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How record-low mortgage rates changed everything in 2020

Housing Wire

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. Here’s a detailed month-by-month analysis of what caused mortgage rates to fall so dramatically, and how it affected virtually every sector within the housing market. Quite the opposite. People freaked out!

Mortgages 545
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[PULSE] The 2020 refi wave: Where activity is strongest, where it’s not, and what’s ahead

Housing Wire

However, recent data from MBA’s Weekly Applications Survey show a robust level of activity (as shown in Exhibit 1), but a volume that is quite sensitive to relatively small changes in rates. These factors feed back to the borrower through both more stringent credit requirements and higher rates. trillion of the total.

FHA loan 542
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Defeated? 44% of Canadians “Unsure” When, or If, They’ll Be Able to Buy a Home

Point2Homes

For instance, despite the fact that 38% of respondents in our homebuyer survey stated that they were determined to buy as soon as possible, 44% didn’t know when they would actually be able to do so. Canadians want to resume in-person viewings: Interest in photos and virtual tours dropped from 57% last year to 29% in 2021.

Agents 96
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This Tech Tool Turns Website Lurkers to Leads and Added $58K to My Wife’s GCI

HomeLight

Survey: Texting is the Preferred Way to Communicate – survey mentioned in this episode. NAR 2021 Profile of Buyers and Sellers – data mentioned in this episode. NAR 2021 Profile of Buyers and Sellers – data mentioned in this episode. Leadferno business texting platform. That’s the age group.

Agents 98
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Beyond the Headlines: What’s Going to Solve Real Estate’s Inventory Crunch?

HomeLight

On this week’s Walkthrough, HomeLight’s Caroline Feeney is here to unpack data from today’s release of our Spring 2021 Top Agent Insights Survey. HomeLight’s Spring 2021 Top Agent Insights Survey. Looking to buy a home in Sioux Falls? There’s no end in sight. Or is there?

Agents 75
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Buying a House in 2021? Ask the Sellers to Leave the Appliances — Here’s Why

HomeLight

A National Association of Home Builders survey polling single-family homebuilders in February found that nearly 90% had experienced difficulty securing appliances — 51% to a major extent, and 38% to a minor extent. Remember all that sourdough bread in your Instagram feed? Source: (Kari Shea / Unsplash).

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20 Best Cities To Invest In Real Estate In 2021

Marco Santarelli

As of now it the US housing market remains a hot seller's real estate market, with annual price growth reaching record highs and inventory continuing to fall. But the lack of homes for sale means rental demand will continue to increase in 2021 and 2022. However, Arbor's report has a positive outlook on the sector for 2021.

Investor 138