Housing Wire

MAY 4, 2024

Last year, during this same timeframe, inventory fell week to week as well, so always remember that a trend is more important than one week’s data. The price-cut percentage growth in 2024 is much slower than in 2022, when rates spiked more aggressively. Let’s delve into the weekly data to see what we can uncover.

Mortgages 447

Mortgages Sales As-is Marketing 447

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 83

Marketing 83

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

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

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Sales Investor Finance Marketing 501

Housing Wire

JANUARY 6, 2024

If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. 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.

Mortgages 542

Mortgages As-is Branding Marketing 542

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.

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Staging Land Sales As-is 527

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. But the volume of repurchases has trended downward since the peak, according to the Sterling Point/Augment report.

Loans 415

Loans Due diligence Investor Technology 415

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. Also, spreads between the 10-year yield and the 30-year mortgage got better last week, which is a big plus for the future if this trend continues.

Mortgages 470

Mortgages Land As-is Marketing 470

Housing Wire

APRIL 5, 2024

Today’s jobs report beat estimates , but the internals show the labor market is softening, as the Federal Reserve wants. Since 2022, I haven’t believed the Fed would pivot until the labor market breaks. The data shows that wage growth is cooling down and the job opening quits rate is below pre-COVID-19 levels.

Land 476

Land Mortgages Marketing Construction 476

Housing Wire

FEBRUARY 10, 2024

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. A perfect example was in 2022: when housing inventory rose faster as demand crashed, the percentage of price cuts rose faster. What is all this data pointing to?

Mortgages 518

Mortgages Sales As-is Closing 518

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 483

Marketing Staging Land Construction 483

Housing Wire

DECEMBER 26, 2023

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. in October, marking nine consecutive monthly gains and the strongest national growth rate since 2022,” Luke said. . census divisions posted a 4.8% census divisions posted a 4.8%

Mortgages 497

Mortgages Marketing Sales As-is 497

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. The key labor data line in this expansion is the weekly jobless claims report. Even with the massive miss on a job report in May 2021, I didn’t waver. Today, we are at 157,808,000.

Marketing 505

Marketing Mortgages As-is Finance 505

Housing Wire

FEBRUARY 15, 2024

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin. The trend is driven primarily by older Americans, particularly baby boomers, who are electing to stay in their homes longer. years last year, up from 6.5

New Construction 484

New Construction Construction Mortgages As-is 484

Housing Wire

FEBRUARY 4, 2024

New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Weekly new listing data for last week over the last several years: 2024: 44,167 2023: 40,767 2022: 40,370 Price cut percentage Every year, one-third of all homes take a price cut before selling — this is very traditional housing activity.

Mortgages 515

Mortgages Staging As-is Marketing 515

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 449

Construction MLS Investor Mortgages 449

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Marketing 482

Marketing Mortgages As-is Sales 482

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

NOVEMBER 4, 2023

Three of the four labor reports were softer than anticipated on jobs week. Job openings data was fine, but the ADP jobs report came in as a miss, jobless claims came in worse than anticipated, and the jobs Friday report showed a slowdown in job and wage growth. So what happened triggered the drop? Weekly inventory change (Oct.

Mortgages 488

Mortgages Staging As-is Marketing 488

Housing Wire

MARCH 2, 2024

Weekly new listing data for the last week over several previous years: 2024: 52,189 2023: 48,156 2022: 49,019 As we head into the seasonal inventory increase, we will watch how higher rates impact inventory data. The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. Of course, I have a different view.

Mortgages 535

Mortgages Sales As-is Closing 535

Housing Wire

OCTOBER 3, 2023

Los Angeles-based rental management software provider RentSpree has launched a reporting feature called Credit Builder, which will facilitate reporting online rent payments to the credit bureaus. In June 2022 , Freddie Mac authorized on-time rental payments to be included in its underwriting system. It’s a win-win.”

Loans 423

Loans Development As-is Technology 423

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. The forthcoming jobs report from the U.S. Bureau of Labor Statistics will provide further clarity for mortgage rate trends. “My At the same time one year ago, Polly ’s 30-year fixed rate averaged 6.82%. Between Feb.

