Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% That was a huge red flag, hence all the statements in 2021 about unhealthy housing. .

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Inventory Housing Market New Listings Mortgage 437

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Listing Spark

SEPTEMBER 27, 2023

As 2024 approaches, you might be thinking about the year ahead: your professional growth goals, changes you want to make in your work processes, and how you’re going to retain business against competitors, both human and software. Otherwise, they may look elsewhere for insights. Realtors provide insights for pricing strategies.

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. To see the listing with 19 photos, Click Here == LoanDepot Appraisal Discrimination Settlement By Peter Christensen, March 28, 2024 Connolly and Mott v. The second development in the case is that on March 22, 2024, the attorneys for Drs.

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Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. A1: Back Half of 2024? – My wild guess is that rate cuts will be in the back half of 2024. Not in March. Not in June.

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Appraisal Today

MAY 17, 2024

To read articles from the September and October 2024 issues with more about this topic, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. If you are a paid subscriber and did not get the May 2024 issue emailed on Wednesday 1, 2024, please email info@appraisaltoday.com , and we will send it to you.

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Tools Appraisal Renovations Design 64

Listing Spark

MARCH 12, 2024

The majority of buyers use the internet to look for homes, and 51% of buyers actually found the home they ended up buying online. The first four steps cover everything that happens before you list your home and start hearing from interested buyers. Then buyers and agents can coordinate directly with you based on your listing.

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Buyers Agents Tools Contracts 36

Appraisal Today

FEBRUARY 9, 2024

you are a paid subscriber and did not get the February 2024 issue emailed on Thursday, February 1, 2024, please email info@appraisaltoday.com , and we will send it to you!! That has made it hard for some individual sellers of existing homes to compete for buyers. February 7, 2024) — Mortgage applications increased 3.7

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Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Sometimes buyers like them and sometimes not. Many people don’t like them. per month, $24.75

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Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract.

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Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Lenders See Considerable Value in Appraisal Modernization. Hopefully, there will be a new online “form” for all GSE appraisal reports in 2024.

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Construction Appraisal Modernization Contracts 52

Appraisal Today

SEPTEMBER 8, 2023

Still, a revival in purchase originations is anticipated in 2024 as the market adjusts and more homes become available. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.03

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Will Springer Realtor

NOVEMBER 10, 2023

Knowingly or not, associations can discriminate against potential home buyers by enforcing a community’s established rules that have the potential to limit people of certain classifications from purchasing a property. It’s working well for both builders and buyers. Buyers must qualify for the mortgage at the highest rate in the offer.

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HOA Buyers Law Supply Chain 36

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

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HOA Transportation Construction Buyers 36

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. = The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.39

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Appraisal Business Contracts Real Estate 52

Will Springer Realtor

MAY 9, 2022

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. 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.

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Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2023

It would cost the owner of an $800,000 home in Seattle about $360 in 2024, or more than triple the expiring housing levy of $115. Bellevue has the second-greatest need, according to council forecasts, with a shortfall of 35,000 to make up by 2024. Check out this fully updated mid-century modern West of Market home in Kirkland.

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. I strongly support Byron Miller for 2024 AI Vice President. Quite a change from past presidents!!

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Appraisal Contracts Architecture Law 52

Will Springer Realtor

JUNE 9, 2023

Even the doubling of interest rates in less than a year did not dissuade some buyers in need of a home. Filings include default notices, scheduled auctions and bank repossessions. >> Nearly half (47%) of all prospective buyers said they would buy a home in the current housing market because they are tired of renting and rent increases.

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Buyers Transportation Housing Market Law 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Mark Zandi, chief economist at Moody’s Analytics, is far more bearish, predicting prices will fall about 10% nationally over the next 12-18 months if the country avoids a recession (which is unlikely) and drop roughly 20% by 2024 if the U.S. The next 12-24 months are likely going to be quite a challenge for prospective buyers.

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