What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Conquering the Mortgage Lender’s Dilemmas

This webinar provides a roadmap for creating a sophisticated, digital-first cost improvement strategy to maximize profits by reducing high processing environments.

HW's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

We need higher mortgage rates to cool the housing market

2020-2024 will have the best housing market demographics and the lowest mortgage rates ever recorded, which could accelerate real home prices too quickly.

Mortgage

Could mobile homes help housing affordability crisis?

Especially since prices keep rising

Despite the negative stigma that surrounds mobile homes, it doesn’t mean the manufactured houses don’t have a role to play in the housing process, especially when it comes to affordability.

According to an article in Bloomberg by Patrick Clark, “The average sales price of a new mobile home was $67,800 in April, compared with an average sales price of $380,000 for a site-built home.”

The majority of mobile homes are located in in California. However, this is starting to charge. The article stated that in recent years, new mobile home sales have made up a larger share of the housing market in Southern states.   

So what’s stopping the growth?

From the article:                                                        

The mobile home industry has a controversial past, with a reputation for selling poor customers shoddy products and expensive loans. In many cases, mobile home owners buy the structure they live in but lease the land on which it lies.

But, as housing prices start to rise, so does the appeal of mobile homes.

The articles added, “While mobile homes often make the most sense in sparsely populated areas, there’s no reason they can’t be used to increase the stock of affordable housing in U.S. cities.”

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Josh Team out as Keller Williams president

Josh Team is out at Keller Williams, not long after he received what appeared to be a promotion. He announced his resignation on Facebook.

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

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