The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Redfin: Here’s why now is the ideal time buy a home

Positive forecast for rest of 2014

Winter brought a surprise polar vortex that fed into a spring home-buying season that didn’t produce astounding results, but the remaining month of summer and rest of the year are projected to finally produce strong housing activity, according to Redfin Chief Economist Nela Richardson.

“Homebuyers who have been willing to wait for better deals are starting to be rewarded for their patience, as sellers drop listing prices to meet buyers’ more value-focused expectations,” Richardson said.

“Two market developments in July are spurring this change in housing activity as the market transitions from the summer to the fall buying season,” she added.

1. Home-price slowdown

Home-price growth was mostly flat in July for the first time in five months, Richardson explained.

As Senior Financial Reporter Trey Garrison said Friday morning, home-price growth has slowed across the board, and Capital Economics says the slowdown will likely meet the company's forecast for inflation to slow to 4% in 2015.

“Even we were a little surprised by the consecutive month-on-month declines in house prices during April, May and June on the new monthly Case-Shiller national measure,” said Paul Diggle, property economist with Capital Economics. “Echoing that message, the Case-Shiller 20-City measure of house prices fell during the latest two months.”

2. End of seller’s market

“The second is a shift in pricing power from sellers to a more balanced market. That shift has been nearly nine months in the making from when sales began to first decline last November,” Richardson said.  

Back in October, HousingWire reported that sellers were starting to lose their dominance in the market, with 72% of surveyed agents describing now as a good time to sell compared to 86% in the second quarter of 2013.

“We expect the confluence of these two trends to drive an unusual surge in home sales this fall. We also expect prices to continue to flatten, and to potentially decline month over month in September or October. If that happens, it will be the first three-month price decline since the fall 2012,” Richardson concluded. 

Most Popular Articles

Lenders mandated to use FHA Catalyst for appraisals

Starting March 14, 2022, the Federal Housing Administration will require all lenders to use FHA Catalyst for appraisals.

Sep 21, 2021 By

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please