Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks.

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Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan.

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Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. housing market in 2024.

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Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. According to the latest FHFA data , as of Q3 2024, 17.2%

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Housing Wire

SEPTEMBER 12, 2024

Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market.

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Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Additionally, ADUs present an excellent solution for housing family members in need including aging parents by adding infill housing in the most desirable neighborhoods.

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Finance Construction Tenants Renovations 459

Housing Wire

DECEMBER 3, 2024

Prospective homeowners enter the housing market with two questions: Where do I begin? Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. BuyAbility uses the latest mortgage rates, and shoppers can change their financial details to test their BuyAbility.

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Tools Finance HOA Property Taxes 335

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. We’ve got this total rate-lock event.”

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Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in a deep housing recession this year. To get the weekly picture of the housing market, watch the video above. Housing inventory.

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Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Housing Market Marketing Real Estate Agent Real Estate 520

Appraisal Buzz

OCTOBER 9, 2024

New national data concerning manufactured home price trends have been released by the Federal Housing Finance Agency (FHFA). Data on the movement and level of manufactured house prices nationwide are released quarterly by the FHFA in the form of the House Price Index (HPI) and median prices for manufactured homes.

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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. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while.“ Data from the U.S. in 2024 and to 6.4%

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Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. The MBAs mortgage applications data has been surprisingly strong.

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Appraisal Buzz

JULY 8, 2024

Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to stagnate home sales. Greater shares of consumers also indicated belief that home prices and mortgage rates would rise over the next 12 months.

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Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. In terms of mortgage rates , 63% predict they will stay flat, reflecting a broader expectation of stability.

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Housing Wire

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022.

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Housing Market Marketing Buyers Modernization 508

Housing Wire

DECEMBER 2, 2024

Real estate investment and operating platform Wrightwell has secured a new financing round while forging a partnership with Bain Capital and Saluda Grade. The agreement, announced on Monday, will aim to address “critical residential housing needs across the U.S.,” housing and financing operating companies.”

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Housing Wire

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

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Housing Wire

AUGUST 14, 2024

The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. In addition, a sizable amount of the inventory is new construction, and builders are able to offer better financing terms for buyers with their in-house mortgage businesses. year over year.

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Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. for the first time since September, according to new data from Freddie Mac.

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Mortgage Housing Market Investors Marketing 525

Appraisal Buzz

JUNE 19, 2024

With affordability still a major factor in home buying decisions, knowing which markets offer lower home prices, high military homeownership rates, and a lower forecasted unemployment rate can help military households across the U.S. Factors in ranking markets In seeking out the 10 U.S. find the best town for their family.

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Housing Market Marketing Real Estate Agent Real Estate 394

Housing Wire

SEPTEMBER 6, 2024

To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members in these two generations. It concluded that the most favorable markets are on the East Coast and in the Midwest. The city that topped the list is Tampa. and the quality of life score ranks No.

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Housing Market Marketing Insurance Buyers 395

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. Remember that we track housing data differently than the NAR, but these are the big four from their report. I discussed this on Yahoo Finance this morning.

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Mortgage Housing Market Inventory Contracts 411

Housing Wire

SEPTEMBER 4, 2024

housing investing at Minneapolis -based Värde Partners , and Karen Kulvin, a former senior managing director and co-head of the real estate debt platform at Los Angeles -based Kayne Anderson Real Estate. “This is a pivotal moment in the market, and I look forward to helping Pretium continue its leadership in this space.”

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Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The current market has largely normalized and is experiencing a pause for the same reasons as many other markets across the country.

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Housing Market Marketing Property Taxes Inventory 385

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level.

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Mortgage Inventory New Listings Housing Market 498

Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. 28, a slight decrease from the 6.67% rate recorded on Dec.

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Mortgage Finance Housing Market Marketing 502

Housing Wire

MAY 6, 2024

home prices continued to climb in March as a persistent shortage of homes for sale helped to buoy the housing market, according to the Intercontinental Exchange (ICE) Home Price Index. Nationwide equity on mortgaged homes soared to a record $16.9 homeowners with mortgages have tappable equity. About 48 million U.S.

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Mortgage Inventory Housing Market Government 475

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. The Altos Market Action Index, which measures the balance between buyers and sellers, has dropped from 47 to 40 since May.

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Housing Market Marketing Sellers Buyers 374

Housing Wire

JANUARY 14, 2025

Mortgage rates continued their ascent this week after Fridays jobs report showed that employers added more positions than expected in December, which is likely to cement a pause on interest rate cuts by the Federal Reserve later this month. when the Federal Open Market Committee (FOMC) wraps up its next meeting on Jan. in November.

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Mortgage Housing Market Tools Marketing 369

Housing Wire

SEPTEMBER 19, 2024

Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.

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Mortgage Finance Lending Insurance 453

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Ginnie Mae and the U.S.

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Housing Wire

SEPTEMBER 24, 2024

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago.

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Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

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Buyers Marketing Mortgage Real Estate Agent 470

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

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Mortgage Renovations Property Taxes Finance 312

Appraisal Buzz

NOVEMBER 7, 2024

On net, consumers continue to expect home prices to rise and mortgage rates to fall, with the latter component hitting another survey high this month. Mortgage Rate Expectations : The percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 42% to 39%.

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