Housing Wire

OCTOBER 25, 2024

Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. HW : We’re seeing an uptick in ground-up construction. TD: There will be an uptick throughout the rest of 2024 and into 2025 due to a deficit of 5-7 million homes.

Investors 448

Investors Construction Training Realtors 448

Appraisal Buzz

NOVEMBER 26, 2024

Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Conerly’s analysis included interest rates, inflation, and the Federal Reserve’s strategic direction, with insights into consumer behavior, government spending, and construction.

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Real Estate Tenants Insurance Construction 367

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. Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. We will soon find out.

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Construction Modernization Mortgage Housing Market 509

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

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Mortgage Training Construction Investors 301

Housing Wire

JANUARY 27, 2025

Without more clarity on mortgage rates , substantial growth in housing permits is unlikely. We are maintaining a steady level, with the best results appearing when mortgage rates approach 6%. Additionally, there are 268,000 homes currently under construction. Also, the sales for the last three months were revised negatively.

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Construction Inventory Mortgage Development 474

Housing Wire

FEBRUARY 7, 2025

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. This is the reason mortgage rates are around 7% and not around 6% today.

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Marketing Mortgage Government Retail 435

Housing Wire

FEBRUARY 4, 2025

They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. He also pointed to low mortgage rates as another positive for homeowners. Simonsen: Is there any recession risk now and as we look at 2025? But we’ll remain above 6% in 2025.

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Housing Market New Listings Mortgage Construction 364

Housing Wire

JANUARY 10, 2025

The construction sector showed little month-over-month change, adding just 8,000 jobs. Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. The Fed has indicated that inflation is expected to remain a concern in 2025.

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Construction Housing Market Retail Real Estate 395

Appraisal Buzz

FEBRUARY 26, 2025

The drop in new home sales coincides with growing builder pessimism stemming from high mortgage rates and the looming possibility of tariffs on imported construction materials that will drive up costs. Builders face both headwinds and tailwinds as they head into 2025, Kushi says.

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Construction Buyers Appraisal Mortgage 414

Appraisal Buzz

JANUARY 10, 2025

This article originally appeared in the January 2025 edition of MortgagePoint magazine, online now. In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology.

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Architecture Mortgage Technology Modernization 397

Appraisal Buzz

JANUARY 10, 2025

It looks like 2025 could be almost as bleak as 2024 for the housing market, according to a report from First American. The firm predicts that mortgage rates will remain above 6%, home price growth will flatten, and inventory will remain tight for the remainder of this year.

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Inventory Housing Market Construction Mortgage 195

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. A lot of folks were expecting a decline in 2025.

Construction 291

Construction Marketing Investors Renovations 291

Appraisal Buzz

OCTOBER 30, 2024

“Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” said Lawrence Yun, Chief Economist for NAR. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

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Contracts Buyers Inventory Mortgage 418

Housing Wire

NOVEMBER 1, 2024

Mike Fratantoni, chief economist for the Mortgage Bankers Association , noted that while mass layoffs have not occurred, the pace of hiring has slowed in recent months. Construction was another sector that posted gains in October, adding 8,000 jobs. But mortgage rates are influenced by much more than what the Fed does.

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Construction Housing Market Real Estate Mortgage 370

Housing Wire

JANUARY 24, 2025

Current homeowners who are locked into low mortgage rates and are staying in their homes longer are keeping the supply of existing homes low. New construction has not been able to keep up with demand. HousingWires comprehensive 2025 market forecast predicts 4.2 The ongoing lack of inventory was reflected in NARs report.

Inventory 357

Inventory Realtors Construction Housing Market 357

Housing Wire

JANUARY 16, 2025

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. of new construction homes required buyers to pay HOA dues, compared to only 38.2% The company also said that new-construction communities often require less maintenance compared to their older counterparts.

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HOA Property Taxes Construction Buyers 396

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Wolak: Do you see any of this changing in 2025? This interview has been edited for length and clarity.

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Lending Investing Finance Investors 350

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.

