Housing Wire

MAY 14, 2023

Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Marketing 414

Marketing Mortgages As-is Sales 414

Housing Wire

MAY 5, 2023

From BLS: Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4 Part of my COVID-19 recovery model on the labor market was that job opening should reach 10 million in this recovery. Nothing is worse to the Fed members than 1970s inflation. percent, the U.S. million since 2022.

Marketing 463

Marketing Banks Staging As-is 463

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. Purchase apps had a small week-to-week gain.

Marketing 403

Marketing Mortgages Days on market Sales 403

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. Have higher rates worked?

Mortgages 491

Mortgages Marketing Sales Days on market 491

Housing Wire

NOVEMBER 3, 2022

One mortgage M&A expert believes that of the 130 or so IMBs that did $1 billion to $2 billion for production in 2021, 17% of them will not even be able to do $500 million over the 12 months ending June 30, 2023. trillion in 2021. We’re seeing a lot of that this year, and it will certainly continue in 2023.

Banks 385

Banks Mortgages Loans Equity 385

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview.

Loan Officer 392

Loan Officer Loans Investor Mortgages 392

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. Fannie Mae recently projected originations for 2023 at $1.59 trillion in mortgage originations in 2021.

Renovation 445

Renovation Sales Investor Mortgages 445

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 342

Finance Marketing Lending Investor 342

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range. trillion in 2023 will look awfully rosy. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. A year ago at this time, rates averaged 2.86%.

Marketing 366

Marketing Mortgages Banks Loan Officer 366

Housing Wire

SEPTEMBER 20, 2023

Trading volume in the mortgage servicing rights (MSR) market this year is still on track to reach or slightly exceed 2022’s $1 trillion mark , with trading volume in the fourth quarter of this year projected to be robust as market players race to finish deals prior to year’s end.

Banks 346

Banks Loans Principal Investor 346

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). “That’s the ‘elephant in the room’ right now. . Obviously, it’s been delayed. What to expect .

Marketing 348

Marketing Lending Loans Principal 348

Housing Wire

JUNE 21, 2022

The stock market has not been kind to mortgage lenders – some are now trading in the $1-a-share range. In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 ” The bear stock market began on Friday, June 10 when the U.S. .

Mortgages 378

Mortgages Residential Investor Finance 378

Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. He was cautiously optimistic for a better 2023. Existing homeowners who locked in mortgage rates or refinanced to the 2.5%

Loan Officer 360

Loan Officer Loans Pre-approval Mortgages 360

Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Tom Piercy, Managing director of Incenter Mortgage Advisors. billion — compared with $51.1

Principal 256

Principal Banks Loans Mortgages 256

Broke Agent Media

FEBRUARY 13, 2023

BAM Key Details: Fannie Mae’s National Housing Survey shows homeowners are increasingly worried about the ability to save money and afford necessities, including mortgage payments. That’s the rough outline of the challenges more American households are facing right now with the high cost of housing—and everything else.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages Finance Loans 98

Marco Santarelli

OCTOBER 15, 2023

If you are thinking of buying a home or refinancing your existing mortgage, you might be wondering why mortgage rates are so high in 2023. Mortgage rates have been climbing steadily since December 2021, when they hit a record low of 2.97%. Why are Mortgage Rates Going Up in 2023?

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

Real Trends

JANUARY 20, 2023

From us, you will find a mixture of both, with the full intention of helping you put your best foot forward in 2023. This was the smallest twelve-month increase since the fourth quarter of 2021. The higher mortgage rates have affected first-time buyers and low downpayment buyers first, thus fueling the demand for rentals.

New Construction 108

New Construction Construction Loans Mortgages 108

Zillow Market Reports

AUGUST 9, 2023

from June to July – a steamy pace for this time of year, but at least a welcome seasonal cooldown after 1.4% The nation’s typical home value now sits at an all-time high ($349,679), which is 1.4% higher than last July. The typical U.S. home value climbed 0.9% After June’s 0.8% Almost all major U.S.

Marketing 67

Marketing Sales As-is Mortgages 67

Broke Agent Media

JANUARY 13, 2023

Zillow has revealed their top 10 hottest markets of 2023, led by Charlotte, Cleveland, and Pittsburgh. . Paul top the list of coolest markets of 2023. Three weeks after naming Prairie Village, Kansas, the most popular city of 2022 , Zillow has announced its top 10 hottest markets of 2023. Pittsburgh.

