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 425

Mortgage Supply Chain Real Estate Investors 425

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

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! This of course led some people to believe that bond yields and mortgage rates would go much higher today.

Mortgage 537

Mortgage Supply Chain Housing Market Marketing 537

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

Mortgage 391

Mortgage Supply Chain Inventory Investors 391

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 476

Marketing Mortgage Supply Chain Inventory 476

Housing Wire

MAY 12, 2022

A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house. The portion of mortgaged homes that were equity rich rose from 41.9% About 44.9%

Supply Chain 482

Supply Chain Housing Market Market Value Buyers 482

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. The pace of construction should continue to increase, particularly if supply-chain constraints begin to loosen,” he said. Housing starts in the U.S.

Supply Chain 504

Supply Chain Construction Inventory Buyers 504

Housing Wire

MARCH 23, 2022

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. This is an increase of 3.3% after a 10.4% drop in January. . after a 10.4% drop in January.

Supply Chain 354

Supply Chain Housing Market Buyers Construction 354

Housing Wire

APRIL 8, 2022

A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Of the six index components, a survey-high of 69% of respondents expect mortgage rates to continue their upward trend over the next 12 months. It’s a depressing combination. points to 73.2

Supply Chain 448

Supply Chain Housing Market Inventory Mortgage 448

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. Treasuries and mortgage-backed debt.

Supply Chain 510

Supply Chain Inventory Buyers Housing Market 510

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. To view the complete research, click here.

Inventory 410

Inventory Marketing Mortgage Supply Chain 410

Housing Wire

SEPTEMBER 24, 2021

Still, new home sales remain high relative to levels since the housing market crash and show continued strong demand from buyers.” . month supply of new houses at the current sales rate, according to the report. The number of new houses for sale in August 2021 (378,000) represents a 6.1 This is a 74.3%

Supply Chain 477

Supply Chain Housing Market Construction Buyers 477

Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The gauge measuring traffic of prospective buyers increased four points to 37.

Supply Chain 364

Supply Chain Development Inventory Buyers 364

Housing Wire

MAY 17, 2021

The gauge charting traffic of prospective buyers fell one point, to 73. Some builders are slowing sales to manage their own supply chains, which means growing affordability challenges for a market in critical need of more inventory.”.

Supply Chain 446

Supply Chain Construction Inventory Housing Market 446

Housing Wire

FEBRUARY 15, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. In January, the survey had 107 respondents.

Mortgage 389

Mortgage Supply Chain Housing Market Construction 389

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.”

Supply Chain 334

Supply Chain Construction Inventory Marketing 334

Housing Wire

FEBRUARY 18, 2022

months of supply; a healthy market generally has between four and six months of supply. 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. That translates to just 1.6 “While the 6.7

Supply Chain 435

Supply Chain Inventory Buyers Contracts 435

Housing Wire

MAY 25, 2021

Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years. increase and Seattle with a 18.3%.

Supply Chain 432

Supply Chain Inventory Buyers Construction 432

Housing Wire

FEBRUARY 2, 2022

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. For Pulte Group, buyers paid an average price of $463,000, up 11% from the year before. The average 30-year fixed mortgage interest rate is about 3.6%, according to a Freddie Mac survey.). in December.

Supply Chain 286

Supply Chain Investors Construction Buyers 286

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

MARCH 22, 2021

Rising home prices, limited inventory and the uptick in mortgage rates continued to deter some homebuyers last month as sales of existing homes fell 6.6% “Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”. 2020, as prices rose in every region.

Supply Chain 448

Supply Chain Inventory Realtors Housing Market 448

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

JANUARY 2, 2024

When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Everyone works together.

Mortgage 370

Mortgage Modernization Supply Chain Finance 370

Housing Wire

FEBRUARY 9, 2023

Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point for this cycle of the housing market. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

Supply Chain 324

Supply Chain Housing Market Marketing Mortgage 324

Housing Wire

SEPTEMBER 6, 2023

The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability. Real estate and mortgage brokers will be marginalized as friction is removed. Brokers : Digitization puts middlemen in every industry at risk.

Supply Chain 353

Supply Chain Real Estate Technology Mortgage 353

Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. 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 7.09% as of August 17, up from last week’s 6.96%. Other indices showed even higher mortgage rates.

Mortgage 312

Mortgage Supply Chain Government Loan Officers 312

Housing Wire

JULY 13, 2022

Over the same time period, here is what happened to 30-year mortgage interest rates: 4% in 2019 3% in 2021 6% in 2022. Homebuilders were able to pass all rising costs on to homebuyers due to record low buyer borrowing costs. What is the impact of lumber relative to interest rates? Lumber never leads, it always follows.

Supply Chain 380

Supply Chain Buyers Construction Finance 380

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. What are the implications for the mortgage market? 2022 Forecast series.

Housing Market 433

Housing Market Marketing Supply Chain Mortgage 433

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.

Construction 423

Construction Supply Chain Buyers Development 423

Housing Wire

MARCH 15, 2023

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. The existing home sales market is significantly bigger than new homes.)

Supply Chain 337

Supply Chain Inventory Loan Conditions Construction 337

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable.

Supply Chain 422

Supply Chain Tools Mortgage Marketing 422

Housing Wire

DECEMBER 13, 2022

from a year ago, suggesting that supply-chain issues may be easing. 2023’s forward thinkers are investing in mortgage tech now. Mortgage rates have been declining after hitting its recent peak about a month ago at 7.16%. Excluding food and energy prices, the so-called core CPI rose 0.2% year-over-year.

Housing Market 404

Housing Market Marketing Supply Chain Inventory 404

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. What are you expecting to see next year in terms of supply chain issues?

Supply Chain 357

Supply Chain Construction Inventory Finance 357

Eyes on Housing

JANUARY 20, 2022

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR). Total existing home. Read More ›

Supply Chain 197

Supply Chain Realtors Inventory Buyers 197

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It New construction is backed up,” she said.

Construction 368

Construction Supply Chain Inventory Agents 368

Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. from April, and up 5.7% from May 2022, to 1.63 million. “Our ”

Supply Chain 344

Supply Chain Construction Buyers Mortgage 344