Housing Wire

JUNE 15, 2024

Weekly housing inventory data As we head into the summer, I still can’t express enough gratitude for the growth in inventory this year. If mortgage rates keep falling and demand picks up, we will have a much better buffer with active inventory than in 2022 and 2023.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

APRIL 13, 2024

Weekly housing inventory data Usually, I would jump for joy at last week’s inventory growth. However, last week’s numbers don’t get a passing grade: The rebound impact of Easter boosted last week’s inventory data, just like it caused the inventory data to decline in the previous week.

Inventory 505

Inventory Mortgage New Listings Retail 505

Housing Wire

JUNE 22, 2024

10-year yield and mortgage rates Considering the softness in the economic data last week, with retail sales and housing starts at COVID-19 recession levels, which I wrote about here , the 10-year yield held up well. Weekly housing inventory data Inventory hit another one of my target levels this week, making it four times this year!

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

SEPTEMBER 15, 2024

Weekly housing inventory data Higher rates lead to more inventory. My model has been simple for the last two years; as long as mortgage rates stay above 7.25%, inventory should grow in a normal range of 11,000-17,000 per week. Weekly inventory change (Sept. We also have retail sales, bond auction

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

MAY 25, 2022

Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) marginally fell to 10.4% The seasonally adjusted purchase index rose 0.2% from 10.5% in the prior week.

Mortgage 459

Mortgage Contracts Retail Inventory 459

Housing Wire

OCTOBER 5, 2024

Since the Fed rate cut, we’ve also seen significant economic data lines beat estimates: housing starts, retail sales, industrial production, GDP and labor data all came in better than expected. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 511

Mortgage Inventory New Listings Retail 511

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Weekly housing inventory data We are experiencing a seasonal decline in housing inventory , which seems normal.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

JULY 3, 2024

“Purchase applications decreased the final full week of June, even as both new and existing inventories have increased over the past few months. The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S.

Mortgage 435

Mortgage Retail Contracts Inventory 435

Housing Wire

JUNE 8, 2022

“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. The survey, conducted since 1990, covers more than 75% of the retail residential mortgage applications.

Mortgage 418

Mortgage Inventory Contracts Retail 418

Housing Wire

AUGUST 7, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The MBA’s survey showed the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.55% during the week ending Aug. 2 compared to the previous week. the previous week.

Retail 476

Retail Contracts Mortgage Government 476

Housing Wire

OCTOBER 9, 2024

The largest constraint for many prospective homebuyers over the past year had been the lack of inventory. The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week. For the week ending Oct. of all applications, while U.S. of applications.

Mortgage 458

Mortgage Government Retail Contracts 458

Appraisal Buzz

AUGUST 5, 2024

During the second quarter of 2024, the demand for distressed properties at auction displayed strong performance initially but showed signs of decline in June, even as the supply of available auction properties continued to contract, according to Auction.com’s latest Auction Market Dispatch report. “The

Retail 273

Retail Renovations Inventory Contracts 273

Housing Wire

SEPTEMBER 7, 2022

With the 30-year fixed-rate hovering above the 6% level again , there’s no sign of a rebound in applications yet, despite a robust job market and growing housing inventory. retail, residential mortgage applications. Demand for mortgage loans declined last week as the markets continue to exert pressure on rates.

Mortgage 435

Mortgage Inventory Retail Contracts 435

Housing Wire

JULY 6, 2022

compared to the same week in the previous year because borrowers face an ongoing affordability challenge and a low inventory problem. retail residential mortgage applications. The seasonally adjusted Purchase Index fell 4.3% from the previous week and 7.8% The FHA share of total applications remained unchanged at 12%.

Mortgage 397

Mortgage Retail Contracts Inventory 397

Housing Wire

MAY 4, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.36% this week, down from 5.37% the previous week, but still 2 percentage points higher than a year earlier. percent, up from 4.89 percent the prior week. percent, up from 4.89 from 10.6%

Mortgage 370

Mortgage Contracts Retail Inventory 370

Housing Wire

FEBRUARY 23, 2022

retail residential mortgage applications. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.06% from 4.05% the week prior. The survey, conducted weekly since 1990, covers over 75% of all U.S. and the USDA held steady at 0.4%.

Mortgage 418

Mortgage Retail Contracts Inventory 418

Housing Wire

AUGUST 3, 2022

The average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) decreased to 5.43%, from the previous week’s 5.74%, the largest weekly decline since 2020. Lower mortgage rates, combined with signs of more inventory coming to the market, could lead to a rebound in purchase activity,” Kan said.

Mortgage 397

Mortgage Inventory Retail Contracts 397

Housing Wire

APRIL 26, 2023

retail residential mortgage applications. The MBA data shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) at 6.55% last week, compared to 6.43% the previous week. Altos Research data shows that inventory rose from 405,468 to 414,010 from April 14 to 21.

Mortgage 418

Mortgage Loan Officers New Listings Government 418

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. We just see a lot of growth opportunities here in terms of building our branch and building our team,” Lotsoff said in an interview with HousingWire.

