Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. When you step into construction risk, it’s essential to have a partner that understands the market.

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Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. Weekly inventory change (Dec.

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Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year. real estate market as of mid-August 2024. The Austin, Texas market peaked inventory a few weeks ago.

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Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

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Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

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Housing Wire

SEPTEMBER 12, 2024

housing market. This means that baby boomers have the most economic power when it comes to housing markets, as sellers are more likely to accept offers where financing is least likely to fall through.” Retirement often signals a major shift in a person’s life.

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Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. As 2025 approaches, the U.S. reflect a growing divide.

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Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

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Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often.

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Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. The retail direct-to-consumer segment represents about half of the mortgage market, and while we’re already the No.

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Housing Wire

NOVEMBER 22, 2024

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.

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Housing Wire

JULY 24, 2024

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It Altos considers anything above 30 to be indicative of a seller’s market.

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Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. The median price of all the homes on the market is now $440,000, that’s unchanged from last year.

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Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed. Two and a half years.

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Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.

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Housing Wire

AUGUST 5, 2024

sent shockwaves through financial markets around the world on Monday. mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchmark interest rates, along with a much weaker-than-expected jobs report. Fears of a recession in the U.S.

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Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react? Inventory is 38.5%

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Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The regional housing market was slower to recover from the financial crisis of the late 2000s than other parts of the country, and it had been reeling from a general decline of the region for years before that.

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Housing Wire

JULY 31, 2024

Interest rate impact Financing a home today is undeniably much more expensive than just a few years ago. The median home in 2019—priced at $212,000 and financed with a 30 year mortgage for 3.75%—would carry a monthly cost of under $900. Incomes are the single best predictor of home prices.

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Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

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Housing Wire

SEPTEMBER 6, 2024

To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members in these two generations. It concluded that the most favorable markets are on the East Coast and in the Midwest. The city that topped the list is Tampa. and the quality of life score ranks No.

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Housing Wire

OCTOBER 21, 2024

In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. This was driven by optimism about the housing market and economy. It also shows up in their personal finances.

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Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

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Housing Wire

AUGUST 1, 2024

Americans are considering the potential impacts of political changes on the economy and housing market, leading many to adjust their buying timelines accordingly.” When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. According to data from the U.S.

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Housing Wire

SEPTEMBER 9, 2024

The interviews revealed that buyers in some markets are more open to taking on some of the cost of compensating their agents. While Redfin agents are seeing more negotiations, it’s more common in some markets than others. We’ve found a tale of two markets,” Fairweather said.

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Housing Wire

SEPTEMBER 19, 2024

Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident. This week’s 50 bps Fed cut is welcomed news, and we are hopeful it will have a positive impact on the broader housing market,” she told RMD.

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Housing Wire

APRIL 8, 2024

The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless. One bucket is properties that are closer to metropolitan areas where the owner could easily convert [to a market-rate property] for higher rents,” he said.

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Housing Wire

SEPTEMBER 10, 2024

Reid has spent more than 40 years in the banking, real estate, capital markets and affordable housing spaces. ” Prior to joining PNC, Reid founded Beekman Advisors , where she worked with real estate finance executives and boards on strategic advice and the execution of mergers and acquisitions.

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Housing Wire

OCTOBER 24, 2024

Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. After-repair value is the estimated market value of a property in fully repaired condition.

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Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau.

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Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. There were a record number of apartments delivered in many markets last year, but builders appear to be pulling back to avoid a glut of supply. Housing completions also grew by 15.5%

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Housing Wire

SEPTEMBER 30, 2024

Two of the top five lenders in the reverse mortgage industry are now engaged in a legal skirmish over marketing practices that one lender calls deceptive. Longbridge also states that certain informational blog posts on the Review Counsel website are written by Mutual of Omaha’s director of marketing communications.

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Housing Wire

NOVEMBER 14, 2024

The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report. Fannie and Freddie are also legally mandated to follow housing goals that “serve as benchmarks for measuring how the GSEs facilitate the financing of affordable housing for low-income families,” the report stated.

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Housing Wire

JULY 4, 2024

As Gen-Z enters the housing market , many say they’ve given up on buying a home. Some blame millennials and some blame boomers, while others say that, in fact, boomers are the ones who faced the toughest headwinds when entering the housing market. There’s a lot of finger-pointing and very few solutions.

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Housing Wire

DECEMBER 20, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August , are largely unchanged from the initial draft.

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Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. Since that point, “both Enterprises have seen encouraging growth in this critical market segment,” the FHFA said. “In

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Housing Wire

AUGUST 15, 2024

Why many would forego homeownership during a challenging mortgage market is easy to understand. To make matters worse, there is a limited inventory of homes on the market , as many current homeowners hold rates well below 6% and don’t want to be saddled with higher rates. by the fourth quarter of 2024.

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