Remove articles housingwire-magazine-april-2021
article thumbnail

End of forbearance programs won’t result in housing crash

Housing Wire

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. Many other articles were written in tribute to this wonderfully talented group of internet crash callers. ended in April 2020.

As-is 544
article thumbnail

Pending home sales crush hopes of forbearance crash bros

Housing Wire

Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year. The May 2021 Pending Home Sales Index of 114.7 Some of that make-up demand bled over into the early months of 2021. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. from one year ago.

Sales 483
Insiders

Sign Up for our Newsletter

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

article thumbnail

How demographics shaped the housing market in 2021

Housing Wire

As we come to the end of 2021, we also approach the end of another year living with COVID-19. Although 2021 seems normal in comparison, it is perhaps even stranger because as a country, we have learned to normalize the consumption of goods and services with an active virus infecting and killing Americans each day. Already a member?

Marketing 450
article thumbnail

How Zillow’s model crushed its iBuying business

Housing Wire

From my article in April: “This is my take on the reason why we saw double-digit year-over-year growth earlier this year. “Because we ended the year at only 5,640,000 total existing-home sales, I left the opening that we could see makeup demand early in 2021.” HousingWire Magazine delivered to your home or office.

Sales 485
article thumbnail

Zillow earns profit, no thanks to iBuying

Housing Wire

million in net income for the second quarter of 2021, and $1.3 The figures compare favorably to the second quarter 2020 – Zillow posted an $84 million net loss and $768 million in revenue back then – but April through June of 2020 marked the housing market’s COVID-induced nadir. billion in revenue in the first quarter of 2021.

Agents 393
article thumbnail

Bond yields foretold housing and economic recovery

Housing Wire

When I wrote the America Is Back economic model on April 7, 2020, the bond market was already signaling that the economy and housing would be ok. I coined the term forbearance crash bros last year to show that people who screamed that housing would crash in 2020 simply weren’t equipped to talk about housing economics in 2020 and 2021.

Lending 510
article thumbnail

Flagstar is banking on the private-label market

Housing Wire

has been on a tear in 2021 when it comes to pursuing private-label securitizations, with 13 deals backed by some 22,000 home loans valued at $8 billion now under its belt through mid-November of this year. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. HousingWire Magazine delivered to your home or office.

Banks 423