Housing Wire

SEPTEMBER 14, 2022

Demand for mortgage loans declined last week as mortgage rates reached their highest level since 2008, crossing the 6% threshold. . The market composite index , a measure of mortgage loan application volume by the Mortgage Bankers Association , fell 1.2% for the week ending Sep. 9, compared to the previous week.

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Mortgage Retail Contracts Housing Market 350

Housing Wire

DECEMBER 13, 2022

However, markets in California may be the exception, with San Francisco, for example, likely to register price drops of 10–15%.”. 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.

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Realtors Mortgage Housing Market Real Estate 399

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

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Marketing Mortgage Investors Legal 340

Housing Wire

OCTOBER 10, 2022

Toll led the company through many housing cycles, including the 2008 financial crisis, partially due to a focus on luxury homes. “You stop development, stop buying product, stop buying ground and just bring in money from houses you put out there and already contracted. . “By far the worst.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. My slowest years were the years leading up to 2008.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

OCTOBER 5, 2020

economy into a recession and killed more than 208,000 Americans, the plan from the frontrunner in the presidential election is well-aimed to assist the only weak link in an otherwise booming the housing market: First-time buyers trying to scrape together a down payment. Now that the pandemic has plunged the U.S. Presented by: TMS.

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Housing Market Contracts Buyers Marketing 413

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

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Compare this level to 2008-2012 when this data line ran between 250,000 and 400,000 per week: clearly we aren’t seeing any considerable national-scale stress in this data line.

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New Listings Inventory Mortgage Contracts 427

Housing Wire

AUGUST 3, 2022

While taking with Clayton Collins, CEO of HW Media, he used the term “elasticity” when describing the housing market and mortgage employment. Some closed in 2008 crash. Some just got too big, so when markets changed, they didn’t have a way to support the staff. In 20 years, I have been laid off about 18 times.

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Mortgage Contracts Human Resources Training 341

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers.

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Mortgage Construction Contracts Housing Market 445

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. As the following data reflects, we’re not seeing a downturn in the market in terms of prices or demand. They seem to have a good pulse on the market in this area.

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Inventory Real Estate Agent Appraisal Real Estate 333

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. About 1,820 homes were sold in the city in January alone, a 7.2%

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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. Then, it deploys marketing campaigns on your behalf.

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Advertising Real Estate Tools Sellers 348

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. What does it mean for the housing market ? Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

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Mortgage Property Taxes Investors Buyers 362

Housing Wire

SEPTEMBER 21, 2022

According to the Mortgage Bankers Association (MBA), the market composite index , a measure of mortgage loan application volume, increased 3.8% MBA’s estimate, however, indicated the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 6.25%, from the previous week’s 6.01%. It was also down 64.3%

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Mortgage Retail Contracts Housing Market 352

Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. If you were looking at the market in the fall of 2022, you would have expected home prices to continue to fall further in 2023. In 2022 there were 418,000.

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Inventory Contracts Buyers Mortgage 337

Housing Wire

FEBRUARY 24, 2024

Mortgage rates were lower in late 2022 and early 2023 with a higher inflation growth rate and the Fed still hiking because the bond market anticipated a Fed pivot or a recession, neither of which happened. As mortgage rates rise, there is weakness in demand and homes don’t go into contract immediately.

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Mortgage Inventory New Listings Housing Market 440

Housing Wire

FEBRUARY 21, 2023

And, the labor market is likely too tight to significantly slow inflation in the core services less shelter category — which is the Federal Reserve’s main focus — according to the ESR group. In addition, existing homeowners have mortgages with rates that are well below current market rates, which acts as a strong disincentive to move.

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Inventory Mortgage Housing Market Contracts 366

Housing Wire

SEPTEMBER 29, 2022

The market composite index, a measure of mortgage loan application volume, declined 3.7% Following the Fed’s decision to raise the federal funds rate by another 75 bps, to 3%-3.25%, bringing it back to a level last seen in March 2008, mortgage rates past the 7%-level as of September 27, according to Mortgage News Daily.

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Mortgage Retail Contracts Business 271

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 437

Housing Wire

MARCH 15, 2023

A potential pause on the Federal Reserve’s federal funds rate hikes may bring borrowers on the sidelines back to the market, as mortgage rates could fall even further. “But I’m not sure the consumer will hold off on purchasing a house simply because of the turbulence they may see in Silicon Valley and Signature.”

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Mortgage Clients Retail Marketing 347

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. Demand right now is not an issue for both the existing and new home sales market. New Home Supply.

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Inventory Construction Government Housing Market 542

Housing Wire

SEPTEMBER 3, 2022

So what does this mean for the labor market and the larger economy? . The job market is still pushing along fine as the need for labor continues in America. Let’s take a look at the American labor market. Overall, the labor market is running well. We aren’t there yet, but now is the time to be mindful of it.

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Contracts Construction Marketing Design 464

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’.”. How slow is the market?

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Housing Market Marketing Inventory Real Estate 36

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? What should they expect in this housing market? 00:02:50] Peaking into the Fall 2022 Austin housing market.

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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. Need To Sell?

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Housing Market Marketing Real Estate Realtors 68

Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 20, 2022

regions experiencing month over month contractions. “The current lack of supply underscores the vast contrast with the previous major market downturn from 2008 to 2010, when inventory levels were four times higher than they are today.” from August to September, with three out of four major U.S. million from 6.18

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Inventory Mortgage Contracts Realtors 363

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t.

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Retail Real Estate Clients Modernization 329

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 86

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. market during the pandemic – and there is great anticipation for strong demand.

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Housing Market Marketing Inventory New Listings 36

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. Now all the above factors are finding a place to land, and everyone is asking: When will the market change? week supply of homes on the market.

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Marketing Sellers Buyers Inventory 66

Appraisal Today

SEPTEMBER 23, 2022

At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. Will we see smaller homes more often as first-time buyers flood the market? Markets are changing in many areas, but are complicated by price range, size, etc.

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Appraisal Marketing Business Contracts 52

Cleveland Appraisal Blog

MARCH 18, 2021

This area has suffered economically for many years, though market conditions are improving. By the way, I did apply market adjustments in my report to reflect this. 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. WHAT SHOULD AN APPRAISER DO?

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Appraisal Investors Buyers Market Value 195

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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Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M This headline from May 1980 could be written about today’s market.

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Contracts Appraisal Mortgage Inspection 85

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. Fannie and Freddie have long said that they want appraisers to tell them about their markets. Real estate market? ==.

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