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 493

Mortgage Inventory New Listings Contracts 493

Housing Wire

MAY 2, 2024

parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Ocwen Financial Corp.,

Contracts 292

Contracts Mortgage Market Value Technology 292

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. million units by the fourth quarter of 2024, up from 3.8 trillion in 2024 and $2.44

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

NOVEMBER 30, 2024

Despite initial concerns that tariffs would push mortgage rates up to 8% and reduce housing demand, this week has brought some encouraging news. The 10-year yield has remained stable at a crucial technical level and even reversed direction, resulting in improved mortgage rates. This is what happened in the last two years.

Mortgage 490

Mortgage Inventory New Listings Contracts 490

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 485

New Listings Contracts Inventory Housing Market 485

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. That’s ok — very few people are looking at the data without an agenda.

Mortgage 510

Mortgage Inventory New Listings Retail 510

Housing Wire

SEPTEMBER 7, 2024

Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? Let’s take a look at 2024 and see how much lower we can go. The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed.

Mortgage 518

Mortgage Inventory New Listings Marketing 518

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. Lower mortgage rates are having a positive impact on application levels, with the Mortgage Bankers Association (MBA) reporting last week that applications were up 3.9%

Mortgage 499

Mortgage Real Estate Agent Finance Buyers 499

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? Now, with mortgage rates dropping below that 7.25% level recently, inventory hasn’t been able to hit that growth model once. However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings.

Inventory 499

Inventory Mortgage New Listings Contracts 499

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. However, the new listings data has slightly disappointed me.

New Listings 457

New Listings Inventory Mortgage Sellers 457

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? 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.

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

Housing Wire

DECEMBER 14, 2024

The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.

Mortgage 395

Mortgage Inventory New Listings Contracts 395

Housing Wire

DECEMBER 11, 2023

The second takeaway is the lesson I’ve been sharing lately: Consumers are more sensitive to changes in mortgage rates than to the absolute levels of rates. Last year mortgage interest rates rose by 450 basis points from 3% to 7.5%. It’s a reflection of very high mortgage rates and how quickly rates rose in September and October.

Inventory 441

Inventory Contracts Sellers Real Estate 441

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.

Inventory 492

Inventory Mortgage New Listings Housing Market 492

Appraisal Buzz

DECEMBER 18, 2024

Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Zillow examined housing variables that represent consumer demand in U.S.

Architecture 370

Architecture Home Value New Listings Contracts 370

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. The elephant in the room is affordability. fewer than a week prior.

Housing Market 439

Housing Market Marketing New Listings Inventory 439

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. He was set to hold the role until 2024, the lawsuit says.

Contracts 339

Contracts Loan Officers Legal Best Value 339

Housing Wire

JULY 6, 2024

Weekly housing inventory data While inventory growth this week slowed to 6,803 — well below my weekly target level of 11,000 -17,000 with elevated mortgage rates — the fact that we hit this target level five times this year versus zero last year is a big reason why 2024 has been a much better year for housing than 2023.

Housing Market 440

Housing Market Mortgage Inventory Marketing 440

Housing Wire

JUNE 8, 2024

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation.

Mortgage 474

Mortgage Inventory New Listings Contracts 474

Housing Wire

JUNE 15, 2024

Since May 29, we’ve witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. 10-year yield and mortgage rates After the intense jobs week data , we ran straight into CPI and PPI inflation week, with a Fed meeting thrown in! Once mortgage rates began rising in 2024, some demand was removed.

Mortgage 451

Mortgage Inventory Marketing New Listings 451

Housing Wire

DECEMBER 7, 2024

Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. We also see growth in our pending contract data compared to 2022 and 2023. Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand.

New Listings 483

New Listings Inventory Contracts Housing Market 483

Housing Wire

OCTOBER 5, 2024

18 and mortgage rates and bond yields headed higher. 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. This explains the rise in mortgage rates since the Fed cut rates.

Mortgage 464

Mortgage Inventory New Listings Retail 464

Housing Wire

JANUARY 2, 2025

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Mortgage demand declined 21.9% Mortgage demand had been on the upswing for much of November and December. 27, the MBA reported.

Mortgage 356

Mortgage Retail Contracts Government 356

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 Compared to September 2024, applications increased by 3 percent. The post New Home Purchase Mortgage Apps Jumped Recently first appeared on The MortgagePoint.

Mortgage 370

Mortgage Buyers Contracts Construction 370

Housing Wire

FEBRUARY 15, 2024

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. Still, reverse mortgage professionals are always keeping their eyes peeled, and a group of them shared what they’re looking out for in 2024 for their businesses.

Mortgage 334

Mortgage Clients Business Law 334

Housing Wire

AUGUST 6, 2024

Mortgage rates are dropping fast. Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. Are we past the opportunity for declining mortgage rates to help demand and pick up home sales in 2024? more than a year ago.

Mortgage 441

Mortgage Inventory New Listings Contracts 441

Appraisal Buzz

OCTOBER 17, 2024

According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% The number of applications fell by 6% from August 2024. over the previous year. Census Bureau ‘s New Residential Sales report.

Mortgage 397

Mortgage Contracts Construction Buyers 397

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. For now, we just had back-to-back weeks of positive growth, with mortgage rates still around 7%.

Mortgage 368

Mortgage Inventory New Listings Contracts 368

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. increase between 2024 and 2025 to a pace of 5.35

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

JULY 15, 2024

Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. Maybe we’re finally past the peak of mortgage rates ? real estate market as we’re now in the second half of 2024. There are 382,000 total single-family homes in contract now.

Housing Market 468

Housing Market New Listings Marketing Mortgage 468

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024.

Housing Market 329

Housing Market Marketing Inventory New Listings 329

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. There are now 258,000 single family homes in contract. Sales rates are climbing.

Housing Market 527

Housing Market Marketing Inventory Contracts 527

Housing Wire

NOVEMBER 21, 2024

Traditionally, home prices soften in the second half of the year and I had counted on this for my price forecast , which predicted 2.33% home-price growth for 2024. As part of our tracker, we focus on purchase application data, and I am always looking to see what level of mortgage rates gives us growth in purchase apps.

Mortgage 385

Mortgage Housing Market Inventory Contracts 385

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Purchase mortgage applications are up for five weeks in a row. It seems like mortgage rates are getting closer to 6% are shaking loose a few transactions. Pending home sales climb There are 362,000 single-family homes under contract.

Mortgage 409

Mortgage Contracts Inventory New Listings 409

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. In my 2024 forecast , I put the 10-year yield range between 3.21%-4.25% , with a critical line in the sand at 3.37%. That hasn’t happened.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Experts attribute the drop in pending home sales to mortgage rate volatility. However, these declines occurred when mortgage rates were rising in April and May. million existing homes to be sold in 2024, up from 4.09 The West posted a 1.4%

Inventory 478

Inventory Contracts Realtors Buyers 478

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. New pendings grow As inventory grows and new sellers grow, it was an encouraging week for new contracts too. This week saw 60,000 new contracts started for single family home purchases.

Mortgage 481

Mortgage Inventory Sellers New Listings 481