Housing Wire

SEPTEMBER 22, 2022

I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I During the past 18 months — when refis were low-hanging fruit — the LO closed around $3 million a month. And it’s going to get worse. higher than last year.

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Mortgage Loan Officers Inventory Retail 383

Housing Wire

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? Talking about this from a historical standpoint will help us understand better what is happening today. In the years 2008-2019 we saw the weakest housing recovery ever.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

FEBRUARY 9, 2021

HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production , to talk more about the increased demand. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards. The current population of self-employed is around 18 million people, which is 30% of the U.S.

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Lending Loan Officers Business Investors 364

Housing Wire

MAY 23, 2022

The question before those of us in the housing ecosystem is, “how can most Americans avoid the flood?”. The question before those of us in the housing ecosystem is, “how can most Americans avoid the flood?”. Again, the numbers for many minority groups are much lower.

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Government Supply Chain Finance Development 359

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The Flagstar text message leaked to the media in mid-July confirmed, going forward, funding advances for non-QM mortgages will require advance approval by the lender’s warehouse lending arm.

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Lending Mortgage Housing Market Marketing 376

Empire Appraisal Group

DECEMBER 16, 2021

How Many Homes Go to Investors? In Jacksonville, more than 1 in 4 homebuyers (28.1%) are investors. homebuyers in the third quarter were investors rather than homesteaders, according to an analysis by Redfin economists. That percentage of investor buyers is an increase from 16.1% year-to-year.

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Investors Housing Market Real Estate Buyers 78

Housing Wire

DECEMBER 20, 2022

Homes were on the market for hours and not days or weeks, and offers included “overvalue” cash inclusions of commonly hundreds of thousands of dollars. One morning in 2022 every title company owner and leader woke up with one very simple problem: they suddenly had too many employees. Do you want to win big in 2023? Staff to the market.

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Training Business Marketing Investing 382

Housing Wire

MARCH 1, 2023

When I look out over the next six months, 12 months, 18 months, I do see this big overhang of [MBS] supply that needs to be absorbed on the agency side, and spreads definitely need to be wider,” which likely translates into upward rate pressure for the mortgage market, explained Sandeep Bordia, head of research and analytics for the Amherst Group.

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Marketing Investing Mortgage Investors 374

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. When you buy through our links, we may earn a commission. Be honest and truthful Not be convicted of a disqualifying offense.

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Real Estate Real Estate Agent Brokerage Agents 397

Housing Wire

APRIL 14, 2022

Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. ” It worked well for Woodward – and Interfirst – for about one year. “We know that the mortgage industry is about boom and bust,” said Woodward. And the rates started to go the wrong way.

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Mortgage Marketing Retail Lending 522

Housing Wire

FEBRUARY 8, 2022

He has talked openly about it but is still trying to understand the reasons and potential solutions. He has talked openly about it but is still trying to understand the reasons and potential solutions. Servicers, lenders and investors dealt with a tsunami of 7.7 Larry Goldstone is tired of being ghosted. We service their loans.

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Law Mortgage Legal Finance 360

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs).

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Investors Investing Real Estate Finance 391

Appraisal Today

MARCH 8, 2024

But backing up, part of the fun of working in real estate is figuring out how to answer questions like this in a way that is balanced and hopefully reflective of the sentiment in the marketplace. Is it a problem to remove all bathtubs in a house? By Ryan Lundquist Excerpts: I’ve been asked this question twice this week. Anything to add?

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Appraisal Contracts Real Estate Housing Market 81

Appraisal Today

DECEMBER 8, 2023

But that begs a question… similar how? We can fairly easily observe the comparable which is the most physically similar, but what about the one that is the most transactionally similar? Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers. The four-bedroom, 4.5-bath

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Appraisal Real Estate Contracts Design 66

Housing Wire

MARCH 12, 2024

The running average of CPI going back to 1914 has been 3.3%. So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? But what about the 1970s inflation that led to 18% mortgage rates in the early 1980s?

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Mortgage Supply Chain Investors Government 500

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.

Property Appraisal 71

Property Appraisal Appraisal Business Contracts 71

The Robert Weiler Company

NOVEMBER 9, 2022

Also, see why Columbus is a hot spot for commercial real estate investors. Tip 2: Inquire About Infrastructure. Now that you’ve found an area that interests you and offers local properties in your price range, it’s time to learn as much as you can about that area. Tip 3: Learn About Locals and Lifestyle. But don’t worry!

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Transportation Real Estate Supply Chain Investing 78

Housing Wire

MARCH 21, 2023

Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to Nov. For many years I have talked about how rare it is that existing home sales trend below 4 million.

