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Is it 2007 again in the housing market?

Sacramento Appraisal Blog

Is it 2007 again? There’s so much talk online about today’s housing market being like 2007, but what are the stats showing? UPCOMING (PUBLIC) SPEAKING GIGS: […] The post Is it 2007 again in the housing market? UPCOMING (PUBLIC) SPEAKING GIGS: […] The post Is it 2007 again in the housing market?

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2007 had ten times more housing supply than today

Sacramento Appraisal Blog

That’s what 2007 had compared to right now. UPCOMING (PUBLIC) SPEAKING GIGS: 10/4/23 KW Sac Metro Big Market Update (register here) 10/6/23 How to Think […] The post 2007 had ten times more housing supply than today first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. Enjoy if you wish.

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The Similarities Between 2007 and Today

Appraisal Buzz

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. The post The Similarities Between 2007 and Today appeared first on Appraisal Buzz. Just the way it should be done.

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Mansion tax could be ‘hardest hit since 2007,’ Josh Altman warns

Inman

This week, Byron Lazine and Nicole White discuss Josh Altman's view of California's proposed mansion tax, the tug-of-war between millennials and boomers, and the pain Zillow's CEO sees on the horizon.

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Guild CEO Mary Ann McGarry announces retirement

Housing Wire

McGarry joined Guild in 1984 as a supervisor in internal audit and held several leadership positions until promoted to president in 2005 and CEO in 2007. Guild’s executive vice president David Neylan, who joined the company in 2007, will replace Schmidt as president. Terry Schmidt, Guild’s current president, is the successor.

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Fairway makes new reverse mortgage investments, rejoins NRMLA

Housing Wire

The division’s leadership team will now also include Dan Ventura, who has served at Fairway since 2007 and last year was appointed as VP of reverse mortgage operations. “This partnership underscores Fairway’s commitment to the highest levels of professionalism and ethics in serving senior homeowners.”

Investing 403
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Why are exisitng home prices up year over year?

Housing Wire

As we can see in the chart below, even with the biggest home sales crash in history for one year, inventory data has yet to return to the peaks we saw in 2007. Getting back to the four-decade average between 2-2.5 million has been a struggle. Remember, people don’t sell to be homeless; they sell to obtain shelter most of the time.

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