Marketing 75

Marketing Mortgages Days on market Agents 75

Redfin

APRIL 10, 2024

You now need a six-figure salary to afford a starter home in Phoenix. In order to afford this, first-time homebuyers in Phoenix should make $101,321 per year, up 6.6% As expected, starter homes in Phoenix are much more affordable than the average home (all price brackets combined). The average U.S.

FHA loan 63

FHA loan Loans Principal Mortgages 63

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened?

Marketing 64

Marketing Mortgages Investor New Construction 64

The Close

SEPTEMBER 8, 2022

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. More than 40% of active Realtors in the United States are located in California, Florida, Texas, and New York. There are currently more than 3 million active real estate licensees in the United States. Looking for a Realtor? Related Article.

Equity 139

Equity Agents Brokerage Closing 139

Redfin

DECEMBER 29, 2022

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. For the first time in history, mortgage rates doubled in the span of just one year. In general, 2022 was a reaction to the dramatic real estate boom in 2021. Home prices rose to an all-time high.

Marketing 83

Marketing New Construction Construction Investor 83

Toronto Realty Blog

JANUARY 5, 2023

In fact, they’re playing with the boxes about as much as they’re playing with their new toys, which makes me think perhaps in 2023 I can just go with a cardboard theme and forego any actual expenditures? Perhaps a better question: what did you get for Christmas? I got nothing. But my kids, on the other hand, wow, what a haul!

Banks 81

Banks Mortgages Bankruptcy As-is 81

HomeLight

SEPTEMBER 10, 2022

Now you have to repack, sell your house, and move after living there less than a year, facing various financial challenges. Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent. However, the rate of increase has been sliding downward in recent months.

Closing costs 86

Closing costs Agents Seller concession Closing 86

Toronto Realty Blog

JANUARY 18, 2023

The city now requires every property owner to complete an annual declaration that the property was either occupied by a combination of owners and tenants or the owners qualified for a tax exemption. Despite the flaws, all Toronto residential property owners must now file a declaration by February 2nd, 2023 and once a year thereafter.

Purchase and sale agreement 98

Purchase and sale agreement Residential Land Renovation 98

Toronto Realty Blog

SEPTEMBER 8, 2022

I read the comments section on many articles in the major Toronto newspapers and they’re just awful most of the time. But time and time again, I read the comments on TRB and I’m enthused. But time and time again, I read the comments on TRB and I’m enthused.

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91

Marco Santarelli

AUGUST 21, 2020

The other three counties saw a significant year-over-year increase in sales—Palm Beach (+9.35%), Martin (42.6%), and St. The other three counties saw a significant year-over-year increase in sales—Palm Beach (+9.35%), Martin (42.6%), and St. A seller would always prefer scenarios that can yield a ratio of 100% or higher.

Marketing 126

Marketing Investor Sales As-is 126

GeekEstate

OCTOBER 16, 2020

In return, Opendoor receives a 6–12% discount on the market value of the home. billion in revenue (up more than 160% from the prior year). Opendoor has ambitious plans to reach nearly 38,000 annual home sales and $10 billion in revenue by 2023. In 2019, the company sold 18,799 homes across 21 markets, generating $4.7

Purchase and sale agreement 89

Purchase and sale agreement Title Investor Brokerage 89

HomeLight

MARCH 6, 2023

sound effect: You’re gonna have to come up higher] Financial advisor. And she’s gonna tell you how right now. This is the show where you learn what’s working right now from the best real estate agents and industry experts in the country. Three times, she’s led her team to be named Team of the Year.

Agents 56

Agents Investor Property Management As-is 56

Marco Santarelli

APRIL 2, 2023

To do that, you subtract any expenses you can deduct, like mortgage interest or charitable donations, from your total income. The more money you make, the higher your tax rate is. Now that you know the basics, we'll go into more detail about the federal income tax.

As-is 40

As-is Sales Banks Mortgages 40

Notorious ROB

DECEMBER 29, 2022

As in earlier years, let me reiterate that Inman does the Influencers list, Swanepoel does the Power 200 list (I help out on that list), and both are far more respected and important than this list of mine for a bunch of reasons. I look forward to this post, as well as my Seven Predictions post, each year. Eric Wu, Opendoor.

MLS 98

MLS Brokerage Branding Industrial 98

Norada Real Estate

AUGUST 25, 2022

You need to drill deeper into local trends if you want to know what the market holds for real estate investors and buyers in 2022 and 2023. Since home building takes time, especially in a heavily regulated environment, there’s little chance of diminished demand. How big is San Deigo's housing market ? and its economy is strong.

Construction 52

Construction Commercial Residential Investor 52