Housing Wire

FEBRUARY 3, 2023

As labor and supply chain shortages also extend the timelines and budgets of projects, homeowners are favoring flexible financing options. Of those who plan to renovate, TD Bank’s survey also found that 78% plan to move forward with their renovations regardless of potentially longer wait times due to labor and supply chain shortages.

Renovation 375

Renovation Fixed-rate mortgage Equity Finance 375

Housing Wire

MAY 4, 2022

The price growth in today’s market is driven by market fundamentals: millennials, the largest living generation, are aging into their prime home-buying years at a time when the supply of homes for sale is historically low. Since then, the housing market has been underbuilt, and the supply deficit has grown.

Debt-to-income ratio 362

Debt-to-income ratio Equity Pre-approval Finance 362

Housing Wire

AUGUST 7, 2023

Many industries began to deploy electronic supply chains in the 1980’s. Behind the headlines of locked-in supply and tighter credit is the start of a new real estate cycle driven by the urbanization of the suburbs. Consumers, communities and taxpayers are major beneficiaries.

Lending 349

Lending Loans Technology Brokerage 349

Housing Wire

SEPTEMBER 21, 2022

Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average.

Equity 454

Equity Mortgages Lending Marketing 454

Housing Wire

AUGUST 23, 2023

Elevated rates and the erosion of purchasing power has resulted in potential buyers fleeing the market, noted Joel Kan, MBA’s vice president and deputy chief economist in a statement. “Low Low housing supply is also keeping home prices high in many markets, adding to the affordability hurdles buyers are facing,” he added.

Fixed-rate mortgage 342

Fixed-rate mortgage Mortgages Loans Investor 342

Housing Wire

NOVEMBER 2, 2023

The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. Lack of affordability, limited supply and the need to access equity without selling remain major friction points for homebuyers and homeowners alike. In fact, they might have become more challenging in many cases.

Purchase and sale agreement 348

Purchase and sale agreement Marketing Equity Finance 348

Housing Wire

MARCH 21, 2023

Higher mortgage rates have eroded buyers’ purchasing power and prices have taken a hit. months of supply at the current sales pace. “Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Sales 371

Sales MLS Mortgages Marketing 371

Housing Wire

AUGUST 19, 2021

While there is strong latent demand, low supply has caused prices to rise as shortages restrict the amount of sales activity that otherwise would occur.”. Builders are wary of repeating the mistakes of 2002 to 2005, when the market saw a glut of supply. Housing is in a similar phase of the economic cycle as many other consumer goods.

Mortgages 505

Mortgages Fixed-rate mortgage Banks Finance 505

Housing Wire

DECEMBER 23, 2020

2021 housing market tailwinds: Rates, demographics and supply. Low Mortgage Rates: According to our Potential Home Sales Model, the increase in house-buying power driven by historically low mortgage rates was a significant driver of the housing rebound from April through October.

Loans 512

Loans Sales Mortgages Marketing 512

Housing Wire

FEBRUARY 21, 2023

months of supply at the current sales pace. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. While there is much more inventory on the market than a year ago, the supply of homes is still half of what it was before the pandemic.” month over month and 15.3% year over year to 980,000.

Sales 362

Sales MLS Short sale Marketing 362

Housing Wire

MARCH 23, 2023

months of supply at the current sales pace. Higher mortgage rates, which approached 7% last month, have taken a toll, eroding buyers’ purchasing power,” Sturtevant added. The uptick in the sales pace in February resulted in a 0.7% This represents 8.2 year over year.

Sales 394

Sales Principal MLS Mortgages 394

Keeping Current Matters

JULY 12, 2021

When Supply Is Low, Your House Is in the Spotlight. month supply at the present sales pace, marginally up from April’s 2.4-month month supply but down from 4.6-months If you’re not happy with your current home, you can leverage that equity to power your move now. million units, up 7.0% from one year ago (1.55

Equity 266

Equity Days on market Mortgages Sales 266

Housing Wire

DECEMBER 20, 2022

The first part is core goods inflation , which increased dramatically in 2021 due to COVID-related supply disruptions in combination with a COVID-related demand surge for goods by domestic consumers. House-buying power could be given a boost from lower house prices and modestly lower mortgage rates. The Light at the End of the Tunnel.

