An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Did you miss out on HousingWire Annual? We have you covered! Join us virtually on October 25 for a chance to see hand picked sessions from our in-person HousingWire Annual in Frisco. Register now for FREE!

How brokers can help today’s unique borrower

The average borrower has drastically changed throughout the years. More borrowers are self-employed, work remotely and have multiple streams of income. Learn about the tools to assist any borrower quickly and effectively.

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

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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