Housing Wire

JUNE 21, 2022

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. home-price growth data.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

NOVEMBER 9, 2022

Credit growth in the previous expansion was going to be slow and steady until our household formation data got high enough to get demand higher. Credit growth in the previous expansion was going to be slow and steady until our household formation data got high enough to get demand higher. nominal per year at most.

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New Listings Inventory Housing Market Sellers 496

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. Recession red flag No. 3: The inverted yield curve.

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Housing Market Mortgage Marketing Inventory 450

Housing Wire

APRIL 3, 2023

Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates. It looks similar to 2021 data, which bottomed on April 9.

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Inventory Housing Market Marketing New Listings 491

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 421

Housing Wire

NOVEMBER 26, 2021

During this Thanksgiving week, we went from higher yields and the first Fed rate hike storyline to a big drop in bond yields and scary headlines on a new COVID variant, Omicron. In this type of economic environment is it even possible for mortgage rates to get to 4% and can the Federal Reserve really hike rates in an aggressive fashion?

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Housing Wire

NOVEMBER 18, 2022

We needed to end this madness before we had prices escalate over 20% for another year. When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. This article , which I wrote in 2019, does show you the historical work in the past decade on the housing bubble talk.

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Inventory Marketing Housing Market New Listings 473

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. Pivoting doesn’t mean they’ll cut rates, it just means they’ll change their language describing the economy.

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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 409

Housing Wire

JULY 2, 2023

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

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Inventory Housing Market Marketing New Listings 458

Housing Wire

NOVEMBER 4, 2022

The labor market is actually running into a big theme of my economic work over the years. recovery cycle, job openings getting toward 10 million was part of my forecast. From BLS : Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7 The unemployment rate did rise from 3.5%

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Marketing Construction Mortgage Housing Market 504

Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

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Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Purchase application data rose 7% weekly , still down 38% year over year. This bond market is screaming at the Fed to cut rates.

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Housing Market Marketing Inventory New Listings 384

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2020 and 2021 easily each have over 6.2 I honestly believed this would not be the case in 2022, but I am getting nervous. million new and existing home sales combined.

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Inventory Housing Market Marketing Mortgage 520

Housing Wire

DECEMBER 22, 2021

This week’s HW+ member spotlight features Shant Banosian, executive vice president of sales at Guaranteed Rate. According to HousingWire’s most recent coverage , Banosian, who has several dozen team members, has funded over $7 billion loans throughout his career, and has been with Guaranteed Rate for over 14 years.

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Housing Wire

DECEMBER 30, 2021

This article is part of our HousingWire 2022 forecast series. All signs point to continuing upward pressure on interest rates in 2022. To address those pressures, the Federal Reserve has signaled it will pursue monetary policy that pushes interest rates up modestly over the course of the next year. by the end of 2022.”.

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Marketing Supply Chain Housing Market Mortgage 450

Housing Wire

MARCH 28, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. To get access to the next Q&A, you can join HW+ here. HousingWire: How will rising rates affect new home construction? months on a 3-month average.

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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

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization.

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Mortgage Technology Loan Officers Business 533

Cleveland Appraisal Blog

OCTOBER 29, 2021

At first, you might be thinking that this means the estimated years remaining before a house falls over, so to speak. The use of the word “home” in this article, is referring to the property “improvements”) There are several data sources that appraisers use to obtain this information. But that is not correct.

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Appraisal Development Finance Lending 365

Housing Wire

DECEMBER 7, 2023

When you buy through our links, we may earn a commission. You’ll want to choose a program that gives you flexibility to fit your schedule and timeline for getting licensed in MA, while preparing you to pass the state exam on your first try, and successfully launch your new career. out of 5 stars Rating: 5 out of 5.

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Real Estate Real Estate Agent Law Brokerage 407

Appraisal Today

APRIL 26, 2024

Some estate sales occur when the beneficiaries just want to get rid of the property and don’t want to fix it up for sale. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! It’s a good discussion of this topic.

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Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

APRIL 5, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” And sometimes, that one crucial piece of information isn’t there anymore when you need it. No one knows when it will end.

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Appraisal Contracts Business Construction 76

Appraisal Today

APRIL 19, 2024

When I read it last week, I was going to put a link to it in this newsletter. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! There are 12 principal forms used for a mortgage origination appraisal. It is human nature.

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Appraisal Contracts Valuation Design 67

Appraisal Today

MARCH 15, 2024

This is an excellent diversification opportunity, with little competition from other appraisers or the GSEs use of other ways to get a value without human appraisers. You can expand your area to include rural appraisals to get more business. These pricey, see-through properties are found all over the country. By Dallas T.

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Appraisal Today

JANUARY 5, 2024

Lender issues are a significant factor in USPAP and Myths 1 to 4. 2024 USPAP For Appraisers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Excerpts: 4 Bedrooms, 4.5 Are you getting too many ad-only emails?

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Appraisal Contracts Legal Business 74

Appraisal Today

FEBRUARY 23, 2024

In my experience, some people get really upset when I share median trends because the sentiment is the median isn’t a perfect metric (true)… EXPAND TO OTHER NEIGHBORHOODS: Looking up other nearby neighborhoods is something I’ve done much more of lately since sales volume has plummeted. Look to the comps most of all.

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Appraisal Real Estate Contracts Reconsideration of Value 67

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. Do not get out of the water and put your surfboard away. To read more, Click Here My comments: Read the full article!

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Appraisal Mortgage Business Contracts 74

Housing Wire

FEBRUARY 8, 2022

Goldstone’s case is not related to the world of bad Tinder dates, where the colloquial term “ghosting” is popularly used when someone cuts off contact without warning or explanation. Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We We know who the borrowers are. We service their loans.

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Law Mortgage Legal Finance 370

Appraisal Today

JANUARY 19, 2024

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! 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.

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Appraisal Contracts Real Estate Architecture 72

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. I’ve found this when pulling comps through the years, and I’ve also shown this when making graphs. Large beach front home in Milton, Delaware for $2,588,170 4 bedrooms, 3.5+

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Appraisal Business Contracts Technology 87

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. So, unless rates go down, this might be the high in sales in 2024.

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Inventory Housing Market Mortgage Marketing 496

Appraisal Today

OCTOBER 27, 2023

However what I found was a massive wasp nest that was approx 4′-5′ tall in one of the bedrooms. When I opened the door, it clearly agitated them and I got out quickly and advised the lender to send in an exterminator ASAP. An appraiser I have known for many years saw a ghost in a haunted B&B he stayed in when traveling in Montana.

Property Appraisal 71

Property Appraisal Appraisal Business Contracts 71

Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. A buyer gets a seller’s disclosure statement for that information. Uber Drivers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Appraisal Training Inspection Real Estate 86

Appraisal Today

DECEMBER 8, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! It’s under the radar to the public, but [still] over the top. It’s truly stunning to see that a company like Invitation Homes owns over 9,000 units in California.

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Appraisal Real Estate Contracts Design 66

Movoto

MARCH 8, 2024

Interest Rates The average interest rate for a 30-year fixed mortgage started the month at 6.94%, which is at the low end of the 52-week range. When mortgage rates drop, they should do so before any cuts are made to the federal funds rate. This can be explained by the Fear and Greed Index , a.k.a.,

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Real Estate Inventory New Listings Realtors 36

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. What did I get wrong? in total for the year.

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Housing Market Marketing Inventory New Listings 543