Housing Wire

APRIL 11, 2024

The housing market is in a distinct position where, despite mortgage rates , demand still far outpaces supply and prices remain at record highs. I once had a client pay me one of my favorite compliments I have ever received. Outside of the occasional rainstorm, Arizona weather is quite consistent. I’ll share an example.

Agents 340

Agents As-is Marketing Industrial 340

Housing Wire

SEPTEMBER 3, 2023

That, to me, is the big story of 2023, but as we saw Friday, spreads can be a positive story in the future. Since my bond market channel is based on the labor market and the economy, it’s also a big deal for me. Weekly housing inventory Last week I got a big scare as new listing data fell week to week.

Mortgages 481

Mortgages Loans Banks As-is 481

Housing Wire

JUNE 8, 2023

Mortgage rates and home prices are high and inventory is paltry, resulting in a largely frozen housing market. Still, there is optimism that the housing market is at the bottom and will gradually improve. “If For the housing market, this is the bottom; we’ll get past this. “For But it’s not a slam dunk, don’t get me wrong.

Mortgages 356

Mortgages Land Loans Banks 356

Housing Wire

JUNE 14, 2021

The recent action in the 10-year bond yield has puzzled many people, but it looks wonderful to me as it shows that the U.S. 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. economy is leading the world out of the recession.

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Lending Loans Marketing As-is 521

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. But, despite the weekly moves, the one bright spot for housing is that housing inventory is growing on a year-over-year basis. 2022: 17.6%

Mortgages 469

Mortgages Land As-is Marketing 469

Housing Wire

JUNE 24, 2022

For the seventh year, HousingWire is recognizing the operational all-stars of housing with the HW Insiders award. I committed myself to the PM role and becoming a LOS subject matter expert which led me to my previous role as a business analysis. HousingWire: What impacts have reverse lending seen in the current housing climate ?

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Closing Lending Equity Mortgages 353

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

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Mortgages Sales Closing As-is 369

Housing Wire

FEBRUARY 4, 2024

However, for me it’s always been about the labor market and jobless claims data, and that data line hasn’t broken enough for the Fed to be more aggressive. The Fed believed that policy was too restrictive when the 10-year was near 5% and we had 8% mortgage rates , but they seem fine with mortgage rates between 6%-7.25% right now.

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Mortgages Staging Marketing Land 509

Housing Wire

APRIL 11, 2024

But what it taught me is not to panic, and that is a skill set that I think has served me very well in my leadership journey.” Dwiggins, Robinson and Sears also discussed how changes to cooperative compensation may impact homebuyers using Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) loans.

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VA loan As-is Loans Development 421

Housing Wire

JANUARY 11, 2024

Why the Fed will cut rates in 2024 It’s a simple premise for me: the Federal Reserve over-hiked because they panicked toward the end of 2022 going into 2023. The final piece here is to get the housing COVID-19 policy out of the Fed’s brain and get existing home sales growing again. As shown below, we have room to go lower in shelter.

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Land As-is Mortgages Marketing 508

Housing Wire

JANUARY 26, 2023

Typing phrases like “$700K homes in Charlotte with a backyard” or “open house near me with four bedrooms” in the search bar will either show potential homebuyers their matches or will notify them when new qualifying listings are available, according to the statement.

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Design Marketing Agents Technology 405

Housing Wire

JULY 6, 2022

When people say credit will get so tight that we are headed back to 2008 levels of lending, they’re telling me they’ve never read the MBA’s mortgage credit availability index, not even one time. First, most people don’t look for charts, that is only for nerds like me. Why did that happen?

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Lending Mortgages Loans As-is 501

Housing Wire

MAY 18, 2023

Why is this so important to me? If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019. In Thursday’s existing home sales report , the data line I once loved turned on me again.

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Marketing Sales Mortgages Days on market 536

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Mortgages 512

Mortgages Sales Marketing As-is 512

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

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Sales Days on market Mortgages Lending 540

Housing Wire

JULY 15, 2022

Below, Gubernick answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? It actually turned out to be a half-decent investment for me. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

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Loan Officer Brokerage Investor Industrial 395

Housing Wire

SEPTEMBER 30, 2020

Riddle me this: How can home sales grow when we have no homes to buy? Riddle me that! Keep in mind, however, that the spike in the pending home sales index doesn’t mean we are going to have an existing home sales boom like they did during the housing bubble years. Now we have the opposite scenario.

