An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.

Mortgage

Oil prices impact Houston housing market

Slowdown anticipated

The recent decline in oil prices is taking its toll on the Houston housing market, according to an article in The Wall Street Journal.

The article cites a report from the Houston Association of Realtors that shows the sales of homes in the metropolitan area increased by 6.1% in January from a year earlier.   

Economists and other housing observers have expected Houston to lose momentum because oil prices declined by roughly 50% since last summer. Robert Dye, chief economist at Comerica Bank in Dallas, expects home-construction starts in the Houston area to decline by 11% this year.

“January was a strong month overall for the Houston housing market, but we still expect to see sales cool as a result of lower oil prices and the limited supply of homes,” said Nancy Furst, chairman of the Houston Realtors association, in a statement. “We’ve already started to see declining townhome and condominium sales.”

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By
3d rendering of a row of luxury townhouses along a street

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