Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? What levels should we be hoping for? Then this happened.

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Housing Wire

AUGUST 1, 2022

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high.

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Housing Wire

AUGUST 22, 2023

Foreclosure inventory hit a 15-month low in July representing the continued strength of mortgage performance. Serious delinquencies – which refer to 90+ days past due – continued to improve, falling to 468,000 – the lowest level seen since the pre-Great Financial Crisis housing market peak and down 161,000 (-26%) from July 2022.

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. 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.

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Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. According to Altos Research data , housing Inventory fell by 6,201 over the last week; the decline is less this week than last.

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Housing Wire

APRIL 4, 2025

Office exclusives are becoming an increasingly significant segment of the Bright MLS marketplace, according to a recent Bright MLS study examining their impact on the broader housing market. This shift is prompting real estate professionals and consumers alike to reevaluate implications of this marketing approach.

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Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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Housing Wire

AUGUST 30, 2023

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Despite higher mortgage rates, inventory growth still slow

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

FEBRUARY 24, 2024

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. The year-over-year price data has been stabilizing since Nov.

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Housing Wire

JUNE 13, 2024

. “Ultimately, the best thing we can do for the housing market is to bring inflation down, so that we can bring rates down, so that the housing market can continue to normalize.” Freddie Mac’s latest index, released on Thursday, shows that 30-year fixed mortgages are averaging 6.95%.

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Housing Wire

FEBRUARY 17, 2022

Then I took a look at housing completions at 1,246,000, and it reminded me of the sad state of the housing market. However, the COVID-19 pandemic happened in the middle of the most enormous housing demographic patch ever recorded in our history. Housing permits. We have the demand — we just don’t have the supply.

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Housing Wire

MAY 6, 2022

Some historical references: The last two times rates rose, this is what we saw — 2013/2014 negative — 20% year over year trend 2018 purchase application data was flat to slightly positive all year long; we only had three mild negative years over year prints when rates headed to 5%. This data line is trend survey data.

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Housing Wire

AUGUST 3, 2022

The question is, can lower mortgage rates save the housing market from its recent downtrend? So we can’t reference this period of time with rates falling as we did the previous expansion due to the massive increase in home prices and the bigger mortgage rate move. Traditionally, total inventory ranges between 2 to 2.5

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Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. A more active market would have a rate closer to 40 or 50 for every 1,000 homes.

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Housing Wire

FEBRUARY 24, 2023

The number of borrowers 30-days late decreased by 46,000, or 4.8%, from the previous month, while serious delinquencies – which refer to 90-plus days past due – improved again, falling by 4,000, or 0.7%, during the same period. Inventories that were 90-plus days late on mortgage payments increased largely in Florida.

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Appraisal Buzz

OCTOBER 23, 2024

It is customary to refer to households that are over this 30% threshold as “rent-burdened.” Department of Housing and Urban Development (HUD), especially through the use of Housing Choice Vouchers (HCVs). The participating household pays the landlord directly with the housing subsidy.

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Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

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Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. In a low inventory situation, numerous people may be interested in a single listing.

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Housing Wire

MARCH 9, 2021

The brokerage calculated home-equity gains throughout 2020 for each neighborhood type for homeowners who purchased a home anytime during 2019, using January 2021 Redfin Estimates as a proxy for current market value. were used in the report to refer to a person who bought a home in a neighborhood of primarily one race or another in 2019.).

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Housing Wire

DECEMBER 13, 2022

“New home sales are holding up better than existing home sales because new home sales really took a dive during the foreclosure crisis and never fully recovered from that, and hence they had a low base reference to compare,” Yun said. to $384,500.

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Housing Wire

JULY 8, 2022

Below, Healy answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Rogers Healy: This is my favorite article because it accurately outlines how the housing market is not the only factor in a recession. Rogers Healy: They’re heading back to their roots.

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Housing Wire

DECEMBER 5, 2024

Census Bureau over a five-year period shows that prices for manufactured homes have risen by nearly 60% as the nation continues to contend with a housing affordability crisis that stems in part from a shortage of sufficient inventory. The study from LendingTree found that the average price of a new manufactured home sold in the U.S.

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Housing Wire

MARCH 7, 2024

million middle-class families purchase their first home over the next two years,” the White House said. The president will also call for a new credit to “unlock inventory of affordable starter homes, while helping middle-class families move up the housing ladder and empty nesters right size,” the White House said.

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Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

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Housing Wire

AUGUST 31, 2022

The SFBFR market is a means to add inventory amid challenges over housing affordability and down-payment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure.”.

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Housing Wire

JULY 19, 2023

As we can see in the chart below, the NAHB/Wells Fargo Housing Market Index (HMI) data, which surveys homebuilders, is above 50 again. This means homebuilders are feeling confident enough to issue more housing permits , as we have seen growth in single-family permits the last few months.

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Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Housing Wire

MARCH 22, 2023

In a notable shift this month, led by the sudden failures of Silicon Valley Bank (SVB) and Signature Bank , the central bank’s policy statement removed the reference to “ongoing” hikes and noted instead that “some additional policy firming may be appropriate.” Rates were lower at 6.45% on Wednesday on Mortgage News Daily. ​​In

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Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. However, when taking a longer timeframe for reference, mortgage rates averaged 7.8% Inventory remains thin.

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Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. All new components.

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Housing Wire

APRIL 27, 2022

Up for the challenge, I created the phrase the forbearance crash bros , knowing that the housing crash addicts in America lack a financial credit profile risk analysis background. housing market like these bearish Americans and foreign citizens were screaming about in 2020 and 2021. We Americans aren’t that complicated.

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Appraisal Buzz

DECEMBER 9, 2024

To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. However, individual comparable sales exhibited different trends relative to the market average: Figure 1 For more information, refer to the Fannie Mae Selling Guide, section B4-1.3-09.

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Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. I think the stock market will recover.

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Housing Wire

JUNE 21, 2023

In other words, the multifamily deliveries will likely relieve pressure in the form of rents and help with overall supply, but the inventory deliveries likely won’t do much for the sales market. And we still have a long way to go in meeting overall housing demand. Homebuilders today have a big advantage. And in California, Gov.

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Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

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Housing Wire

FEBRUARY 14, 2025

” The term refers to the historical use of ADUs as additional units for homeowners looking to house their aging parents. Today, all generations in certain parts of California may need them to rebuild housing stock. The program targets new construction and converts existing unpermitted units to meet building codes.

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