Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Lamacchia Realty

NOVEMBER 29, 2023

Loan limit increases are correlated to rising prices- the national average home sale price rose by 5.56% which helped determine the 5.5% The rise in prices in 2023 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand. increase in limits for 2024.

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Eppraisal

AUGUST 9, 2022

This was a similar story back in 2008. Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Sound familiar?

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Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history.

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Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." There wasn't a lack of inventory either.

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Eppraisal

OCTOBER 5, 2022

Premium Prices The housing market continues to display high, premium home prices. Home values are not going down anytime soon however inventory of homes available for sale is increasing. Even so, there are still many home buyers out there. Rising Rates It is no secret that mortgage interest rates are rising.

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Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. Congratulations, frustrated home buyers ! Home sellers, the market has changed.

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Birmingham Appraisal

JANUARY 11, 2023

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. The higher rates resulted in larger mortgage payments which took many buyers out of the market. The volume reminds me of what we saw in 2007-2008 during the recession.

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Eppraisal

APRIL 27, 2021

Qualify to Purchase a Home If you are thinking of purchasing a home, you must first be able to qualify for a mortgage. To qualify for a mortgage, you need steady employment and income. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home. You need good credit.

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Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. National mortgage originations closed the year at less than $1.5

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Eppraisal

AUGUST 16, 2022

Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders. Mortgage rates are doing likewise. Because of these occurrences, lenders may be down.but not out.

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Cleveland Appraisal Blog

APRIL 29, 2021

Buying a property is not just about creating a home, it is making a long-term investment. Generally speaking, real estate is one of the most secure investments you can make, and bar any situations like the crash in 2008, you are pretty much guaranteed a constant increase in value and desirability. So, stayed tuned.

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Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. The best way to price a home for sale is to use the most current sales and this includes some pending sales. Because of the lack of inventory sales volume has been down.

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Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. And housing prices are still up! “In

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Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = There were a lot of foreclosure appraisals starting in 2008. I understand completely.

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Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. If there’s a surge of foreclosures, will home values start to decline?

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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. ==. It looks like the change is starting because of increasing mortgage interest rates. Computer modeling did not predict the 2008 crash.

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Houston Properties

JANUARY 12, 2022

SUMMARY: Our greatest concern is that last year’s euphoria (home sales are up 13% and total dollar volume is up 28%) led to some really risky deals that violated the 9 Kisses of Death – the 20-year research study of what NOT to buy in Houston. Disadvantaged homes sell more slowly or at larger discounts.

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Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. The data below covers the “average Houston home.” Get a free home valuation for your house and trends in your neighborhood. In addition, mortgage rates are at an all-time low.

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Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. Marketing Strategies.

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Will Springer Realtor

DECEMBER 8, 2021

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. short of providing homes for purchase to those who want one. >>

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