Housing Wire

DECEMBER 16, 2024

While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Among the 10 NAR highlights there are common themes existing affordability, lower lock-in effect on mortgages, strong job growth and high migration. Locked-in mortgages have been widely credited with cutting off housing inventory.

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Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. For existing home sales, Zillow forecasts 4.3

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Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. As a result, housing affordability remains a challenge, with buyers spending about 31.1% While these areas generally offer lower home prices than the national average, incomes tend to be lower as well. above the U.S.

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Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. from this peak.

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Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? Home building is expected to increase in 2025.

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Appraisal Buzz

JANUARY 9, 2025

In 2025, Florida and the Mid-Atlantic are the greatest locations for first-time homebuyers to begin their road toward home ownership. Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1%

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Housing Wire

JANUARY 17, 2025

As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. While the Fed recently dropped rates another quarter, they are insisting that rate cuts will be nominal at most moving into 2025.Just Inflation and high rates have created hurdles for many first-time buyers.

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Real Estate Buyers Sellers Marketing 370

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025.

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Housing Market Marketing New Listings Home Value 370

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

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Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. real estate market is marked by contradictions that are leaving many confused. But there’s more to the story.

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Housing Wire

DECEMBER 9, 2024

As we look into 2025, the question everyone is asking is: Do we have a new era starting? The MBAs mortgage applications data has been surprisingly strong. During that time, mortgage rates continually moved lower. We expect that growth to continue in 2025. During this period, there were fewer sellers and many more buyers.

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Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. People with expensive mortgages are more likely to sell their house.

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Mortgage Inventory Finance Sellers 488

Housing Wire

DECEMBER 17, 2024

The median buyer is now 56 years old, up from 49 in 2023. Existing homeowners, leveraging their home equity, can make substantial down payments, giving them a significant edge over first-time buyers who must borrow more at todays higher interest rates. 26, 2025 and hear Daryl Fairweather in person.

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Housing Wire

JANUARY 15, 2025

The year 2025 will be transformative for real estate. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities. For real estate professionals and mortgage lenders , these challenges heighten the risk of deal cancellations and complicate the closing process.

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Insurance Real Estate Marketing Housing Market 369

Appraisal Buzz

DECEMBER 13, 2024

The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. All areas offer a favorable financing environmenteither with lower proportions of locked-in homeowners or lower mortgage rates.

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Housing Wire

JANUARY 7, 2025

housing market was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. According to The Trend Report released Monday by Coldwell Banker s Global Luxury program, the brands luxury property specialists expect more luxury buyers to reenter the market in 2025.

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Housing Market Luxury Properties Marketing Design 334

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. After the hurricanes , we got hit with spiking mortgage rates and then the election.

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Housing Market New Listings Marketing Inventory 448

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement.

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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. by the end of 2025.” in 2025, slight adjustments to their previous forecasts of 6.1% in 2023 to 2.3% in 2024 and 1.9% in 2024 and 1.9%

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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%

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Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” Rates are starting to go down.

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Mortgage Sellers Technology Valuation 417

Appraisal Buzz

OCTOBER 17, 2024

Growth in 2024 and 2025 is now anticipated to be 2.0% This indicates an upside risk to the most recent mortgage rate forecast from the ESR Group, which currently projects that the 30-year mortgage rate will end the year at 6.0%, down from the previous month’s prediction of 6.2%, and would gradually fall to 5.7% growth in 2025.

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Mortgage Marketing Buyers Appraisal 397

Appraisal Buzz

NOVEMBER 5, 2024

election and mortgage rate volatility, the mixed signals around the current state of the U.S. And while the mortgage rate and economic outlook is full of questions, home prices are likely to maintain their leveled path until early next year when buyers return to the housing market.” Besides the uncertainty regarding the U.S.

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Housing Wire

DECEMBER 16, 2024

It created a buyer representation certificate for agents. This service allows homebuyers who work with a Howard Hanna agent and get their mortgage through Howard Hanna Mortgage Services to receive a credit of up to $10,000 (or 0.5% In 2025 and beyond, Hanna said he hopes these innovations lead to more growth.

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Real Estate Brokerage Agents Buyers 370

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.

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Housing Wire

JUNE 18, 2024

Having built and led mortgage operations for nearly three decades, planning for the future stands out amongst the most challenging components a leader faces. Today’s consumer looks a lot like pre-pandemic First, how prepared are mortgage servicers for the next hardship cycle? Our history would indicate yes.

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Mortgage Technology Investors Modernization 447

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. 26, 2025 and hear Daren Blomquist in person.

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Housing Market Retail Marketing Sellers 370

Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. More specifically, 56.1% More specifically, 56.1% Another 37.8%

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Buyers Renovations Housing Market Home Improvement 418

Housing Wire

DECEMBER 30, 2024

Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024.

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Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Bloomberg first reported on the buyers’ names based on anonymous sources. primary mortgage servicer at the end of June, handling $166.7

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Investors Mortgage Business Buyers 476

Appraisal Buzz

JANUARY 8, 2025

during the final two full weeks of 2024, mortgage application volume continued to sink 3.7% during the week ended January 3, as the average rate for a 30-year, fixed-rate mortgage continued to climb to 6.99%, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. After dropping 21.9% the previous week.

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Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. Digital tools played a significant role in simplifying the loan application process for homebuyers.

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Mortgage Loan Officers Tools Technology 459

Housing Wire

JANUARY 20, 2025

Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. Theres signal that the price buyers are paying is declining too.

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Mortgage Inventory New Listings Contracts 396

Housing Wire

NOVEMBER 26, 2024

The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. According to data at HousingWire’s Mortgage Rates Center , the average 30-year conforming rate rose 3 basis points (bps) during the past week to reach 7.02% on Tuesday. Phil Crescenzo Jr., during the month.

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Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. The typical mortgage payment is up 11.3% That has cooled competition for houses.

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Sellers Buyers New Listings Home Value 397

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

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Mortgage Buyers Inventory Technology 482

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

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