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.

Investments

New home sales stall out in January, falling 0.2%

Down trend continues for housing as 2015 unfolds

Sales of new single-family houses in January 2015 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 0.2% below the revised December rate of 482,000, but is 5.3% above the January 2014 estimate of 457,000, considered a weak level.

The Wednesday report piles onto a series of bad news for the housing industry.

The year is off to a bad start for housing in terms of housing starts, completions and permits. Existing home sales tumbled in January, and mortgage applications have been spiraling downward in February, giving away most of the gains made in January.

The earliest home price report from Black Knight Financial Services pointed to home price declines in December.

But not everyone is convinced that these early 2015 reports means housing is faltering

This bad news comes a month after new home sales surged 11.6% in December to a 481,000 annual rate. This followed a 6.7% drop in November.

The median sales price of new houses sold in January 2015 was $294,300; the average sales price was $348,300.

 The seasonally adjusted estimate of new houses for sale at the end of January was 218,000. This represents a supply of 5.4 months at the current sales rate. 

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3d rendering of a row of luxury townhouses along a street

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