Housing Wire

MARCH 6, 2024

gross domestic product (GDP) in 2022, according to a report commissioned by the American Land Title Association that was published on Wednesday. The report measures both the direct and broader U.S. billion of GDP), according to the report. billion of GDP), according to the report. billion of GDP), New York ($2.5

Title 472

Title Industrial Land As-is 472

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. And it marks the first year-over-year loan growth for any three-month period since Q1 2022.

Mortgages 466

Mortgages Lending Loans Equity 466

Housing Wire

FEBRUARY 22, 2024

Rocket Companies , the parent of Rocket Mortgage , was in the red again in 2023 as it reported a GAAP net loss of $390 million. The Detroit-headquartered lender reported a GAAP net loss of $233 million in Q4 2023, following a GAAP net gain of $115 million in Q3. compared to the $19 billion volume in Q4 2022. billion in Q3 2023.

Mortgages 452

Mortgages Principal Lending Loans 452

Housing Wire

APRIL 25, 2024

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2022, according to data released Thursday by the Mortgage Bankers Association (MBA). billion (8,371 loans) per company in 2022.

Banks 391

Banks Loans Mortgages Industrial 391

Housing Wire

JANUARY 20, 2024

13-20): Inventory fell from 473,406 to 472,852 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 933,746 Yes, the inventory growth rate slowed weekly, but I will take it! Most sellers are buyers, and new listing data decreased after rates increased in 2022.

Mortgages 540

Mortgages Sales As-is Marketing 540

Housing Wire

MARCH 23, 2024

We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. As we can see in the chart below, the 10-year yield and mortgage rates have made a massive move higher since 2022. What have 2022, 2023, and 2024 shown us?

Mortgages 519

Mortgages Sales As-is Marketing 519

Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. and 51.1%, respectively.

Loans 435

Loans Title Equity Mortgages 435

Housing Wire

FEBRUARY 22, 2024

Stewart, which reported its earnings earlier in February, posted a revenue of $2.26 Both figures were down significantly from 2022 when it recorded $3.07 Despite declines in title transaction volume, Stewart’s title segment still reported an operating revenue of $503 million for Q4, down 14% annually, and a pretax income of $27.3

Title 425

Title Marketing Investor Commercial 425

Housing Wire

DECEMBER 8, 2023

After today’s jobs report , which showed unemployment at 3.7%, it’s now clear that the Federal Reserve does not need to create a job-loss recession to bring down the growth rate of inflation. I doubled and tripled down on this call even when we had some big misses in 2021 in the jobs report.

Staging 527

Staging Land Sales As-is 527

Housing Wire

MARCH 30, 2024

Here are the number of new listings for last week over the last several years: 2024: 59,854 2023: 48,442 2022: 56,258 For context, new listings data at this time in 2010 ran at 326,266. 2022: 17.2% The best housing story in 2024 is that inventory is growing — both active inventory and new listings.

Mortgages 450

Mortgages As-is Marketing Industrial 450

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. In its 2024 State of Wire Fraud report, wire fraud protection firm CertifID found that nearly 25% of the 650 U.S. In total, CertifID’s Fraud Recovery Services received 463 requests for help from victims of wire fraud.

Title 427

Title Closing Industrial Agents 427

Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? If so, what will this do to inventory levels? Let’s look at this week’s tracker data to get clues for the future. We haven’t broken either yet.

Mortgages 480

Mortgages As-is Sales Closing 480

Housing Wire

MARCH 12, 2024

million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% In total, more than 9.5 of overall U.S.

FHA loan 479

FHA loan Loans Finance Lending 479

Housing Wire

MARCH 4, 2024

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. The average cost of a policy in Florida increased by 40% in 2023 alone, according to a report by Redfin. billion to cope with the local housing crisis.

Finance 459

Finance Land Development Marketing 459

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. million to 3.8

Debt-to-income ratio 475

Debt-to-income ratio Marketing Equity Loans 475

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. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage rates went from 3% to 7% in the same year.

Mortgages 530

Mortgages Sales As-is Closing 530

Housing Wire

DECEMBER 16, 2023

9, 2022, and for many years: It’s rare the U.S. The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week.

Mortgages 536

Mortgages Sales As-is Marketing 536

Housing Wire

JANUARY 28, 2024

20-27): Inventory fell from 472,852 to 466,391 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 938,453 Last week, we saw active inventory fall slightly week to week. But, even with mortgage rates higher this year than last year, demand is rising.

Mortgages 524

Mortgages As-is Sales Marketing 524

Housing Wire

JANUARY 6, 2024

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the second half of the year. Will the number of homes that take a price cut this year drop below 2023 levels? Time to get this party started!

