Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, 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 housing market. Some data to consider: 1. million at the end of 2017 to 4.98

Mortgages 492

Mortgages Marketing Sales Days on market 492

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. Tables have turned for some sellers.

Industrial 389

Industrial Mortgages Fixed-rate mortgage Principal 389

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market.

Marketing 401

Marketing VA loan Days on market Loans 401

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May. million in May.

Marketing 506

Marketing Days on market Sales Bankruptcy 506

Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” The days on market were too low.

Sales 537

Sales Days on market Mortgages Lending 537

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. The purchase application data has weakened as mortgage rates headed higher earlier in the year.

Sales 452

Sales Mortgages Days on market Investor 452

Marco Santarelli

JUNE 14, 2024

Housing market sees record highs but mortgage rates dip! Declining Mortgage Rates Offer Potential Relief In the meantime, the typical homebuyer’s monthly housing payment has slightly decreased to $2,829 , which is $30 below the record high in April. Market Overview Median sale price: $393,627 , a 4.4% The median U.S.

Mortgages 90

Mortgages Marketing Sales Days on market 90

Housing Wire

DECEMBER 20, 2023

I would argue yes, and the housing market today looks a lot like what we saw in late 2022. However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. So let’s take a look at the playbook.

Sales 430

Sales Marketing Days on market Mortgages 430

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Mortgage rates moving up and down have moved the market.

Marketing 527

Marketing Sales Mortgages Days on market 527

Housing Wire

NOVEMBER 21, 2023

I say this because of the slow dance between the 10-year yield and 30-year mortgage rates since 1971. Last year, the 10-year yield fell from 4.25% to 3.37%, pushing mortgage rates lower from 7.37% to 5.99%. This last push lower in demand can be attributed to mortgage rates getting above 8% and the 10-year yield spiking to 5%.

Sales 363

Sales Days on market Mortgages Investor 363

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. Mortgage demand needs to slow down. However, the rate of price growth cooled down and days on market grew.

Days on market 535

Days on market Loans Mortgages Sales 535

Housing Wire

NOVEMBER 22, 2021

If home sales moderate from these levels, that would be perfectly normal to me because clearly now the existing home sales market is outperforming my expectations with these last two sale prints. Mother demographics and low mortgage rates can crush a lot of American bear’s hearts as they did in 2020 and 2021.

Sales 504

Sales Days on market Investor Mortgages 504

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. In 2021, mortgage rates were low enough to keep demand much higher than it is today.

Marketing 400

Marketing Mortgages Days on market Sales 400

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. Nothing good is happening in housing when days on market are so low.

Marketing 404

Marketing Mortgages Days on market Sales 404

Housing Wire

MAY 14, 2024

As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85 million (the lowest market segment) and a median price of $2.622 million was 35 days and 17 days, respectively.

Backup offer 360

Backup offer Days on market Inspection Marketing 360

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Of course, we have a third story in this U.S.

Marketing 478

Marketing Mortgages Banks Land 478

Housing Wire

DECEMBER 28, 2022

First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion. There will be two key differences between 2023 and 2010.

Marketing 482

Marketing Equity Mortgages Short sale 482

Inman

JANUARY 19, 2023

Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report. The dip was enough for buyers to navigate the winter market, but wasn't enough for would-be sellers to list.

Mortgages 143

Mortgages Marketing Days on market 143

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024.

Marketing 541

Marketing Investor Sales Days on market 541

Marco Santarelli

MAY 1, 2024

February defied expectations in the US housing market , with home prices surging 6.4% This marks the eighth consecutive month of gains, highlighting the housing market's unexpected resilience even with higher mortgage rates. year-over-year according to the Case-Shiller Index. on a non-seasonally adjusted basis.

Mortgages 52

Mortgages Marketing Days on market Sales 52

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news. Since Nov.

Marketing 502

Marketing Mortgages Sales As-is 502

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

Short sale 312

Short sale MLS Banks Loans 312

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Purchase apps look out for 30-90 days, so it will be some time before this hits the home sales data.

