Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 373

Mortgage Loan Officers Inventory Retail 373

Housing Wire

JUNE 27, 2023

In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. NAR total active listings data going back to 1982 : This explains why the builders and new homes are doing better than the existing home sales market, which deals with higher mortgage rates and low active listings.

Construction 476

Construction Inventory Marketing Buyers 476

Housing Wire

DECEMBER 29, 2020

Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. How the mortgage industry is working together to make housing more affordable. respectively. Census Bureau.

Buyers 542

Buyers Construction Realtors Inventory 542

Housing Wire

JUNE 16, 2021

The total number of homes under construction increased 1.2% — the 12th consecutive monthly increase and its highest level since 2007. Permits for new construction by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. Single-family housing starts in May were at a rate of 1.1 from April.

Real Estate Agent 464

Real Estate Agent Construction Real Estate Inventory 464

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls.

Housing Market 544

Housing Market Marketing Inventory Sellers 544

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? The housing market shifted in March of this year.

Inventory 488

Inventory Housing Market Construction Marketing 488

Housing Wire

JUNE 2, 2022

And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. How can high prices be sustained when a buyer’s buying power is stretched so thin? In reality, mortgage rates have little correlation to home prices.

Housing Market 433

Housing Market Supply Chain Construction Clients 433

Housing Wire

JUNE 21, 2022

Data from John Burns Real Estate Consulting shows that student loan debt has increased 100% since 2007, keeping many renters in place. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. Here’s one data point for you.

Investors 384

Investors Renovations Inspection Government 384

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Those surveyed said they wanted to listen in on what buyers do and don’t like about the homes.

Construction 36

Construction Inventory Buyers Real Estate 36

Empire Appraisal Group

JULY 6, 2022

Wary buyers and rising interest rates may affect some U.S. s rising demand and lack of construction will probably offset a potential cooldown. The average interest rate on a 30-year fixed mortgage was 5.48% Thursday, an increase of 7 basis points over the past week, according to Bankrate.com. markets, but Fla.’s

Marketing 78

Marketing Landlords Real Estate Tenants 78

Appraisal Today

JULY 21, 2023

This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool. Listed for $42.5

Appraisal 89

Appraisal Real Estate Contracts Business 89

Will Springer Realtor

JULY 11, 2023

Home prices continued to confound buyers by climbing toward record highs as summer began. When we see King County home sales rise 12% month to month, as noted for May to June, it draws a simplified conclusion that buyers are still purchasing homes despite the potential for challenges.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

JANUARY 11, 2023

The construction crane was recently removed from the 8 th Avenue and Columbia Street location and interiors are being filled out with high-quality finishes. As always, bring a buyer broker to represent you during each step of the way! This has caused challenges for buyers seeking financing to purchase a home in the community.

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

Sellers 36

Sellers Marketing Supply Chain Construction 36

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. Will Jazz Icon Dave Brubeck’s Former Midcentury Treehouse in NorCal Sway a Buyer for $3M? Excerpts: 4 bedrooms, 4 baths, 2,652 square feet, 0.29

Appraisal 69

Appraisal Modernization Training Business 69

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” million sq. The potent combo of rising U.S.

Architecture 36

Architecture Design Buyers Construction 36

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Varies widely around the country. == Mortgage applications decreased 4.6 billion tax fraud scheme.

Easement 52

Easement Contracts Appraisal Inspection 52

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Appraisal Today

OCTOBER 21, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on retirement, liability, ADUs, appraiser cartoon, real estate market, Appraisal business, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Then the housing bubble burst.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A The root causes of buyers overpaying are similar: Using an inexperienced agent (one with less than 6 transactions in total). Get PDF Now. Table of Contents. How Is My Neighborhood Doing?

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. Now, home builders would need to construct as many as 1.2

Real Estate 36

Real Estate Inventory Buyers Construction 36

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. in 2007-2008, few appraisers used them. I used Hypothetical Assumptions for new construction, of course. =.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Will Springer Realtor

MAY 9, 2023

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. years, according to recent data, when it was only about five years just before the housing market crash of 2007. They include Nexus , The Emerald , KODA and Spire.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36