

Mortgage 395

Mortgage Inventory Technology Appraisal 395

Housing Wire

JANUARY 4, 2025

For some time now, its been showing positive growth versus both 2022 and 2023 data, and, in the first few days of 2025, versus 2024 data as well. In late 2022 and 2023 when rates fell over 1%, we saw a boost in demand by roughly 500,000. We have a slight single-digit increase in demand year over year.

New Listings 492

New Listings Inventory Contracts Mortgage 492

Housing Wire

OCTOBER 26, 2024

We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. We are now showing growth versus 2023 and 2022 data in this data line, but context is critical.

Inventory 494

Inventory Sellers New Listings Mortgage 494

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). Their actual AHP awards in 2023 were approximately $91.7 million — or about 26% — above that amount.

Development 409

Development Finance Investing Mortgage 409

Housing Wire

OCTOBER 21, 2024

Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6 A report in August from Redfin showed that 2023 migration patterns weren’t interrupted by climate change. million built in total in that period, the First Street analysis found.”

Insurance 448

Insurance Real Estate Agent Construction Development 448

Appraisal Buzz

DECEMBER 5, 2024

During the pandemic, when rents and home prices surged, foreign-born householders contributed to 25% of household growth from 2019 to 2023, indicating that native-born households were the primary drivers of increased housing demand during this period. million in 2023. million in 2023. million in 2022 and 3.3

Construction 418

Construction Housing Market Marketing Buyers 418

Housing Wire

DECEMBER 19, 2024

Census Bureau shows that more than 90,000 people moved from New York to Florida in 2021 and 2022, but this number fell to about 71,00 in 2023. The number of Californians migrating to Arizona (-26.8%), Colorado (-21.3%), Idaho (-35.5%) and Utah (-15.1%) dropped precipitously from 2022 to 2023.

Inventory 462

Inventory Valuation Housing Market Marketing 462

Appraisal Buzz

JANUARY 16, 2025

properties in 2024, down 10% from 2023, down 1% from 2022, and down 35% from 2019, before the pandemic shook up the market. housing units, down slightly from 0.25% in 2023, and down from 0.36% in 2019, and down from a peak of 2.23% in 2010. Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 million in 2010.

Lending 379

Lending Investors Housing Market Marketing 379

Housing Wire

SEPTEMBER 15, 2024

If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.58% higher right now. 2024: 65,162 2023: 61,162 2022: 63,034 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. Weekly inventory change (Sept.

Mortgage 517

Mortgage Inventory New Listings Retail 517

Housing Wire

DECEMBER 8, 2024

But CoreLogic noted that negative equity actually declined by 3% from Q3 2023. billion higher than in Q3 2023. Conversely, positive homeowner equity increased by $425 billion since Q3 2023. CoreLogic attributes the Aloha State’s equity decline to a catastrophic wildfire in 2023. That’s up $4.3 On average, U.S.

Insurance 333

Insurance Mortgage Buyers 333

Appraisal Buzz

OCTOBER 30, 2024

from September 2023 to 65.6, from September 2023 to 64.0, compared to September 2023. After two years of sluggish home sales in 2023 and 2024, existing-home sales are forecasted to rise to 4.47 Pending Home Sales Regional Breakdown The Northeast PHSI increased 3.3% from the previous month. the same as the year before.

Contracts 418

Contracts Buyers Inventory Mortgage 418

Appraisal Buzz

OCTOBER 21, 2024

Texas experienced the most damage during the broader 2023-2024 winter season, accounting for 36% of total damage, or $87.2 Texas: The Most Impacted Over the 2023-24 Winter Season Looking more broadly at the 2023-2024 winter season, Texas experienced $87.2 Key Findings Winter weather has already caused an estimated $61.8

Insurance 393

Insurance Appraisal 393

Housing Wire

DECEMBER 30, 2024

Its hard to measure precisely with the holidays, but 32,000 is 33% more than hit the market in the 52nd week of the year in 2023. Thats 4.25% more than where we ended 2023. The red lines are 2024 and 2023, which had very few home sales, that thats just starting to increase. Each line is a year.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

DECEMBER 20, 2024

In February 2023, the FHA announced a 30 basis-point reduction in the annual premium charged to borrowers. The cut resulted in an annual premium of 55 bps for most borrowers, down from 85 bps.This represented yearly savings of $800 for roughly 850,000 homebuyers and homeowners in 2023. As of Sept.

Insurance 395

Insurance Mortgage Property Taxes Design 395

Appraisal Buzz

DECEMBER 30, 2024

in Novemberthe fourth consecutive month of such increases and the highest level since February 2023. from November 2023. from November 2023. A new report from the National Association of Realtors (NAR) has found that pending home sales gained 2.2% Year-over-year, contract signings increased in all four U.S. in November, up 1.6%

Contracts 435

Contracts Inventory Buyers Sellers 435

Appraisal Buzz

JANUARY 2, 2025

Nearly one in six (17%) renters had lived in the same property between five and nine years in 2023, compared to 14.4% At the other end of the age spectrum, more than half of Gen Z renters (52.4%) had lived in their home for less than a year in 2023, the highest share among the generations. of renters moved in 12 months or less in 2023.

Construction 418

Construction Mortgage Appraisal Marketing 418

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

JANUARY 17, 2025

percent)* below the December 2023 rate of 1,568,000. percent below the December 2023 rate of 1,530,000. This is 15.8 percent (14.4 percent) above the revised November estimate of 1,294,000, but is 4.4 percent (11.3 percent below the revised November rate of 1,493,000 and is 3.1

Mortgage 404

Mortgage Housing Market Construction Marketing 404