Housing Wire

DECEMBER 4, 2023

Housing Forward is leading the charge in the greater Dallas area against homelessness, a vexing problem that plagues many cities across the county, and in recent years the nonprofit has notched some significant victories in the effort. That has been accomplished through the Housing Forward-led R.E.A.L

Development 395

Development Property Management Residential As-is 395

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. that doesn’t mean if you make them nice that people are going to automatically want to live there,” Lind said.

Renovation 456

Renovation Sales Investor Mortgages 456

Housing Wire

MARCH 2, 2023

Now that rates are moving up, affordability is hindered and making it difficult for potential buyers to act, particularly for repeat buyers with existing mortgages at less than half of current rates,” he said. We just have to make sure they meet the income limit of 100% of the AMI for the county that the home is in.

Mortgages 433

Mortgages Fixed-rate mortgage Equity MLS 433

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . is headed for a recession next year. in 2023, up from the expected 5.5%

Mortgages 414

Mortgages Residential Principal Lending 414

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Loans 397

Loans Renovation Construction Mortgages 397

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Mortgages 450

Mortgages Marketing Industrial Equity 450

Marco Santarelli

MAY 4, 2024

The burning question for many aspiring homeowners in 2024 is: when will houses become affordable again? The housing market is a complex beast, influenced by a mix of factors including: Inventory: Low supply and high demand have been the norm for several years, driving prices up. The answer, unfortunately, isn't a simple one.

Marketing 105

Marketing Construction Mortgages Land 105

Housing Wire

JULY 25, 2023

“It can’t be my forever home if I can’t afford it.” As soon as we find a house that our clients love and we think they are going to write an offer on it, we immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem.

Marketing 362

Marketing Debt-to-income ratio Agents Construction 362

Redfin

APRIL 17, 2024

You need to make nearly $90,000 annually to afford a starter home. In order to afford this, first-time homebuyers in Minneapolis should make $85,013 per year, up 7.2% The median income in Minneapolis is $106,561, meaning the typical resident can afford a starter home. The average U.S.

FHA loan 66

FHA loan Loans Principal Mortgages 66

Realty Biz

NOVEMBER 8, 2023

The current housing market is one of the most challenging in recent memory for buyers. This has made it difficult for many buyers to afford a home, and there’s not much evidence that things will get better any time soon. This is down from 41% in September 2022. This is making it more expensive to borrow money to buy a home.

Fixed-rate mortgage 81

Fixed-rate mortgage Marketing Pre-approval Mortgages 81

Keeping Current Matters

FEBRUARY 18, 2021

As shown in the graph below, Freddie Mac is projecting low rates going forward with a modest rise that’s expected to continue through 2022. Low mortgage rates are creating an outstanding opportunity for current homebuyers to get more for their money while staying within their budget. Bottom Line.

Mortgages 272

Mortgages Fixed-rate mortgage As-is Agents 272

Redfin

APRIL 16, 2024

In order to afford this, first-time homebuyers in Denver should make $127,808 per year, up 5.6% However, the median income in Denver is $110,552, meaning the typical resident cannot afford a starter home. In order to afford any median-priced home in the area, you’ll need to make $158,187 (as of October 2023).

FHA loan 64

FHA loan Loans Principal Mortgages 64

Redfin

APRIL 11, 2024

Even in a softer local market, you still need to make well above $100,000 Austin, TX, is a city rich in culture, events, outdoor recreation, and incredible cuisine. In order to afford this, first-time homebuyers in Austin should make $118,201 per year, up 0.7% As of April 2024, house prices are sitting at $550,000, a 17.8%

FHA loan 67

FHA loan Loans Principal Mortgages 67

Redfin

APRIL 17, 2024

In order to afford this, first-time homebuyers in Seattle should make $173,378 per year, up 8.4% The median income in Seattle is $126,647, meaning the typical resident cannot afford a starter home. Only California metros require a higher annual income to afford a starter home. House prices have risen by 12.5%

FHA loan 66

FHA loan Loans Principal Mortgages 66

Redfin

APRIL 16, 2024

In addition to being an affordable and unique place to live, Seattle is also home to a highly competitive real estate market that’s seen large changes over the past few years. In order to afford this, first-time homebuyers in Seattle should make $173,378 per year, up 8.4% House prices have risen by 12.5%

FHA loan 63

FHA loan Loans Principal Mortgages 63

Housing Wire

DECEMBER 20, 2021

“I’m still in this job, but I’m not making as much as I was at the previous one,” he said. “I’m trying to make an extra anywhere.” In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. It took Wilen, 49, about two months to get a new job.

