Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

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Housing Wire

AUGUST 2, 2024

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July.

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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. This squeezed inventory even further throughout 2022 and 2023, pushing home prices to record highs month after month.

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Appraisal Buzz

JULY 6, 2021

The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them. The post Sellers Are Rejecting FHA/VA Backed Offers; Buyers Passing Instead of Compromising appeared first on Appraisal Buzz.

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Appraisal Buzz

MARCH 3, 2025

in February of previous year, indicating that sellers are becoming more accustomed to the present market conditions. over the previous year, making 2019 February the most active month for sellers since 2021. Sellers also listed their homes at higher rates than the previous year, with the number of newly listed homes rising 4.2%

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Housing Wire

MARCH 27, 2025

“As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. Modest down payments often used by first-time buyers or those with government-backed loans also increased but remained below 2022 peaks. For all of 2024, buyers put down an average of $29,900, or 14.4%

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Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

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Housing Wire

MARCH 26, 2025

This is what happens when you have government by a committee of 900, Cantrell said. Under what NAR is calling its MLS Listing Options for Sellers policy , sellers will have the option to delay marketing their listing publicly as long as they sign the required disclosure.

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Housing Wire

FEBRUARY 26, 2025

Buyers, sellers and practitioners in the housing market pay close attention to the headlines that emerge from various changes in market activity, and sometimes those headlines can lead to fear. That fear trickles through to homebuyers and sellers, often leading them to stay on the sidelines.

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Appraisal Buzz

FEBRUARY 5, 2025

Demand at distressed property auctionsfor both foreclosure auctions and bank-owned (REO) auctionshas drifted lower to end 2024 as market headwinds such as rising retail inventory and higher-for-longer mortgage rates intensified for the local community developers buying at auction.

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Housing Wire

AUGUST 3, 2022

The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GSEs). How borrowers can stay afloat with home equity products during difficult economic times. Presented by: Altisource.

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Appraisal Buzz

MARCH 27, 2025

As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. However, if for-sale inventory fails to keep up with increased buyer demand, down payments could climb once again as the result of increased competition. In the fourth quarter of 2024, down payments were 3.4

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Housing Wire

SEPTEMBER 13, 2023

It allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. Moreover, many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. So why is this program so rare?

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Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Housing demand remains strong as the year comes to an end amidst tight inventory and steep home-price growth,” Kan said. Refinances represented 63.3%

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Housing Wire

AUGUST 8, 2024

Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So, When you have to bring in more cash, it is a big deal,“ he said.

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Housing Wire

FEBRUARY 13, 2025

Nationwide housing inventory showed a glimmer of recovery toward the end of 2024. Im seeing a lot more inventory hit the market than I have in past years, but its not nearly enough,” Charles Wheeler, a San Diego-based Redfin Premier agent, said in the report. month over month in January. According to the report, Washington, D.C.,

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Housing Wire

FEBRUARY 13, 2025

Our position is that the rule should be relaxed to provide more flexibility to sellers. However, we oppose a blanket repeal as we believe transparency and access to all available inventory are in the best interest of both sellers and buyers, Schneider said. to advocate for this and other issues.

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Housing Wire

MAY 14, 2024

In the scenario where more inventory comes into the market and rates come down, we are well positioned to capture upside to last year’s performance,” Nolan added. In addition, we are our first line of defense in helping protect buyers and sellers from real estate and wire fraud.

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Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. The monthly Mortgage Credit Availability Index fell by 0.7% last month, according to the Mortgage Bankers Association. and the Conforming MCAI dropped by 1.9%.

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Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

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Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. As of Feb. According to data from Altos Research, as of Feb.

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Appraisal Buzz

APRIL 8, 2025

Sellers are still in the drivers seat in the Northeast and inNorthern California, where buyers are competing for the few homes that are available. Customers have the ability to negotiate for a better price, and a greater percentage of sellers are lowering their pricing. However, sellers continue to hold the advantage in other areas.

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Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

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Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. So why is this program so rare?

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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. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. Inventory is very low and just inching up now week over week late in the summer. That’s blatantly wrong.

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Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

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Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Housing Wire

APRIL 7, 2023

The government-sponsored enterprise’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, rose 3.3 On the seller side, 58% said it was a good time to sell, an increase from 54% in March. points to 61.3

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Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. The quick increase in mortgage rates created an uphill battle for many Americans who want to buy a home by locking up inventory and making the homes that do hit the market too expensive.

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Housing Wire

OCTOBER 12, 2022

trillion in 2023, according to the government-sponsored enterprise. Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. The latest forecast also projects total mortgage origination activity at $1.6

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Housing Wire

AUGUST 20, 2024

Earlier this month, some loan officers reported pricing in the high-5% to low-6% range on government loans and in the mid-6s for conventional loans. The recent decline in mortgage rates has stoked optimism across the real estate and mortgage sectors after a tepid spring and summer of home sales. The brokerage found that U.S.

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Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. By loan type, conventional loans backed by Fannie Mae and Freddie Mac took the lion’s share at 72.9% of loan applications, followed by just 15.8% of FHA loans, 10.3%

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Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Sellers are even using this as a tool to attract buyers. It never will be.

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Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. .

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Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

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