Mortgages 542

Mortgages As-is Branding Marketing 542

Housing Wire

MARCH 14, 2024

The lawsuit was previously reported by National Mortgage News and Law360. A 2022 audit by the HUD Office of Inspector General (OIG) discovered a lack of adequate procedures related to the repayment of premiums. 31, 2022, but has yet to receive it more than two years later. million in unclaimed refunds.

FHA loan 484

FHA loan Mortgages Loans Development 484

Housing Wire

MAY 8, 2024

” Pierce filed the lawsuit against Better Holdco , Garg and general counsel Nicholas Calamari on June 8, 2022, under multiple claims including violation of labor laws, defamation and breach of fiduciary duty. Pierce’s employment ended in February 2022. district court in New York on April 22.

Investor 378

Investor Loans Sales Marketing 378

Coldwell Banker

OCTOBER 25, 2023

The post Celebrating Excellence: Coldwell Banker PR and Global Luxury Marketing Teams Earn Platinum at the 2023 MarCom Awards for Global Luxury 2022 Trend Report appeared first on Coldwell Banker Blue Matter.

Marketing 85

Marketing 85

Housing Wire

JANUARY 26, 2024

A new report from Construction Coverage sourced by its researchers and data from the U.S. The report also took stock of statewide baby boomer homeowner populations. The report also took stock of statewide baby boomer homeowner populations. population, they account for nearly 38% of homeowners nationwide,” the report said.

Marketing 430

Marketing Equity Construction Loans 430

Housing Wire

JANUARY 5, 2024

million increase of 2022. While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. With December’s numbers in, a total of 2.7

Construction 448

Construction MLS Investor Mortgages 448

Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% percentage points, Zillow reported.

Mortgages 421

Mortgages Lending Equity 421

Housing Wire

MARCH 18, 2024

Julie Jason, an investment adviser and author, highlighted a CFPB report released in August 2023 that took a closer look at reverse mortgage advertising, both prior to and following the most restrictive period of the COVID-19 pandemic. About 51% of the ads that went to people in the West region were refinancing ads in 2021-2022.”

Mortgages 369

Mortgages Equity Industrial Branding 369

Housing Wire

MARCH 27, 2024

At that time, Bloomberg reported that LendCo, which was valued between $2 billion and $3 billion, was expected to go public in the first half of 2024, according to people familiar with the matter. The blank check company was delisted from the New York Stock Exchange in December 2022. No other details were provided. after four years.

Technology 432

Technology Lending Equity Investor 432

Housing Wire

APRIL 18, 2024

Although fewer home sale transactions closed in 2023 , fraudsters continued to be active, with the FBI reporting that fraud loss in the real estate sector reached $446 million in 2023. In 2023 , Old Republic’s title segment reported net fee and premium earnings of $2.563 billion, down 33.2% said in a statement. “We

Title 487

Title Land Mortgages Banks 487

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. billion in purchase originations in 2023, up 4% from 2022 and good for a market share of nearly 8%.

Mortgages 474

Mortgages Marketing Lending Banks 474

Housing Wire

APRIL 25, 2024

Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). The reports contain similarly limited outcome information for other financial literacy programs.”

Mortgages 351

Mortgages Equity Development Design 351

Housing Wire

APRIL 20, 2024

Here’s what new listings look like for last week over the last several years: 2024: 68,769 2023: 59,269 2022: 59,803 Price-cut percentage In an average year, one-third of all homes take a price cut; this is standard housing activity. 2022: 18.7% 2022: 18.7% This is something I talked about last week on Yahoo Finance.

Mortgages 498

Mortgages Finance As-is Sales 498

Housing Wire

APRIL 26, 2024

The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. in February, where it has been since March 2022 and only slightly higher than the all-time low,” Boesel added. Only three metros reported an annual increase in serious delinquency rates. percentage points.

Mortgages 445

Mortgages Staging Principal Loans 445

Housing Wire

JANUARY 5, 2024

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. We should get back all the jobs lost to COVID-19 by September of 2022.

Marketing 482

Marketing Staging Land Construction 482

Housing Wire

MARCH 20, 2024

The launch of Figure Technology Solutions comes a few months after Bloomberg reported that Figure Technologies was working with multiple investment banks — including Goldman Sachs Group Inc. , Figure announced its plans in 2022 to go public through a special purpose acquisition company (SPAC), Figure Acquisition Corp.

Lending 400

Lending Equity Technology Banks 400

Coldwell Banker

MARCH 1, 2022

From double-digit wealth and affluent population growth and the return of international buyers, “The Report” identifies the 2022 trends and opportunity markets transforming global luxury real estate.

Marketing 79

Marketing 79

Inman

JANUARY 17, 2023

In the midst of one of the most confusing markets in recent history, New York City's independent brokerages led the way in agent count growth and retention — two metrics at the top of most leaders' minds as we inch closer to entering a mild recession.

Brokerage 136

Brokerage Agents Marketing Residential 136