Housing Wire

MARCH 18, 2022

This level is still within my 2022 forecast sales range between 5.74 While demand is solid, the savagely unhealthy aspect of housing is continuing. You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. million and 6.16 million level.

Marketing 541

Marketing Investor Sales Days on market 541

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.

Sales 513

Sales Mortgages Principal Short sale 513

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Why would the higher rate environment not last as long?” economy remains hot. But look, I think a lot of it is wishful thinking.

Loan Officer 388

Loan Officer Loans Mortgages Agents 388

Housing Wire

APRIL 22, 2024

My advice is to start simple. Anytime there is a downturn in housing sales or a shock to the industry like with the litigation settlement, although we have not faced anything like this in my 47 year career, there is uncertainty,” Murray said. What does your instinct say? Murray said.

Brokerage 354

Brokerage Purchase and sale agreement Title Industrial 354

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2

Bankruptcy 514

Bankruptcy Loans Sales Short sale 514

Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His articles are always my favorite. takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. Are we in a housing bubble?”

Construction 381

Construction Closing New Construction Agents 381

Housing Wire

FEBRUARY 27, 2024

My experience in the financial services industry tells me that there is more trouble for the housing economy on the horizon, for Americans of all ethnicities. Here is why and what can be done about it. This is important for anyone who wants to understand Black consumers and do business with them. But it wasn’t enough.

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Banks Loans Land Commercial 401

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). Last year, there were (number) homes sold here, and the average selling price was (dollar figure). (If Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell.

Brokerage 346

Brokerage Investor Agents Pre-approval 346

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . making housing cool down noticeably.

Sales 545

Sales As-is Mortgages Marketing 545

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. Consumers are free to sell or buy a home without an agent — and consumers know this. Preceding Redfin over the last 50 years have been consumer discount firms Help-U-Sell, Assist2Sell , and ZipRealty , among others. Why aren’t consumers using discount firms?

MLS 418

MLS Brokerage Agents Industrial 418

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. It wasn’t the rate move that caught my attention — it was the new listing data. This is the exact opposite of panic selling, by the way.).

Mortgages 515

Mortgages As-is Marketing Finance 515

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020.

Marketing 518

Marketing Sales Staging Short sale 518

Housing Wire

SEPTEMBER 22, 2023

Terrence Murphy From the end zone to luxury open houses, Terrence Murphy is proof that an entrepreneurial spirit is the key to success in nearly everything. Throughout it all, Murphy said, “Books, God and my wife are my triangle of success.” I’m most proud of my three-time, academic all-conference record.

Brokerage 362

Brokerage Investor As-is Agents 362

Housing Wire

MARCH 9, 2024

Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. In my 2024 forecast , I put the 10-year yield range between 3.21%-4.25% , with a critical line in the sand at 3.37%. If so, what will this do to inventory levels? We haven’t broken either yet.

Mortgages 451

Mortgages As-is Sales Closing 451

Housing Wire

JUNE 21, 2022

The housing nightmare continues. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. million , down 3.4% from the previous month and 8.6% from last year.

Purchase and sale agreement 539

Purchase and sale agreement Marketing Sales Mortgages 539

Housing Wire

SEPTEMBER 30, 2023

Why are mortgage rates rising? The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will pivot until the four-week moving average of jobless claims gets above 323,000. ” My answer: “Stop talking about raising rate at this stage with a hawkish outlook!

Mortgages 484

Mortgages Land Staging Marketing 484

Housing Wire

JUNE 1, 2023

The last six months in the housing market were tough. 2023 has been a year that started off with some renewed optimism thanks to an uptick in housing activity but quickly took a turn as events, like the collapse of Silicon Valley Bank, threw a wrench into a lot of forecasts for the year.

Banks 338

Banks Finance Industrial As-is 338

Housing Wire

MAY 9, 2022

Knowing this reality, my priority before 2020 was trying to convince people that the U.S. wasn’t in a second housing bubble. To persuade people of this, probably one of the most important articles I have ever written in my life was in 2019, titled: Housing Bubble 2019? housing market follow Canada? look very cheap.

Short sale 527

Short sale Mortgages Equity Sales 527

Housing Wire

SEPTEMBER 8, 2022

How marketing saved my business. How marketing saved my business. I was selling houses like crazy in Denver. But I was only really good at one thing, selling houses. People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Not anymore. Everyone wore a Rolex.

