Housing Wire

SEPTEMBER 8, 2022

When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

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Housing Wire

OCTOBER 17, 2023

That makes those homeowners susceptible to predatory behavior by some buyers operating in the pre-foreclosure marketplace, behavior that has been chronicled in several prominent, recent news stories. In nearly every case, the mortgage was never paid, leaving the homeowner with no property but a pile of debt.”

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Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

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Housing Wire

DECEMBER 19, 2022

This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.”

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Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). Suppose mortgage rates had broken below 5.75%.

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Housing Wire

DECEMBER 31, 2021

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

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Housing Wire

JUNE 2, 2022

And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. How can high prices be sustained when a buyer’s buying power is stretched so thin? In reality, mortgage rates have little correlation to home prices.

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Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

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Housing Wire

APRIL 12, 2022

Donny Samson was the company’s 25 th agent when he joined the family business in 2003, he said. The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side). Still, the CEO said he does not push agents to represent buyers. “We Samson reported $9.6

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Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Here, Nicholson promises excellence, knowledge and personalized results for discerning buyers and sellers. She underscores her expertise and global experience.

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Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This decline can be attributed partly to buyers grappling with the affordability challenge posed by higher interest rates and continually escalating prices.

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Will Springer Realtor

AUGUST 29, 2023

The reality is repeat buyers make a down payment of about 17% while first-timers put down about 6%-7% – figures that have been generally consistent for the last five years in the U.S. This knowledge is critical to have when saving for a home and estimating when buyers may reach their down payment goal. Let’s bust that myth right now!

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Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. This time last year, buyers were aggressively scooping up available homes before the predicted increase in mortgage interest rates.

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Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Home Junction

JUNE 2, 2020

If the unemployment rate continues to creep upward, a large percentage of potential buyers won’t qualify for a mortgage. According to a study by Zillow , Hong Kong’s economy was heavily affected by the SARS virus outbreak in 2003, but it bounced back in a relatively short period. Likely Troubled Area: Office Space.

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Appraisal Today

APRIL 28, 2023

Mortgage lending is very cyclical and dependent on mortgage rates. Its current owner, Dr. Wei-Tzuoh Chen, tapped Niles to construct the abode after buying the property back in 2003, The Wall Street Journal first reported. I always like good vibes also ;> In my market, feng shui is very important to some buyers.

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Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A The root causes of buyers overpaying are similar: Using an inexperienced agent (one with less than 6 transactions in total). This is the classic case of a buyer putting emotions over data.

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