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 493

Mortgage Housing Market Inventory Contracts 493

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week. Mortgage pricing should be down a tad today, he said. This would be a clear headwind to any further rate cuts.

Mortgage 484

Mortgage Contracts Buyers Housing Market 484

Housing Wire

MARCH 8, 2025

Mortgage rates are declining, and recent purchase application data shows a promising 9% week-to-week increase and a 2% rise compared to the previous year. I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand.

Mortgage 451

Mortgage Inventory New Listings Housing Market 451

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 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Those sales gains have evaporated and even reversed.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction.

Investors 434

Investors Mortgage Property Taxes Inventory 434

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 23, 2025

If this happens, will we see lower mortgage rates this spring? However, last week saw a decline in mortgage rates due to softer economic data, which led to an influx of money into the bond market as stocks sold off on Friday. If we were experiencing the worst mortgage spreads of 2023, mortgage rates would be 0.77% higher today.

Government 468

Government Mortgage Inventory New Listings 468

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 396

Mortgage Contracts Construction Buyers 396

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

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

JANUARY 15, 2025

With an adjustment for the New Year’s holiday, mortgage applications increased 33.3% from one week earlier, according to the Mortgage Bankers Association s (MBA) weekly mortgage applications survey, released today. The share of refinance mortgage activity increased to 42.7% Bond yields in the U.S. from 16.2%

Mortgage 370

Mortgage Contracts Marketing 370

Housing Wire

FEBRUARY 24, 2025

Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. Mortgage rates now are lower than they were a year ago. This year its 2%.

Inventory 495

Inventory New Listings Sellers Contracts 495

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 29, 2025

The Market Composite Index, a measure of mortgage loan application volume, decreased 2.0% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Associations (MBA) latest weekly mortgage applications survey. The refinance share of mortgage activity decreased to 37.1%

Mortgage 332

Mortgage Contracts Government Inventory 332

Housing Wire

FEBRUARY 5, 2025

Mortgage applications increased 2.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association s (MBA) weekly mortgage applications survey for the week ending January 31, 2025. The refinance share of mortgage activity increased to 39.0% of total applications compared to 37.1%

Contracts 361

Contracts Mortgage Government Marketing 361

Housing Wire

FEBRUARY 12, 2025

Mortgage applications increased 2.3% The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week. The refinance share of mortgage activity increased to 40.2% on a seasonally adjusted basis in the latest MBA survey. of total applications from 39.0%

Mortgage 300

Mortgage Contracts Marketing 300

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. The homes that went under contract took 43 days to do so the slowest pace since 2019.

Inventory 488

Inventory Sellers Housing Market Contracts 488

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 438

Contracts Mortgage Market Value Technology 438

Housing Wire

OCTOBER 28, 2024

Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. Let’s take a look at the data for the end of October 2024. This year’s mortgage rate moves are smaller than last years.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

JANUARY 6, 2025

At the same time, mortgage rates jumped back over 7%. For the four December weeks in 2024, there were just 44,000 new pending home sales on average for single-family homes. What were trying to track are what the real-time signals are telling us about homebuyers and 7% mortgage rates. And, those that are immediate sales.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. By 2024, her home was valued at $425,000.

Business 349

Business Mortgage Contracts Law 349

Housing Wire

OCTOBER 13, 2024

Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss. Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Still, at least we saw growth in 2024.

Inventory 511

Inventory New Listings Retail Mortgage 511

Housing Wire

MARCH 17, 2025

As mortgage rates rose, homebuyer demand slowed and inventory grew. In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions.

Inventory 428

Inventory New Listings Housing Market Sellers 428

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. year over year.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

MARCH 3, 2025

The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. This is after Q4 2024 was 5% above the year prior. Thats a pretty notable swing.

New Listings 374

New Listings Inventory Contracts Sellers 374

Housing Wire

MARCH 31, 2025

Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. 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.

New Listings 450

New Listings Inventory Housing Market Sellers 450

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. In November, 25% of transactions were cash sales, compared to 27% in October 2024 and November 2023. At the end of November, there were 1.33

Inventory 396

Inventory Realtors Buyers Contracts 396

Appraisal Buzz

JANUARY 17, 2025

Homebuyer demand dipped at the end of the year as mortgage rates continued to climb. After inching downward at the beginning of the month, mortgage rates reversed course halfway through December and have been rising sincein part because the Federal Reserve projected fewer 2025 interest-rate cuts than anticipated. a year earlier.

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Appraisal Buzz

FEBRUARY 24, 2025

After hitting a two-year high in September 2024, mortgage refinance activity is once again slowing as interest rates remain elevated. While refinancing demand surged briefly when rates dipped, it quickly contracted again following another rate spike in October 2024. trillion in the first 10 months of the year.

Contracts 374

Contracts Mortgage Appraisal 374

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

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Last year was weak as mortgage rates were hitting 8%. Let’s take a look at the data as we’re already in November 2024. The unsold supply of homes on the market has now passed its peak for 2024. The market is different now.

Inventory 396

Inventory New Listings Sellers Contracts 396

Appraisal Buzz

JANUARY 2, 2025

Due to higher mortgage rates and seasonal patterns, mortgage application volume decreased 21.9% on an adjusted basis during the two weeks ended December 27, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. As of December 27, the refinance share of mortgage activity had decreased to 39.4%

Mortgage 195

Mortgage Contracts Appraisal 195

Housing Wire

FEBRUARY 3, 2025

Looking backward at the housing market , we can see sales prices are not appreciating compared to 2024. That trend is likely to continue until mortgage prices come back down. Home prices contract The median price for home sales contracts entered this week was at $389,700. By early 2020, mortgage rates were pretty low.

Sellers 413

Sellers Inventory New Listings Contracts 413

Housing Wire

MARCH 21, 2025

Housing market forecasters projected home prices to rise in 2025 because of limited inventory and the release of pent-up demand as mortgage rates moderate off their highs of the last few years. Total sales contracts pending are currently down 3.5% compared to 2024, and for most of the year theyve lagged behind last years pace.

Inventory 411

Inventory Contracts Housing Market Marketing 411

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

Mortgage 335

Mortgage Government Development Business 335