Pre-approval 354

Pre-approval Loans Mortgages Principal 354

Redfin

APRIL 12, 2024

While it’s less than in Miami, it’s still more than many residents make. In order to afford this, first-time homebuyers in Tampa should make $82,528 per year, up 7.8% However, the median income in Tampa is $75,316, meaning the typical resident can’t afford a starter home. The average U.S.

FHA loan 61

FHA loan Loans Principal Mortgages 61

Redfin

APRIL 16, 2024

In order to afford this, first-time homebuyers in Portland should make $130,715 per year, up 6.0% However, the median income in Portland is $101,552, meaning the typical resident cannot afford a starter home. In order to afford any median-priced home in the area, you’ll need to make $149,023 (as of October 2023).

FHA loan 64

FHA loan Loans Principal Mortgages 64

Redfin

APRIL 16, 2024

In addition to being an affordable and unique place to live, Pittsburgh is also home to a competitive real estate market that’s seen many changes over the past few years. In order to afford this, first-time homebuyers in Pittsburgh should make $32,308 per year, down 0.8% for first-time homebuyers, trailing only Detroit.

FHA loan 57

FHA loan Loans Principal Mortgages 57

Marco Santarelli

MAY 12, 2024

Boise's housing market is likely to experience a moderation in price growth , potentially transitioning from a seller's market to a more balanced market. This doesn't necessarily mean a housing crash. Let's explore the housing market trends in Boise. jump, according to Weknowboise.

Marketing 84

Marketing New Construction Construction Mortgages 84

Redfin

APRIL 10, 2024

In order to afford this, first-time homebuyers in Nashville should make $98,314 per year, up 7% from 2023. However, the median income in Nashville is $91,252, meaning the typical resident often can’t afford a starter home. As expected, starter homes are much more affordable than non-starter homes in Nashville.

FHA loan 66

FHA loan Loans Principal Mortgages 66

Redfin

APRIL 11, 2024

In order to afford this, first-time homebuyers in Las Vegas should make $92,011 per year, up 6.2% However, the median income in Phoenix is $78,212, meaning the typical resident often can’t afford a starter home. In order to afford any median-priced home in the area, you’ll need to make $113,186 (as of October 2023).

FHA loan 67

FHA loan Loans Principal Mortgages 67

Redfin

APRIL 10, 2024

You now need a six-figure salary to afford a starter home in Phoenix. In order to afford this, first-time homebuyers in Phoenix should make $101,321 per year, up 6.6% However, the median income in Phoenix is $89,521, meaning the typical resident often can’t afford a starter home. The average U.S.

FHA loan 63

FHA loan Loans Principal Mortgages 63

Redfin

APRIL 12, 2024

In order to afford this, first-time homebuyers in Jacksonville should make $77,040 per year, up 9.9% Also, the median income in Jacksonville is $83,778, meaning the typical resident can afford a starter home. In order to afford any median-priced home in the area, you’ll need to make $99,549 (as of October 2023).

FHA loan 64

FHA loan Loans Principal Mortgages 64

Realty Biz

JULY 7, 2022

With interest rates and inflation both on the rise, the US housing market has recently taken a hit. Home prices have fluctuated wildly, and there have been a number of high-profile housing bubbles that have eventually burst, causing economic damage. . The Current State of the Housing Market in 2022. by late 2022.

Marketing 108

Marketing Pre-approval Mortgages As-is 108

Realty Biz

MARCH 20, 2024

The city's unique vibe, characterized by its friendly communities and progressive values, makes it an attractive destination for individuals and families alike seeking a fresh start or new adventures. Housing Market and Cost of Living Portland’s housing market has experienced significant shifts in recent years.

