Housing Wire

DECEMBER 16, 2024

For-sale inventory is now about 26% below the norms of 2018 and 2019, the smallest shortfall since September 2020. The ESR Group predicts that the broader economy will remain stable and expand at an above-trend pace through 2026 as it navigates elevated core inflationary pressures and heightened policy uncertainty.

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Housing Wire

JUNE 17, 2024

And the youngest millennials (ages 28 to 43 this year) don’t turn 30 until 2026, so there is time for this trend to shift. Buyers in today’s market face high prices, high mortgage rates, and low levels of affordable inventory, making it exceptionally challenging to purchase a home as a first-time buyer.”

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Housing Wire

MAY 10, 2023

Per the transaction, Mr. Cooper is acquiring all outstanding shares of Home Point and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. Amid high mortgage rates, low inventory and fierce competition, Homepoint’s overall origination came in at $27.7 billion in 2022, a 71.6%

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Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. Given the confluence of trends right now, I do expect inventory and new listings to rebound again before the end of the month. Inventory growing Rising interest rates create rising inventory. to 8% and inventory spiked.

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Housing Wire

MAY 29, 2024

Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of existing-home sales inventory.

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Housing Wire

JULY 25, 2023

Boomer behaivor This, by itself, offers hope for easing the real estate inventory crunch that continues to dampen velocity in the market, along with high interest rates. The Census Bureau estimates that homeownership by those 65 and older in 2026 will drop by 12 million, with a further drop of 15 million in the subsequent decade.

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Housing Wire

MAY 8, 2024

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. For example, Compass has access to off-market exclusives through Compass Private Exclusives and Coming Soon, which is particularly important in a low-inventory environment.” million homes in 2026,” Reffkin said.

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Housing Wire

DECEMBER 26, 2023

It might really be 2026,” George said. The macro challenge: Still not much inventory Analysts unanimously agree that inventory will continue to be a significant issue entering 2024. ” George agrees that inventory will remain a problem. I think people are still gonna be pretty locked in.

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Housing Wire

JUNE 2, 2023

Meanwhile, 2025 and 2026 will be off the charts. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? ” Ishbia says that the wholesale channel should reach 33% market share by 2026, compared to the current level of 22%. And 2025 and 2026 will be off the charts.

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Housing Wire

MAY 12, 2023

The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition. The buyer will also assume $500 million in Home Point’s senior notes due in February 2026. The transaction with The Loan Store did not include the company’s MSR portfolio, which is the target of Mr. Cooper’s deal.

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Housing Wire

NOVEMBER 22, 2024

That’s a factor too of higher inventory.” JBREC is not forecasting meaningful rent growth until 2026 and beyond, which will make it harder for new project developments to pencil.” “I would just say that the rental market is still performing a little bit more strongly than the residential or the for-sale market,” Knapp added.

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Appraisal Buzz

DECEMBER 16, 2024

With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its looking like the housing market wont see much of a thaw in 2025, Fannie Maes Economic and Strategic Research (ESR) Group says in a recent report.

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Housing Wire

DECEMBER 11, 2023

Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. And for originations business to pick up, a stability of low rates as well as a supply in inventory would have to work in tandem. “I Meanwhile, it will be a long time before the industry sees a traditional refi boom.

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Housing Wire

APRIL 27, 2022

I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. The one considerable risk for housing in the years 2020-2024 is that if demand picks up as it has, inventory breaks down to unhealthy levels. The lowest rate we have seen so far is 62.9%. These were the reasons I gave back then: 1.

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Appraisal Buzz

SEPTEMBER 18, 2024

The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. While a rate cut will give an immediate boost to purchasing power for potential homebuyers, the pent-up demand, limited available inventory, and high home prices mean that purchasing power increase may not mean much in practical terms.

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Housing Wire

AUGUST 5, 2024

This is particularly relevant in today’s market, where low inventory requires home seekers to act quickly. When you take that mission statement and make it applicable to our direct sphere of influence, we are focused on ensuring that EVERY mortgage applicant has the opportunity to optimize their credit score by the year 2026.

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Housing Wire

JUNE 7, 2023

Concurrently, the Colorado River is also in the midst of one of the worst droughts seen in over 1,200 years, and Arizona, California and Nevada agreed last week to collectively conserve 3 million acre-feet of river water through 2026. The story is much the same in the Phoenix metro, which saw active home inventory fall 9.8%

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Appraisal Buzz

DECEMBER 16, 2024

According to their baseline forecast, core inflation will continue to decline and economic growth and employment increases will slow slightly in the upcoming year, but it wont achieve the Feds target until 2026. A divergent home price story is currently being driven by regional differences in for-sale inventory.

