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Builders apply the brakes amid canceled contracts

Housing Wire

However, for the first time in recent modern-day history β€” due to supply chain issues and other factors β€” housing completion data has lagged behind housing permits and starts. Back in 2005, new home sales were so elevated from exotic loan debt structures that the collapse in sales was truly epic.

Contracts 541
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Digital mortgage provider LoanLogics bought by Sun Capital

Housing Wire

β€œThe support and resources Sun Capital is capable of providing to companies like ours will enable LoanLogics to continue to ensure quality performance for our clients, enhance our operations and best serve the rapidly modernizing mortgage technology market,” Neville said. LoanLogics was founded in 2005.

Mortgage 387
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Lower mortgage rates are stabilizing the housing market

Housing Wire

As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Mortgage rates went from a low of 2.5%

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Why housing inventory is so low right now

Housing Wire

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019.

Inventory 497
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Proposed Design of the URAR

Appraiserblogs

In my initial very quick observation of the proposed changes, there is FAR MORE INFO REQUESTED about the subject and comparable sales than the β€˜current’ 2005 URAR form has on it. UAD and Forms Redesign Last year the hot topic was Appraisal Modernization - mostly bifurcate appraisals and UAD changes. In late 2019, FHFA decided….

Design 126
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Why housing inventory is so low right now

Housing Wire

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019.

Inventory 404
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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as β€œreal estate search engines” to help buyers more easily find a home online. For instance, Opendoor was founded in 2014 to make buying a home more efficient – or as they say β€œreinvent life’s most important transaction.”