Housing Wire
DECEMBER 7, 2022
As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. Accordingly, we also haven’t had a credit bust in the data line.
Housing Wire
SEPTEMBER 22, 2022
A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%
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Housing Wire
OCTOBER 11, 2022
This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. However, as we can see below, we are not back to the historical norms of 2-2.5 million active listings, but at just 1.28
Housing Wire
MAY 25, 2022
Faulty loans on mobile homes led to the downfall of the nation’s largest manufactured home lender in 2002, ensnaring Fannie Mae on its way down, an episode both GSEs remember well. But when home prices depreciated, it flamed out, and its parent Conseco filed for bankruptcy protection in 2002.
Houston Properties
MAY 16, 2022
The ultimate ranch and farm buyer guide from the number one Realtor in Houston! The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. The Houston Properties Team has a database of over 30,000 Houston “buyers in waiting” that we’ve been building since 2002.
Will Springer Realtor
OCTOBER 11, 2022
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. ( At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? Dining out. Theme parks.
Appraisal Today
OCTOBER 21, 2022
It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. 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? Cost to cure?
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