Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement.

Mortgage 298

Mortgage Construction Inventory Investors 298

Appraisal Buzz

JUNE 14, 2024

In today’s low-volume market cycle, mortgage originators can build business by focusing on purpose-built loan products designed to overcome the specific challenges homebuyers face in the current market. That is a significant increase from the 13% average between 2000-2019 in new construction.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 425

Investors Housing Market Finance Construction 425

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

Mortgage 439

Mortgage Retail Investors Buyers 439

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 36.3%

Housing Market 386

Housing Market Mortgage Marketing Inventory 386

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Slow construction and restrictive zoning laws.

Inventory 396

Inventory Marketing Mortgage Supply Chain 396

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. “Investors remained attuned to the uncertainty around the U.S.

Mortgage 382

Mortgage Inventory Retail Housing Market 382

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. This has led to a rise in foreign investor purchases of U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. for the past two weeks. 22 was 1.32.

Mortgage 450

Mortgage Inventory Construction Technology 450

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 317

Mortgage Property Taxes Housing Market Buyers 317

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. Today, the average is 2.7

Realtors 420

Realtors Buyers Inventory Investors 420

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

Loan Officers 330

Loan Officers Mortgage Real Estate Agent Business 330

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time. economy after Fitch Ratings downgraded the U.S.′ The following day, the U.S.

Mortgage 323

Mortgage Inventory Government Buyers 323

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead. At Mortgage News Daily , rates were even lower, at 6.29% on Thursday afternoon. economy is cooling down due to the tightening monetary policy.

Mortgage 364

Mortgage Home Value Construction Investors 364

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages.

Finance 388

Finance Investing Real Estate Agent Real Estate 388

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

Housing Market 434

Housing Market Marketing Buyers Investors 434

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 380

Mortgage Loan Officers Inventory Retail 380

Housing Wire

OCTOBER 5, 2023

Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. In the U.S.,

Real Estate 401

Real Estate Housing Market Marketing Investors 401

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. In order for investors to qualify for the credit, buyers must make no more than 140% of area median income.

Renovations 508

Renovations Development Investors Legal 508

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” per diluted share.” That’s up from $2.53

Supply Chain 354

Supply Chain Construction Inventory Marketing 354

Housing Wire

FEBRUARY 18, 2022

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. from December and mortgage rates shot up 30 basis points. . That translates to just 1.6 “While the 6.7

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Listing Spark

JUNE 7, 2024

In the past decade or so, buying a fixer-upper, updating it, and then selling it for a nice profit attracted seasoned real estate investors and newbies alike. Many professional and amateur investors wanted a piece of the quick-profit pie. Interest Rates Are High As of May 2024, the loan rate for a 30-year fixed mortgage is 7.06%.

Investors 69

Investors Modernization Real Estate Tools 69

Housing Wire

SEPTEMBER 20, 2023

Most investors are already wondering what it would take for the central bank to lift rates again later this year. The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. However, at Mortgage News Daily , mortgage rates were higher on Tuesday, at 7.30%.

Housing Market 413

Housing Market Mortgage Landlords Marketing 413

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 460

Inventory Renovations Real Estate Government 460

Housing Wire

FEBRUARY 2, 2022

“The supply side of the equation has been extremely challenging, with no clear signs as to when things will get better,” Marshall told investors, time and again bemoaning “labor shortages” and “significant disruptions in the supply chain.”. For Pulte Group, buyers paid an average price of $463,000, up 11% from the year before.

Supply Chain 312

Supply Chain Investors Construction Buyers 312

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. We must innovate.

Real Estate 328

Real Estate Brokerage Real Estate Agent Technology 328

Appraisal Buzz

AUGUST 16, 2024

Investor activity in the U.S. Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% year-over-year.

Investors 370

Investors Property Taxes Housing Market Real Estate 370

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% during the same period, which Redfin attributed to elevated mortgage rates and home prices. Although the U.S. In comparison, total U.S. home purchases fell 1.9%

Investors 414

Investors Real Estate Tenants Property Taxes 414

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

Real Estate Agent 380

Real Estate Agent Real Estate Agents Clients 380

DW Slater Company

JUNE 16, 2022

Mortgage rates are already moving up and are projected to move higher. One factor that we did not consider was the impact of institutional investors. Recent data from a NAR study reveals that institutional investors bought more than half of the homes sold in Tarrant County in 2021. Another thing to watch is new construction.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Housing Wire

SEPTEMBER 26, 2024

Extending the traditional 30-year mortgage to 40 or even 50 years. For families earning $91,551, a 30-year mortgage at 6% would require monthly payments exceeding $5,400, consuming more than 70% of their income. Rising construction costs : Supply chain issues and labor shortages have escalated building costs.

Mortgage 395

Mortgage Supply Chain Real Estate Investors 395

Housing Wire

JANUARY 27, 2023

On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products. 291,000 homes are still under construction: 5.7

Mortgage 537

Mortgage Construction Buyers Inventory 537

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. year over year, to a rate of 644,000.

Construction 424

Construction Supply Chain Buyers Development 424

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 21, 2024

But 2024’s deals show investor interest has persisted. Those sales include “major buyers” like Inland , Blackstone, Starwood and American Realty Advisors , the company pointed out in its report. Similarly, construction has slowed but remains elevated. billion in sales is still 40% above 2019 levels.

Investors 438

Investors Construction Real Estate Inventory 438

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 380

Business Loan Officers Clients Inventory 380

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market One of the positive results of this global pandemic is the affect it has had on the U.S. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. During the height of the pandemic, new home construction ground to a halt.

Real Estate 78

Real Estate Marketing Supply Chain Logistics 78

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. COVID-19 Impact on Buyers and Sellers.

Real Estate 78

Real Estate Marketing Supply Chain Logistics 78