Remove 2011 Remove Contracts Remove Development Remove Lending
article thumbnail

David Stevens, former FHA Commissioner and MBA President, has died

Housing Wire

Dave and his wife Mary were instrumental in the 2011 creation of the MBA Opens Doors Foundation, which has helped more than 16,000 families with crucially ill or injured children stay in their homes while their child is in treatment.” Stevens oversaw FHA programs for single and multifamily housing for two years.

Finance 452
article thumbnail

What Tools for Measuring Houses for Appraisals

Appraisal Today

No (or Limited) Discrimination Coverage This one is a problem that has only developed recently — within the last two years — as more and more appraisers are facing discrimination complaints and claims. To read click here Short video (2 minutes): Future of Condo Lending. The average contract interest rate for 5/1 ARMs increased to 6.24

Tools 77
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Freddie Advice: How to Avoid Using “Bad” Words

Appraisal Today

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.98

article thumbnail

Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

The rise in personal income continues to fall further behind the rate of home-price increases, which, according to the Northwest Multiple Listing Service, have climbed 50% in just five years for all home types and 156% – well more than doubled – since November 2011 ($292,500). from the same time in 2020 and a low not seen since 2011.

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

While these are promising developments, there will always be the affordability question. Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. That was within the 28% ceiling considered affordable by common lending standards. the highest percentage since Q3 of 2008.

article thumbnail

HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

It is developing several single-family and multifamily communities in King and Snohomish counties. “Family friendliness” remains a prime focus for developers of master-planned communities, but a new survey indicates health & wellness amenities are becoming increasingly important. in the last 12 months. LIFESTYLE CHANGE.