Purchase apps are at 2009 levels, so where’s the inventory?

Purchase application data is negative year over year, and this time it's real. So where is all the housing inventory?

May 31, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. Purchase apps are at 2009 level: where's the inventory? Real Estate, Politics & Money Purchase application data is negative year over year, and this time it's real. So where is all the housing inventory? Freddie Mac single-family division chief announces resignation Mortgage, Real Estate, People Movers Donna Corley, Freddie Mac's head of single-family, has stepped down from her post at the government sponsored enterprise. Leading title & settlement agents are going RON Learn about RON, recent legislative and regulatory updates, and the many benefits of digital notarization in this FREE on-demand webinar. This watch-whenever-you-want webinar also includes key insights from a top title and settlement agency that has leveraged RON to grow its business.   Download now. Sponsored by Stavvy Logan Mohtashami on inventory and purchase apps Podcasts Logan Mohtashami joins us to talk about inventory, inflation and purchase apps, as well as existing home sales and recession red flags. Listen Now! Prioritizing home equity solutions in a rising rate environment Presented by ServiceLink The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. HousingWire recently spoke with Barry Coffin about the ways lenders can capitalize on these trends by revving up their home equity solutions. The MISMO e-Eligibility Exchange is Now Available! Learn How "E" Your Digital Mortgage Can Be! Check out the MISMO e-Eligibility Exchange, powered by Snapdocs, to access this new industry resource that provides a central source of information on key e-closing acceptance criteria. Email eee@MISMO.org for details. Sponsored by MISMO Opinion: A unified approach for reducing appraisal bias Appraisals & Valuations, Mortgage, HW+ Exclusive Content With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process. Pending home sales reach slowest pace in a decade Mortgage, Real Estate Pending home sales dropped 3.9% month over month in April, bringing contract signings to their slowest pace in nearly 10 years. All Things Housing | HousingWire Annual 2022 HousingWire Annual is designed to bring the community from across the housing ecosystem together to share strategies, drive business, discover new technologies, discuss best practices and connect. Join us this October 3-5 in Scottsdale, AZ for a can't miss agenda! Register for HW Annual Sponsored by HW+ HW+ Member Spotlight: Jeremy Potter Opinion, HW+ Exclusive Content Stavvy's Jeremy Potter shares why more people need to be thinking about greater investments and incentives for factory-built housing. Housing Rights Initiative sues 120 firms in fair housing suit Brokerage, Fair Housing The Housing Rights Initiative filed a suit alleging agents and landlord are discriminating against renters based on their source of income. Unlock unlimited access with HW+ HW+ delivers career-making insights and analytics for professionals across the housing industry. Coupled with a community of the most engaged leaders in housing, HW+ can help you take your career to the next level and win the current market. Join HW+ Sponsored by HW+ Are new home sales flagging a recession? Politics & Money, Real Estate, HW+ Exclusive Content When new home sales and housing starts begin to fall together, a recession is usually not far away. However this report needs context. New York State issues notice to reverse mortgage lenders seeking co-op business Products, Regulation The N.Y. Department of Financial Services has issued an industry letter to reverse mortgage lenders seeking to originate on co-operative apartments. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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