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.

Real Estate

Here are summer’s hottest housing markets

New markets emerge in top 5

Summer’s heating up, and so are real estate markets across the nation. The nation’s top five markets shifted dramatically as not one market held the same place it had last month.

Ten-X, an online real estate marketplace, released its Top Single-Family Housing Markets Report for Summer 2016. This report rants the 50 largest U.S. housing markets according to current and forecasted data.

Markets in the top five showed consistently strong demand, home price appreciation and economics and demographic growth.

In Florida, where four of the top five markets are located, the state’s top metros have more affordable housing, subdued permit activity, revitalized local economies and a strong population growth trending significantly above the national average.

On the other side of the U.S., Seattle, which made the list of top markets, represents the tech-driven gains of the Pacific Northwest along with Portland, which is now ranked as the ninth hottest market.

“There are strong regional tendencies in our Summer housing market report, with cities in the Southeast, the Pacific Northwest, and California performing exceptionally well, while the Northeast and Midwest are lagging behind,” said Ten-X Executive Vice President Rick Sharga.

“Cities like Orlando are receiving a boost from low oil prices, which in turn is leading to an increase in travel and tourism,” Sharga said. “And of all the states that were hit hard during the crash, Florida still has the most room to grow to get back to peak housing prices.”

5. Seattle, Washington

Seattle slid down from first place in the Spring report to fifth. Home price growth increased 15.4% annually to an all-time high of $450,000, while home sales growth increased 10.8% from last year.

Washington

4. Fort Lauderdale, Florida

Fort Lauderdale increased slightly from fifth to fourth place for the Summer. This market saw an increase in annual home price growth of 8.9%, 18.5% below their previous peak, while home sales grew 3.9% annually.

Florida

3. Tampa, Florida

Tampa shot up from 11th in the Spring. It’s home price growth increased 12.1% annually, and its home sales growth increased 4.5% from last year. This market is now in its 29th consecutive month of job gains.

florida

2. Orlando, Florida

Orlando increased from its previous ranking of sixth. It showed an annual increase of 10.4% in home price growth, and an increase of 5.1% annually in home sales growth. Seasonally adjusted home prices increased for 19 consecutive quarters.

Florida

1. Palm Beach County, Florida

Palm Beach County jumped into first from its previous ranking of fourth. Its home price growth increased 16.8% from last year, the highest pace in the country, and its home sales growth increased 4.3% in that same time period.

florida

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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

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