Housing Wire

MAY 2, 2023

And, unfortunately, sellers are not selling in today’s higher mortgage rate environment. The primary factor holding back today’s housing market is not lack of demand, but a dearth of supply. This article is part of our ongoing 2023 Housing Market Forecast series. The result is fewer sales.

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Housing Market Marketing Sellers Inventory 372

Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. From BLS : Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 As you can see in the chart below, the job growth rate is slowing, as it should.

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Housing Wire

MARCH 16, 2022

On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion. Job gains have been strong in recent months, and the unemployment rate has declined substantially. 3: The inverted yield curve. Recession red flag No.

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Housing Market Mortgage Marketing Inventory 444

Housing Wire

JUNE 21, 2022

million , down 3.4% Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. The only way this happens is higher rates. from last year.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you get access to 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry.

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Housing Market Marketing Inventory Mortgage 391

Housing Wire

SEPTEMBER 21, 2022

Buyers and sellers alike have now anchored their expectation of “normal” to sub-3% mortgage rates, multiple-offer bidding wars, and double-digit annual price growth. So, if this time it’s different, what are the forces that will drive the housing market forward or hold it back? The tailwinds. The reason?

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Housing Wire

JANUARY 27, 2022

I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way. I am a bond market guy because, to the core, I am an economics person first, so my discussions are more about the 10-year yield and the economic cycle versus mortgage-backed securities.

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Mortgage Marketing Inventory Housing Market 384

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 458

Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. Slowing down the pace, Miller said, is the average interest rate on a 30-year-fixed rate mortgage — 3.09% by late October, according to Freddie Mac , after it hovered below 3% for most of 2021. Rising interest rates.

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Real Estate Realty Brokerage Realtors 450

Cleveland Appraisal Blog

OCTOBER 12, 2022

I know, I know… In previous articles, I have exposed the lack of accuracy with their Zestimates. ABOVE & BELOW GROUND FINISHED SQUARE FOOTAGE. Especially since in most markets, the contributory value per square foot is less in below-grade areas. Zillow has data that can be very helpful. MY TAKEAWAYS.

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Market Value Appraisal Clients Marketing 334

Appraisal Today

APRIL 26, 2024

By knowing the type of sale, you are better able to reconcile a current opinion of market value that falls above or below a current or recent transaction for the subject property. To read more, Click Here My comments: We all see comps that seem to sell below market. Scroll down past the big yellow signup block.

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Appraisal Today

APRIL 5, 2024

To read more, Click Here My comments: The article also discusses bias. NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc.

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Appraisal Today

FEBRUARY 23, 2024

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. But backing up, I can look at older stuff for the sake of research, but this doesn’t mean I’ll use a super old comp in a report. Driving down the street, I analyze possible issues. baths, 12,770 sq.ft.,

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Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

APRIL 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Scroll down past the big yellow signup block.

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Appraisal Contracts Valuation Design 67

Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Walk around holding a clipboard just like “Skip” down at the Jiffy Lube. Scroll down past the big yellow signup block. Start small.

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Appraisal Contracts Legal Business 74

Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. The sellers originally bought the land for $12 million back in 2010.

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Appraisal Real Estate Contracts Business 88

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. To read more, Click Here My comments: Read the full article! This article uses surfing as an excellent illustration.

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Appraisal Mortgage Business Contracts 73

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable?

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Appraisal Real Estate Contracts Design 66

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. Therefore, the appraisal industry must begin to push back. This article goes way beyond racial bias, which is in the news.

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Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. since October 2021.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates.

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Housing Market Marketing Inventory New Listings 538

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. = I hate this time change. By Dallas T.

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Appraisal Today

OCTOBER 27, 2023

We’ve organized the strange and spooky properties described by our survey participants into the following categories: Vacant and secluded homes Spooky historic properties Properties in horrible condition Other surprising and strange site visits “Vacant house that neighbors told me had not been occupied for almost 3 years.

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Property Appraisal Appraisal Business Contracts 71

Appraisal Today

JULY 14, 2023

3 bedrooms. So as long as you (1) maintain continuous coverage and (2) insure with companies that honor your Retroactive Date, you have coverage going back to the date when you purchased your first E&O policy. If these articles helped you understand these topics, it is worth the subscription price! The 8,000+ sq.

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Tools Appraisal Insurance Contracts 75

Appraisal Today

JULY 28, 2023

We need to step back for a moment and carefully analyze and consider why that was done, and what it means to appraisers. To read more and see lots of photos, click here My comment: The median listing home price in Folsom, CA was $789K in June 2023, trending down -1.3% Standards Rule 1-3(v), requires analysis of “market area trends.”

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Appraisal Today

DECEMBER 1, 2023

The areas north and south of Highway 50 below represent the College-Glen area… Why it’s no biggie to pull comps like this A) Prices are similar: Prices are similar on each side of the highway. The four-bedroom home was built in 2019 in the gated neighborhood of Back Bay Cove. Scroll down past the big yellow signup block.

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Appraisal Business Contracts Technology 87

Appraisal Today

SEPTEMBER 23, 2022

Sellers Chasing the ball down the road in real estate. The regional median price has ticked down about 7% since May, which is $45,000. My comments: Scroll down the page for more comments from Ryan. Ryan has been writing about the ups and downs of his market for a long time. By Ryan Lundquist. One box just isn’t enough. “At

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Appraisal Marketing Business Contracts 52

Appraisal Today

JANUARY 20, 2023

Walk around holding a clipboard just like “Skip” down at the Jiffy Lube. To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc.

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Appraisal Contracts Sellers Business 52

Appraisal Today

OCTOBER 20, 2023

The demand letter cited an accounting error during the origination of the loan (not an appraisal issue) and the appraisal as the reason for the buy back. I have attached the Fannie Mae comments and my responses below. million 3 bedrooms, 2 baths, 2,281 sq.ft, built in 2008, 21.23 I currently play 3 times a week.

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Appraisal Today

DECEMBER 2, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. The image below was created by Teresa Walker. That sounds like me.

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Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. To read more of this long blog post with many topics, click Read More Below!! And that’s the way it is – March 1, 2023.

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Housing Wire

DECEMBER 20, 2021

COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down! Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The forecast. The backstory.

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Housing Market Inventory Mortgage Marketing 543

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Have you ever turned down assignments such as a retrospective value (going back in time) or a life estate?

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Appraisal Real Estate Valuation Contracts 85

Appraisal Today

APRIL 7, 2023

I would say about 90% of the voicemails that I receive are from an irate homeowner worried about a rate lock or a stressed out realtor wondering if they are going to close on time. Very good tips in the article. To read more of this long blog post with many topics, click Read More Below!! I get a few telemarketers’ messages.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

FEBRUARY 10, 2023

1639e(b)(3). … Very similar to the old mortgage broker days. To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on estate/trust appraisals and Fannie changesunusual homes, mortgage origination stats, etc. =

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Appraisal Contracts Architecture Mortgage 52

Appraisal Today

JULY 7, 2023

To read more, click here My comments: Long article and worth reading. The family has brought the property back to life and preserved it,” says McElwreath. Markets go up and down I’ve been writing for years about how normal it is for markets to go up and down. Discusses many issues and lawsuits. I’m never giving up my 3.5%

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Appraisal Real Estate Contracts Mortgage 75

Appraisal Today

OCTOBER 28, 2022

I wrote a long article about VA in the past, available to paid subscribers. To read more of this long blog post with many topics, click Read More Below!! About one-fourth of Americans (24%) believe they’ve lived in a real haunted house, down from the 44% who said the same in 2021, when people spent more time at home.

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Appraisal Contracts Mortgage Valuation 52