Housing Wire

JANUARY 29, 2021

That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. But will 2021 be the same? If you’re wondering whether it’s a good time to sell your house, keep reading. Shouldn’t sell your house: You refinanced or you’re in forbearance. In most cases, yes, you can!

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Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5 The age of a first-time homebuyer increased to an all-time high of 36 years as compared to 33 years in 2021. million in 2010.

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Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. Then, questions of what they would do if they sold their house consume their thoughts. The rate of inflation for 2021, 2022, and 2023 was 4.7%, 8.0%, and 4.1% It comforts them for a brief moment. respectively.

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Housing Wire

SEPTEMBER 24, 2023

In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. The yearly high is 7.49%. 15: 61,852 Sept.

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Housing Wire

SEPTEMBER 30, 2023

A close above that and follow-through bond market selling could lead to higher mortgage rates. Seasonality is kicking in now, but we should be able to continue growing housing inventory like we did last year, as higher rates slow sales down, keeping homes on the market longer. Why are mortgage rates rising?

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Housing Wire

FEBRUARY 8, 2021

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? Here’s how to find property owners ready to sell.

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Housing Wire

FEBRUARY 7, 2022

homebuyers are feeling pretty pessimistic about the housing market right now. points in January, according to Fannie Mae’s National Housing Survey , published on Monday. point drop from January 2021. Additionally, markets across the country are facing record low levels of housing inventory, making it even harder for homebuyers.

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Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. Traditionally, one-third of all homes have price cuts before they sell. If I had told you on Dec.

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Housing Wire

APRIL 7, 2021

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, increased in March by 5.2 ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

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Housing Wire

FEBRUARY 3, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

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Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. Still, an interest-rate drop and soft landing for the economy, if the latter is truly achieved, will break some of the ice in a chilled housing market.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022. To register for the HW+ event, go here.

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Housing Wire

APRIL 21, 2021

year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Likewise, middle- to lower-income homeowners are thinking twice about selling their home for fear of being unable to afford a new home, per Daryl Fairweather, Redfin chief economist.

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. in 2021 and as high as 6.25% in 2022. This is the exact opposite of panic selling, by the way.). But now this is a real risk.

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Housing Wire

JULY 28, 2021

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. We examine the need for complete vendor-provided software solutions vs. building in-house. Provide compelling, unique reasons to work with you.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

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Keeping Current Matters

SEPTEMBER 16, 2021

The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. What normally happens throughout the year? What’s happening this year?

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Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. A homebuyer’s guide to a competitive housing market. This is getting to be a problem. Home prices in the U.S. Presented by: Citibank.

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Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. I hope the seasonal bottom was two weeks ago.

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Housing Wire

DECEMBER 12, 2022

There are reasons California-based Pennymac may want to forget 2022. The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. of the total first-line originations in the fourth quarter of 2021 to 27.9%

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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. Then rates went up almost 1% over several weeks, completely reversing the gains.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. I have documented the history of these housing price crash addicts for a decade now. Housing inventory issue with no booming demand. Some sell to rent, of course.

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Housing Wire

APRIL 27, 2021

Nineteen of the 20 cities reported higher home price increases in the year ending February 2021 versus the year ending January 2021, per Craig J. The Federal Housing Finance Agency House Price Index also reported a 0.9% in January. It’s the ninth straight month of increasing prices. in the previous month.

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Housing Wire

DECEMBER 7, 2022

As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. The bleeding has stopped. Total inventory levels.

Mortgages 540

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Housing Wire

SEPTEMBER 27, 2022

When Federal Reserve Chairman Jerome Powell talked about a housing reset in June , it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting , held last week, Powell finally clarified what he meant by that term and what a housing reset means to the Fed. What a housing reset means.

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Housing Wire

AUGUST 9, 2021

Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) found that 66% of respondents said that due to high housing prices, it’s a bad time to buy a home, up from 64% last month. Seventy-five percent said it’s a good time to sell, down from 77% last month. Twenty percent said it’s a bad time to sell, up from 15% in June.

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Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

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Housing Wire

MARCH 31, 2022

Are we headed to a housing bubble? Housing Bubble. The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. For the housing bubble 2.0 Let me explain.

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Housing Wire

MAY 7, 2021

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, decreased by 2.7 points to 79 in April 2021 after four of the survey’s six components decreased month over month. The machine that’s coming for the robots.

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Housing Wire

SEPTEMBER 21, 2022

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. The tailwinds. percentage points, more than any other age group.

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Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. Department of Housing and Urban Development (HUD) in August 2022.

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Housing Wire

APRIL 29, 2022

That was but one prong of a multifaceted agreement that Redfin and 10 different fair housing advocacy groups filed at a Seattle federal courthouse Friday. Redfin’s practices, the plaintiff’s said, “perpetuate the stark patterns of housing segregation that plagues our nation.”. Presented by: Salesforce.

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Keeping Current Matters

NOVEMBER 25, 2020

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. Buyers are active now. Homes decorated for the holidays appeal to many buyers.

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Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. The 10-year yield had a rough week, almost reaching 4% intraday before falling Friday afternoon.

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Housing Wire

JANUARY 26, 2022

Partnering with an independent mortgage broker continues to be the best choice for real estate agents and consumers, and we’re adding one more reason why with the no-cost appraisal,” said Ishbia. According to the Pontiac, Michigan-based lender, the credit will be available on all primary purchases, including jumbo mortgages. Sponsored Video.

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Keeping Current Matters

DECEMBER 16, 2020

This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their space and what they need in a home going into 2021. The Economy Is Expected to Continue Improving.

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