Housing Wire
DECEMBER 27, 2022
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. The 2002 housing market has been a tale of two halves,” said Green. By September, a full-fledged housing market recession had set in.
Appraisal Buzz
MAY 17, 2021
Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price. We are seeing that as a profession again.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Appraisal Today
NOVEMBER 4, 2022
It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Communicating with non-lender clients: Very, very different from lenders!! Appraiser list Internet, referral, previous client. How got your name. Property inspection date.
Appraisal Today
AUGUST 13, 2023
Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent, the highest rate since 2002. The average contract interest rate for 5/1 ARMs increased to 6.36
Appraisal Today
SEPTEMBER 29, 2023
I had never seen a Fannie form, so all types of clients were new. Unfortunately, most res appraisers are unwilling to try new clients where you decide what is in your appraisal reports and what you do in your appraisals. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.16
Appraisal Today
MAY 12, 2023
In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.48 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.41
Appraisal Today
OCTOBER 21, 2022
Your clients count on you to let them know the market today, not in the past. percent – the highest level since 2002,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94
Expert insights. Personalized for you.
491 
Let's personalize your content