Construction 84

Construction As-is Residential Marketing 84

Realty Biz

MARCH 2, 2023

House prices were at an all-time rise in 2021, with the average cost for a house at $400,000 as of 2022. Read on to discover how to find cheap houses for sale. Read on to discover how to find cheap houses for sale. To find affordable houses, sort the list by price.

Sales 120

Sales MLS Short sale Banks 120

Marco Santarelli

AUGUST 12, 2023

The UK housing market is currently in a state of flux. After a period of rapid growth in 2022, house prices started to fall in 2023. In May 2023, the average UK house price was £286,000, which is £6,000 higher than 12 months ago, but £7,000 below the recent peak in September 2022. recorded in April 2023.

Marketing 98

Marketing Land As-is 98

Real Trends

DECEMBER 28, 2022

The housing market looks a lot different than it did just 12 months ago in cities and metropolitan areas across the country, and agents and brokers have had to adapt. “If If anyone thinks they are going to sell real estate in ’23 like they did in ’20, ’21 or early ’22, they aren’t going to make it,” Nick Bailey, the president of RE/MAX said.

Agents 112

Agents Marketing MLS Development 112

Broke Agent Media

JANUARY 20, 2023

housing market, weighed down by cost strains and seasonal cooling, is moving closer to “normal.” Mortgage rates are down and have brought a slight reduction in monthly mortgage costs, but rates are still high enough to make both buyers and sellers cautious about returning. housing market is closer to “normal.”

Marketing 98

Marketing Mortgages Sales Agents 98

Broke Agent Media

JANUARY 24, 2023

BAM Trending: A record number of home buyers look to new metros in search of affordability in the latest Redfin report, with 24.6% of Redfin.com users looking to relocate in the fourth quarter of 2022. of Redfin.com users looking to relocate at the end of 2022 in search of affordability.

Sales 98

Sales Mortgages Agents Marketing 98

Realtor.com

JANUARY 23, 2023

It’s little wonder that just about everyone seems to be searching for clues on where housing sales are going this year. On one end are starter homes, traditionally smaller and more affordable, geared toward first-time homebuyers; on the other, luxury homes, the spacious mansions with every amenity imaginable marketed to the wealthy.

Equity 126

Equity Residential Marketing As-is 126

Broke Agent Media

JANUARY 9, 2023

The Federal Housing Finance Agency (FHFA) increased conforming loan limits to $1,089,300 in some high-cost markets, making them more accessible to buyers. The Federal Housing Finance Agency (FHFA) increased conforming loan limits to $1,089,300 in some high-cost U.S. homes no longer require a jumbo loan for financing. .

Loans 98

Loans Debt-to-income ratio Finance Loan Officer 98

Broke Agent Media

FEBRUARY 2, 2023

® Emerging Housing Markets Index was released this week, with smaller midwestern metros dominating the list. We have excellent news for real estate agents in the Midwest , as well as for buyers and real estate investors shopping for affordable homes in up-and-coming markets. ® Emerging Housing Markets Index is out.

Marketing 98

Marketing Investor Days on market Agents 98

Marco Santarelli

MAY 30, 2022

Check out the latest housing trends if you're unsure whether it is a good time to buy a house. As a buyer, you do not want to hear this because lower interest rates make home loans more affordable. A decline in the availability of mortgage credit can also make it more difficult to qualify for a mortgage and buy a house.

Mortgages 124

Mortgages As-is Marketing Construction 124

Broke Agent Media

MAY 31, 2023

For context, that number rose 23% in April 2022. in April 2022 and from about 19% just before the onset of the pandemic. Remote work makes this more feasible for many. And buyers are deliberately favoring sunny and relatively affordable metros with lower taxes. Redfin’s records go back through 2018.

Mortgages 98

Mortgages Agents Marketing As-is 98

Fancy Pants Homes

JANUARY 3, 2023

Glass Onion: A Knives Out Mystery (2022). (L-R) Courtesy of Netflix © 2022. Miles Bron’s house in Glass Onion: A Knives Out Mystery (2022) Cr: Courtesy NETFLIX. Is the Glass Onion house real? How about the Glass Onion house? Glass Onion: A Knives Out Mystery (2022) Cr: Courtesy NETFLIX.

Design 105

Design As-is Residential 105