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Mortgage Housing Market Inventory Law 497

Housing Wire

JANUARY 26, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. The event is exclusively for HW+ members , and you can go here to register. 2022 Forecast series.

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Real Estate Investors Inventory Business 432

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. It was shared by four nearby homes. To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! I am on many email lists.) Nearby, I noticed a large water tank.

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Appraisal Contracts Real Estate Mortgage 52

Listing Spark

APRIL 7, 2023

Episode Summary How will the current state of the banking industry impact the commercial real estate market? Tune into this episode of Real Estate Real Fast to learn more about where things are headed in the commercial real estate market. trillion in commercial real estate debt. You’re only FDIC insured up to 250K.

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Real Estate Marketing Investing Finance 36

Appraisal Today

APRIL 7, 2023

How to Manage Your Emails By Paul Ryll Excerpts: My mother told me today that she called last night and was greeted with, ‘The mailbox is full and cannot accept any messages at this time. The closing date came and went before I got the go-ahead from the lender. I don’t see much written about appraisers and emails.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Housing Wire

APRIL 21, 2023

The trading volume of mortgage-rights servicing (MSRs) so far this year is on pace to meet or exceed last year’s robust mark , when MSRs on some $1 trillion worth of home loans exchanged hands — then fueled by the spike in interest rates, industry players say. Bayview Cos. Cooper (formerly Nationstar Mortgage ).

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Buyers Investing Mortgage Sellers 69

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers. There are few comps as almost all homes are fixed up for sale. In my MLS “contractor special” is often used.

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Appraisal Bracketing Contracts Valuation 52

Appraisal Today

AUGUST 5, 2022

To read more about the May 2022 proposal to eliminate the fee panel , click here . To read more about the May 2022 proposal to eliminate the fee panel , click here . I wrote about the VA in my July 8 email newsletter. To read more of this long blog post with many topics, click Read More Below!! Humor for Appraisers.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. We still have too many people chasing too few homes, and while the growth rate of pricing has cooled tremendously, it’s still rising.

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Marketing Housing Market Inventory New Listings 352

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! You either have a massive credit boom that will eventually lead to a bust, or you have too many people chasing too few homes. million in May. million in May.

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Housing Market Marketing Inventory Law 520

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That started in Q4 of 2022, so it’s been about six quarters at this point, and we predicted it would last 24 to 26 months,” Salmanson added. “So,

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Investors Marketing Inventory Real Estate 452

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 Early in the year , I wrote that if existing home sales stay in a range between 5.84 Early in the year , I wrote that if existing home sales stay in a range between 5.84 This number is above my sales trend peak of 6.2

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Inventory Housing Market Investors Marketing 489

Housing Wire

MAY 26, 2022

I anticipated negative declines of 18%-22% by now, so that hasn’t happened yet on the four-week average. We will have more challenging comps to work in October of this year, and maybe that 18%-22% decline will happen then. What is going on here? What is going on here? It’s an excellent time to discuss housing inventory.

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Inventory Housing Market Construction Marketing 515

Houston Properties

JANUARY 13, 2021

Concerned about a housing market crash? Worried about missing out on a boom? Since the COVID-19 lockdown, homes have a higher “intrinsic value” to people as they spend more time in their abode (implying that many families will allocate a higher percentage of their total net worth to making their home their haven).

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

SEPTEMBER 30, 2020

HousingWire: How does the Ocwen of today compare to the companies that merged two years ago? million borrowers, thousands of investors and more than 100 subservicing clients. What’s your strategy now, and how do you intend to grow your servicing business? At the end of Q2, we serviced more than $206 billion in UPB.

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Mortgage Investors Business Human Resources 366

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 76

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Buying a Home When buying a home, an appraisal can help you in two ways. The appraisal gives them peace of mind in either case.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Today

MAY 12, 2023

Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.” My comments: Miller tends to be negative about the AI, but this excerpt from his weekly email is worth reading especially the video! Inspection or desktops are fine, but fees may be low and many don’t want to do them.

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Appraisal Architecture Business Contracts 52

Clear Capital

DECEMBER 14, 2021

Jeff and Kenon discuss rapidly increasing home equity and what this means for first-time buyers. Kenon, how are you? But before we do that, we are going to talk about some stories from the news and maybe a real estate joke of the pod! As we’ve talked about that, you know, the rate of increase is going to slow.

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Real Estate Mortgage Agents Business 69

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. 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. Buyers and sellers tiptoed through caution. Um, bye-bye! 31 and another 1.2%

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Real Estate Buyers Sellers Inventory 68