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Sales Mortgages As-is Marketing 535

Housing Wire

JUNE 5, 2023

Department of Housing and Urban Development ( HUD ) and former director of the U.S. Office of Management and Budget (OMB), has been appointed CEO of Enterprise Community Partners , a national housing nonprofit that aggregates housing investments, advocates for housing policies and builds and manages communities.

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Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Housing inventory.

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Sales Mortgages Principal Short sale 523

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Demand for housing is primed to deteriorate further based on the latest consumer sentiment survey findings from the University of Michigan. Skyrocketing U.S.

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Renovation Marketing Fixed-rate mortgage Mortgages 543

Housing Wire

APRIL 9, 2024

The lingering systemic impacts of 20th-century housing discrimination have given rise to a new era of redlining that is more often the product of benign neglect rather than overt discrimination. Banks that built most of their branches decades ago may find themselves underrepresented in BIPOC neighborhoods today.

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Lending Banks Mortgages Loan Officer 369

Housing Wire

SEPTEMBER 23, 2022

It goes a long way in keeping me organized. I’ve had several people tell me that sounds like their own personal nightmare, being stuck in a middle school all day, but I actually had a blast! I’ve had several people tell me that sounds like their own personal nightmare, being stuck in a middle school all day, but I actually had a blast!

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Industrial Agents Technology Brokerage 356

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Last week’s housing market data provided mixed news. Weekly housing inventory fell, but not by much.

Marketing 516

Marketing Mortgages Sales As-is 516

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. We have often discussed that the housing market dynamics changed starting Nov. We have often discussed that the housing market dynamics changed starting Nov. Considering our economy this year, the 10-year yield and mortgage rates look about right to me.

Marketing 482

Marketing Mortgages As-is Sales 482

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. However, not only did the U.S.

Marketing 532

Marketing Equity Construction Bankruptcy 532

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation.

Mortgages 530

Mortgages Sales As-is Closing 530

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ But some of those partnerships are getting turned on their head as the mortgage industry reckons with the housing market slowdown.

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Loan Officer Pre-approval Loans Agents 363

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. The fact that this data line fell earlier this year and was sharper made me think that this could be what a mortgage rate lockdown looks like.

Mortgages 524

Mortgages As-is Marketing Finance 524

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

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Agents MLS Sales Branding 419

Housing Wire

FEBRUARY 11, 2022

Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area. Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. I have my own booth at the festival,” said Naumovych.

Marketing 414

Marketing Loan Officer Pre-approval Mortgages 414

Housing Wire

JUNE 5, 2023

. “There have been several moments that have shaped my personal and professional development and led to me being captivated by this industry.” And, what KPIs are you focused on in the near future? HousingWire: When you think about operational excellence?

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Technology Title Industrial Closing 274

Housing Wire

FEBRUARY 7, 2023

” “Instead, I have only seen signals that leave me very concerned that the scourge of board entrenchment is taking hold,” Hsieh wrote in the letter. Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37 billion in mortgages in the fourth quarter, though.

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Title Mortgages Investor Finance 334

Housing Wire

SEPTEMBER 7, 2023

Not immune to downturns Now don’t get me wrong, these growth-minded firms I’m referring to are not immune to downturns. They make sure their internal houses are in order before they go on the prowl. Like nearly all firms, their revenues are down. Unlike many of their competitors, they don’t panic. With the Realtor count close to 1.6

Brokerage 357

Brokerage Land Residential Agents 357

Housing Wire

OCTOBER 22, 2020

Still, this seems like a booming housing market, right? I have often claimed that 2008-2019 would have the weakest housing recovery ever in history. I also said that the new home sales recovery would be fairly anemic, housing starts would never start a year at 1.5 So, let’s take a look at the housing data in 2020 so far.

Sales 538

Sales Mortgages Lending Banks 538

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25

Mortgages 444

Mortgages Banks Sales Land 444

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We People will continue to move into these higher-risk areas because we just haven’t built enough housing in areas with less climate-related risk. Sign up here !

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Marketing Loan Officer Construction New Construction 359

Housing Wire

SEPTEMBER 3, 2022

There is marketing, regulatory, margin compression and even the Women of Influence Forum, which is near and dear to my heart, and I believe there is so much value for everyone in the industry whether you’re just beginning or a long-time veteran like myself. I would say that I am the most excited for the Housing Market Super Session.

Industrial 377

Industrial Staging Brokerage Mortgages 377