Marketing 406

Marketing Technology Loan Officer Loans 406

Housing Wire

JUNE 1, 2022

Strategy is the foundational element in building the future of the housing sector. Morgan Salama: First, if there’s anything that I have learned in my career, it’s that nobody gets anywhere alone. He is such an amazing and intelligent person who has shaped my career. . Photo credit: Chris Plavidal.

Title 404

Title Closing Industrial As-is 404

Housing Wire

DECEMBER 3, 2021

Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? Reina Ramos: My biggest learning opportunities were working for both large and small institutions. They did a comprehensive job at teaching lenders how to sell, honing in on skills.

Due diligence 382

Due diligence Loan Officer Banks Industrial 382

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. I hope the seasonal bottom was two weeks ago.

Marketing 544

Marketing Mortgages Sales As-is 544

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. I have documented the history of these housing price crash addicts for a decade now. Housing inventory issue with no booming demand. million listings. million.

Bankruptcy 381

Bankruptcy Days on market Sales Short sale 381

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. On top of that, the forward-looking purchase apps have been impacted negatively.

Marketing 410

Marketing Mortgages Days on market Sales 410

Housing Wire

SEPTEMBER 27, 2022

When Federal Reserve Chairman Jerome Powell talked about a housing reset in June , it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting , held last week, Powell finally clarified what he meant by that term and what a housing reset means to the Fed. What a housing reset means.

Banks 464

Banks Construction As-is Marketing 464

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024.

Mortgages 475

Mortgages Sales As-is Marketing 475

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year. didn’t go into recession until 2008.

Marketing 483

Marketing Banks Mortgages Loan Officer 483

Housing Wire

JUNE 11, 2023

Weekly housing inventory We have two big housing inventory themes in 2023 that must be discussed. I did a podcast on why I believe this is happening post-2020 when it wasn’t normal in the past. So much for the 2021 grifting premise that once mortgage rates rise, many Americans will list to sell and get out!

Marketing 487

Marketing Mortgages Banks Land 487

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. Weekly housing inventory They say slow and steady wins the race; well, for housing inventory in 2023, it’s been terribly slow this spring. From the St.

Marketing 484

Marketing Mortgages As-is Sales 484

Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. Traditionally, one-third of all homes have price cuts before they sell. If I had told you on Dec.

Mortgages 496

Mortgages Sales Closing As-is 496

Housing Wire

MARCH 28, 2022

Logan Mohtashami: One of the things about my work is that I never revise my forecast every month like some economists do because I tend to forecast ranges in data rather than adjust the estimates based on an event. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market.

Marketing 322

Marketing Construction Equity Mortgages 322

Housing Wire

JULY 7, 2023

In my 2023 forecast , I wrote that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates between 5.75% and 7.25%. As you can see in the chart below, the 10-year yield channel has stayed within my 2023 forecast range. The four-week moving average fell, to 253,25.

Mortgages 388

Mortgages Land As-is Marketing 388

Housing Wire

AUGUST 4, 2023

Let’s look at the report’s internals, where we gained and lost jobs, and why mortgage rates fell today. If you want to see why mortgage rates are falling today, this is one data line to keep an eye on going out for months. Today we were close to testing the high-end range for my 10-year yield 2023 forecast of 4.25%.

Mortgages 338

Mortgages Staging As-is Closing 338

Housing Wire

OCTOBER 19, 2023

In his testimony, Gansho confirmed that NAR’s “Antitrust Compliance Guide” states that members should not discuss fees with competitors and that agents should never use statements such as, “I’d like to lower the commission, but no one will show your house.” Why do commission rates appear to be so insensitive to economic forces?

Agents 380

Agents MLS Brokerage Equity 380

Realty Biz

MAY 19, 2024

Selling a house in need of repairs can be challenging. I will provide tips and advice on how you can accomplish your goal of selling fast without investing a ton of money: How to highlight the home's potential and minimize flaws. Cost-effective strategies to improve the house's appearance.

Staging 86

Staging Sales Renovation As-is 86

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

Land 519

Land Mortgages As-is Marketing 519

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Sales 443

Sales Mortgages Staging As-is 443