Mortgages 374

Mortgages As-is Sales Marketing 374

Housing Wire

APRIL 11, 2024

There is power in steady, unchanging predictability, both in life and in real estate. The housing market is in a distinct position where, despite mortgage rates , demand still far outpaces supply and prices remain at record highs. It’s one less thing people have to wonder or worry about.

Agents 316

Agents As-is Marketing Industrial 316

Housing Wire

OCTOBER 2, 2020

Residential construction employment (including specialty trade contractors) posted another large increase this month, with job gains of 22,000, which Doug Duncan, chief economist at Fannie Mae , said is a welcome sign for a sector dealing with supply constraints. million, a positive signal of labor demand.

Construction 390

Construction Residential Mortgages As-is 390

Housing Wire

JULY 13, 2022

As borrowing power of the buyer decreases, home demand decreases, lumber demand decreases relative to supply, and lumber prices drop. Homebuilders were able to pass all rising costs on to homebuyers due to record low buyer borrowing costs. Lumber never leads, it always follows.

Title 391

Title Mortgages Construction Finance 391

Housing Wire

APRIL 25, 2023

This weakness in homebuyer demand and the ongoing purchasing power impact of higher interest rates has also begun to show up in home prices, which are down on a year-to-year basis for the first time in over a decade. months of supply, which is the lowest level in roughly 20 years outside of the pandemic housing crunch.

Short sale 369

Short sale Staging Mortgages Banks 369

Housing Wire

OCTOBER 6, 2022

On Thursday, the publicly traded multichannel lender launched a new technology platform for brokers called “POWER+,” a key step toward generating more broker business. The POWER+ platform’s tools also ensure URLA accuracy before submission, the California-based firm said.

Loans 345

Loans Technology Mortgages Development 345

Housing Wire

JUNE 28, 2022

We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. This either means you had a massive supply shortage or you had a credit boom. When supply is low and demographics equal demand, don’t make it complicated, folks.

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Marketing Investor Mortgages Sales 454

Housing Wire

JANUARY 10, 2023

This was a main driver in the decrease in credit supply, the MBA noted. The small declines in rates and home prices may not produce sufficient buying power for buyers, Fannie Mae said, adding that it expects affordability to remain the top challenge for potential homebuyers throughout 2023.

Fixed-rate mortgage 476

Fixed-rate mortgage Lending Mortgages Sales 476

Housing Wire

AUGUST 6, 2020

“Mortgage rates hit another all-time low, giving potential buyers more purchasing power and strengthening demand,” said Sam Khater, Freddie Mac’s chief economist. In June, the inventory of homes on the market fell to a four-month supply, according to the National Association of Realtors.

Mortgages 509

Mortgages Loans Finance Marketing 509

Marco Santarelli

APRIL 15, 2024

Others forecast a slower rise in home prices in 2024 compared to recent years, with fluctuations depending on regional market supply and demand. The housing market predictions for the second quarter of 2024 suggest a slight increase in home prices , with high demand persisting despite a low supply.

Marketing 106

Marketing Equity Lending Construction 106

Realty Biz

FEBRUARY 5, 2024

Some include but are not limited to supply and demand dynamics, interest rates, and broader economic indicators. Supply and Demand Dynamics In real estate, the balance between supply and demand is a fundamental force driving home values. When the supply of homes is scarce relative to demand, prices tend to rise.

Investor 129

Investor Technology Mortgages Agents 129

Housing Wire

MARCH 11, 2024

Peak 65 serves as an historic demographic milestone of the new paradigm shift that is changing every aspect of the housing market , finance, retirement planning process and the fragile supply/demand balance of housing inventory for real estate at large. We are living in a watershed moment in history.

Staging 387

Staging Finance As-is Closing 387

Marco Santarelli

MARCH 1, 2024

Let us take a look at some of the factors that may influence your decision, such as the housing supply and demand , the home prices and affordability , the mortgage rates, and the economic outlook. Housing Supply and Demand One of the key factors that affects the housing market is the balance between supply and demand.

