Articles Tagged with ''Housing Market 2019''

HousingWire News Podcast: LoanDepot’s Alec Hanson & TJ Freeborn discuss the importance of leveraging human-touch in mortgage lending

Listen to this week's latest episode
Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, Alec Hanson, LoanDepot’s SVP and Pacific Southwest division manager, and TJ Freeborn, SVP of Customer Experience, discuss the importance of incorporating human interaction within the loan origination process.
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First American: A lack of housing inventory slows growth in potential existing sales

In May, potential existing-home sales rose only 0.4% from April
In May, potential existing-home sales increased only 0.4% from the previous month, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said May's slowdown can be attributed to the housing market's unprecedented homebody era.
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NAR: Existing home sales rise 2.5% in May

Inventory remains near historic lows
In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said homebuyers' purchasing power has been bolstered by favorable conditions like falling mortgage rates.
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Redfin: A lack of housing supply is slowing home-sale growth

In May, home sales rose only 2.5% from the previous year
In May, home-sale growth continued to lag, highlighting a slowdown in inventory, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said although recent surges in mortgage applications reflect heightened homebuyer demand, a lack of inventory continues to prevent growth.
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NAR: More Americans are ready to buy homes, but will this momentum last?

38% of survey respondents say now is a good time to buy a home
Homeowner optimism continues to trend upward, with new data from the National Association of Realtors indicating 46% of Americans strongly believe now is a good time to sell a home. NAR Chief Economist Lawrence Yun said lower mortgage rates, along with job and wage growth, will lead to an increase in sales in upcoming quarters.
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San Francisco's housing market heats up as tech IPOs move in

35% of Redfin offers made in San Francisco faced a bidding war in May
Although bidding wars are slowing as the housing market continues to cool, new data from Redfin suggests that San Francisco's housing market is heating back up. Redfin Chief Economist Daryl Fairweather said recent tech IPOs have reignited competition in the metro.
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Warren's student debt-forgiveness plan could save homebuyers money and time

Senator wants to eliminate up to $50,000 worth of student loan debt for the average American
A new proposal introduced by Sen. Elizabeth Warren, D-MA, could eliminate up to $50,000 worth of student loan debt for the average American. Under Warren's proposal, the typical aspiring first-time homebuyer burdened with student debt could save for a down payment in just nine years, according to Redfin.
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The annual rate of home price appreciation falls to a 7-year low

March marks the 13th straight month of slowing home price appreciation
In March, the average home rose 1% in value from the same time period in 2018, marking the 13th consecutive month of slowing home price appreciation, according to the latest report from Black Knight. The company's Data and Analytics Division President Ben Graboske said the annual rate of appreciation has now fallen to a seven-year low.
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This is why dropping your list price can earn you a scarlet letter

Expert says dropping your home price also reduces its appeal
Deciding the right price point and time to sell a home can have a significant impact on how well it does on the market. After all, Redfin claims that home sellers who list their homes online receive up to 3.4 times more online views the day they’re listed versus the day a price reduction occurs. Here's why.
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