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Buyers viewed just eight homes before making their purchase

Housing Wire

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

Buyers 421
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Consumer protection is what title insurance is all about

Housing Wire

Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. Lower interest rates will not only improve the market for buyers, but it will also encourage more refinancing, particularly for recent homebuyers who stretched their budgets on higher rate loans.

Insurance 436
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Bay Area team bolts Compass for Side

Housing Wire

Created in 2004 by Barr Haney and Whitney Potter, OWN Marin generated $381 million in 2020 sales volume, the agent team reported, on 153 deal sides, meaning that the median home in which they represented seller or buyer was priced at $2.8

Brokerage 370
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Gentrification, Neighborhood Boundaries, and Bias

Appraisal Buzz

Comps in 2004 vs 2022: In terms of real estate, when it comes to comp selection, we might have pulled comps differently in 2004 compared with 2022 because the market is different now. And where would buyers be hunting for a home before shopping somewhere else? This is affecting real people. All these things could be clues.

Appraisal 195
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ALTA: Protecting property rights with title insurance

Housing Wire

nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021. The buyers purchased title insurance, which turned out to be an excellent investment. For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage.

Insurance 473
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Lenders, reach more buyers with new credit optimization platform

Housing Wire

Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans. HW: CreditXpert has been in the industry since the early 2000s with tools like Wayfinder and What-if Simulator, why introduce a new platform now?

Buyers 388
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What to Do If The Home You’re Buying has Defective Drywall

Lamacchia Realty

Between the years 2004-2008, large shipments of drywall were imported to the United States from overseas. So, if you’re purchasing a home that was built after August of 2004, it’s best to check with the seller and their agent about the drywall. With this in mind, buyers need to be thorough and diligent in protecting themselves.