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 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. increase between 2024 and 2025 to a pace of 5.35 increase between 2024 and 2025 to a pace of 5.35 in November.

Contracts 478

Contracts Housing Market Construction Inventory 478

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Has the spring home-buying season already begun?

New Listings 492

New Listings Inventory Contracts Mortgage 492

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025. In 2023, NAR raised dues from $150 to $156. represent themselves 2.

Realtors 320

Realtors Finance Agents Legal 320

Housing Wire

DECEMBER 28, 2024

Now, as we look ahead to 2025, the market is in a much better position if mortgage rates fall toward 6%, something that wasnt the case before. 2023: 35% 2022: 38% Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into real-time trends in housing demand.

Inventory 506

Inventory Housing Market Marketing New Listings 506

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. million in 2025. Per the report, every U.S. region had decreases over the previous year. Pending transactions were down 6.6%

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

JANUARY 6, 2025

Thats not true now, so we should expect inventory to begin building for the year in February 2025. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. Since theres no sign of mortgage rates falling substantially, we expect inventory to keep climbing throughout 2025.

Inventory 384

Inventory New Listings Contracts Sellers 384

Housing Wire

DECEMBER 30, 2024

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. The homes that went under contract took 43 days to do so the slowest pace since 2019. ” According to the report, 54.5%

Inventory 425

Inventory Sellers Housing Market Contracts 425

Housing Wire

JANUARY 13, 2025

This is the trend that will be the theme for 2025. Were expecting inventory to grow for 2025 and end the year with about 15% more homes on the market. If mortgage rates stay in the 7s for long, we expect inventory to grow faster, and well have to revise our 2025 inventory forecast higher. That means 4.2

Sellers 331

Sellers Inventory New Listings Contracts 331

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% A PHSI reading of 100 is equal to the level of contract activity in 2001. regions, with the West leading the pack. in November. a year earlier.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

DECEMBER 30, 2024

NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. ” In a statement, Bright MLS chief economist Lisa Sturtevant forecasted a jump in sales activity in early 2025. million in 2025. The report found that pending home sales jumped 2.2%

Inventory 383

Inventory Buyers Housing Market Mortgage 383

Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge. Across the real estate industry, growth is a common goal for 2025.

Legal 299

Legal Brokerage Real Estate Agents 299

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 493

Inventory Contracts Realtors Buyers 493

Appraisal Buzz

DECEMBER 19, 2024

But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. Homes with November closings generally went under contract in September and October, when shoppers benefited from an uptick in newly-listed for-sale homes.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

OCTOBER 21, 2024

GNMA and TCB signed no contract explicitly acknowledging GNMA’s rights in the tails,” the judge wrote, later adding that “a contract providing for the power to extinguish did exist. The contract that satisfies the statute is the Guaranty Agreement between RMF and GNMA.

Contracts 368

Contracts Law Mortgage Legal 368

Housing Wire

NOVEMBER 21, 2024

We can track demand faster with our weekly pending contract prints, so it shouldn’t have been a surprise that we had some growth in today’s report. This is something to think about for 2025. Home prices firming up with higher inventory and mortgage rates just getting toward 6% is a lesson learned in 2024 for 2025.

Mortgage 411

Mortgage Housing Market Inventory Contracts 411

Housing Wire

DECEMBER 19, 2023

Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. Contracts growing We continue to see the new contracts grow each week: There were 7.7% more new contracts started this week than the same week a year ago.

Sellers 456

Sellers Marketing Inventory Contracts 456

Housing Wire

MAY 22, 2024

Join us at The Gathering 2025 in Denver, CO, June 8-11. And more importantly, if you haven’t moved on or committed to contracts that are too rooted in the past, chances are your P&L statement isn’t looking so great. Go here to lock in special pricing with your registration. Nobody’s talking about that anymore.

Contracts 357

Contracts Technology Mortgage 357

Housing Wire

JULY 23, 2024

trillion in origination volume in 2025, up from a projected $1.70 The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. in 2024 and to 6.4%

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

NOVEMBER 25, 2024

When we released the HousingWire 2025 forecast paper earlier this month, we discussed how we assume continued inventory growth in 2025, but at a slower pace of appreciation than we saw this year. The 2025 lines will trend higher, even closer to the old normal levels. million home sales in 2025 up from 4 million in 2024.

