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HW+ Member Spotlight: Stacy Esser

Housing Wire

Of course, the answer is about why this is not the same market — in any way — to post 2008. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. HousingWire: What is the weirdest job you’ve ever had?

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New home sales fell again in February

Housing Wire

Year-over-year, new home sales were down 6.2% Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. in February. after a 10.4% drop in January.

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Mortgage rates are down, but not enough for most borrowers

Housing Wire

Over the last four weeks, mortgage rates have declined three-quarters of a point, the largest decline since 2008. Still, home values in these areas generally will remain well above pre-pandemic levels, Moody’s analysts said. The extent of recent booms, current construction levels, and changes in migration patterns (e.g.,

Mortgage 367
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Will Home Values Hold?

Eppraisal

Those preparing to reap that return have reason to be glad these days -- home values averaged $676,000 nationwide in June of 2021. Certain realities should be considered when setting expectations for the long-term values of residences. This development results in a lowering of overall demand and forcing home values down.

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Foreclosures are rising, but it’s not yet alarming

Housing Wire

But more broadly, since the Great Recession in 2008, there has been a greater implementation of standardized loss-mitigation measures designed to prevent a foreclosure crisis. With home values across the U.S. As a result, CoreLogic’s Loan Performance Index pegs the overall U.S. foreclosure rate at 0.3%

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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

Less demand for homes will cause home values to drop in many neighborhoods. Falling home prices will not only make it more difficult for retirees but will impact existing homeowners that may want to purchase something larger or in a more desirable neighborhood. Lower homeownership rates mean there will be fewer buyers.

Legal 336
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

Insurance 352