Mortgages 470

Mortgages Loans Investor As-is 470

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 426

Title Marketing Investor Commercial 426

Housing Wire

JUNE 23, 2023

from May 2022, to 1.63 from May 2022, to 1.63 The survey solicits the perspective of approximately 75-125 small- and mid-sized tract homebuilders nationally about sales, customer traffic, and pricing trends (117 responses this month). Sales and traffic trends were a mixed bag in May. from April, and up 5.7%

Construction 378

Construction Sales Residential Mortgages 378

Housing Wire

JANUARY 28, 2024

Once I make some holiday adjustments, we have eight weeks of a positive trend since mortgage rates fell from the 8% high , and as of now, the slightly higher rates we’ve seen recently haven’t impacted the data just yet. Toward the end of 2022, that marketplace changed as home sales stopped crashing and the market stabilized.

Mortgages 524

Mortgages As-is Sales Marketing 524

Housing Wire

JANUARY 9, 2024

Other mortgage lenders may follow suit since regulators plan to replace the classic credit system with an updated one to incorporate trended data. However, the Federal Housing Finance Agency announced in late 2022 that it would replace the Classic FICO credit model with the FICO 10 T and VantageScore 4.0, Fair Isaac Corp.

Loans 453

Loans Investor Mortgages Lending 453

Housing Wire

APRIL 3, 2023

Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. Last week had the potential for fireworks, but it was pretty tame, this week we have four labor market reports to deal with. Last week was relatively calm for the housing market after the fiasco of the banking crisis.

Marketing 500

Marketing Banks Mortgages Sales 500

Housing Wire

SEPTEMBER 10, 2023

However, one week doesn’t make a trend. However, in 2022, home sales were collapsing in the fastest fashion ever in history, so we must be mindful of comparing this year to last. New listing data is getting interesting: two weeks ago, we had a noticeable decline from the trend and then a weekly rebound.

Mortgages 485

Mortgages Branding Sales As-is 485

Housing Wire

NOVEMBER 3, 2023

The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. Today’s labor data isn’t the cleanest report with labor strikes in different sectors and we did get significant negative revisions. Bureau of Labor Statistics reported today. percent, the U.S.

Mortgages 500

Mortgages Land As-is Marketing 500

Housing Wire

APRIL 16, 2023

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number.

Marketing 533

Marketing Mortgages Sales Banks 533

Housing Wire

DECEMBER 2, 2023

What a week! Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Times can change quickly, which is why we created the weekly tracker so you have the information you need in real-time. Purchase application data Hello, early Christmas present! In Q3, the U.S.

Mortgages 543

Mortgages As-is Marketing Closing 543

Housing Wire

OCTOBER 24, 2023

billion in revenue, which is 12% lower than Q3 2022, but $129 million in net income, an increase of 135% compared to the same time last year. Existing home sales fell steadily throughout the summer, with home sales trending for the year at 4.07 higher than in September 2022. The company closed the third quarter with $1.6

Marketing 441

Marketing Branding Brokerage Sales 441

Housing Wire

APRIL 26, 2024

That’s according to a pair of reports released Thursday by Redfin. That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. In Texas and Florida , however, key market signals show diverging trends. Redfin reported that among the 10 U.S. Redfin reported that among the 10 U.S.

Marketing 401

Marketing Mortgages Brokerage Sales 401

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever. What’s going on with housing inventory ?

Mortgages 493

Mortgages Closing Sales Marketing 493

Housing Wire

NOVEMBER 25, 2023

The rule of thumb is that it’s a material difference if we get 12-14 weeks of a positive trend. No more excuses if this happens again, hence why reading the weekly tracker reports is a good thing. Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen.

Mortgages 533

Mortgages As-is Sales Marketing 533

Housing Wire

APRIL 6, 2023

Meanwhile, at HousingWire ’s Mortgage Rates Center , Optimal Blue ’s 30-year fixed conforming mortgage rate was trending even lower at 6.22% as of April 5, down compared to 6.44% the previous Wednesday. Industry observers believe rates are trending down because of new data showing a weaker labor market. economy is slowing down.

Mortgages 488

Mortgages Fixed-rate mortgage Investor Loans 488

Housing Wire

DECEMBER 12, 2023

Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. Let’s dig into the report to find out why the Fed can now discuss rate cuts for next year. Bureau of Labor Statistics reported today.

Land 502

Land Mortgages Marketing As-is 502