Housing Wire

JULY 23, 2024

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Fannie also forecasts refi volumes to grow to $563 billion in 2025 as home prices continue to rise and mortgage rates fall.

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Inventory Housing Market Construction Mortgage 468

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. Regular adjustment of loan limits ensures that FHA financing continues to be available in all markets to all those who rely on our programs to access homeownership.”

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Finance Law Construction Government 370

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. We will soon find out. percent (10.6 percent (11.7

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Construction Modernization Mortgage Housing Market 426

Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. Notably, by the end of December, the combined metro areas of Dallas and Austin are predicted to welcome about 10% of all newly constructed apartments countrywide. For the third consecutive year, the U.S. This is according to a new study from RentCaf e.

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Construction Development Business Marketing 397

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. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Others are taking a more nuanced approach to the increase.

Mortgage 397

Mortgage Lending Retail Finance 397

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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Inventory Bracketing Buyers Housing Market 243

Housing Wire

SEPTEMBER 18, 2024

Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. monthly and 6.2% annually to a rate of 333,000 starts. month over month and 5.2%

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Marketing Construction Development Housing Market 488

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.

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Buyers Marketing Mortgage Real Estate Agent 493

Appraisal Buzz

DECEMBER 16, 2024

As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. In 2025, economists predict that the average mortgage rate will continue to be higher than 6%.

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Inventory Construction Housing Market Mortgage 240

Housing Wire

FEBRUARY 23, 2024

housing market. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024. trillion. “An

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Housing Market Marketing Retail Mortgage 488

Housing Wire

JANUARY 26, 2024

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. According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal.

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Contracts Housing Market Construction Inventory 482

Appraisal Buzz

DECEMBER 11, 2024

is Realtor.coms Top Housing Market for 2025 , a list of the top 100 housing markets that are forecast to see increased sales in the coming year. Rounding out the top 10 markets are Miami-Fort Lauderdale-Pompano Beach, Fla.; These are markets that are primed and ready for growth in the year ahead, the firm says.

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Housing Market Marketing Buyers Design 195

Appraisal Buzz

DECEMBER 2, 2024

Realtor.com notes that new rental properties coming onto the market are expected to put continued downward pressure on rents next year. While we expect fewer multifamily homes to be finished in 2025, we still anticipate enough to increase supply, which will keep downward pressure on rents.” in the South, 8.6% in the West, 5.0%

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Advertising Construction Marketing Appraisal 365

Appraisal Buzz

DECEMBER 11, 2024

While the rental market has remained essentially flat over the past two years, rents have started to tick down slightly in recent months, thanks in part to the record number of new apartments that have been completed this year. Renters in areas where construction has boomed are in a sweet spot right now. since November 2021.

Construction 372

Construction Appraisal Marketing 372

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

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Tools Law Government Construction 475

Appraisal Buzz

OCTOBER 30, 2024

Pending house sales are a good indicator of market conditions and typically follow existing home sales by one to two months. According to the Realtor.com and WSJ Housing Market Ranking, homebuyers have focused on mid-sized, reasonably priced regions in the Midwest and Northeast, even if housing prices are still high.

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Contracts Buyers Inventory Mortgage 418

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. There were a record number of apartments delivered in many markets last year, but builders appear to be pulling back to avoid a glut of supply. Data from the U.S. Census Bureau and the U.S.

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Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

AUGUST 21, 2024

Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ million sales in 2025 (down from 5.26 trillion, while our outlook for 2025 was revised upward slightly to $2.2

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Mortgage Construction Inventory Housing Market 476

Housing Wire

SEPTEMBER 4, 2024

The only viable solution to these problems, as other municipal leaders and housing industry experts have previously suggested, is the construction of more homes. More work on zoning will be performed in 2025. Like many major metropolitan areas across the country, Portland is facing a housing shortage as well as an affordability crisis.

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Construction Development Law Finance 447

Housing Wire

AUGUST 22, 2024

The implementation will occur in phases starting on March 31, 2025. The requirement guidance states that, “Effective March 31, 2025, approved insurers must hold risk-based required asset amounts in accordance with the standard non-performing loan requirements of PMIERs for any insured loans still subject to COVID-19 forbearance plans.”

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Insurance Mortgage Finance Construction 459

Appraisal Buzz

SEPTEMBER 5, 2024

The panelists also shared that they think speeding up construction permitting processes, increasing density around transit corridors, and allowing more “missing middle’-type housing are the local and state policy reforms likeliest to increase housing production. elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.eleme

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Construction Inventory Housing Market Contracts 459

Housing Wire

NOVEMBER 1, 2024

“This continues a theme we have seen in recent months, where the labor market is not seeing large layoffs but instead an ongoing reduction in job openings and a reluctance by employers to add workers,” Fratantoni said. Construction was another sector that posted gains in October, adding 8,000 jobs.