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Construction Housing Market Inventory Home Value 418

Appraisal Buzz

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible. But both buyers and sellers should expect unpredictable mortgage rates. Thats the good news.

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Buyers Sellers Home Value Construction 370

Housing Wire

NOVEMBER 11, 2024

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. of the loan amount) compared to the VA’s purchase, construction and cash-out refi options.

Appraisal 361

Appraisal Construction Mortgage Technology 361

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 now forecasts the 30-year fixed rate mortgage rate to average 6.8% and 3%, respectively. in 2024 and 6.4% Credit: Fannie Mae

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Inventory Housing Market Construction Mortgage 468

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 370

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. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. Virgin Islands account for higher construction costs.

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Finance Law Construction Government 370

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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Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. The implementation will occur in phases starting on March 31, 2025. According to the USMI, private mortgage insurers held more than $26.8

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Insurance Mortgage Finance Construction 459

Appraisal Buzz

JANUARY 2, 2025

Prices have risen every month in 2024, even as mortgage rates have remained stubbornly high and as housing affordability has reached an all-time low. Our forecasts suggest that markets in Florida are at most risk of price declines in 2025. Measuring Year-Over-Year Gains, Cities With the Highest Growth The U.S. last month).

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Inventory Buyers Home Value Housing Market 359

Appraisal Buzz

JANUARY 6, 2025

Even with inventory trending upwards, we still expect prices to continue rising in 2025 due to a lack of homes for salepushing more would-be homebuyers to rent instead. The slight improvement in affordability this year is mainly due to the slightly lower average mortgage rate (6.72%), compared to 2023 (6.81%). metropolitan areas.

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Inventory Construction Appraisal Mortgage 431

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%. This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” But now rates are down more than 1.5% from this peak.

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Buyers Marketing Mortgage Real Estate Agent 493

Appraisal Buzz

JANUARY 2, 2025

Monthly mortgage payments have nearly tripled over the past decade, preventing many renters from being able to buy a home, said Redfin Senior Economist Sheharyar Bokhari. Rents spiked during the pandemic, but have stayed relatively flat over the past two years as home prices and mortgage rates continued to climb. a decade earlier.

Construction 418

Construction Mortgage Appraisal Marketing 418

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

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Marketing Lending Retail Mortgage 415

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 284

Appraisal Buzz

MARCH 4, 2025

This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now , and is co-authored by Selena Townsend. The mortgage industry has traditionally been dominated by men, and although we have made laudable progress, women in our space still face challenges in terms of pay equity, bias, and advancement.

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Lending Mortgage Loan Officers Architecture 195

Appraisal Buzz

JANUARY 31, 2025

This is in line with the Mortgage Bankers Association s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income. in November by 0.3% The PAPI is down 0.6% in November to 163.8 in December.

Mortgage 195

Mortgage Construction Development Buyers 195

Appraisal Buzz

JANUARY 28, 2025

Rental affordability will continue improving this year, as wages grow and rents remain flat, thanks to the recent boom in apartment construction, said Sheharyar Bokhari, Senior Economist at Redfin. The affordability gap between renting and buying is likely to widen further in 2025, as home prices rise and mortgage rates remain high.

Construction 352

Construction Appraisal Mortgage Marketing 352

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. Origination volume forecast for 2024 Fannie Mae forecasts the total single-family mortgage originations volume to be $1.98 million in Q4 2023.

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Mortgage Contracts Construction Government 541

Housing Wire

FEBRUARY 20, 2025

Mortgage applications for newly built homes decreased 6% year over year in January 2025, according to a report released Thursday by the Mortgage Bankers Association (MBA). MBA’s Builder Application Survey (BAS) explores mortgage application data on a monthly basis across mortgage subsidiaries of homebuilders.

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Mortgage Construction Marketing 332

Appraisal Buzz

FEBRUARY 24, 2025

This means being able to author accurate, detailed, and relevant reports, make cogent and interesting presentations to groups of professionals of varying levels of experience; and participate in discussions with other appraisal and mortgage lending stakeholders. 2025, Timothy C. Or Google appraisal mentoring services.

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Real Estate Development Appraisal Legal 335