Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . regions experiencing month over month contractions. . regions experiencing month over month contractions.

Inventory 367

Inventory Mortgage Contracts Realtors 367

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? for purchase mortgage origination, and he is taking the stage at HW Annual. Weaver currently serves as an originator at CrossCountry Mortgage. Mindset is everything. Weaver is the No. 1 LO in the U.S.

Real Estate Agent 248

Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

FEBRUARY 21, 2023

Before that, you have to go back to October 2010 to find total sales this low.” January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.” Despite this industry analysts remain optimistic.

Inventory 343

Inventory Buyers Housing Market Contracts 343

Housing Wire

MAY 10, 2022

The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. While the homeownership rate in the U.S.

Housing Market 400

Housing Market Realtors Buyers Inventory 400

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 383

Agents Buyers Sellers Inventory 383

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. It is difficult to obtain a mortgage today.

Realtors 377

Realtors Housing Market Marketing Buyers 377

Housing Wire

APRIL 30, 2021

from 2010, per a recent U.S. “A lot of people list their home as ‘Coming Soon’ on Monday, go live on Friday, consider all their offers Sunday, and the house is under contract by Sunday evening,” Diaz said. Census report. “And in that timeframe they’ll get 12 to 15 offers, at least.”

Housing Market 541

Housing Market Marketing Real Estate Real Estate Agent 541

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Appraisal Today

SEPTEMBER 8, 2023

Most recently, the 2010 build became one of the most expensive homes on the market when it hit the market in early August at the greatly reduced $26 million listing price. Topics include: The Fed, Home Sales, Employment, Mortgage Rates and Commercial Real Estate.In Mortgage applications decreased 2.9 28 Year low.

Appraisal 80

Appraisal Contracts Business Construction 80

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). Active listings typically fall when mortgage interest rates fall and rise when interest rates rise. 1; that’s 2.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. It remained at 1.5

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

DECEMBER 12, 2023

The optimism comes from signals in economic data that show improving conditions and a likely end to rising mortgage rates in the coming months – a story that we are all looking forward to reading. King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. higher YoY.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

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% Total sales dropped 16% (1823) since August and 22% year-on-year (YoY) for the entire county – the fewest sales for a September since 2010 (1488). months of inventory available today across our county, up from 1.5

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” drop (542). is in reach.

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

NOVEMBER 12, 2021

are 64% more expensive now than in 2016 and are reduced in number by more than half today: “I expect the inventory of starter homes to remain extremely tight, especially in desirable smaller markets,” Ali Wolf, chief economist at the building consultancy Zonda, told realtor.com. in 2010, the largest decline of any state.

Law 36

Law Inventory Real Estate Government 36

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. Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), Mortgage rates have risen by about 1.6 Rates have a small chance to top out before hitting 5% and a good chance of topping out before hitting 6%,” said Matthew Graham, chief operating officer at Mortgage News Daily. “It That is not true.”.

Construction 36

Construction Development Inventory Buyers 36

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.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? What’s next? in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. asks Maxim Lissak, a Bellevue, Wash.,

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Inventory remains a big concern. There are 0.4

Buyers 36

Buyers Law Inventory Development 36

Houston Properties

JANUARY 13, 2021

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. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. How Is My Neighborhood Doing?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Listing Spark

DECEMBER 15, 2022

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. Because if you’re gonna take over that mortgage in a wrap situation and that’s at a Chase bank or whatever it may be they more than likely they have a due on sell call. Key takeaways. [00:03:41]

Finance 36

Finance Investing Real Estate Lending 36