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Construction Housing Market Real Estate Mortgage 370

Housing Wire

SEPTEMBER 5, 2024

in 2025, according to a quarterly survey of housing experts conducted by government-sponsored enterprise (GSE) Fannie Mae. home-price growth is predicted to finish this year at 4.7% before slowing to 3.1% million homes,” he said. “We’ve We’ve previously estimated the shortfall to be more than 4 million.”

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Construction Design Government Real Estate 459

Housing Wire

AUGUST 14, 2024

It makes sense for the Federal Open Market Committee to cut interest rates in September, given that inflation is mainly tied to housing costs and housing costs are being driven by high mortgage rates. When excluding housing costs from the CPI, annual inflation has averaged only 1.7% since May 2023. year over year in July. The CPI rose 0.2%

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Inventory Construction Mortgage Buyers 459

Housing Wire

JANUARY 19, 2024

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. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. million in Q4 2023.

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

DECEMBER 18, 2024

The company has an aggressive marketing goal to reach the No. Citis previous use of the URL was to redirect to learning center content within the home lending pages on the Citi domain, according to Head of Mortgage Marketing at Citi, Chip Burgard. Market share and brand authority Why launch this site now?

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Marketing Lending Retail Mortgage 301

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time. But still, there are about 300,000 fewer homes on the market now than in August of 2019. When demand slows, inventory grows.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Builders improved outlook is likely due to the beginning of the Fed’s easing cycle and expectations of lower interest rates in 2025.” Census Bureau and the U.S. below the September 2023 rate of 1,363,000.

Construction 418

Construction Housing Market Inventory Home Value 418

Appraisal Buzz

JUNE 21, 2024

Additionally, the labor market is showing signs of a gradual slowdown, with the unemployment rate creeping up to 4% in the June report.” According to the report, homebuilders have sufficient margins to make concessions to move inventory, even in markets with increasing existing home inventories compared to the past.

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Inventory Construction Finance Development 397

Appraisal Buzz

AUGUST 21, 2024

According to the Fannie Mae Economic and Strategic Research (ESR) Group’s August 2024 commentary , total home sales are predicted to be lower than previously predicted through the end of 2024 and then not significantly increase until later in 2025, even with the recent decline in mortgage rates. million in 2025. million in 2024 and 5.19

Mortgage 396

Mortgage Construction Inventory Marketing 396

Appraisal Buzz

JUNE 5, 2024

This slow cooling reflects not only an increase in the quantity of properties on the market in some regions of the country, but also increased 30-year fixed-rate mortgages, which remain over 7%, a major contributor to America’s ongoing housing affordability challenges. in April 2025. CoreLogic’s forecast shows annual U.S.

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HOA Insurance Construction Inventory 370

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1% Fed officials expect interest rates to be at 5.1%

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

Housing Wire

JUNE 7, 2024

The BLS jobs report shows the honey badger labor market woke up and once again chose violence this morning. The quits ratio, my key data line to show whether the labor market is tight, is back to pre-COVID-19 levels. Based on what the Fed tracks, we are no longer in a tight labor market. So far, that hasn’t happened yet.

Mortgage 504

Mortgage Marketing Construction Government 504

Housing Wire

SEPTEMBER 17, 2024

Market observers, including several economists, have taken note of the recently rising optimism for a larger rate cut. However, the lead up to this meeting is proving to be curious,“ Emily Overton, a capital markets analyst for Veterans United Home Loans , said in a statement. We could very well see 50 bps as the first cut.

Mortgage 459

Mortgage Housing Market Construction Tools 459

Appraisal Buzz

JUNE 11, 2024

The report suggests that this could possibly complicate the Fed’s policy decisions and also underlines the need for increased home construction, particularly in those locations where a lack of rental supply is leading to rising costs. In the Northeast, Pittsburgh (+2.4%) and New York (+2.2%) were among the markets that increased.

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Construction Marketing Government Appraisal 396

Appraisal Buzz

SEPTEMBER 13, 2024

housing markets, demographics, and housing policy. However, some housing advocates fear that these initiatives will redirect resources away from lower-income households with the greatest need. A Senior Research Associate, Hermann focuses his work on projects related to U.S.

Housing Market 365

Housing Market Construction Government Marketing 365

Housing Wire

OCTOBER 23, 2023

In fact, loanDepot recently showed the market that it’s considering acquisitions by appointing industry veteran Dan Hanson as executive director of enterprise partnerships and acquisitions. Amid a shrinking market, Vision 2025 was extended into 2026 and beyond, Martell said. By the way, some of that is book [losses].

Technology 448

Technology Loan Officers Retail Marketing 448