Appraisal Buzz

DECEMBER 19, 2024

million in November 2023). month supply in November 2023 but lower than the 4.2-month But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. This is a decrease from 17% in October and 18% in November 2023.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand. As a result, my forecast for 2024 may be too low.

Housing Market 504

Housing Market Marketing Inventory New Listings 504

Appraisal Buzz

JUNE 4, 2024

The Consumer Financial Protection Bureau (CFPB) has issued “ CFPB Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions ,” warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

Contracts 390

Contracts Law Mortgage Legal 390

Housing Wire

FEBRUARY 24, 2025

As rates climbed in 2023 in February, March, April, May all the way up to 7.5%, inventory grew each week pretty quickly. There are fewer immediate sales that go directly into contract. Its a little more than in 2024 or 2023. This week the median price of the new contracts came in at $385,000. Home prices are compressing.

Inventory 495

Inventory New Listings Sellers Contracts 495

Appraisal Buzz

NOVEMBER 27, 2024

NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–rose 2% to 77.4 An index of 100 is equal to the level of contract activity in 2001. from October 2023. from October 2023. in October. Year-over-year, pending transactions jumped 5.4%. from last month to 68.7,

Contracts 418

Contracts Inventory Mortgage Buyers 418

Housing Wire

MAY 2, 2024

In Q4 2023, the company reported a GAAP net loss of $47 million. Reverse servicing increased its profitable contribution with higher gains on loans held for sale, even as volume contracted,” said Sean O’Neill, Ocwen’s chief financial officer. It was driven primarily by improvements in servicing and origination.

Contracts 436

Contracts Mortgage Market Value Technology 436

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. The defining characteristic of 2023 was how few sellers we had. New homes under contract When we look at all the homes in the contract pending stage, we’ve crossed a growth threshold there too, finally.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Appraisal Buzz

JANUARY 17, 2025

of homes that went under contract that month. month-over-month in December to a seasonally adjusted annual rate of 4,317,683the highest level reported since February 2023, and a 6% year-over-year jumpthe largest annual increase since July 2021. of homes went under contract within two weeksthe lowest share in five years.

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Housing Wire

DECEMBER 18, 2024

” Refinance application activity across all loan types decreased 3% week over week, although it was still 41% higher compared to the same week in 2023. MBA data also showed that average contract interest rates across loan types increased during the week. Purchase activity was up 1% during the week. of all applications.

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

MARCH 8, 2025

Purchase application data Last year, when mortgage rates ranged from 6.75% to 7.50%, the weekly data looked like this: 14 negative prints 2 flat prints 2 positive prints There was no year-over-year growth to report when comparing 2024 and 2023. It is important to note that mortgage rates rose to around 6% in late 2022 and early 2023.

Mortgage 443

Mortgage Inventory New Listings Housing Market 443

Housing Wire

NOVEMBER 22, 2024

An index score above 50 indicates market expansion, while a score below 50 indicates contraction. But the share of flipped homes sold for less than $300,000 increased from Q3 2023. Investors in Texas (49%) and Florida (38%) reported lower sales prices compared to 2023.

Investors 433

Investors Mortgage Property Taxes Inventory 433

Housing Wire

OCTOBER 22, 2024

New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022. in 2023, but starts for attached properties rose by 3.2% For-sale inventory of single-family homes is up 33% from a year ago.

Sellers 468

Sellers Mortgage Marketing Construction 468

Housing Wire

OCTOBER 30, 2024

The fintech was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract. The request was pending, but the license was suspended in July.

Landlords 448

Landlords Loan Officers Lending Contracts 448

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. Home prices ticked up this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

FEBRUARY 23, 2025

If we were experiencing the worst mortgage spreads of 2023, mortgage rates would be 0.77% higher today. Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into current trends in housing demand. We are still showing higher growth versus 2023 levels, but not by much.

Government 467

Government Mortgage Inventory New Listings 467

Housing Wire

NOVEMBER 21, 2024

million in October 2023). We can track demand faster with our weekly pending contract prints, so it shouldn’t have been a surprise that we had some growth in today’s report. from September to a seasonally adjusted annual rate of 3.96 million in October. Year-over-year, sales progressed 2.9% (up from 3.85

Mortgage 493

Mortgage Housing Market Inventory Contracts 493

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. The inventory peak came a month earlier than in 2023. That’s because in the fourth quarter 2023, the market was grinding to a halt. We counted 63,000 new contracts started for single-family homes this week. There are 29.8%

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

JANUARY 27, 2025

Now were noticing some signals in the data that national home prices could turn negative this spring, showing year-over-year home-price declines for the first time since early 2023. In 2023, the spring slope was much less steep. In 2023, this number was 33.9%. By January 2023, price cuts were still elevated.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

NOVEMBER 18, 2024

When we add back in another 7,500 new listings with immediate sales — those are already in contract and not added to the active inventory — overall that’s just 3% more sellers than a year ago. Frankly, it feels like the housing market is contracting a bit now in November.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

JANUARY 6, 2025

In 2023, that average was just under 44,000 per week. These are new listings that take offers within a couple days of listing and go into contract immediately. There are 260,000 single-family homes in contract right now. Home prices finished the year up about 4% over the end of 2023. And, those that are immediate sales.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

MARCH 24, 2025

In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5% The company defined privately listed sales as those that were marketed privately and were evidently only submitted to the MLS once a purchase contract was in place.

