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Comparing this housing market recession to 2008

Housing Wire

The housing market of 2002-2005 had four years of sales growth facilitated by credit. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. This is significantly different than the period from 2002-2005 when credit expansion was booming. Home sales. Housing credit.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Could you imagine this housing market if we eased lending standards? When supply is 4.4

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

I have said for many years that we wouldn’t see total housing construction start a year at 1.5 2020 is looking great on that front for the new home sales market and housing starts, which need more new home sales to warrant more single-family construction. It is not out of the question that we can get to 6.2 Context is key!

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Practical Tips for Working With AMCs

Appraisal Today

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Mortgage Lending You decide. Buyer-Borrower Remorse. Essentially, the cases are situations of “buyer-borrower remorse.”

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How to Reduce Appraisal Revision Requests

Appraisal Today

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. Qualified buyers and listing prices. 5 Beds | 5.5+

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. (