Marketing 429

Marketing Mortgages Sales As-is 429

Housing Wire

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. And third, mortgage rates will stay low during these five years of great demographics and long housing tenure. Before COVID-19, housing market data broke out for the first time in a long time.

Marketing 545

Marketing Sales Mortgages Days on market 545

Keeping Current Matters

SEPTEMBER 2, 2021

Mortgage Rates. If we look at the 30-year mortgage rate chronicled by Freddie Mac , we can see the average rates by decade: 1970s: 8.86%. Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Currently, mortgage rates are anything but usual, typical, or routine. 1980s: 12.7%.

Marketing 255

Marketing Days on market Mortgages Residential 255

Housing Wire

SEPTEMBER 6, 2023

Turning first to the price indices, the FHFA All-Transactions index is a weighted, repeat-sales index of single-family properties with mortgages purchased or securitized by Fannie Mae or Freddie Mac since 1975. In the index, the base year with an index value of 100 is the first quarter of 1980. This quarterly index reached 645.18

Finance 392

Finance Days on market Mortgages Sales 392

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

Marketing 393

Marketing Residential Construction Mortgages 393

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

Residential 418

Residential Construction Finance Sales 418

Realtor.com

JANUARY 27, 2023

Getty Images Mortgage rates are down again this week, which means things are looking up for homebuyers. The average rate for a 30-year fixed-rate mortgage ticked down 2 basis points to 6.13%, according to Freddie Mac , continuing a pattern of rates seesawing lower since topping 7% in the fall. ” This March will be different.

Mortgages 118

Mortgages Fixed-rate mortgage Days on market Marketing 118

Realty Biz

APRIL 18, 2022

Rapidly rising mortgage rates may help to reduce housing demand this spring, as the worsening affordability causes more buyers to be priced out of the market, experts say. Mortgage applications are already down more than 6%, according to a report by Redfin. Keep an eye on days-on-market and a decrease in multiple offers.

Mortgages 95

Mortgages Days on market Sales Marketing 95

Housing Wire

JANUARY 12, 2023

Reflecting the seasonality of the market and home sellers’ increased reluctance to list amid weakening buyer demand and a volatile mortgage rate environment, the number of new listings was down 21.0% Thanks to elevated mortgage rates and home prices, the typical mortgage payment is up nearly $750 a month, a 58.9%

Mortgages 519

Mortgages Marketing Days on market Closing 519

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. Home buyers got spooked when mortgage rates passed 5.5%. The price of new listings is dropping.

Marketing 309

Marketing Mortgages Equity Days on market 309

Housing Wire

JANUARY 19, 2023

“Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday. The report noted that “most bankers reported that residential mortgage demand remained weak.”

Marketing 377

Marketing Residential Construction Sales 377

Housing Wire

DECEMBER 1, 2022

Higher mortgage rates , inflation and recession fears are the key factors holding back home demand in districts including Boston and Philadelphia, said the economists, market experts and business organization leaders interviewed for the report. million this year, and mortgage origination activity is forecasted to slip to $1.74

Marketing 315

Marketing Residential Construction Sales 315

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022.

Marketing 401

Marketing Sales Mortgages As-is 401

Housing Wire

JANUARY 22, 2021

The big take-home is that 2020, despite the COVID crisis, began a period in our country (the years 2020-2024) when we have both the best housing demographics ever combined with mortgage rates low enough to keep housing stable for years to come. We saw hints of this prime housing market period as early as February of 2020.

Marketing 545

Marketing Sales Days on market Investor 545

Real Trends

APRIL 8, 2022

Soaring mortgage rates are largely to blame, according to Redfin’s economists. The report examined housing market data in over 400 U.S. The report attributed the increase in price drops to rising mortgage rates and suggests that the sellers’ grip on the market might be starting to loosen. percentage points in 2019.

Mortgages 86

Mortgages Days on market Marketing Sales 86