Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

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Contracts Modernization Housing Market Mortgage 414

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple reason for this: it’s not 2008. While the two charts above are falling noticeably, housing completion data is slowly moving up.

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Construction Housing Market Inventory Mortgage 470

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. When you look at just the new sales each week, you can see how the pace of the market has recovered. In 2022 there were 418,000.

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Inventory Contracts Buyers Mortgage 341

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

FEBRUARY 21, 2023

While some level of optimism appears to have crept into the housing sector, it represents an increase from very low levels of activity — and is at risk of declining again if rates reverse, Duncan said. million units for the year – a level similar to the annual pace that occurred in 2008-2011 period. for the next year. trillion in 2022.

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Inventory Mortgage Housing Market Contracts 369

Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low.

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Inventory Real Estate Agent Appraisal Real Estate 333

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

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Inventory Construction Government Housing Market 543

Housing Wire

DECEMBER 13, 2022

When looking at what market will be “the next Austin ,” Yun identified the Atlanta-Sand Springs-Marietta, Georgia as the top market expected to outperform other metro areas in 2023. Fraud risk continues to rise even as the market contracts . Back in 2008 there were 8 million job losses in a single year,” Yun said.

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Realtors Mortgage Housing Market Real Estate 400

Housing Wire

OCTOBER 20, 2022

regions experiencing month over month contractions. Housing inventory also decreased last month, but just slightly, dropping from 1.25 Per the NAR, this drop in inventory was likely due, at least in part, to the seasonal inventory decline that typically occurs during December and January. million from 6.18

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Inventory Mortgage Contracts Realtors 367

Housing Wire

MARCH 17, 2022

Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years. Housing starts data, like new home sales data, can be wild month to month, so the trend is always more important than any one report and the revisions are critical. Housing completions. From Census: Privately?owned

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Construction Housing Market Inventory Buyers 440

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

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Mortgage Property Taxes Investors Buyers 364

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008.

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Sellers Housing Market Marketing Inventory 69

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. SmartZip’s analytics are based on over 250 data points related to the properties and homeowners in your target market.

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Advertising Real Estate Tools Sellers 353

Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’.”. Across King, there were 1.7

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Housing Market Marketing Inventory Real Estate 36

Housing Wire

DECEMBER 20, 2022

If you look back, the macroeconomic stuff is tied back to the fact that when COVID initially hit it slowed things down even further and this is after we were already trying to catch up from the significant downturn in 2008, so there is so much more demand than there is supply today.

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Supply Chain Construction Inventory Finance 355

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. And housing prices are still up! “In

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Housing Market Real Estate Marketing Buyers 36

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Get a free home valuation for your house and trends in your neighborhood.

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Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Then the housing bubble burst. Is this the beginning of a housing bubble, 2021-style? “I million for sale today.

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Housing Market Marketing Inventory New Listings 36

Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. With a shortage of inventory, it was not hard to imagine why this might be the case. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

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Appraisal Investors Buyers Market Value 195

Will Springer Realtor

MAY 9, 2023

The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment. Falling new inventory is constraining transaction volumes while also supporting higher home prices. housing market appears to have hit its nadir.

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New Listings Inventory Buyers Sellers 59

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

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Marketing Sellers Buyers Inventory 66

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. TRACK AND GRAPH THE NUMBER OF LISTINGS VS. PENDINGS AND EXPIREDS, DAYS ON THE MARKET, PRICE CHANGES, ETC. .

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Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Scary, indeed, but are these signs of a pending housing recession? “I Condo inventory stayed at 1.8

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Finance Inventory Construction Buyers 68

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements. Let’s take a look at it from basically both sides.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

MAY 10, 2024

To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. There is no integrity in that.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

AUGUST 5, 2022

The housing market is cooling-off. Is it headed for a crash like in 2008? As housing demand wanes due to rising mortgage rates and high home prices, the housing market has likely started to balance out. The 2008 crash was caused by fraudulent mortgage loans to unqualified buyers. Find out why not.

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Appraisal Valuation Contracts Modernization 59

Lamacchia Realty

JULY 22, 2022

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall.

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Sellers Buyers Inventory Contracts 73

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. It was also a clear rebuke of the theory that the Covid pandemic would cause a similar crash to 2008.

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Inventory Sellers Buyers Real Estate 51

Appraisal Today

MAY 19, 2023

. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008? There were a lot of foreclosure appraisals starting in 2008. Also, in 2008 there were some direct lender opportunities as AMCs had not taken over completely. There are very few direct lender appraisals now.

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Appraisal Business Contracts Real Estate 52

Listing Spark

FEBRUARY 7, 2024

Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow. to 83,854 Total dollar volume dropped 12.6%

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. We are not alone in witnessing a welcome rise in available homes on the market. This is nothing new.

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Housing Market Buyers Inventory Real Estate 36

Appraisal Today

AUGUST 4, 2023

The forthcoming Federal Open Market Committee (FOMC) meeting, prospective interest rate hikes, robust employment figures, and slowing inflation all hint towards economic stability. However, high mortgage rates and limited affordable inventory keep exerting pressure on potential homebuyers. percent from 6.87 percent from 6.90

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Appraisal Business Contracts Real Estate 71

Listing Spark

NOVEMBER 17, 2022

What are the numbers saying about the short-term future of the housing market. How to look at the real estate market heading into 2023. What advantages and leverage do buyers have in the current housing market. Why the 2008 housing crisis is different than what’s going on in the market today.

Real Estate 36

Real Estate Mortgage Buyers Sellers 36

Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” in Seattle.

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Marketing Buyers Inventory Sellers 36

Appraisal Today

JULY 29, 2022

We’ve seen a massive change in housing inventory. Let’s talk about supply and some things on my mind about today’s market. Four things about Today’s Housing Market. Four things about Today’s Housing Market. This is actually about fewer buyers getting into contract. By Ryan Lundquist .

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Real Estate Agent Real Estate Appraisal Agents 52

Patch of Land

OCTOBER 16, 2018

The question is: how should this affect your expectations as a house flipping investor? Does a Slowdown in Housing Mean Less Profits as a House Flipper? This means that demand will remain high and even a downturn in housing would not result in an all-out crash like the one in 2008, but simply “less upward pressure on prices.”.

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Investing Inventory Housing Market Contracts 45

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Here is why: We are heading into 2022 with lower inventory than a year ago at the end of 2020.

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Sellers Inventory Buyers Realtors 74