Mortgages 102

Mortgages Marketing As-is Sales 102

Marco Santarelli

MARCH 31, 2024

The Correlation Between House Prices and Interest Rates Interest rates are a powerful economic tool that can significantly impact house prices. Various factors can influence this correlation, such as the overall economic climate, consumer confidence, and the supply of housing. Supply and demand dynamics cannot be overlooked.

Fixed-rate mortgage 106

Fixed-rate mortgage Lending Mortgages Banks 106

Housing Wire

MARCH 27, 2024

The Gathering by HousingWire Open the door to the most powerful room in housing as prominent executives share the 1% of their story that you won’t hear anywhere else. Don’t underestimate the power of human interaction. Date: May 8, 2024 Location: New York City Ticket Price: General admission is $125, while VIP is $250.

Agents 350

Agents Industrial Technology Branding 350

Keeping Current Matters

SEPTEMBER 7, 2021

When Supply Is Low, Your House Is in the Spotlight. The lighter the blue is in the chart, the lower the housing supply. You can leverage that equity, plus current low mortgage rates , to power your move now. When rates rise, even modestly, it’ll impact your monthly payment and by extension your purchasing power.

Equity 257

Equity Days on market Mortgages Sales 257

Housing Wire

DECEMBER 22, 2020

That’s because the entire transaction, or at least parts of it, may be powered by blockchain in the not-too-distant future. The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. Friedman HW+ Columnist.

Industrial 490

Industrial Mortgages Loans Title 490

Housing Wire

JANUARY 12, 2022

KN: We’re making a major investment in our technology with POWER+. HW: What more can you tell us about POWER+? KN: We developed POWER+ by truly listening to the voice of our clients. The culmination of all of this is our new POWER+ technology. It’s not simply technology that powers our partnerships.

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Backup offer Technology Loans Closing 361

Housing Wire

AUGUST 10, 2023

The power of policy Much of the jump in owner-occupant buyers can be attributed to a policy enacted by the U.S. The lowest share of owner-occupant buyers was in the Southeast region, where 8% of survey respondents described themselves as owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

Renovation 353

Renovation Development Rent back Principal 353

RIS Media

JANUARY 5, 2024

Who supplies them with their next great idea? Who gets them key intel from the front lines across all… The post January Cover Story: Powerful, Profitable Connections appeared first on RISMedia. Leaders of top full-service brokerages provide resource after resource for their salesforce and staff day after day.

Brokerage 109

Brokerage Industrial Agents 109

Housing Wire

MAY 23, 2022

Solutions can be found in three categories that might appear distinct but are in fact fundamentally connected: Category 1: Supply innovation Category 2: Government policy innovation Category 3: Paradigm-change innovation. Supply innovation is a complex issue. Yes, the U.S. To read the full issue, go here.

Equity 357

Equity Finance Development As-is 357

Housing Wire

JANUARY 9, 2024

2024 could be the perfect year to start to employ these new skills, as we expect to see improvements in mortgage rates and housing supply, but only if we insist 2023 is a year to remember. Another powerful lesson has been to use constraints to create prioritization focus.

Industrial 379

Industrial Loans Mortgages Finance 379

Keeping Current Matters

JULY 1, 2021

The current climb in house prices instead reflects strong demand amid tight supply , helped along by record-low interest rates.”. The Joint Center for Housing Studies in their The State of the Nation’s Housing 2021 report: “… conditions today are quite different than in the early 2000s , particularly in terms of credit availability.

Development 263

Development Sales As-is Industrial 263

Housing Wire

MAY 27, 2021

This was the equivalent of a week-long hurricane, mixed with Arctic temperatures, and no power.”. Truckloads of food and supplies arriving, people from neighboring towns showing up to help their neighbors, whether to offer a shower, help cut tree limbs, donate funds, and do whatever was needed to help.”.

Title 375

Title As-is 375

Marco Santarelli

APRIL 10, 2024

The rental market has experienced a rollercoaster ride in recent years, with significant fluctuations in demand and supply. This increase in supply, coupled with softening demand, has led to a stabilization of rents. Here's an exploration of the current state of the rental housing market and predictions for its trajectory in 2024.

Construction 106

Construction New Construction Investor Marketing 106