New Listings 333

New Listings Inventory Sellers Contracts 333

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 306

Mortgage Inventory New Listings Contracts 306

Appraisal Buzz

JANUARY 17, 2025

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. of homes that went under contract that month. a year earlier. Thats up from 43 days a year earlier.

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Housing Wire

JANUARY 15, 2025

10, 2025, is a stark difference from last week’s applications , which reflected a seasonal lull following Christmas. The average contract interest rate for 5/1 ARMs also saw an increase, inching up to 6.18% from 5.98% On the flip side, the average contract interest rate for 15-year fixed-rate mortgages decreased to 6.43% from 6.46%.

Mortgage 312

Mortgage Contracts Marketing 312

Housing Wire

JANUARY 14, 2025

He was locked into a one-year contract, but the minute it ended, he began his search for a new coach. 2025 is all about leveraging the basics. He had the foresight to sign on with a popular coaching company in his first year but felt he was getting very little return for his (sizeable) coaching investment. No matter what.

Real Estate 369

Real Estate Open Houses Agents Real Estate Agent 369

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. We can measure home sales in real time by tracking all the homes that moved to contract pending status this week. There were another 15,000 condos into contract.

New Listings 496

New Listings Inventory Contracts Sellers 496

Inman

NOVEMBER 19, 2024

Cara Ameer and Nicole Solari share the 25 terms that are crucial for new agents to explain to buyers and sellers without the benefit of crib notes.

Contracts 154

Contracts Agents Sellers Buyers 154

Housing Wire

JULY 30, 2024

The transaction will bring $356 billion in mortgage servicing rights, advances and subservicing contracts, along with 1.3 Under stress, loanDepot concluded its plan to extend $500 million senior notes due in the fourth quarter of 2025. Drawdowns of existing MSR lines and available cash will be used to fund the $1.4

Investors 452

Investors Contracts Mortgage Marketing 452

Housing Wire

NOVEMBER 11, 2024

I’m now looking forward to 2025 when the data comes in each week. We’ll release the HousingWire 2025 Forecast paper in the next week or so where we’ll lay out our expectations, scenarios, and data to track for the real estate market in the coming year. More sellers and greater inventory is a trend for 2025.

Housing Market 349

Housing Market Marketing Inventory New Listings 349

Housing Wire

DECEMBER 21, 2024

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. Purchase application data Purchase application data rose 1% weekly and is up 6% year over year, even with a higher bar to work from.

Housing Market 436

Housing Market Marketing Inventory New Listings 436

Housing Wire

DECEMBER 6, 2023

Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC). million to Black Knight in damages related to a breach of contract claim. In total, $1.8

Contracts 372

Contracts Investing Investors Mortgage 372

Housing Wire

DECEMBER 11, 2024

This could represent a glimmer of hope for mortgage lenders heading into 2025. MBA’s report also examined the average contract interest rates for several loan types. The Federal Housing Finance Agency (FHFA) recently announced plans to raise 2025 conforming loan limits to $806,500 for one-unit properties 5.2%

Mortgage 338

Mortgage Contracts Government Inventory 338

Housing Wire

DECEMBER 7, 2024

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. Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand.

New Listings 498

New Listings Inventory Contracts Housing Market 498

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Last week saw 2% week-to-week growth but was down 1% year over year.

Mortgage 488

Mortgage Inventory New Listings Contracts 488

Housing Wire

DECEMBER 30, 2024

Conversely, when mortgage rates rose just a month later , refi activity contracted. Many forecasts call for mortgage rates to decline in 2025 even as market headwinds going into the year appear to be fierce. This group could be incentivized to take out a new loan if rates fall again by a full percentage point or more.

Mortgage 315

Mortgage Contracts Business Marketing 315

Housing Wire

SEPTEMBER 11, 2024

31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. “They can get their vendors on record — there’s contracts here. ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. ” he said.

Mortgage 405

Mortgage Technology Modernization Development 405

Housing Wire

OCTOBER 28, 2024

With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year.

Inventory 414

Inventory New Listings Sellers Contracts 414

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

Government 343

Government Contracts Finance Lending 343