Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

NOVEMBER 17, 2022

For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. If the builders could, they would take some of the past contracts back, but they’re just stuck with these homes. We need to push these homes onto the market to get inflation lower.

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Contracts Construction Supply Chain Marketing 545

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Housing Market Marketing Supply Chain Mortgage 517

Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. The market is savagely unhealthy and needs balance; this is what we call balance! As you can see, sales levels were never elevated like what we saw from 2002-2005. Guess what happened in March?

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Housing Market Inventory Construction Marketing 397

Housing Wire

JULY 6, 2023

In a bid to strengthen its position in the Gulf Coast market, has acquired Truland Homes , the largest private homebuilder along the Gulf Coast, according to an announcement issued Thursday. Horton’s already strong local market operations.” Horton has been the largest homebuilder by volume in the United States since 2002.

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Contracts Development Insurance Construction 370

Houston Properties

MAY 16, 2022

A Guide to Houston's Best Ranches & Farms On The Market. Work with the best Realtor in Houston to ensure that you’re purchasing a high-quality home at a favorable market value. The Houston Properties Team has a database of over 30,000 Houston “buyers in waiting” that we’ve been building since 2002.

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Marketing Real Estate Buyers Realtors 36

Appraisal Today

NOVEMBER 4, 2022

Excerpts: As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years. Lender Liability for a Negligent Appraisal?

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022.

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Mortgage Construction Contracts Housing Market 473

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC.

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Appraisal Marketing Contracts Insurance 52

Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. It’s a shame that the housing market has to deal with so much drama while the U.S.

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Construction Housing Market Inventory Buyers 466

Raleigh Realty

AUGUST 10, 2021

Readying a home so that it can be listed on the real estate market can be a daunting task, but there are a few steps that can be taken to alleviate some of that stress for you and your family. This is due to financial stressors, as well as a greater risk of contracting covid if you have an underlying condition.

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Insurance Real Estate Government Real Estate Agent 78

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6 percent (±16.9

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Construction Housing Market Sellers Marketing 370

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Markets hate uncertainty. Or hit the reply button.

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Appraisal Contracts Real Estate Agent Mortgage 73

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Sales were also down in 2022 , which sparked concerns of a market crash , but as Anthony predicted, it didn’t happen , more thanks to reduced inventory rather than a decline in sales.

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Inventory Sellers Buyers Contracts 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

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Appraisal Architecture Business Contracts 52

Appraisal Today

SEPTEMBER 29, 2023

Today, they are becoming popular to get extra rentals in markets low on housing. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. Some types of non-lender appraisals have little competition, and marketing can be done quickly.

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Insurance Appraisal Contracts Mortgage 77

Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. Some have been pushed out of the market entirely. Lack of affordability impacts the market. Topics include: Are we on the cusp of a market correction?

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Appraisal Contracts Business Mortgage 52

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. 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. ( home prices will decline 5.5%

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Housing Market Marketing Buyers Real Estate 36