2002 Contracts Lending Sellers 
Housing Wire
JANUARY 20, 2023
The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. I have often said that anytime days on the market are at a teenager level, nothing good will happen.
Appraisal Buzz
MAY 17, 2021
Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Appraisers’ jobs are not to facilitate mortgage lending. We are seeing that as a profession again.
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Appraisal Today
NOVEMBER 4, 2022
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. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending.
Appraisal Today
DECEMBER 9, 2022
This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. I’m reading lots of predictions from people in high places in the real estate and lending worlds saying that the correction is underway, and it’s all about affordability. percent from 6.49
Housing Wire
DECEMBER 5, 2022
It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.
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