Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

Inventory 539

Inventory Housing Market New Listings Marketing 539

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). Or to discourage mortgage brokers from lending. The market is adjusting to a new reality, with much lower sales volumes and far more inventory,” says Ian Shepherdson, chief economist at Pantheon Macro.

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Housing Market Marketing Real Estate New Listings 78

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 544

Inventory Construction Government Housing Market 544

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. “Unlike in 2006, this market is underpinned by strong fundamentals and has been built on mortgages with sound credit, factors that won’t change in the near term.” The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.30

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

AUGUST 5, 2022

Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Find out why not. By Reena Agrawal, PhD, Research Economist.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

McKissock

MARCH 15, 2022

Buyers, many out-of-state, were purchasing homes with cash but were not living in them, which increased values from 2004 to 2006 because of competition, but it also indicated that a possible real estate bubble was in the very foreseeable future. Use of creative financing such as seller contracts.

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Inventory levels have an impact on property valuation, at least in the short term. percent, the highest level since 2006. percent from 6.75

Appraisal 52

Appraisal Insurance Real Estate Business 52