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. We’re also at the seasonal decline time for the housing market.

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Housing Wire

NOVEMBER 25, 2024

Inventory is moving down There are now 719,000 single-family homes unsold on the market around the U.S. There are just over 27% more homes unsold on the market than last year. The 2025 lines will trend higher, even closer to the old normal levels. We’ve been averaging 56,000 new contracts each week for single-family homes.

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Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. 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. However, that didn’t happen.

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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.

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Housing Wire

SEPTEMBER 18, 2024

In contract, single-family housing starts were up 15.8% Despite the mixed results, some economists are optimistic about the future of the new construction market. In August, housing starts rose to a seasonally adjusted annual rate of 1.356 million, up 2.9% month over month and up 3.9% compared to a year ago. monthly and 6.2%

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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. The market is at an interesting point with rising inventory and lower demand,” said Lawrence Yun, NAR Chief Economist.

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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. ”

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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.

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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.

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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%. The main constraints in the housing market have been inventory and affordability, Sturtevant said. Sales increased 6.1% Home sales rose 6.1%

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Housing Wire

OCTOBER 28, 2024

All the dominant trends in the housing market this year seem like they would indicate home prices declining. 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. They’re already in contract, so they don’t add to the active inventory.

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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. 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. Housing completions also grew by 15.5%

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Housing Wire

DECEMBER 11, 2024

This could represent a glimmer of hope for mortgage lenders heading into 2025. In addition to lower rates, purchase activity continues to be supported by sustained housing demand and inventory that continues to grow gradually in many markets,” Kan added. The MBA adjusted last week’s data for the Thanksgiving holiday.

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Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand. Weekly inventory change (Nov.

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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. The Fed met last week and we escaped dramatic changes in the markets. There are now 513,000 single family homes unsold on the market. Now it’s on the rise.

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Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. The offer is subject to market conditions and other factors. times, lower than its target of 3.5 In total, $1.8

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Housing Wire

NOVEMBER 4, 2024

The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. This week, we count 14% more homes in the contract pending stage now than a year ago. The market is different now.

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Housing Wire

DECEMBER 5, 2024

Its the perfect inspiration for agents looking to level-up their branding and marketing. A post shared by Tatiana Londono (@tatlondono) Actionable Insights Share motivational content to inspire your audience and build your reputation as a mentor Be bold and authentic in your messaging to stand out in a crowded market 8.

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Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. This undermines Ginnie Mae’s ability to run a market-driven program.”

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Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The froth is out of the market.

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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.

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Housing Wire

NOVEMBER 27, 2024

With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. The MBA reported that the average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) dropped by 4 bps during the week to 6.86%.

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Housing Wire

JULY 30, 2024

The transaction will bring $356 billion in mortgage servicing rights, advances and subservicing contracts, along with 1.3 ” Mortgage lenders and servicers have been active in the debt market of late. Under stress, loanDepot concluded its plan to extend $500 million senior notes due in the fourth quarter of 2025.

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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.

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Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. New listings Last week, 59,000 new single-family listings came to market. The takeaway?

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Housing Wire

SEPTEMBER 3, 2024

Both of those states ticked up this week with more unsold homes on the market than a week prior. real estate market as we roll into September 2024. real estate market as we roll into September 2024. Inventory lower than last week There are 704,000 single-family homes unsold on the market across the country now.

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Appraisal Buzz

SEPTEMBER 5, 2024

Gauging a Cyclical Housing Market While affordability issues still plague many prospective home buyers, impacted by a phenomenon called the “lock-in effect,” where mortgage rates are prompting many to stay put instead of selling and buying another home at a higher rate. 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-fram

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Housing Wire

SEPTEMBER 9, 2021

The Pontiac, Michigan-based wholesale lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”. It currently has about 35% of the wholesale market. “If

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Housing Wire

OCTOBER 16, 2023

Disinflation is under way, labor markets are coming into better balance, and economic activity continues to be resilient…By doing nothing, we are doing something. But do not conflate a more moderate rate of GDP growth as a contraction,” Harker said. before heading toward 4% in 2025. And I think we are doing quite a lot.”

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Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.

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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.

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Housing Wire

AUGUST 19, 2024

Recently unsold inventory would rise later in the year, especially in the last two years as the market slowed when inventory climbed up to November. Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. Let’s look at the details of the U.S.

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Housing Wire

JULY 12, 2022

Overall, the California-based lender is implementing a program dubbed “Vision 2025” to save between $375 million and $400 million annualized, including headcount reduction, process optimizations, real estate consolidation and reduction in marketing and third-party spending. . ” The company reported a net loss of $91.3

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Housing Wire

DECEMBER 17, 2024

But his robust experience gives him a unique knowledge base for directing Mr. Cooper’s affairs in 2025. Andrew Bon Salle Bon Salle’s three decades of experience spans “capital markets, risk management securitization and mortgage policy leadership,” according to Mr. Cooper.

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Housing Wire

AUGUST 15, 2022

The California-based mortgage tech company plans to reduce costs, including cutting 25% of its workforce, and will focus on products with a higher return on investment amid an extreme market downturn. Blend Labs reported a $478.4 million loss in the second quarter, following a $73.5 million loss in the first quarter.

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Appraisal Buzz

JULY 12, 2024

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. Compared to 50% two years prior, over 60% of properties advertised in May had been on the market for at least 30 days without entering into a deal. overall and by 7.3%

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Housing Wire

NOVEMBER 7, 2023

In a recent interview with HousingWire, CEO Frank Martell said the most likely period for a trajectory to profitability “is the spring selling season, as we get into next year and the market provides some lift. Looking forward, Martell said the market will remain substantially similar to 2023 levels in 2024. million in Q2. .

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