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If youre thinking about buying or selling a house and wondering about the housingmarket, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Is It a Buyers Market?
However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans. I prefer not to dwell on this misunderstanding, but I want to highlight the importance of reading: the chart that was used to start this confusion specifically references multifamily data. Its not even a clever lie.
Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housingmarket demand may be reaching its peak, according to a recent study from Redfin. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .” from a year ago.
With fluctuating mortgage rates and economic pressure in the housingmarket, foreclosure activity ramped up in October 2024. Foreclosure Market Report on Tuesday. Foreclosure starts — which refer to lenders that have started the process but have yet to repossess the home — tell the same story, albeit from another angle.
housingmarket. According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. CoreLogic predicts that investor market share will likely remain steady unless mortgage rates drop.
Rising supply is one of the housingmarket highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic. The report focuses on homes that were on the market for at least 60 days at end of the month.
The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housingmarket this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he
We’ve all been wondering what 5% plus mortgage rates would do to the hot housingmarket, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housingmarket. Have higher rates worked? Some data to consider: 1.
Understanding that real estate housingmarkets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. RealTrends excludes transactions such as commercial, rentals, lease, land, empty lots, and outside referred business from published totals.
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housingmarkets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housingmarkets. She’s also referring to a new group of homebuyers.
housingmarket is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. HousingMarkets The median household income for the average homebuyer increased from $107,000 in 2022 to $108,800 in 2023.
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.
While recent housingmarket reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a report from Business Insider.
Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate. However, the slowdown in price growth is a positive development for the housingmarket, which desperately needs it. Today, I want to explain why this topic is essential as we look ahead to the rest of 2025.
StorageCafe’s analysis ranked the 50 most popular moving routes based on “individual move-ins,” referring to one relocation event where an individual household from California establishes a new residence in Arizona. The census report collected data from 3.5
The housingmarket 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? However, you don’t need to be a rocket scientist or have a Ph.D.
Satisfied past clients become valuable advocates, referring you to their family, friends and neighbors when it’s time to sell. By aligning yourself with a reputable brokerage or team, you gain access to a network of experienced agents who can refer business to you and provide valuable guidance.
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. billion, according to a review of bond-rating and industry reports.
Last week was wild, and not just for the housingmarket. We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over the weekend to stop the contagion. Mortgage rates fell even though the jobs report was stronger than anticipated. Last week, the year-over-year data was only down a smidge.
real estate market. It also examines climate risk awareness, house price trends and gross domestic product (GDP) shifts extending to 2055. Climate risk awareness refers to a particular region’s vigilance against climate risks in terms of policies and practices.
Amid the whirlwind of economic forces impacting the housingmarket, one trend stands out. Multigenerational housing, once a rarity, is now becoming commonplace and reshaping not just how we live, but also how we lend and borrow. There are dozens of scenarios that could cause families to choose multigenerational housing.
housingmarket. Property insurance underwriting plays an important role in housingmarkets and the overall economy. It has evolved to become a highly regulated industry at the state level, unlike the housing finance system, which is largely regulated at the federal level.
Department of Housing and Urban Development (HUD)s Housing Choice Voucher (HCV) program for rental assistance , widely referred to as Section 8 vouchers. The source of the financial discrepancy reportedly came from the misallocation of funds tied to U.S.
That homeowner over the years has referred 10 refinancing opportunities to Sandoval. The sharks are circling now,” she said, referring to the predatory pre-foreclosure players who may try to buy at a lowball price or offer the homeowner a too-good-to-be true solution that leaves them worse off. “As
Less than a month after announcing its sixth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, Fannie Mae is unveiling its seventh CAS transaction of the year — an $866 million note offering backed by a reference pool of single-family mortgages valued at $30.6 Creating a path to success in today’s purchase market.
This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housingmarket questions for our HW+ members. In each Q&A, we attempt to bring clarity to the top questions around housing supply shortages in 2021, the future of foreclosures and the future generation of homebuyers.
HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housingmarket , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows.
The second is in reference to housing inventory. The first is related to the demographic trends playing out across the U.S., in which older people are on track to overtake children as the largest age group over the next decade.
On HousingWire branding calls earlier this year, someone asked us what our tagline, “Moving Markets Forward,” means to me. Having referred to this phrase for over 10 years, the explanation we’ve used is as adaptable and forward thinking as the saying is supposed to be.
The housingmarket overall is on strong footing, but the data show that lenders are being cautious, given the spike in mortgage delinquency rates in the second quarter, as well as the ongoing economic uncertainty,” said Joel Kan, an MBA associate vice president. The group’s Mortgage Credit Availability Index fell 1.9%
The National Association of Realtors Confidence Index Survey for April reveals how hot the housingmarket is. However, there are signs that housingmarket demand may be reaching its peak, according to a recent study from Redfin. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).
billion so far this year that are secured by reference loan pools valued at $78.6 billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 billion note against a reference pool of 143,889 single-family mortgages valued at about $45 billion.
That can include being a housingmarket expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. This can create conflicts of interest, and real estate agents generally shy away from this.
Furth says that housing policies can affect every aspect of a person’s life — including family formation, friends, travel, recreation and more. The industry, he says, refers to this principle as “ the housing theory of everything.“ Next, Furth dives deeper into the primary issues facing the housingmarket.
No, instead it’s a place to reinject life into this savagely unhealthy housingmarket.” By uniting the Gathering of Eagles and HousingWire Annual conferences, we are bringing together leaders from critical housingmarket services providers in one location, at one time at a critical time in our industry.” “We
Census Bureau reported that housing permits came in at an excellent print at 1,899,000 , surprising me. Then I took a look at housing completions at 1,246,000, and it reminded me of the sad state of the housingmarket. You can understand why I keep saying this is the unhealthiest housingmarket post-2010.
That’s a reference to the song “Mama Said Knock You Out” from L.L I have used this in other articles and interviews, which runs in line with my big macro take that what drives the housingmarket are mortgage rates and demographics. So, you shouldn’t be surprised about what I am writing today.
Despite what they promised, we sit here today with the United States housingmarket outperforming all other economic sectors in the world during the pandemic. In order for the housingmarket to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.
Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housingmarket collapse of the late 2000s. As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion.
HousingWire Daily is also part of my daily routine that I reference to stay on top of industry matters that affect decisions I make as CEO. Bill Lowman: The challenges of the 2008 and 2020 housingmarkets all brought different learning opportunities for me as a leader — and in hindsight some of the biggest gifts.
The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. These minimum price limits serve no legitimate purpose.
According to a press release published by the administration, this is the first consolidation of policies for the Title I program in almost 40 years, and will remove the need for lenders to refer to more than 120 separate policy documents. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.
Gen Z buyers are entering the housingmarket, and their demographics are emerging distinctly from other age groups,” Lautz said. Similarly, sellers showed a high likelihood of reusing or referring their agents. Generation Z, which comprises individuals between ages 18 and 24, only accounted for 3% of all buyers.
The Civil Rights Movement changed that reality and sparked a phenomenon known as white flight, referring to the mass exodus of white residents from a particular area. In the 1960s, Black residents werent qualified for mortgages in places like Altadena. Black residents enacted their own exodus albeit for a different reason.
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