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Empire Appraisal Group

OCTOBER 10, 2024

ResiClub analyzed September inventory data just released from Realtor.com. Generally speaking, local housing markets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 24 months.

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Housing Wire

AUGUST 16, 2023

His prediction is that 2025 and 2026 “will be off the charts.” The ultra-low mortgage rates from 2020 to 2022 undoubtedly removed inventory from the board for probably the better part of the decade. Goldman Sachs economists predict that the cut will come by the end of June 2024.

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Appraisal Today

NOVEMBER 1, 2024

Highlights include: Industry Prep (ongoing) Industry training available on GSE websites: November 18, 2024 GSEs publish policy updates: June 4, 2025 ULDD Mandate: July 28, 2025 Limited Production: September 8, 2025 – January 25, 2026 Broad Production: January 26, 2026 – November 1, 2026 UAD 3.6 Mandate: November 2, 2026 UAD 2.6

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Will Springer Realtor

JANUARY 9, 2024

There is little doubt the inventory shortage will continue through 2024 – as mortgage rates remain too high for many consumers – and that means great pressure to push prices higher. Inventory fell in terms of months of supply across the county. months’ inventory was available as of Jan. Inventory stood at 2.0 in November.

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Will Springer Realtor

SEPTEMBER 17, 2024

Construction approval is reportedly expected in early 2026. The project should begin in spring 2026. > However, it is safe to expect rents will initially decline as inventory blossoms. The rail link will also extend to south King County, with three new stations planned for the Federal Way area around 2026.

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Movoto

NOVEMBER 26, 2024

Featuring insights from real estate veteran Jerimiah Taylor, we explore the evolving dynamics of home prices, mortgage rates, and the role of Baby Boomers in inventory trends. And so you had a lot of inventory growth. And so it’s all comes down to to, to supply and demand and inventory.

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Appraisal Today

FEBRUARY 2, 2024

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context.

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Will Springer Realtor

OCTOBER 8, 2021

Estimated opening is 2026. The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally. months of inventory across all homes in King County, up from 0.6 There is now 0.7

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Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), The thought that early spring would produce more, longer-lasting inventory has yet to materialize. Inventories for condos were little changed from month to month, standing at 0.6 overall, where housing inventory rose 2.4%

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Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. Even though we’re seeing inventory grow, it remains quite low,” notes Danielle Hale, chief economist at realtor.com. months, Pierce at 0.8 and Snohomish at 0.6.

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Design Construction Development Property Taxes 36

Housing Wire

NOVEMBER 21, 2024

We expect inventories of homes added to the market, and therefore sales of existing homes, to remain subdued through next year, as the higher mortgage rate environment is likely to strengthen the ongoing lock-in effect,” Mark Palim, Fannie Mae’s senior vice president and chief economist, said in a statement. “How million in 2025.

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Appraisal Buzz

NOVEMBER 11, 2024

The National Association of Realtors (NAR) Chief Economist Lawrence Yun said that job increases are continuing, mortgage rates are normalizing, and the worst of the housing inventory deficit is over. Directionally, I think there’s going to be roughly a 10% boost of existing-home sales in 2025 and 2026.” residential real estate market.

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Housing Wire

NOVEMBER 11, 2024

The town may then decide to pass on some of those financial challenges by taxing homeowners at a higher rate or by providing fewer town services, which may lead homeowners to leave the town, selling their properties, which could result in dropping home prices due to a rapid rise in inventory and a drop in demand. DellaPelle posited.

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Housing Wire

NOVEMBER 22, 2024

And increased inventory at lower price points promotes a balanced market with price stability for the buyer. Well-conditioned inventory hitting the market will serve a greater immediate need. Well-conditioned inventory hitting the market will serve a greater immediate need. The implementation of premium recapture.

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Appraisal Today

NOVEMBER 22, 2024

For-sale inventory has loosened in some markets and some potential buyers have been able to take advantage of increasing supply and lower FHA rates, which were down slightly in comparison to the conforming 30-year fixed rate.

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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,” says Lawrence Yun, chief economist for NAR, in a statement. million in 2025 and more than 5 million in 2026,” Yun says. in 2025 but then move higher to 6.1%

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Appraisal Buzz

OCTOBER 28, 2024

Mortgage rates at this level should support homebuyer demand and gradually reduce the lock-in effect, thereby increasing the inventory of existing homes and supporting higher purchase origination volume in 2025.” “We are bullish about the spring 2025 housing market.

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Will Springer Realtor

DECEMBER 17, 2024

This year saw sharply expanding inventory, up 29% year-on-year nationally (through October; latest data) and 26% YoY across King County (November 2023-November 2024). Economists believe this will likely lead to only a small increase in inventory at the start of 2025 but a welcome boost by spring. That will be the new normal.

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