Sellers 501

Sellers Real Estate Agents Realtors 501

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. The price-cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

Inventory 511

Inventory New Listings Retail Mortgage 511

Housing Wire

DECEMBER 30, 2024

NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. is the highest level for the PHSI since February 2023, according to NAR. compared to November 2023. The report found that pending home sales jumped 2.2% month over month and 6.9% year over year.

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

Real Estate 459

Real Estate Real Estate Agent Tools Agents 459

Housing Wire

FEBRUARY 2, 2024

In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. million net income in 2023, down from $475.5 billion in unpaid principal balance (UPB) in 2023, down 9% year over year. million in Q4 2023, compared to a pretax income of $101.2

Technology 435

Technology Legal Mortgage Contracts 435

Appraisal Buzz

FEBRUARY 24, 2025

While refinancing demand surged briefly when rates dipped, it quickly contracted again following another rate spike in October 2024. by September, marking a decline of 120 basis points from the same period in 2023. Only 12% of mortgage holders have loans with rates of 6% or higher, many of which were originated in 2023 and 2024.

Contracts 374

Contracts Mortgage Appraisal 374

Housing Wire

JANUARY 12, 2024

As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). Wells Fargo, for example, shrunk its mortgage business dramatically in 2023, per filings with the Securities and Exchange Commission (SEC). billion in 2023. billion from $4.2

Mortgage 475

Mortgage Lending Retail Business 475

Appraisal Buzz

NOVEMBER 22, 2024

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. Conversely, the subsequent contraction of inventory in June was mirrored by a diminished sales volume. of responding specialists agreed.

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. million in 2023, compared to a $457.6 In 2023, a year marked by lower volume throughout the market, loanDepot’s revenues decreased 22% to $974 million. billion in 2023. million in Q4 2023, compared to $25.4

Legal 448

Legal Contracts Marketing Mortgage 448

Housing Wire

NOVEMBER 18, 2024

Additionally, the Times reported that Goldberg’s contract entitled him to things like memberships to exclusive country clubs, first-class airfare for personal travel, expensive car allowances, money for his dog to travel with him and even tickets to “Hamilton” at the height of the musical’s popularity.

Real Estate Agent 370

Real Estate Agent Law Realtors Real Estate 370

Housing Wire

DECEMBER 11, 2024

Although purchase applications fell 4% from the previous week, they were still 4% higher than the same week in 2023. MBA’s report also examined the average contract interest rates for several loan types. Still, the increase in refinance demand caused the purchase share of mortgage applications to sink. share a week prior.

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

FEBRUARY 26, 2025

Add new telecom to capitalize on data trends According to a wireless industry survey, Americans used 36% more wireless data in 2023 than in 2022 , and almost double the [link] volume of data used in 2021. This trend isnt slowing down.

Real Estate 355

Real Estate Landlords Contracts Technology 355

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 448

Contracts Real Estate Investing Mortgage 448

Housing Wire

FEBRUARY 10, 2025

Sellers reemerged slightly and the line went positive in November 2023. Unsold new listings ramped up There were 54,000 new listings unsold in the first week of February, including another 10,000 immediate sales that are already in contract. Of the 64,000 total sellers this week, almost 10,000 are already under contract.

Sellers 360

Sellers Inventory New Listings Contracts 360

Appraisal Buzz

JANUARY 31, 2025

home listing that went under contract stayed on the market for 54 days, which is the longest period since March 2020 and one week longer than it was at this time last year. The largest drop since September 2023 was recorded in pending home sales, which fell 9.4% year-over-year. annuallysales are slow. Median asking price $407,225 5.2%

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

DECEMBER 16, 2024

Almost every market in the country has more homes available now than at the end of 2023. Home sales Meanwhile, there were 47,000 new contracts started for single-family home sales in the last week. This month is averaging 50,000 new contracts pending each week, which is actually 10% more home sales than last year.

Inventory 418

Inventory Housing Market Marketing Sellers 418

Housing Wire

MARCH 31, 2025

There are 358,000 single-family homes in contract right now, and they are priced only 50 basis points above last year at this time. That pace slowed dramatically in 2022 and turned negative in January 2023. As demand recovered a bit in 2023, we moved into two years where home sales were down, but home prices were up.

New Listings 438

New Listings Inventory Housing Market Sellers 438