Remove 2002 Remove Contracts Remove Marketing Remove Modernization
article thumbnail

Existing home sales data shows extent of housing inflation

Housing Wire

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%.

Inventory 450
article thumbnail

Builders apply the brakes amid canceled contracts

Housing Wire

However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts. 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.

Contracts 545
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Guide to Houston’s Best Ranches & Farms On The Market

Houston Properties

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.

article thumbnail

Appraisers and Local Market Analysis

Appraisal Today

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.

article thumbnail

SFR with ADU or Two Units?

Appraisal Today

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.

article thumbnail

FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

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%