Housing Wire

FEBRUARY 10, 2025

Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. If potential sellers avoid the market, this will keep a lid on supply growth. New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior.

Sellers 309

Sellers Inventory New Listings Contracts 309

Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

Mortgage 414

Mortgage Contracts Insurance Sellers 414

Housing Wire

FEBRUARY 24, 2025

Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. Mortgage rates now are lower than they were a year ago. This year its 2%. There are 28.7%

Inventory 477

Inventory New Listings Sellers Contracts 477

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Mortgage 447

Mortgage Buyers Contracts Finance 447

Housing Wire

OCTOBER 28, 2024

Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. Maybe next year, if mortgage rates stay in the high 6s, inventory will build closer to the old normal after five years of a severe shortage.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. According to a CFPB, sellers typically target low-income borrowers, particularly in Black, Hispanic, immigrant, and religious communities.

Contracts 478

Contracts Mortgage Law Sellers 478

Housing Wire

JANUARY 30, 2025

Compared to a month prior, contract signings fell 5.5% An index reading of 100 is equal to the level of contract signings in 2001. After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising, Lawrence Yun, NARs chief economist, said in a statement. in the West.

Contracts 407

Contracts Housing Market Buyers Realtors 407

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. orate further?

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

MARCH 3, 2025

The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. So, mortgage rates have been declining for several weeks now. Thats a pretty notable swing.

New Listings 362

New Listings Inventory Contracts Sellers 362

Housing Wire

DECEMBER 30, 2024

Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. The homes that went under contract took 43 days to do so the slowest pace since 2019. “I explain to sellers that their house will sit on the market if its not fairly priced.

Inventory 487

Inventory Sellers Housing Market Contracts 487

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Last year was weak as mortgage rates were hitting 8%. Mortgage rates were super high and inventory was building. That difference can be attributed to mortgage rates staying higher for longer through September. It’s really just one week.

Inventory 387

Inventory New Listings Sellers Contracts 387

Housing Wire

NOVEMBER 18, 2024

Mortgage rates continue to move higher and that’s impacting buyers. New listings One way reason it will be hard for inventory to grow more than 17% next year is that there are still not enough sellers to get there. Frankly, it feels like the housing market is contracting a bit now in November. of the homes on the market.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

MARCH 14, 2025

The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators.

Client Relationships 330

Client Relationships Mortgage Marketing Loan Officers 330

Housing Wire

JANUARY 27, 2025

In recent weeks, home sales also faltered in the face of 7% mortgage rates. Now some of them are sliding below the year prior, which is driven by relentlessly high mortgage rates. This market is at a standstill as long as mortgage rates are above 7%. Home sellers and listing agents know where demand is for homes.

Inventory 387

Inventory Sellers New Listings Contracts 387

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

JANUARY 6, 2025

At the same time, mortgage rates jumped back over 7%. What were trying to track are what the real-time signals are telling us about homebuyers and 7% mortgage rates. In those times, we just had far more buyers than sellers. Since were entering the year with mortgage rates over 7%, that may put a damper on purchase demand.

Inventory 447

Inventory New Listings Contracts Sellers 447

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. If mortgage rates jump in late summer, we would see another boost in unsold inventory. That is 13% more sellers than last year at this time, but it’s not expanding any more this summer.

Inventory 447

Inventory Sellers New Listings Property Taxes 447

Housing Wire

DECEMBER 9, 2024

The MBAs mortgage applications data has been surprisingly strong. During that time, mortgage rates continually moved lower. Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. That’s normal.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

JANUARY 31, 2025

According to a recent Redfin study, housing prices and mortgage rates are still high, and home sales are at their weakest pace since the pandemic began. Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. The market had 5.2 Median asking price $407,225 5.2%

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 461

Sellers Housing Market Buyers New Listings 461

Housing Wire

FEBRUARY 26, 2024

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. We can see the impact of higher mortgage rates slowing homebuyer demand. Now, mortgage rates are 100 basis points higher. We still see more sellers than last year. The pace of sales inched down, too.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

FEBRUARY 28, 2025

Economic uncertainty : Concerns about tariffs , layoffs, and federal policy changes are making buyers and sometimes sellers hesitate. High mortgage rates and Home Prices : The average 30-year fixed mortgage rate hit 6.96% in January, an eight-month high. home-sale price rising 4.1% year-over-year. 5.9%), Nassau County, N.Y.

HOA 317

HOA Inspection Buyers Real Estate Agent 317

Housing Wire

OCTOBER 10, 2023

Mortgage rates continue to climb. It’s not uncommon to hear rates quoted over 8% for a 30-year fixed mortgage. 8% mortgage rates are a new reality We’ve been talking about the impact of 8% mortgage rates for months. The path to finally having more selection for homebuyers is through higher mortgage rates.

Mortgage 481

Mortgage Inventory Contracts Sellers 481

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Purchase mortgage applications are up for five weeks in a row. It seems like mortgage rates are getting closer to 6% are shaking loose a few transactions. Pending home sales climb There are 362,000 single-family homes under contract.

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. As of December 12, the 30-year fixed-rate mortgage averaged 6.6%, according to Freddie Mac. At the end of November, there were 1.33

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

NOVEMBER 4, 2024

Mortgage butterflies As confident and comfortable as I was in the home search process and the paperwork involved in signing on with an agent, I was not feeling great about the mortgage preapproval and application process. But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

FEBRUARY 25, 2025

The index includes sales of properties that went under contract in October, so it doesn’t quite capture what’s currently happening in the housing market. “Mortgage rates nearing 7% in January seem to have affected buyers more than sellers,” Zillow senior economist Kara Ng said. year over year in December.

Housing Market 349

Housing Market New Listings Inventory Sellers 349

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Inflation has hit younger households hardest, and stubbornly high rates have pushed a mortgage out of reach for many first-time buyers. The typical mortgage payment is up 11.3% That has cooled competition for houses.

Sellers 397

Sellers Buyers New Listings Home Value 397

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. of homes that went under contract last month.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Appraisal Buzz

FEBRUARY 21, 2025

Lease-purchase arrangements are receiving renewed attention from legislators looking for ways to make homeownership more accessible, and theyre a great way to help buyers who cant qualify for a traditional mortgage or pony up the money needed for a down payment. But that doesnt mean there arent risks involved for potential purchasers.

Landlords 221

Landlords Tenants Contracts Law 221

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. This meant mortgage rates were significantly higher than average. Mortgage spreads Last year, the 10-year yield hit 5% and mortgage rates got above 8%.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. And as demand slows, inventory grows.

Mortgage 514

Mortgage Inventory Sellers New Listings 514

Housing Wire

FEBRUARY 5, 2024

Mortgage rates are back up over 7% this morning on the back of strong economic growth data. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are 40 basis points higher than a month ago, and 100 basis points higher than a year ago. There are more buyers than sellers.

Mortgage 468

Mortgage Inventory Sellers New Listings 468

Housing Wire

APRIL 15, 2024

We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center , is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most of the voices in the media assumed that mortgage rates had peaked and would fall by now.

Inventory 458

Inventory Mortgage New Listings Sellers 458