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Why Are So Few Homes for Sale?

There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]

More Americans Say Now is a Good Time to Sell!

Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed […]

Home Sales Expected to Increase Nicely in 2018

Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each entity is projecting sizable increases in home sales next year. If you […]

5 Reasons to Sell This Fall

Here are five reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right […]

Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC]

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living […]

Report: Homeownership Is a Precondition of the American Dream

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love” higher than any other options (including […]

Happily Ever Homeowner

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. Many couples are […]

Looking for Your Dream Home? Know What You Want vs. What You Need

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]

4 Reasons to Buy a Home This Fall!

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The […]

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]

Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there has not been a 6-months inventory supply since August […]

America Needs Your House!!

The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of […]

Homeowners: Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,  “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news […]

How Your Home’s Value Grows Your Family’s Wealth

Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. […]

14,904 Homes Sold Yesterday… Did Yours?

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. After all, 14,904 houses sold yesterday, 14,904 will sell today, and […]

Top 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]

Some Highlights: Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions & can simply […]

Empty Nesters: Best to Remodel or Time to Sell?

Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent […]

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put […]

Where Are the Home Prices Heading in The Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They […]

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because […]

Home Prices Up 6.64% Across the Country! [INFOGRAPHIC]

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska & West Virginia were the only states […]

Study: FSBOs Don’t Save Real Estate Commission

One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in […]

Want to Keep Up with the Joneses? Now’s the Time

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make […]

More Boomerang Buyers Are about to Enter the Market

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that […]

Why Is It Important to Use a Professional to Sell Your Home?

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]

To Stage…or Not to Stage? That Is the Question! [INFOGRAPHIC]

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top […]

58% of Homeowners See a Drop in Home Values Coming

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]

Sellers: Your Home is an Oasis in an Inventory Desert

First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR), […]

Homes Are Selling Quickly Nationwide

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were […]

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase […]

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MBS Day Ahead: Adventures With Data, Charts, Correlations, and Trading Ranges

Posted To: MBS Commentary Admittedly, this is less of a "day ahead" at this point and more of a "day in progress." Nonetheless, we can discuss the lay of the land as we gear up for more volatility in financial markets. Why would we expect volatility? The reasons are many. Election. The US presidential election […]

Forbearances Up Slightly After Last Week's Plunge

Posted To: MND NewsWire Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the crisis began. This week the number of […]

Retail sales rise 1.9% in September, vs 0.7% expected

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the September numbers on retail sales. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Retail sales rise 1.9% in September, vs 0.7% expected Retail sales rise 1.9% in […]

Why jobless claims may not be an accurate representation of unemployment

(Please visit the site to view this media) CNBC's Steve Liesman breaks down the increasing concerns that jobless claims numbers could possibly reflect errors or fraud that would make the jobs situation more or less troubling than they may appear. …(read more) Forward this article via email:  Send a copy of this story to someone you […]

Prospects for a stimulus deal remain dim—Here's the latest

(Please visit the site to view this media) President Trump and Treasury Secretary Steven Mnuchin are giving some ground to the Democrats for a stimulus deal, but prospects for an agreement remain dim. CNBC's Eamon Javers reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

Pandemic Throwing Millions into Rent, Mortgage, and Student Loan Peril

Posted To: MND NewsWire The pandemic is endangering the credit histories of at least 30 million Americans and possibly threatening the shelter status of many of them. The Mortgage Bankers Associations’ (MBA’s) Research Institute for Housing America (RIHA) said on Friday that over 6 million households missed making rent or mortgage payments in September and […]

MLO, Ops Jobs; MSR Valuation, Training, Non-QM, Retention, Tax Tools; New Jumbo Wholesaler; 2006 vs. 2019: Nothing is Forever

Posted To: Pipeline Press What’s more important, spending money on the latest iPhone, or taking care of your body? Every Thursday we receive Initial Jobless Claims statistics, and usually on the first Friday of the month we receive a set of employment data. But who makes up these numbers? Per the most recent U.S. Census […]

Strong Housing Market; Rates Are Not Actually at All-Time Lows

Although the housing market continues to show strength, Freddie Mac economists say there are increasingly troubling signs in the larger economy. The third quarter forecast from the company’s Economic and Housing Research Group notes an apparent stall in economic activity in early July. Even as many businesses reopened, unemployment claims continued at elevated levels, (and […]

No, Mortgage Rates Are NOT Actually At All-Time Lows

Posted To: Mortgage Rate Watch Many of today’s mortgage-related headlines are touting “new all-time lows,” but there are significant caveats. The biggest caveat would likely be the fact that the average 30yr fixed rate is actually nowhere near its previous all-time lows! So why are there so many headlines saying otherwise? Issue 1: Freddie Mac’s […]

BlackRock's Jeff Rosenberg on market excitement over a stimulus deal and European equities

(Please visit the site to view this media) Jeff Rosenberg, BlackRock Systematic Multi-Strategy Fund portfolio manager, joins 'Closing Bell' to discuss market sentiment regarding the prospects of a stimulus package and the performance between European and U.S. equities. …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

MBS RECAP: Bonds Come Up Short After Another Attempt to Re-Enter Previous Range

Posted To: MBS Commentary Bonds Come Up Short After Another Attempt to Re-Enter Previous Range For a second straight day, 10yr yields had a solid opportunity to move back into the previous sub-0.72 range only to lose ground as the day progressed. Compared to yesterday, today's game looked like a much easier win. A covid […]

Why this trader is bullish on the 10-year futures trade

(Please visit the site to view this media) The 10-year yield is under pressure. Jeff Kilburg, KKM Financials, joins 'Fast Money Halftime Report' to discuss why he's bullish on future prices and bearish on yields. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

