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.

Fannie Mae official questions purpose of AMCs

A Fannie Mae official Monday questioned the role of appraisal management companies, or “AMCs,” in evaluating houses.

Atlantic Bay Mortgage’s Chrissy Zotzmann Brown on secrets to success

Today, HousingWire Daily is joined by Atlantic Bay Mortgage Group’s Chrissy Zotzmann Brown for the Women of Influence podcast miniseries.

Why today’s housing market makes speed and agility crucial for lenders

In light of the state of the housing market, HousingWire sat down with Nomis Solutions CEO Frank Rohde to discuss why agility, speed and a better customer experience are more important than ever.

Politics & MoneyReal Estate

Existing home sales data: Look at year-over-year growth

That 9.1% is impressive, and tells an important story about the market right now

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According to The National Association of Realtors, February’s existing home sales missed estimates, coming in at 6.2 million.

Because February 2020 sales were strong, the year-over-year growth in sales for February 2021 is impressive at 9.1%. For the housing market, the COVID crisis started in earnest in March of 2020. The data for February 2020 showed that the housing market was set to outperform all other sectors. Of course, when we got the February 2020 report, even though sales were robust, the country was in full crisis mode, so the report was ignored. At that point, we were too busy buying hand sanitizer and hoarding toilet paper to notice this good news.

This current NAR report also shows that the median sales price jumped 15.8% year over year. Yikes! You may recall I warned that this could happen during the years 2020-2024.

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