Housing Wire

FEBRUARY 5, 2025

Data courtesy of Auction.com Higher levels of unemployment could cause more homeowners to become delinquent on their mortgages and lead to foreclosure, while slower price appreciation could mean they have less home equity to rely upon to pay debt or avoid a short sale. But these ratios vary significantly across local markets.

Retail 417

Retail Renovations Buyers Finance 417

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Retail 448

Retail Buyers Renovations Finance 448

Housing Wire

MARCH 5, 2025

The newest weekly mortgage applications survey data, released Wednesday by the Mortgage Bankers Association (MBA) included the lowest mortgage rates in months, which created a stir in the number of applications. In general, I’ve seen more activity across the board from buyers since the rates have been coming down a bit.

Loan Officers 297

Loan Officers Renovations Government Buyers 297

Appraisal Buzz

MARCH 14, 2025

This implies that the buyer would have to get flood insurance through the private sector, which does not provide flood insurance in many parts of the United States, in the absence of the National Flood Insurance Program (NFIP). If the delay is too long, some contracts may expire, leading buyers to renegotiate or back out of the deal.

Insurance 389

Insurance Renovations Sellers Design 389

Appraisal Buzz

FEBRUARY 13, 2025

The nationwide survey of nearly 900 prospective buyers found that searching for and virtually touring homes are the two most common uses of AI. The survey also revealed that 40% of prospective buyers interact with AI once a day or more. The survey showed that nearly 40% of buyers are using AI to both find and view homes.

Tools 425

Tools Buyers Renovations Technology 425

Appraisal Buzz

FEBRUARY 25, 2025

As inflation continues to impact the wallet of Americans, potential home buyers are being impacted as well. The amount of money homebuyers are putting down is higher than a year ago mainly because home prices are up: A higher price means buyers typically make a bigger deposit. homebuyers down payment was 16.3% The median U.S.

Buyers 377

Buyers Renovations Mortgage Housing Market 377

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.

Mortgage 321

Mortgage Training Construction Investors 321

Housing Wire

MARCH 20, 2025

Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%. The top market for FHA buyer activity was Merced, California, where 38.3% of the flipped homes were resold to buyers using FHA financing.

Investors 321

Investors Finance Renovations Buyers 321

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 514

Real Estate Buyers Renovations Open Houses 514

Housing Wire

OCTOBER 15, 2024

Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

Construction 488

Construction Buyers Agents Marketing 488

Housing Wire

JUNE 27, 2022

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% A total of 1.46 A total of 1.46 Presented by: Auction.com.

Mortgage 531

Mortgage Renovations Buyers 531

Housing Wire

AUGUST 9, 2021

Likewise, the percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 6% to 5%, while the percentage who expect mortgage rates to go up remained unchanged at 57%. The share who think mortgage rates will stay the same increased from 30% to 31%.

Buyers 488

Buyers Renovations Mortgage Marketing 488

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

FEBRUARY 25, 2025

Higher mortgage rates that are hovering near 7% have also influenced homebuyers decisions. While a larger down payment can lower monthly mortgage payments and help strengthen an offer in a bidding war, bigger isnt always better, Redfin senior economist Sheharyar Bokhari said in the report. home purchases in December, down from 33.8%

Buyers 297

Buyers Renovations Housing Market Real Estate 297

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That’s a safer range.”.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Appraisal Buzz

OCTOBER 15, 2024

While some believe the “American Dream” is still attainable in today’s market, new Point2 data showed that a growing number of prospective homebuyers do not see themselves as homeowners, citing a combination of factors such as mortgage rates, availability, and growing home prices.

Tenants 370

Tenants Renovations Modernization Contracts 370

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

APRIL 20, 2021

“They got their lunch handed to them — it was lose, lose, lose, lose,” said David Snover, the mortgage originator Patrick worked with. Patrick, a first-time homebuyer, was competing with buyers who were waiving basic contingency requirements and/or putting in offers that far exceeded the seller’s asking price. Already a member?

Renovations 468

Renovations Real Estate Agent Construction Buyers 468

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. Diego: We’ve kicked off 2025 with mortgage rates that haven’t done much except go a little bit higher. A lot of folks were expecting a decline in 2025.

Construction 312

Construction Marketing Investors Renovations 312

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

JULY 1, 2022

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. decrease from the previous quarter.

Mortgage 397

Mortgage Renovations Buyers 397

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. This bodes well for those still looking to refinance, renovate or even purchase a new home.”.

Mortgage 529

Mortgage Valuation Housing Market Renovations 529

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. The remaining 45% claimed that their inclination to purchase was unaffected by market conditions.

Retail 370

Retail Marketing Inventory Development 370

Housing Wire

APRIL 14, 2022

economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days.

Mortgage 448

Mortgage Government Renovations Buyers 448

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

MARCH 2, 2021

You want to make a few preparations to attract the most potential buyers. 5 reasons to refinance your mortgage right now. Four renovations to consider before selling your house. Dust accumulates and you don’t want a potential buyer to find dust on the ceiling or smudges on the windows. More for Real Estate Enthusiasts.

Decorating 514

Decorating Renovations Buyers Sellers 514

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

Renovations 370

Renovations Inspection Finance Insurance 370

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 418

Mortgage Real Estate Agent Real Estate Renovations 418

Housing Wire

AUGUST 27, 2024

The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) portal. Department of Housing and Urban Development (HUD). The 203(k) offering has two separate programs.

Renovations 448

Renovations Modernization Insurance Finance 448

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. Fannie Mae reportedly assigned the loan to PHH.

Mortgage 427

Mortgage Design Architecture Market Value 427

Housing Wire

MAY 30, 2024

Combined with the decrease in asking prices, Redfin suggested that “sale prices could soften in the coming months as persistently high mortgage rates turn off homebuyers.“ Mortgage rates have declined in recent weeks. Payment amounts were based on an average mortgage rate of 6.94%. higher on an annualized basis.

Renovations 497

Renovations Buyers Real Estate Mortgage 497

Appraisal Buzz

NOVEMBER 18, 2024

It was a prime investment – cash flowing and competitively priced due to it being a buyer’s market. New owners used their cost savings to renovate and undercut our rent rates. Ironically, renting is often now more affordable than buying due to skyrocketing mortgage rates. But the tide turned quickly.

Development 335

Development Finance Real Estate Housing Market 335

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. This represents a competitive challenge for buyers relying on financing.

Marketing 396

Marketing Renovations Construction Finance 396

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 516

Renovations Development Investors Legal 516

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Construction 482

Construction Renovations Transportation Real Estate 482

Housing Wire

JUNE 10, 2021

5 reasons to refinance your mortgage right now. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Home improvements and renovations are also important to buyers. Staging Costs.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Appraisal Buzz

FEBRUARY 12, 2025

According to January Redfin data, buyers nationally might have greater negotiating leverage than they have in a number of years: The typical U.S. The average 30-year mortgage rate was 6.96% in January. Political and economic uncertainty is another reason some would-be buyers are pumping the brakes. home is selling for 1.8%

Contracts 243

Contracts Buyers Renovations Sellers 243