Appraisal Today

JULY 21, 2023

Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. The national foreclosure activity total in Q2 2023 was 65 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007.

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Appraisal Today

DECEMBER 22, 2023

Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. America’s Best Ski Towns for Homebuyers and Sellers Photo Above from Ludsen Mountains, on the North Shore of Lake Superior, a picturesque and historic ski destination. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.41

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Will Springer Realtor

OCTOBER 10, 2023

At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007. on the year.

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Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? We’ll dive into how the current real estate market is affecting buyers, sellers, and investors with Ellen Steele, a Realtor with ListingSpark that has had over $10M in sales in the last 12 months.

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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.

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Housing Wire

MAY 23, 2023

Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. They can do this by cutting prices and buying down rates, as I believe they are efficient sellers.

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Appraisal Today

AUGUST 5, 2022

Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. The market is shifting from a sellers’ paradise to one where buyers can now start making a few demands of their own. The average contract interest rate for 5/1 ARMs decreased to 4.55

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Housing Wire

FEBRUARY 16, 2023

However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now.

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Housing Wire

MAY 31, 2022

Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm. increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. during the same time.

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Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. The construction industry is on pace to complete more than 1.51M units this year, which would be the highest total since 2007. Builders are now officially bullish.

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Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

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Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A This is anecdotal data, but it supports the Houston real estate market trends we see above: In the aftermath of the 2007/2008 financial crisis, we saw a flight to quality in nearly every asset class. Get PDF Now.

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Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. 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. Properties are still going under contract. 2020 ended favoring sellers. Do You Want To Buy A Home Now? Need To Sell?

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Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

MAY 9, 2022

This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows). What may be truly impressive are the sellers, now empty-nesters after raising eight children in this home!) bath , 6920 sq.

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Will Springer Realtor

SEPTEMBER 8, 2021

That’s the most since 2007. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Just more than 4,000 homes went under contract last month across all home types in King, a 4.3% The sellers are seeking $3.86M, $1222/sq. SMILE FOR THE CAMERA.

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Will Springer Realtor

JUNE 9, 2021

There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 The sellers are asking $5.288M ($1160/sq. million for sale today. lodge home.

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Will Springer Realtor

MAY 12, 2021

The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. This caused a good deal of uncertainty for all of us, including those new condo owners, many of whom attempted to back out of their contracts, put just-purchased homes on the market or listed them for rent.

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Housing Wire

JANUARY 22, 2021

When smaller lenders and nonbank lenders look back to that time, assuming they were active sellers to the GSEs at the time, they all know where the root of the unleveled playing field came from. of the total market and the GSEs saw their share of market contracting as well. Then came Wall Street. With investors believing the U.S.

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