Housing Wire

AUGUST 6, 2024

At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year conventional loan rate averaged 6.8% — a new low point for 2024 that was just below the 6.83% figure to start the year. in early May.

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Mortgage Government Tools Lending 491

Appraisal Buzz

NOVEMBER 26, 2024

Based on information from 10 million properties, roughly 36 million quotation requests, and external quoting engines, the research provides predictions for 2025 as well as insights into the key trends of 2024. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

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Housing Wire

NOVEMBER 1, 2024

Congratulations to the 2024 Tech Trendsetter honorees! Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading innovation for their clients in these industries.

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Technology Realty Real Estate Development 385

Housing Wire

DECEMBER 27, 2024

Rates, rates and rates Peter Sciandra Mortgage rates were by far the most-cited challenge among the pool of industry professionals who spoke with HousingWire s Reverse Mortgage Daily (RMD) about the challenges of 2024. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp.

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Housing Wire

DECEMBER 27, 2024

A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% the first drop in three months, per Redfin’s data.

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New Listings Sellers Marketing Housing Market 361

Housing Wire

DECEMBER 7, 2024

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. The year-over-year inventory growth is the best housing story for 2024. Weekly inventory change (Nov. Weekly inventory change (Nov.

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New Listings Inventory Contracts Housing Market 488

Appraisal Buzz

DECEMBER 5, 2024

Down payment shares peaked early this year, in Q2 2024 versus the normal Q3 trend, according to Realtor.coms bi-annual down payment report. Nationwide, down payments in Q3 of 2024 averaged 14.5% with a median down payment of $30,300, down from Q2 2024s historical peak of 14.9% and $32,700. pp), Vermont (1.1

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Inventory Buyers Mortgage Appraisal 397

Housing Wire

DECEMBER 21, 2024

Therefore, Id like to conclude that 2024 ended the year slightly positively. Mortgage spreads The unsung hero of the housing market in 2024 has been the improvement in mortgage spreads. My home price forecast for 2024 was a growth rate of 2.33%, but it appears that this estimate may be too low. Weekly inventory change (Dec.

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Housing Market Marketing Inventory New Listings 430

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Although 66% of buyers with agents in 2024 had their commissions covered by sellers, this is no longer required. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

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Real Estate Sellers Buyers Renovations 417

Appraisal Buzz

OCTOBER 31, 2024

remain unoccupied, according to ATTOM ‘s fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. from Q3 of 2024. In Q4 of 2024, roughly 7,100 of such pre-foreclosure properties remain unoccupied as zombie foreclosures, or pre-foreclosure properties that the owners have abandoned. from 7,007 in Q3 of 2024.

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Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. percentage points from the second quarter of 2024; Life company portfolios (60 or more days delinquent): 0.46%, an increase of 0.03

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Housing Wire

DECEMBER 19, 2024

This scenario isnt new, most forecasters got the mortgage trends for 2024 wrong too. At the time, most mortgage market observers expected that rates had reached their peak and would generally decline in 2024, stabilizing at perhaps 6% or lower by now. And yet at the end of 2024, thats exactly where rates are.

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Mortgage Housing Market Marketing Realtors 450

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021.

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Inventory New Listings Contracts Mortgage 520

Housing Wire

SEPTEMBER 28, 2024

2024: 362,620 2023: 340,526 2022: 380,823 Purchase application data Even as mortgage rates ticked up just a smidge this week, the winning streak of consecutive positive purchase apps continues with five weeks of gains. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023.

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Mortgage Inventory New Listings Contracts 504

Housing Wire

NOVEMBER 30, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% The recent decrease in mortgage rates can be attributed to dynamics in the bond market and the current sentiment among bond traders. We’ll see if we get a repeat this year.

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Housing Wire

NOVEMBER 23, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% This week was relatively calm for mortgage rates as the 10-year yield continues to hold steady at a critical level, which ranges from 4.40% to 4.50%. Weekly inventory change (Nov.

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Mortgage Inventory New Listings Contracts 485

Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. in 2024 and 2% in 2025. in 2024 and 1.9% in 2024 and 1.9% in 2024 and 3.6% They’re now projecting gross domestic product (GDP) growth to fall from 3.2%

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Sellers Mortgage Buyers Business 510

Housing Wire

SEPTEMBER 15, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% Mortgage rates are at their lows for 2024 and are not that far from the very bottom forecast I had for 2024 at 5.75%. More detail on that is here.

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Mortgage Inventory New Listings Retail 516

Appraisal Buzz

DECEMBER 23, 2024

Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housing markets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordability.

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Housing Market Investors Buyers Home Value 370

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. So 2024 is a positive year for inventory growth, as higher rates did their job. However, 2024 is still an improvement over 2023, which was the lowest new listing data ever recorded.

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Inventory Mortgage New Listings Contracts 505

Housing Wire

SEPTEMBER 7, 2024

Let’s take a look at 2024 and see how much lower we can go. 10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% The 10-year yield between 4.25%-3.21% Considering my forecast, we are getting closer to the downside limits on mortgage rates. Weekly inventory change (Aug.

