Remove 2006 Remove Buyers Remove Construction Remove Marketing
article thumbnail

The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

Business 364
article thumbnail

Building material prices take their toll on new home sales

Housing Wire

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. ” Technology for navigating secondary market challenges. . ” Technology for navigating secondary market challenges.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight. Nowhere in Sight.

article thumbnail

Housing Demand Likely to Stay High for Years to Come

Empire Appraisal Group

While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyersmarket appear far away. Between a wave of foreclosures, rising rents, and underbuilding of new homes, the housing market became much harder to crack into from 2006 to 2017.

article thumbnail

August 2021 Home Data Index Market Report

Clear Capital

The August 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 6.4 In that case, we encourage the consideration of the additional year-over-year comparison based upon price-per-square-foot, which may be more in line with market dynamics in this situation. months worth of supply.

article thumbnail

8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low. Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. MCLEAN, Va.

article thumbnail

Comparing this housing market recession to 2008

Housing Wire

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.