article thumbnail

Rise above the panic, for the housing market’s sake

Housing Wire

Research from Glossy and Modern Retail coined the “Great Mall Overhaul ” and made the call for a pivot, the evolution from transactional to experiential. Now, many would have you believe that leases are in trouble, space is going to sit empty and that shopping malls are a thing of the past, but the model simply needs to change.

Retail 397
article thumbnail

Lower mortgage rates are stabilizing the housing market

Housing Wire

Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. This time the hit on demand is much more challenging as we are working from a savagely unhealthy rise in home prices since 2000, and mortgage rates have skyrocketed in the most prominent fashion in modern history. NAR: Total Inventory levels 1.22

Insiders

Sign Up for our Newsletter

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

article thumbnail

Nonbank lender job cuts could shorten the market downturn

Housing Wire

According to Cameron, the recent downturn has delivered the biggest and fastest rate increase in modern history — and the sharpest volume and revenue decrease the mortgage business has ever seen. Founded in 2001 as a retail originator, Interfirst Mortgage expanded into wholesale in 2008 and added a correspondent channel in 2011.

Marketing 384
article thumbnail

Do We Hope This Listing Goes Viral? No We Don't.

Miller Samuel

Here is the text for the original listing displayed at the bottom the screenshot: Like new light-filled house with a modern design by Donald Breismeister including 9 ft ceilings on the first floor. Bathrooms are beautiful and modern with separate steamshower and large whirlpool tub. It’s too much hassle. This house is live-in ready.

article thumbnail

Existing home sales data shows extent of housing inflation

Housing Wire

With mortgage rates rising, 2022 has seen the most significant housing inflationary event in recent modern history as the total cost to buy a home took a historic run higher, one that is for the record books. However, it’s not the market of 2002-2011.

Inventory 458
article thumbnail

FREE Webinar: Turn Your Appraisal Efforts Into Cash with Anow Software

McKissock

With Anow , the leading software for real estate appraisal offices nationwide, you can move beyond spreadsheets, modernize your processes, and save valuable time every day. Are you ready to turn your appraisal business into a money-making machine? ” What topics will be covered?

article thumbnail

BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

It is a 2011 take that still holds up on the AMC industry from American Banker's Bankthink column (I've written a column there before on another subject): Appraisal Management Companies Create More Problems Than They Solve. If you're not an appraiser, then you want to read this. But I'm no lawyer so I'll look for clarification on their logic.

Law 367