Housing Wire

OCTOBER 12, 2020

Added to this, the cash-out boom from 2003-2006 meant that many households had little to no nested equity when the crisis hit. Here is another precedent: Back in 2012, our housing bear buddies kept insisting that the housing market had 4 million to 5 million homes in what they called shadow inventory. This sounds like a broadway play.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Ward said this slowdown has led to an increase in housing inventory. We have about 2.6

Marketing 374

Marketing Inventory Buyers Housing Market 374

Housing Wire

DECEMBER 2, 2020

Housing demand remains strong, and despite extremely tight inventory and rising prices, home sales are running at their strongest pace in over a decade.”. The ongoing refinance wave has been beneficial to homeowners looking to lower their monthly payments during these challenging economic times brought forth by the pandemic,” he said.

Mortgage 325

Mortgage Contracts Government Inventory 325

Housing Wire

SEPTEMBER 23, 2020

UWM’s CEO Mat Ishbia, who took over the family business from his father in 2003 and transformed it into the largest wholesale lender in the nation, will be head of the combined company. Both companies are reaping the rewards of near-zero interest rates and minuscule housing inventory. billion profit.

Mortgage 542

Mortgage Lending Business Inventory 542

Housing Wire

DECEMBER 31, 2021

The second-lowest LO turnover rate was in 2003, at 31%. Industry experts also predict that home inventory will increase in 2022, creating more options for borrowers. Yearly data compiled by the MBA found that in 2014 and 2018, years with weaker origination volume, the LO turnover rate was 44% and 37%, respective-ly.

Marketing 456

Marketing Law Government Mortgage 456

Housing Wire

APRIL 18, 2023

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. My biggest concern, to be honest, is inventory. Servicing is a hedge against origination.”

Retail 314

Retail Business Agents Loan Officers 314

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 resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 53

Inventory Sellers Buyers Contracts 53

Housing Wire

SEPTEMBER 21, 2020

2003 was the last time refinance activity was as high as the $1.75 There is little indication at this time that home prices are likely to decline in the near term, as demand has returned to the market since early summer, and housing inventory remains constrained. Just how busy have lenders been? trillion MBA is forecasting for 2020.

Government 542

Government Mortgage Marketing Housing Market 542

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Will Springer Realtor

MARCH 14, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” each month between 2003 and 2022.) Condo inventory stands at 1.7 months’ inventory for all home types, down sharply from 2.3 Eastside inventory is 1.4

Marketing 36

Marketing Buyers Inventory Sellers 36

Appraisal Today

AUGUST 13, 2023

Built in 2003, the Mediterranean style primary residence totals 4, 050 sq. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates.” It comes with a three-bedroom, Mediterranean-style mansion with 4,050 square feet of luxury living space.

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74

Appraisal Today

AUGUST 5, 2022

Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. You can clearly see that inventory is increasing as the number of active listings is growing, and we are not finished with July. More Signs of Slowing – A Peek at July Data.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Year Built: 2003. The biggest challenge right now is the low inventory. We see no reason for it to change in 2022.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36