Remove 2020 11 18 next-year-has-already-started
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Housing Market Tracker: Higher rates crush purchase apps 

Housing Wire

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. Here is a quick rundown from last week: Purchase applications fell 18% week to week and hit levels not seen since 1995. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year.

Marketing 448
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Why home-price growth is still up 18% year over year

Housing Wire

On Tuesday, the S&P CoreLogic Case Shiller Index reported that national home prices grew 18% year over year. months even if the last existing home sales report showed home price growth of near 11% year over year. Case in point, purchase application data is already below 2008 levels today.

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The forbearance crash bros spoke too soon

Housing Wire

The health and economic crisis has made 2020 a horrific year for many Americans. From my perspective, that ball in Times Square can’t drop fast enough hailing the end of this year. The COVID Housing Crash of 2020 that they promised has now been repurposed as the Forbearance Crash of 2021.

Equity 545
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US housing market is at a crossroads

Housing Wire

Census Bureau report released late last week spurred a bout of optimism when it revealed that new-home sales jumped by nearly 11% month-over-month in May on a seasonally adjusted basis, after declining by 12% in April. million, the lowest since June of 2020 and similar to pre-pandemic levels.”. For some of the good, a U.S.

Marketing 421
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

The last two years have been a wild ride. The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Mortgages 458
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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

While the pace of mortgage originations has fallen off somewhat this year relative to a record 2020, I expect that servicing will get an increased focus over the next year. Last year, the FHA delinquency rate reached an all-time high of 15.65%. Foreclosure moratoria were in place through July of this year.

Mortgages 485
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The great mortgage bank consolidation wave is underway

Housing Wire

That’s particularly true for independent mortgage banks (IMBs) that have been too reliant in recent years on refinancing production. The Mortgage Bankers Association (MBA) projects refinancing volume will be down by 24% next year, compared with 2022, to $513 billion — and that’s after plunging from $2.6 trillion in 2021.

Banks 397