Housing Wire
OCTOBER 27, 2022
Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.
Housing Wire
DECEMBER 27, 2022
.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.
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Appraisal Buzz
MAY 17, 2021
Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. This is no different than ignoring declining trends. How do we combat this?
Appraisal Today
MAY 12, 2023
In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Most buyers were tech people from the Bay Area. The residential lending appraisal business depends on low-interest rates, the same as for loan officers. His homes are as unique as he was,” says Heinrich. “He
Appraisal Today
OCTOBER 21, 2022
But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? My comments: Fun to look at but does it appeal to many buyers? Appraisals are ordered after the loan application. You need coverage for those years.
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