HousingWire

• MBA adds four to its Residential Board of Governors December 4, 2020
  The Mortgage Bankers Association announced the new members of its 2021 Residential Board of Governors and the Chairs of the Residential Committee. The post MBA adds four to its Residential Board of Governors appeared first on HousingWire.
• Increase in COVID cases holding back employment numbers December 4, 2020
  Economists are cautiously optimistic as the U.S unemployment rate in November fell just .1% from October, but COVID cases hold back employment numbers. The post Increase in COVID cases holding back employment numbers appeared first on HousingWire.
• iBuyer purchase volume sank 82% YoY in Q3 December 4, 2020
  Zavvie said that collectively, iBuyers have been purchasing homes at an average 95.5% of market value across all markets since March. The post iBuyer purchase volume sank 82% YoY in Q3 appeared first on HousingWire.
• CoreLogic projects low mortgage rates and high prices into 2023 December 4, 2020
  CoreLogic released its three-year housing and mortgage outlook report, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented home sales and record low mortgage rates as the economy continues to recover. The post CoreLogic projects low mortgage rates and high prices into 2023 appeared first on HousingWire.
• Haus economist on pandemic’s impact on housing market in 2021 December 4, 2020
  This is the first installment of our Q&A series featuring the top economic forecasts for 2021. To kick off the series, HousingWire Interviewed Haus Chief Economist and Senior Vice President of Analytics Ralph McLaughlin. HW+ Premium Content The post Haus economist on pandemic’s impact on housing market in 2021 appeared first on HousingWire.
• A home shopper’s guide to navigating a competitive market December 4, 2020
  The housing market is extremely competitive right now. Here is a home shopper's guide to navigating bidding wars and low housing supply. The post A home shopper’s guide to navigating a competitive market appeared first on HousingWire.
• Even with low inventory, expect a strong 2021 housing market December 3, 2020
  Even prior to the pandemic, housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The […]
• Why CAR campaigned for California’s Proposition 19 December 3, 2020
  The California Association of Realtors said the passage of Proposition 19 will bring an estimated $2 billion annually to the state's coffers. The post Why CAR campaigned for California’s Proposition 19 appeared first on HousingWire.
• Average IMB made over $5,500 in profit per loan in Q3 December 3, 2020
  Independent mortgage banks and mortgage subsidiaries of chartered banks saw an average net gain of $5,535 on each loan they originated in the third quarter of 2020, up dramatically from the $4,548 in profit-per loan they recorded just a quarter prior, according to a new report from the MBA. The post Average IMB made over […]
• Mortgage rates fall to new record low at 2.71% December 3, 2020
  Rates broke their own record for the 14th time on Thursday after Freddie Mac reported the average rate for a 30-year fixed loan fell this week to 2.71%. The post Mortgage rates fall to new record low at 2.71% appeared first on HousingWire.