Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. Inventory seems to have peaked for the season and is slowly inching down. First, mortgage rates are falling, whereas last year they were rising. Inventory growth is slowing as mortgage rates fall.

Inventory 407

Inventory Marketing Sellers New Listings 407

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

Inventory 489

Inventory Buyers Construction Sellers 489

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 418

Inventory Sellers Mortgage Marketing 418

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. Weekly housing inventory data Higher rates lead to more inventory.

Mortgage 517

Mortgage Inventory New Listings Retail 517

Housing Wire

JULY 24, 2024

Homebuilders are still getting squeezed by high mortgage rates. The drop in sales is causing a rapid rise in unsold inventory. Though new home inventory in June remained elevated at a 9.3-month Though new home inventory in June remained elevated at a 9.3-month That’s according to the U.S. That represents a decline of 7.4%

Inventory 393

Inventory Construction Realtors Marketing 393

Housing Wire

OCTOBER 18, 2024

.” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida. Inventory has also been surging — it was up to nearly 10,000 units last week, a sharp rise from about 6,300 a year ago.

Marketing 478

Marketing Mortgage Finance Lending 478

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? We don’t have that variable this year and spreads have improved earlier than I thought, which has helped mortgage pricing.

Mortgage 498

Mortgage Inventory New Listings Housing Market 498

Housing Wire

MAY 23, 2024

The pricing surge comes despite a marginal dip in weekly average mortgage rates , which fell from a five-month high of 7.22% to 7.02% at the beginning of May, according to Freddie Mac. The market continues to grapple with insufficient inventory , Redfin reported. The median U.S.

Inventory 393

Inventory Sellers New Listings Buyers 393

Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? 10-year yield and mortgage rates There is nothing good to report on mortgage rates from last week. The week ahead will answer some of those questions early on.

Inventory 444

Inventory Mortgage New Listings Retail 444

Housing Wire

MAY 6, 2024

Nationwide equity on mortgaged homes soared to a record $16.9 The recent trend of rising interest rates has dampened homebuyer demand and allowed the inventory of homes for sale to improve,” Andy Walden, ICE’s vice president of enterprise research strategy, said in a statement. homeowners with mortgages have tappable equity.

Mortgage 475

Mortgage Inventory Housing Market Government 475

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. Texas inventory grew by 1.5%

Inventory 333

Inventory New Listings Sellers Buyers 333

Housing Wire

OCTOBER 23, 2024

And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. For-sale inventory at the end of September was 1.39 month supply of unsold inventory, up from 4.2 million, up 1.5% from August and up 23% from one year ago.

Inventory 367

Inventory Realtors Buyers Real Estate 367

Housing Wire

MAY 1, 2024

That puts the national inventory up 31.9% Brokers and agents , mortgage officers and other housing professionals continue to compete for their share of tight volumes and would need major industry growth to get back to 2019 levels. year-over-year, extending a 24-week streak of year-over-year increases.

Inventory 420

Inventory Agents Marketing Mortgage 420

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 491

Mortgage Real Estate Agent Renovations Finance 491

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. the month prior.

Sellers 508

Sellers Buyers Real Estate Agent Inventory 508

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” There are many policy levers that must be pulled to get there,” the report reads. “A

Construction 440

Construction Finance Development Marketing 440

Housing Wire

NOVEMBER 30, 2023

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. Bright MLS ’ 2024 forecast indicates that mortgage rates will fall to 6.5% on Thursday.

Mortgage 517

Mortgage Inventory Tools Investors 517

Housing Wire

JULY 15, 2024

Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. Maybe we’re finally past the peak of mortgage rates ? Inventory dipped during the week, which included the long July 4 holiday weekend. Inventory is 38.5% That was a notable change.

Housing Market 486

Housing Market New Listings Marketing Mortgage 486

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates.

Inventory 420

Inventory Construction Housing Market Finance 420

Housing Wire

AUGUST 6, 2024

Mortgage rates are dropping fast. Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. Are we past the opportunity for declining mortgage rates to help demand and pick up home sales in 2024? or 2% recently.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgage 402

Mortgage New Listings Inventory Sellers 402

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. I discussed this on Yahoo Finance this morning. However, that didn’t happen. million in October.

Mortgage 411

Mortgage Housing Market Inventory Contracts 411

Housing Wire

DECEMBER 30, 2024

Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. In fact, at $2,290, the typical mortgage payment for homebuyers is starting this next year at the highest level ever. The elephant in the room is affordability.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Real Estate 434

Real Estate Housing Market Real Estate Agent Marketing 434

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

Inventory 490

Inventory New Listings Finance Buyers 490

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

Mortgage 482

Mortgage Housing Market Inventory Construction 482

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. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

MARCH 12, 2024

In anticipation of Tuesday’s inflation reading, mortgage rates eased compared to last week. HousingWire’s Mortgage Rate Center showed the average 30-year fixed rate for conventional loans at 7.08% on Tuesday, down from 7.17% one week earlier. Inventory is now 21% higher than the same time last year. one week earlier.

Mortgage 419

Mortgage Inventory Marketing Finance 419

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” The Mortgage Bankers Association (MBA) on Dec.

Mortgage 505

Mortgage Inventory Marketing Finance 505

Housing Wire

JANUARY 20, 2025

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill. When will that be? I have no idea.

Mortgage 306

Mortgage Inventory New Listings Contracts 306

Housing Wire

SEPTEMBER 30, 2024

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. Inventory is climbing, too Inventory has been climbing too. Inventory is still rising right now. The rate of home sales is picking up!

Mortgage 439

Mortgage Contracts Inventory New Listings 439

Housing Wire

JUNE 10, 2024

Mortgage rate lock-in happens because even small changes in mortgage rates can make a big difference in costs. in April 2024 — with a 10% down payment, a typical mortgage would be approximately $350,000. For every 50 basis point change in mortgage rates, the monthly payment for this house would change by $112.In

Mortgage 388

Mortgage Inventory New Listings Sellers 388

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 461

Mortgage Renovations Appraisal Process Finance 461

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.

Mortgage 532

Mortgage Inventory Retail Construction 532

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. However, we need to be mindful that existing home sales data is working from record low levels of sales, so it doesnt take much to move the needle as I discussed on Yahoo Finance recently.

New Listings 492

New Listings Inventory Contracts Mortgage 492

Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4% for the week ending Dec.

Mortgage 520

Mortgage Marketing Inventory Finance 520

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. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

Mortgage 370

Mortgage Marketing Finance Retail 370