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has experienced two decades of slow but steady housingmarket growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. In 2023, total inventory hit 144 million housing units, a 16.7% Americas Boomtowns: Which Cities Grew HousingInventories the Fastest?
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. ” “Higher priced” homes in hot housingmarkets in cities such as Los Angeles, Palm Beach and Phoenix are also increasingly in short supply, the report’s authors found.
As mortgage rates fluctuate based on decreasing housinginventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Only automation and technology can tackle this new demand effectively, and that’s where Jaro comes into play.
housingmarket continue to present challenges for the entire housing system: chronic inventory shortages and an alarming number of destructive natural disasters stemming from climate change. Icon is currently building an entire subdivision of homes in the Austin area using its own 3D printing technology. “We
The Des Moines housingmarket has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housinginventory in the Des Moines housingmarket is tight. Presented by: MCS .
HousingMarket Supply and Demand: An analysis of housinginventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housinginventory trends and construction pressures affecting pricing and availability.
The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housingmarket sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.
Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housingmarket and consumer confidence to sell or buy a home, decreased by 2.7 Last year, the market experienced record-breaking volume. The post Fannie Mae: Consumers still wary of housingmarket appeared first on HousingWire.
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 housingmarket. And the housingmarket would likely slow further in the coming months if mortgage rates remain persistently high.
The Federal Reserve ‘s effort to temper inflation has cooled the housingmarket that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housingmarket is the strength in new-home sales. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5%
The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern Californias housingmarket. What we did is took all of our internal homes, data, inventory, our parcels, and we matched the fire data into that.
markets that have the “it” factor, as Columbus, Ohio; Knoxville, Tennessee; and Louisville, Kentucky claimed the top three spots in terms of popularity with online searchers over the past year. Coming in second on the list was Knoxville, Tennessee, recognized as a top emerging housingmarket in both Summer and the Fall of 2023.
The acquisition gives Compass a firm footprint of high-end homes in an area with an expensive housingmarket. We are confident that aligning with Compass unlocks clear benefits for WFPs agents and their clients, offering them access to innovative programs, cutting-edge technology , and more inventory within our combined network.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. What’s the role of tech as lenders play the long game in this market?
Local housingmarkets is a HousingWire magazine feature spotlighting housing trends across the country. Recently, Bergen County has been home to one of the hottest housingmarkets in the country. A lack of inventory still exists in Bergen County,” Stokes said. Bergen County, N.J. Charleston, W.V.
But for the past 12 months, the metro’s housingmarket has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. “So, Companies with offices in “Silicon Slopes” include Domo, Adobe, eBay and Facebook. “We’ve
Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 47.4% are optimistic.
With low housinginventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housingmarket and how Radian is helping further homeownership.
Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housingmarket, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. labor force are not vigorous.
SB: Some of the challenges are affordability, lack of housinginventory and slow sales. So what that means to me is that we have to give loan officers a platform to be able to better educate their clients, to combat the combination of rates going up and home prices going up you have to empower them to get them prepared for the market.
As the housingmarket 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. Jim Riccitelli, CEO of Unlock Technologies, said there is about $1.5
In its announcement, Splitero said the move aims to combat rising living expenses and inventory shortages in housingmarkets nationwide. The company announced on Wednesday that it’s expanding to Florida , Nevada , Ohio, Pennsylvania and South Carolina. This move follows a mid-November 2024 expansion to Arizona.
Home Sales Slow as Prices and Inventory Rise Due to the high cost of purchasing a homemortgage rates are close to 7%, and housing prices are rising 4.8% At $2,753 per month, the median house payment is slightly below the record high set in April. 26) Essentially unchanged Google Trends Key Housing-Market Data National U.S.
In 2021, HousingWire published an article spotlighting Austin as one of the hottest housingmarkets in the country. 1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020. It was hard to find a house anywhere — and Austin was no exception.
But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.
While a lack of inventory still remains an issue, Cohen expects first time buyers to come back to the market now that they’ve become more realistic with mortgage rates and rents soaring. “I I really think until we see inventory move in our favor, it’s still going to be a tough market for a buyer.
From a slower housingmarket to the industrywide business practice changes , there is no doubt that 2024 was a challenging year for real estate brokerages, but Anywhere Real Estate believes these challenges have helped to set it up for success in 2025. The brokerage giant recorded revenue of $5.7
Further, we will do everything we can to support a strong labor market as we progress toward price stability.He indicated that Federal Open Market Committee (FOMC) participants were targeting the federal funds rate to be at 5.1% by the end of 2024, 4.1% by the end of 2025, and 3.1% by the end of 2026. interest rates for the current 6.5%
As interest rates ease and housinginventory stabilizes, mortgage companies are likely to start ramping up their recruiting strategies. Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies.
The not-for-profit company released an array of data about the Washington market on Tuesday. As journalists who cover what is new, we’d love to tell you that, according to the numbers, the vise grip of low inventory and high demand is weakening. Take inventory. But inventory in the Pacific Northwest is still falling.
As housinginventory continues to tighten, making it harder to agents to complete transactions and earn commissions, Harley believes that Fathom’s flat fee model will help the brokerage attract even more agents, leading to an increase in the overall number of transactions closed. Core services to bring profitability.
Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes. month’s supply of homes. month’s supply of homes.
With little inventory, home-price growth in the U.S. “While the housingmarket feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp. hit a record high in June, rising 18.6%
Growth in the off-campus student housingmarket creates massive opportunities for property management companies. College enrollment is increasing for the first time since the pandemic, driving off-campus student housing revenue that outpaces multifamily rents in the same markets.
Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. How technology can help underwriters work more productively. Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory,” said Kan.
Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09. Additionally, technological advancements allowed companies to acquire and manage large portfolios of single-family homes more easily.”
It’s no secret the housingmarket has seen a surge in the last year. And while housing demand is booming, the industry is still struggling with low inventory. The two companies featured in this section offer platforms that leverage technology so real estate professionals can provide excellent customer service.
Creating a large following on Instagram , he offers updates on the housingmarket, tips on the home-buying process and so much more. Below, Dhingra answers questions about the housing industry: HousingWire: What were some of your biggest takeaways from last year’s HW Annual event? Embrace it or be pushed out by it. .
As of December 2020, 27% of homeowners and 35% of renters had asked for a housing payment postponement, most commonly due to uncertainty over making payments beyond the next one, Freddie Mac said. The fading concern over making mortgage payments comes amid a period of incredible confidence in the housingmarket.
Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Those savings will be used for additional technology improvements and produce specialized products to address “today’s housingmarket challenges,” he said.
As the firm looks to the future, executives said they are continuing to focus technological developments. Our investments include internally developed solutions and the deployment of technology through strategic partnerships and alliances. We remain confident that we are well positioned to capitalize on improving market conditions.”
In addition, any reprieve in the housinginventory shortage created by more multifamily units hitting the market is expected to be short-lived. In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housingmarket is now extremely supply challenged.
First-time homebuyer activity decreased mostly in part due to the economic effects of the pandemic, but it still remains the most active segment in the purchase space of the housingmarket. A quick rebound in May moderated the market decline.”. A quick rebound in May moderated the market decline.”.
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