Housing Wire

APRIL 2, 2025

Last weeks level of purchase applications was its highest since the end of January, driven by a 3% increase in conventional purchases, while government purchase applications were down 2%, said Joel Kan , MBAs vice president and deputy chief economist. The average contract interest rate for 5/1 ARMs increased to 6.04% from 5.89%.

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Contracts Mortgage Government Inventory 334

Housing Wire

FEBRUARY 24, 2025

housing market. more homes on the market now than a year ago. Demand is slower so more of the sellers are sitting on the market. There are fewer immediate sales that go directly into contract. I continue to interpret any growth in sellers as a good sign for a healthier housing market. There are 28.7%

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Inventory New Listings Sellers Contracts 473

Housing Wire

MARCH 6, 2025

The housing market in Washington D.C. is being closely watched amid widespread layoffs of federal government workers. Sweeping cuts by Elon Musks DOGE agency have sent many government employees packing, while other staff need to find housing in the area to comply with return-to-work mandates. housing market.

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Inventory New Listings Government Housing Market 267

Housing Wire

MARCH 17, 2025

Fluctuating interest rates have been a feature of the housing market over the last three years. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. Were only two months into the new government policies.

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Inventory New Listings Housing Market Sellers 389

Housing Wire

APRIL 5, 2023

But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Meanwhile, the conventional space – not offered or secured by a government entity – registered a 2.7% Last week, mortgage apps in the space were 8.4%

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Government Mortgage Housing Market Retail 435

Housing Wire

FEBRUARY 3, 2025

We regard this metric, the percentage of homes on the market with price reductions from the original list price, as a leading indicator for future sales prices. Looking backward at the housing market , we can see sales prices are not appreciating compared to 2024. In the scale of housing, 2.5% is basically zero.

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Sellers Inventory New Listings Contracts 380

Housing Wire

MARCH 8, 2025

Does this indicate that the housing market is beginning to wake up just in time for spring? I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand. So while the data is better than last year, context is key. Weekly inventory change (Feb.

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Mortgage Inventory New Listings Housing Market 387

Housing Wire

MARCH 3, 2021

“Government refinance applications historically lag the more rate-sensitive movements of conventional applications, and that was true last week, as both FHA and VA refinancing volumes increased.”. The housing market is entering the busy spring buying season with strong demand,” Kan said. from 11.9% the week prior.

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Mortgage Contracts Government Housing Market 545

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

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Housing Market Contracts Government Buyers 495

Appraisal Buzz

FEBRUARY 21, 2025

The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. During the rental period, lease-purchase agreements tend to be governed by state landlord-tenant laws.

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Landlords Tenants Contracts Law 221

Housing Wire

AUGUST 19, 2020

Conventional purchase applications drove last week’s increase, while applications for government loans decreased,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%. the week prior. The post Mortgage applications fall 3.3%

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Mortgage Contracts Government Housing Market 542

Housing Wire

OCTOBER 21, 2020

Joel Kan, MBA’s vice president of economic and industry forecasting, pointed to a rise in mortgage rates last week for why conventional and government purchase activity took a step back. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.02% from 3%.

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Mortgage Contracts Housing Market Government 482

Housing Wire

APRIL 21, 2021

“Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. The spring housing market also saw a boost from lower rates, with purchase applications — driven by a jump in conventional applications — increasing over 5%.”

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Mortgage Contracts Government Housing Market 488

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields. .

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Mortgage Contracts Inventory Buyers 497

Housing Wire

FEBRUARY 17, 2021

The housing market in early 2021 continues to be constrained by low inventory and higher prices. Conventional and government applications to buy a home declined last week, but purchase activity overall is still strong – up 15% from last year,” Kand said.

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Mortgage Contracts Government Inventory 468

Housing Wire

MAY 25, 2023

The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

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Inventory Housing Market Contracts Government 396

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%. Presented by: FormFree.

Mortgage 542

Mortgage Lending Government Contracts 542

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. 2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. 7% while the Jumbo MCAI measuring high-balance loans rose.2%,

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Mortgage Government Buyers Contracts 497

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

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Mortgage Contracts Construction Government 432

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. Now that a second stimulus package has been passed and two vaccines are being administered, Yun said economic growth is guaranteed, but high government borrowing will put modest upward pressure on interest rates. Presented by: WFG.

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Contracts Inventory Realtors Government 535

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Contracts Investors Investing Market Value 459

Housing Wire

OCTOBER 12, 2023

What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% year over year in September,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Rents of primary residences were up 7.4%.”

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Government Housing Market Contracts Insurance 425

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. Since this is on the government tab, the builders won’t care so much about profit margins being met.

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Inventory Construction Government Housing Market 545

Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season.

Mortgage 459

Mortgage Contracts Government Inventory 459

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The mortgage market is projected to slip further to $1.3 trillion in 2023, according to the government-sponsored enterprise. contraction in real GDP in 2023.

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Contracts Modernization Housing Market Mortgage 448

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. housing market now. That’s frankly surprising given how cold the housing market froze last fall. New contracts dipped as affordability is out of reach for so many.

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Contracts Inventory Housing Market Buyers 434

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. Most of this growth was tied to refinance applications, which were up 37% year over year. Fannie Mae economists project two rate cuts by the end of 2024. in 2024 and to 6.4% 2 reason.

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Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

Technology 440

Technology Contracts Insurance Government 440

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. The mortgage market is projected to slip further, however, to $1.74 trillion the following year, according to the government-sponsored enterprise. million in 2022 before dropping to 4.42 million in 2024.

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Contracts Government Mortgage Buyers 397

Housing Wire

SEPTEMBER 1, 2021

“Even with a slight increase, purchase activity hit its highest level since early July, as applications for conventional and government loans increased.” ” Kan noted that home purchase activity is disproportionately concentrated in the higher price tiers of the housing market. 27, the highest average in five weeks.

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Inventory Contracts Government Mortgage 411

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.

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Mortgage Contracts Construction Government 541

Housing Wire

APRIL 7, 2021

“I think the math speaks for itself how well the forbearance program has worked, and it’s one of the few times in my career that I have seen a government-initiated program adopted as well and executed as well by the industry as this one,” said Rick Sharga, executive vice president of RealtyTrac.

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Investors Legal Contracts Government 460

Housing Wire

NOVEMBER 10, 2022

The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA.

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Government Finance Contracts Design 370

Housing Wire

MAY 22, 2023

While Fannie Mae expects sales to soften somewhat later in the year, the new housing market appears more upbeat than it was at the start of the year. Pending home sales, which lead contract signings on average by 30-45 days, declined during that time by 5.2%, pointing to a further sales slowdown in April and May.

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Construction Inventory Government Contracts 418

Housing Wire

APRIL 12, 2023

The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines. Overall, mortgage applications increased last week by 5.3% from 12% the week prior. from 11% week over week. last week.

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Mortgage Retail Housing Market Contracts 395

Housing Wire

MARCH 14, 2024

According to Altos Research, the Virginia Beach-Norfolk-Newport News housing market had a seven-day average Market Action Index score of 52.44 as of March 14, making it the seventh hottest housing market in the country. Altos considers any Market Action Index score above 30 to be indicative of a seller’s market.

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Inventory Buyers Agents Real Estate 457

Housing Wire

JANUARY 19, 2021

percentage points from what the government-sponsored enterprise projected last month. contraction. But despite these projected slowdowns, other economists are still forecasting a strong year ahead for the housing market. Fannie Mae ‘s latest forecast projects economic growth to hit 5.3% in 2021, an increase of 0.8

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Housing Market Mortgage Contracts Government 482