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Mortgage Inventory New Listings Marketing 524

Appraisal Buzz

OCTOBER 21, 2024

million in property damage has already occurred in 2024, with Oregon and Texas emerging as the hardest-hit states. Texas experienced the most damage during the broader 2023-2024 winter season, accounting for 36% of total damage, or $87.2 Ninety-one deaths have been attributed to winter weather so far in 2024. Of the $61.8

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Insurance Appraisal 393

Housing Wire

AUGUST 4, 2024

As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 17 negative prints and two flat prints. Can mortgage rates go even lower?

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Mortgage Inventory New Listings Housing Market 496

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. 2024 is the second-lowest new listing year recorded in history.

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Inventory Mortgage New Listings Housing Market 503

Appraisal Buzz

OCTOBER 24, 2024

The number of foreclosures increased dramatically beginning in June 2023, reaching a peak of 752 in May 2024 before leveling off at 695 in the most current data released by ATTOM in September 2024. This current spike points to either a resurgence of financial strain or a shift in the fundamentals of commercial real estate.

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Appraisal Buzz

DECEMBER 6, 2024

According to the Q4 2024 Fannie Mae Home Price Expectations Survey (HPES) , following an average expectation for national home price growth of 5.2% in 2024, a panel of more than 100 housing experts forecasts home price growth to decelerate to 3.8% for 2024, 3.1% for 2024, 3.1% in 2025 and 3.6% for 2025, and 3.3%

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Inventory Home Value Design Mortgage 396

Appraisal Buzz

SEPTEMBER 19, 2024

ATTOM has released its second-quarter 2024 U.S. Those transactions represented 7.5%, or one of every 13 home sales, nationwide during the months of April through June 2024. during Q1 of 2024. during Q1 of 2024. Metro areas were included if they had a population of 200,000 or more and at least 50 home flips in Q2 of 2024.

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Renovations Investors Property Taxes Investing 433

Housing Wire

OCTOBER 5, 2024

Mortgage rates had already reached the bottom of my 2024 forecast so the risk of rates going higher was a legitimate concern. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023. This explains the rise in mortgage rates since the Fed cut rates. Weekly inventory change (Sept.

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Mortgage Inventory New Listings Retail 480

Appraisal Buzz

OCTOBER 4, 2024

According to data provided by Epiq AACER , the 6,067 total Commercial Chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36% increase over the 4,561 filed during the same period in 2023. “As All chapters increased in September 2024 compared to September 2023.

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Supply Chain Business Legal Technology 417

Appraisal Buzz

SEPTEMBER 11, 2024

CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for July 2024. On a month-over-month basis, home prices decreased by 0.01% in July 2024 compared with June 2024. metros from July 2023 to July 2024 reveals that Miami again posted the highest gains, coming in at 9.1% year over year in July.

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Marketing Housing Market Buyers Mortgage 445

Housing Wire

DECEMBER 14, 2024

Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024. This is the weekly pending sales for last week over the previous few years: 2024: 304,034 2023: 275,022 2022: 277,102 Purchase application data The weekly data on purchase applications showed a week-to-week decline of 4%.

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Mortgage Inventory New Listings Contracts 418

Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion at the end of Q2 2024. trillion at the end of Q2 2024. trillion in equity over the past year. On a quarterly basis, the number of homes with negative equity fell by 4.2%

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Insurance Mortgage Housing Market Finance 501

Appraisal Buzz

DECEMBER 2, 2024

New multifamily construction projects started in the last two years have hit the market in 2024, with a greater supply of units helping to soften rents and bring renters some relief,” said Danielle Hale, Chief Economist at Realtor.com. Rental units include apartments, as well as private rentals (condos, townhomes, single-family homes).

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Advertising Construction Marketing Appraisal 365

Appraisal Buzz

DECEMBER 6, 2024

The report , which includes government-sponsored enterprise (GSE) mortgage data for manufactured homes, reveals that between 2000 and 2024, manufactured homes appreciated at nearly identical rates to site-built homes, growing approximately 5% annually. and 209.6%, respectively. These states accounted for 32.2%

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Appraisal Buzz

DECEMBER 19, 2024

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. In November, 25% of transactions were cash sales, compared to 27% in October 2024 and November 2023. increase from $387,800 a year earlier.

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Inventory Realtors Buyers Contracts 382

Appraisal Buzz

NOVEMBER 25, 2024

in Q3, according to ATTOM ‘s third-quarter 2024 U.S. However, the growth in business for lenders was considerably below a rise in the spring of 2024, and even though home-mortgage rates fell by about 6% for a 30-year fixed loan by the end of Q3 2024, total mortgages were still nearly two-thirds lower than their peak in 2021.

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Lending Mortgage Buyers Real Estate 397

Housing Wire

DECEMBER 19, 2024

million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021. The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. year-over-year increase, its the fifth consecutive month of declines from the 2024 peak of $426,900 in June. While thats a 4.7%

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Inventory Realtors Housing Market Real Estate 368