The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

How demographics shaped the housing market in 2021

The U.S. housing market entered a period of the best housing demographics ever recorded in history the same year that COVID grabbed hold of us.

@properties CEOs talk company growth and franchising

In this episode of HousingWire Daily, Mike Golden and Thad Wong from @properties discuss the future for the company including its nationwide franchising plans as it expands.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Politics & MoneyReal Estate

What will fix the housing market inventory shortage?

A seasonal bump isn't the answer — we need more

HW+ mortgage rates desk

The aftermath of the COVID-19 crisis, plus solid housing demographics, has created a genuine problem with housing inventory. Record low inventory has resulted in a hectic housing market with forced bidding becoming typical rather than the exception.

One of my biggest concerns for the U.S. housing market from 2020 to 2024 is that price growth could push higher than we had seen in the previous decade. In February of 2020, housing demand started to pick up. This was a real breakout in demand due to improved demographics for home buying, but because we received this data in March when we were in the throes of the COVID-19 crisis, no one seemed to notice.

The social and fear-driven shutdowns caused a freeze in purchasing activity. Still, after a few weeks, housing market demand trumped COVID-19 fears, and housing had an epic V-shaped recovery in purchase applications. The rest is history.

However, this hot housing market is not accompanied by a credit boom because the actual number of sales is up only slightly. The raw shortage of homes on the market is why buyers face multiple-bid situations for any home.

This downtrend in inventory started in 2014, and not even 5% mortgage rates budged the data too much higher.

This content is exclusively for HW+ members.

Start an HW+ Membership now for less than $1 a day.

Your HW+ Membership includes:

  • Unlimited access to HW+ articles and analysis
  • Exclusive access to the HW+ Slack community and virtual events
  • HousingWire Magazine delivered to your home or office
  • Become a member today

    Already a member? log in

    Most Popular Articles

    Treasury removes restrictions on investment properties

    The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.

    Sep 14, 2021 By
    3d rendering of a row of luxury townhouses along a street

    Log In

    Forgot Password?

    Don't have an account? Please