2005 Contracts Housing Market Mortgage 
Housing Wire
MARCH 31, 2021
Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. from the week prior.
Housing Wire
JANUARY 20, 2023
housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. The days on market were too low.
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Housing Wire
JULY 29, 2021
An index of 100 is equal to the average level of contract activity during 2001, the first year examined. May’s 8% increase was the highest jump for that month since 2005, according to NAR. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3% Mortgage applications increased 5.7% in 2022.
Appraisal Buzz
MAY 17, 2021
During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. We analyze and report.
Housing Wire
NOVEMBER 17, 2022
For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. 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.
Lamacchia Realty
JUNE 21, 2022
In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.
Appraisal Today
JUNE 17, 2022
NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. It looks like the change is starting because of increasing mortgage interest rates. USPAP and the Contract.
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