True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.

Politics & Money

What’s next for the overheated housing market?

Home prices are at an unhealthy level

HW+ house roof

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million. Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.

So take this year-over-year demand data with a grain of salt. Next month will have a much bigger year-over-year growth sales print. Likewise, later in the year, we can expect to see some significant negative year-over-year prints, because 2021 is being compared to months of make-up demand.

From NAR:

My biggest fear for the U.S. housing market has been that home prices could escalate to an unhealthy level in the years 2020-2024. You may recall that I repeatedly warned that this could happen and this is now happening. We now have what I would consider to be the unhealthiest housing market in the last 10 years. According to the current NAR data, the median sales price jumped 17.2% year over year. Holy Hot Home Price Growth Batman!

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