Housing Wire

APRIL 1, 2022

Today, the Bureau of Labor Statistics reported that the United States Of America created 431,000 jobs in March. I’ll talk about jobs first and then get to the recession red flag model as three of the six flags are up now. . If you break it down to women over 20, the unemployment rate is 3.3%. Today: 150,925,000 jobs.

Construction 445

Construction As-is Marketing Mortgages 445

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. Mortgage rates are at 7.5% Mortgage rates are now topping 7.5%, the highest levels seen this year. orate further?

Marketing 490

Marketing Mortgages Sales As-is 490

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. Click that to reserve your spot now. housing market as we roll into May 2024.

Sales 433

Sales Mortgages Closing Marketing 433

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. Mortgage demand needs to slow down. However, the rate of price growth cooled down and days on market grew.

Days on market 538

Days on market Loans Mortgages Sales 538

Marco Santarelli

AUGUST 14, 2022

>>> The Bank of Canada increased its benchmark interest rate by one full percentage point in July, which resulted in an increase in the interest rates associated with borrowing money for mortgages. Additional rate hikes are anticipated to take place this year. On an annual basis, this would imply a 1.2%

Marketing 78

Marketing Banks MLS Sales 78

Housing Wire

OCTOBER 11, 2022

To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% million today. Now fast forward to 2022. to over 7% in a very short period of time.

Mortgages 504

Mortgages As-is Marketing Sales 504

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand.

Sales 477

Sales Mortgages Construction Lending 477

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. But now sellers are coming back into the market. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. At the same time, seller volume dried up.

Sales 466

Sales Mortgages Closing Staging 466

Housing Wire

JUNE 1, 2023

The private-label and agency mortgage-backed securities (MBS) markets , the primary sources of liquidity for many mortgage lenders, are taking a beating so far this year. That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023.

Mortgages 366

Mortgages Loans Loan Officer Investor 366

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. Also, people always say we are about to go into recession and that the dollar is going to collapse any day now!

Marketing 397

Marketing Lending Short sale Equity 397

Calculated Risk Real Estate

MAY 6, 2024

Press Release: ICE Mortgage Monitor: Historically Strong Home Price Growth Pushes U.S. in February Strong home price growth in early 2024 increased mortgage-holder equity to a record $16.9T in Q1, $11T of which can be leveraged while retaining a 20% equity cushion – also an all-time high 48M U.S. Today, with 3.3

Mortgages 107

Mortgages Equity Staging Sales 107

Housing Wire

SEPTEMBER 30, 2020

The American dream of owning a home remains resilient in Latino communities despite high unemployment, high COVID-19 infection rates, and greater loss or reduction of income compared to non-Hispanic Whites, according to a new survey. in wealth to every $1 for Latino households, a 20% gap reduction than three years prior.”

Lending 471

Lending Finance Mortgages As-is 471

Toronto Realty Blog

MARCH 4, 2024

My point is this: I had planned on taking a victory lap today. To be fair, some might want to ask, “Why would you celebrate the fact that the Canadian Mortgage & Housing Corporation has canceled the First-Time Home Buyers’ Incentive? 3) Reducing the mortgage stress test from 2.0% Good Riddance.

Equity 85

Equity Purchase and sale agreement Mortgages Lending 85

HomeLight

MARCH 30, 2023

If you’re thinking about buying a home right now, you’re probably eyeing housing market headlines with caution. Everything from stubborn inflation and increasing mortgage rates to potential home price declines could cause potential buyers to rethink a new home investment. 3% rates are not the benchmark,” she explains. “3%

Mortgages 83

Mortgages Agents Marketing As-is 83

Broke Agent Media

MARCH 29, 2023

BAM Key Details: Fannie Mae’s ESR Group revised its forecast for Q1 2023 and now expects a modest recession in the second half of the year rather than the second quarter. But turbulence in that quarter doesn’t fundamentally change the ESR Group’s baseline outlook for 2023-2024. With the U.S. Or they could just come along for the ride.

Banks 98

Banks Loans Construction Mortgages 98

Toronto Realty Blog

JULY 18, 2022

I felt envious because I was watching a jogger pass by, and having sprained my ankle on April 11th, I, unfortunately, haven’t run since that magical 10K in Hampstead Heath in London, two days prior. Ah, now the first message was in context. One from a client: David, we just heard about the interest rate hike!

Banks 95

Banks Lending Land As-is 95

Toronto Realty Blog

JANUARY 8, 2024

How do we start 2024? But as we sit here at the start of 2024, I would prefer to simplify things. But there’s absolutely no doubt in my mind that this topic will dominate 2024 because every other topic comes right back to the starting point, with respect to price. So here we go! Well, perhaps by being unoriginal?

Sales 83

Sales As-is Pre-approval Marketing 83

Toronto Realty Blog

DECEMBER 19, 2023

3) The Market Shift 2) “Fixing” The Housing Market 1) Inflation & Interest Rates I can’t imagine that we won’t overlap with at least one of those themes this year. sqft and up, which was in the “insane” category in my 2012 blog post, were now simply the new normal. But that started months ago!

Pre-approval 83

Pre-approval Construction Development Agents 83

Marco Santarelli

SEPTEMBER 7, 2020

After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market. ” The real estate appreciation rate in Orlando in the latest quarter was around 0.69% which equates to an annual appreciation forecast of 2.79%. over February 2019 and is now $270,000.

Marketing 126

Marketing Investor Sales As-is 126