Remove 2012 Remove Contracts Remove Inventory Remove Lending
article thumbnail

Mortgage credit availability tightened in May

Housing Wire

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. The monthly Mortgage Credit Availability Index fell by 3.1% last month, according to the Mortgage Bankers Association.

Mortgage 333
article thumbnail

MBA economists: The overcapacity that still needs to be cut

Housing Wire

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. By comparison, we are forecasting total volume of about $2.3

Lending 382
Insiders

Sign Up for our Newsletter

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

article thumbnail

OK to average adjusted comps on appraisals?

Appraisal Today

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. to 305,219—the lowest third-quarter level since 2012. ”… Question 2: does the lending industry owe the appraiser a living? Investor purchases of U.S. homes dropped 29.7% percent the previous week.

article thumbnail

Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” decline over the 12 months ending March 2012. Condo inventory stands at 1.7 months’ inventory for all home types, down sharply from 2.3 Eastside inventory is 1.4

article thumbnail

SFR with ADU or Two Units?

Appraisal Today

Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. The GSEs started keeping track in 71.