Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 262

Construction Retail Mortgage Contracts 262

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% in 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% annual jump in 2024.

Housing Market 393

Housing Market Realtors Contracts Buyers 393

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The recovery has not taken place, but the housing recession is over,” said NAR Chief Economist Lawrence Yun. The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. in 2024, according to NAR’s forecast.

Construction 339

Construction Inventory Realtors Housing Market 339

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. housing market now. That’s frankly surprising given how cold the housing market froze last fall. New contracts dipped as affordability is out of reach for so many. This week continues that trend.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. months , this is just an OK market for builders. months , the builders will pause construction. Why so low? When supply is 4.4-6.4

Construction 522

Construction Business Contracts Marketing 522

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. The VantageScore dataset that is scheduled to be made available includes information going back to 2013, which is not far enough, the groups assert.

Legal 340

Legal Mortgage Contracts Insurance 340

Housing Wire

JANUARY 20, 2023

Homebuilder confidence and demand for mortgages have increased recently, keeping hopes high for an improved housing market in 2023. But a modest recession is still expected this year, and elevated mortgage rates, coupled with high home prices, will limit housing activity, according to Fannie Mae. Prices are expected to fall 6.7%

Mortgage 346

Mortgage Housing Market Buyers Contracts 346

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 to $390,000 in 2024. year over year.

Inventory 387

Inventory Realtors Contracts Construction 387

Housing Wire

DECEMBER 19, 2022

This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. In December, builder confidence in the market for newly built single-family homes fell two points compared to November.

Contracts 370

Contracts Construction Buyers Housing Market 370

Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? Here’s the formula.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Housing Wire

FEBRUARY 21, 2023

Home sales are now expected to make a partial rebound in 2024, however, with total sales increasing by 9.6% Fundamentally, there continues to be an elevated number of homes under construction or completed that are for sale relative to the recent sales pace. In 2024, purchase mortgage volume is projected to rise to $1.5

Inventory 369

Inventory Mortgage Housing Market Contracts 369

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

Housing Market 390

Housing Market Inventory Construction Marketing 390

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

Inventory 543

Inventory Construction Government Housing Market 543

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Will Springer Realtor

DECEMBER 19, 2023

As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. More than 75% of homes on the market are deemed too expensive for middle-class buyers, according to a study from the National Association of Realtors® (NAR) and realtor.com. by December 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. National mortgage originations closed the year at less than $1.5

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. January offered a glimmer of hope as owners put 1875 of their King County homes on the market (single-family, townhome, condo combined). in Q2 2024 (previous: 6.8%) 6.0%

New Listings 54

New Listings Buyers Inventory Lending 54

Appraisal Today

APRIL 5, 2024

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. a state-of-the-art home gym, salon, yoga room. No pickleball court. District Court, Maryland.

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. I was lucky to have never had to use new construction as a comp on an existing home. baths, 14,450 sq.ft.,

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

Appraisal 75

Appraisal Contracts Legal Business 75

Appraisal Today

MARCH 15, 2024

However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. If you are a paid subscriber and If you are a paid subscriber and did not get the March 2024 issue emailed on Friday March 1, 2024, please email info@appraisaltoday.com , and we will send it to you.

Appraisal 69

Appraisal Inspection Modernization Business 69

Empire Appraisal Group

JANUARY 11, 2023

Some housing markets may see an uptick in homebuying activity at the beginning of the year, especially if mortgage rates continue receding from a recent high of 7%. NAHB: Sharp Contraction in Construction. Housing markets will continue to struggle with the loss of consumer confidence.”.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

MARCH 22, 2024

To read the listing and see 39 photos, Click Here Fannie Appraiser Update March 2024 Excerpts: This edition touches on hot topics including zoning changes, hybrid appraisals, subjective language, and recent Selling Guide updates. It can impact home values, insurance costs, and the overall stability of a housing market.” “The

Appraisal 66

Appraisal Contracts Business Insurance 66

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. The local single-family market is riding a similar up-and-down wave, depending on the area.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Scary, indeed, but are these signs of a pending housing recession? by the end of 2024.

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. After all, this isn’t the first time the unique property has been listed.

Appraisal 80

Appraisal Contracts Business Construction 80

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.

Mortgage 36

Mortgage Real Estate Law Lending 36

Listing Spark

SEPTEMBER 25, 2023

The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market. Here are five of the biggest change in the Texas Real Estate market. At least, not yet.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. This means the negative YoY price decline – which is in a range of minus 7%-11%, depending on the submarket – will slowly return to positive territory, likely by early 2024. were in various stages of construction. in Seattle.

Buyers 36

Buyers Inventory Construction Finance 36

Appraisal Today

JUNE 10, 2022

House decorating used a lot of seashells and items found on the local beach. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Hot housing market not a bubble, economists say. Available to rent on Airbnb, of course. Jun 7, 2022. percent from 5.33

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

MAY 13, 2024

America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. shy of the need. But for how long?

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 15, 2023

The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather. The number of single-family homes going under contract (Pending sales) fell 8.7% The dynamics of this year’s housing market are complex. by the end of 2024.

Sellers 60

Sellers Buyers New Listings Inventory 60

Appraisal Today

MAY 19, 2023

The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate. housing market back into a deep freeze Excerpts: A debt default is very unlikely, but new scenario projections from Zillow show sales would decrease sharply as mortgage costs balloon.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Will Springer Realtor

NOVEMBER 10, 2023

The builder prepays the interest due to the mortgage company, which is typically a bank or credit union partnering with the construction company on the project. SEATTLE HOUSING LEVY Voters in Seattle delivered a strong message this month when they overwhelmingly showed support for a measure to further address our housing crisis.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? New construction across King is projected to decline a surprising 11% in dollar terms in 2022.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. “A million sq.

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Architecture Design Buyers Construction 36