Troubling Unemployment Numbers Eclipsed by a Strong Housing Market

Posted To: MND NewsWire Although the housing market continues to show strength, Freddie Mac economists say there are increasingly troubling signs in the larger economy. The third quarter forecast from the company’s Economic and Housing Research Group notes an apparent stall in economic activity in early July. Even as many businesses reopened, unemployment claims continued […]

MLO, Ops Jobs; Shell Wanted; Broker, Retention, Doc Products; Investors React to USDA, FHA, VA Changes

Posted To: Pipeline Press When I grow up, I want to live in… Estonia? If you need a break, and are thinking about leaving the U.S., take a gander at some highly-ranked work from home places to live besides the United States. Election Night? Forget it. It could be “Election Month” or “Election Months” if […]

Philly Fed manufacturing index for October at highest since February

(Please visit the site to view this media) CNBC's Rick Santelli reports on the October read on the Philadelphia Fed manufacturing as well as September import prices. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Philly Fed manufacturing index for October […]

MBS Day Ahead: New Narrative? Another Case of Europe's Influence Over US Rates

Posted To: MBS Commentary From 2011 through the middle of 2016, the European economy, monetary system, and policy landscape had an extreme amount of influence over volatility and outright levels in the U.S. rates market. 2011-2012 = peak EU financial crisis, Greek debt drama, peripheral credit spread concerns (remember the PIIGS?), Grexit debate 2014 = […]

Weekly jobless claims come in at 898,000, vs 830,000 expected

(Please visit the site to view this media) American workers continued to hit the unemployment line in large numbers last week, with 898,000 new claims filed for jobless benefits. That's the highest level since mid-August. CNBC's Rick Santelli reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]

Mortgage Rates Hit Record Lows but Applications Fell Flat; Maybe Rates Aren't Exactly at Record Lows?

The volume of mortgage applications dipped slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.7 percent on a seasonally adjusted basis during the week ended October 9 and was 1 percent lower on an unadjusted basis. The Refinance Index slipped 0.3 percent from […]

Sideways Streak Continues For Rates

Posted To: Mortgage Rate Watch If you’re shopping for a purchase mortgage and if you’d previously received quotes from one of the slower moving lenders back in late July or early August, you may be looking at mortgage rates that are very close to all-time lows . If you’re in the market for a refinance, […]

MBS RECAP: Timid Treasuries Plus MBS Outperformance Suggest Caution

Posted To: MBS Commentary Bonds Start Strong But MBS Struggle to Keep Up Last week was clearly a defensive shift for the bond market. Yields asymptotically approached 0.79% but managed to find support at that technical ceiling. As the new week gets underway, it looks like Traders may have just been waiting to buy at […]

Pelosi, Mnuchin continue discussions on stimulus proposals

(Please visit the site to view this media) CNBC's Ylan Mui reports on the latest talks between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Pelosi, Mnuchin continue discussions on stimulus proposals […]

MBS Day Ahead: Wholesale Inflation Still a Supporting Actor For Bonds

Posted To: MBS Commentary Inflation is one of the basic building blocks of bond yields. A bond is a loan… an agreement for you to give me a lump sum of cash today and for me to pay you back with periodic installments over time. If inflation means dollars have less buying power in the […]

Controller, Ops, MLO Jobs; CFO for Hire; Appraisal, Broker Tools; Treasury Auction Primer

Posted To: Pipeline Press I really wanted to mix things up today so decided to send this commentary out from the other side of the dining room table this morning. Yippee! Speaking of mixing things up, usually I maintain a train of thought through my opening paragraph, putting similar topics together. Not today, so fasten […]

Mortgage Rates Hit Record Lows but Applications Fell Flat

Posted To: MND NewsWire The volume of mortgage applications dipped slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.7 percent on a seasonally adjusted basis during the week ended October 9 and was 1 percent lower on an unadjusted basis. The Refinance Index […]

U.S. producer prices rose more than expected in September

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the September read on the Producer Price Index. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. U.S. producer prices rose more than expected in September U.S. producer prices […]

Late-Stage Delinquencies Now Twice Great Recession Peak; How Pandemic is Changing The Industry

Mortgage delinquencies continued to rise in July according to CoreLogic’s new loan performance report. The company found that 6.6 percent of all mortgages were at least 30 days past due (including those in foreclosure.) This represents a 2.8-percentage point increase in the overall delinquency rate compared to July 2019, when it was 3.8 percent. It […]

This is not a big deal: Jefferies managing director on Eli Lilly pausing Covid-19 trials

(Please visit the site to view this media) Eli Lilly's phase three trial of its monoclonal antibody treatment for coronavirus has been paused due to potential safety concerns. This comes shortly after Johnson and Johnson and AstraZeneca also paused its Covid-19 clinical trials. Michael Yee, Jefferies managing director, joins 'Closing Bell' to say it's common […]

MBS RECAP: Bonds Start Strong But MBS Struggle to Keep Up

Posted To: MBS Commentary Bonds Start Strong After Playing Defense Last Week Last week was clearly a defensive shift for the bond market. Yields asymptotically approached 0.79% but managed to find support at that technical ceiling. As the new week gets underway, it looks like Traders may have just been waiting to buy at that […]

Senate will take up Covid-19 small business relief when it returns, says Mitch McConnell

(Please visit the site to view this media) Senate Majority leader Mitch McConnell gives comments on the coronavirus stimulus talks and the Supreme Court nomination. CNBC's Ylan Mui reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Senate will take up […]

Late-Stage Delinquencies Now Twice Great Recession Peak

Posted To: MND NewsWire Mortgage delinquencies continued to rise in July according to CoreLogic’s new loan performance report. The company found that 6.6 percent of all mortgages were at least 30 days past due (including those in foreclosure.) This represents a 2.8-percentage point increase in the overall delinquency rate compared to July 2019, when it […]