Loan Officers 397

Loan Officers Mortgage Lending Retail 397

Housing Wire

MAY 24, 2023

retail residential mortgage applications. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% Department of the Treasury.

Mortgage 397

Mortgage Inventory Retail Housing Market 397

Housing Wire

APRIL 12, 2023

retail residential mortgage applications. In turn, housing inventory has dwindled month after month — furthering affordability issues and causing the spring buying season to miss its expected burst. Overall, mortgage applications increased last week by 5.3% last week.

Mortgage 397

Mortgage Retail Housing Market Contracts 397

Housing Wire

JULY 27, 2022

He added: “A potential silver lining for the housing market is that stabilizing mortgage rates and increases in for-sale inventory may bring some buyers back to the market during the second half of the year,” the economist said. retail residential mortgage applications.

Mortgage 370

Mortgage Retail Contracts Inventory 370

Housing Wire

AUGUST 5, 2022

Guild, a purchase-focused lender with a distributed retail model, reported $5.7 Looking ahead, we expect gain-on-sale margins to stabilize in the second half of this year, assuming excess capacity continues to contract, thereby driving more favorable pricing dynamics over time,” Terry Schmidt, Guild’s president, told analysts.

Retail 397

Retail Contracts Mortgage Inventory 397

Housing Wire

MARCH 2, 2022

retail residential mortgage applications. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.15% from 4.06% the week prior. Regarding purchase applications, Kan said the activity remained weak amid a strong home-price growth and low inventory.

Mortgage 370

Mortgage Retail Contracts Government 370

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space.

Mortgage 475

Mortgage Lending Retail Business 475

Housing Wire

JUNE 2, 2023

What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? Nunes: Surging mortgage rates is one challenge, but inventory is another. So, people who say inventory and rates and it’s bottom and it’s struggling, they just have a loser’s mentality. They buy loans.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Housing Wire

MAY 3, 2022

“As we all know, the origination business, which had been extremely profitable the past couple of years, is now in the middle of a serious contraction and will remain this way for the near future,” the executive said. Volumes in wholesale, retail and direct-to-consumer represented 57.2% quarter-over-quarter to $55.9

Retail 370

Retail Investing Real Estate Mortgage 370

Housing Wire

AUGUST 31, 2022

The MBA estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 5.80% this week to the highest level since mid-July, from the previous week’s 5.65%. However, Kan said rising inventories and slower home-price growth could bring some buyers back into the market later this year.

Mortgage 370

Mortgage Retail Contracts Inventory 370

Housing Wire

MARCH 14, 2025

There is currently an inventory of 642,359 properties. Over the past year in the retail sector , the absorption rate has fallen by 54%, rent growth has declined to 1.9% The median list price of homes in the US is $435,000; the median price of new listings is $435,900. 10% of properties have been relisted. million and 2.29

Real Estate 360

Real Estate Marketing Real Estate Agent Sellers 360

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. If Rocket wanted to really capture a huge amount of purchase business (and greatly increase costs in the process), they’d buy another retail lender or hire thousands of distributed LOs.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Housing Wire

MARCH 15, 2024

On average, about 50% of referrals to a retail LO come from buyers’ agents, VanFossen said. But its members noticed “many real estate agents are already writing sales contracts that require the buyer to pay the buyer’s real estate commission.” However, with the NAR settlement, listing agents may start dealing directly with homebuyers.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. TreeHouse worked with Tesla on an ecofriendly home battery and opened a 25,000-square-foot retail store in Dallas.

Construction 418

Construction Supply Chain Investors Business 418

Hank Miller Team

MARCH 3, 2025

For the most part, investors compete with other investors for inventory. Sellers market target is retail buyer, low inventory, secure favorable contract terms Buyer confidence best buyers are hungry, competitive, and emotionally driven Think the 3-4 rate post pandemic craziness.

Real Estate 52

Real Estate Investors Buyers Sellers 52

Realtor

APRIL 14, 2021

“Regardless of the economic environment and uncertain times, consumers will always have a need or desire to buy a home,” says Ann Thompson , retail sales executive of the West with Bank of America. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers.

Mortgage 155

Mortgage Real Estate Agent Real Estate Buyers 155

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Looking again at data from MBA’s Quarterly Performance Report, loans closed per production employee [1] per month (in the retail and consumer direct channels combined) ranged from 1.3 in the three years prior to the pandemic.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Appraisal Today

NOVEMBER 1, 2024

While near-term purchase application activity has weakened, we continue to expect housing demand from younger homebuyers to support purchase growth over the next few years as for-sale inventory loosens gradually.” The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.55 percent from 6.52

Appraisal 91

Appraisal Training Contracts Mortgage 91

Cleveland Appraisal Blog

MARCH 18, 2021

As a teenager, my friends would describe to me experiences they had in retail stores, in which they were watched uncomfortably closely by store clerks. With a shortage of inventory, it was not hard to imagine why this might be the case. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

Appraisal 195

Appraisal Investors Market Value Contracts 195