Remove 2022 10 more-buyers-taking-a-look-at-new-construction
article thumbnail

Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. HousingWire: To begin, how has your 2022 forecast changed so far? HousingWire: To begin, how has your 2022 forecast changed so far?

Marketing 370
article thumbnail

Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Gregory was shocked to find out that her yearly payment would go from $8,800 to nearly $36,000 if she signed on with the new company. “It can’t be my forever home if I can’t afford it.”

Marketing 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When will housing inventory recover?

Housing Wire

At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.

article thumbnail

Even with blow-out jobs report, mortgage rates still falling

Housing Wire

unemployment rate stands at 3.8%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19. During this epic recovery, which started on April 7, 2020 , I was very adamant on Twitter that job openings would hit 10 million soon. Jobless claims data looks solid.

Mortgages 384
article thumbnail

Rate buydowns are the cat’s meow in today’s market

Housing Wire

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We in year three.

Marketing 410
article thumbnail

April data suggests we’re close to peak rent inflation

Housing Wire

Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). compared to April 2022. Indexes that declined month over month in April included airline fare (-2.6%) and new vehicles (-0.2%).

Closing 384
article thumbnail

Top NJ LO Chris Gallo is getting back to basics in 2023

Housing Wire

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.