Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. However, the gap remains wider compared to mid-2022 (17.2%) and mid-2007, shortly before the housing bust (16.3%). last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Housing Wire

DECEMBER 12, 2024

Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007. The brokerage opened a full-time office known as William Raveis Nantucket on the island’s historic Main Street in 2007. Several JRE agents serve on local boards and nonprofits across the island.

Real Estate 363

Real Estate Brokerage Agents Realty 363

Housing Wire

MAY 22, 2025

million, and in 2007, total active listings were at 4 million. Today, we are at 1.45 million and price growth is cooling down, which is precisely what the doctor ordered. Historically, inventory has ranged between 2 and 2.5 I dont see that happening anytime soon.

Inventory 455

Inventory Realtors Housing Market Mortgage 455

Housing Wire

MAY 15, 2025

Their daughter, Tara Demarie, took over as broker in 2007 and now co-owns the firm with her sister, Tobie Hodgkins. The company has been a top real estate performer in Calcasieu Parish since 1991 and is now led by Bills grandson, Beau Flavin. Century 21 Bessette Realty was launched in 1990 by Harvey and Moria Bessette.

Realty 281

Realty Real Estate Agents Training 281

Housing Wire

NOVEMBER 19, 2024

Dunn, who has led the firm since 2007, has previously served on Northern Virginia Association of Realtors ’ ethics and professional standards committees, and she regularly leads fundraising initiatives in her local community. Virginia, Maryland and West Virginia.

Real Estate 370

Real Estate Realtors Agents Clients 370

Housing Wire

FEBRUARY 5, 2025

Boomers are staying in their homes longer, so remaining homeowners.Housing tenure doubled in America from five to seven years from 1985-2007 to 11-13 years from 2008-2025. This leaves a lot of homeowners in place. The loan profile of buyers during the post-2010 expansion is excellent.

Buyers 430

Buyers Housing Market Marketing Mortgage 430

Housing Wire

APRIL 17, 2025

proposal is still significantly above the pre-financial crisis level of 0.45%, and it would be six times higher than what was required to cover cumulative losses from 2007 to 2011.

Government 526

Government Mortgage Investors Investing 526

Housing Wire

MAY 12, 2025

Founded in 2007 by Lora and Mitch Umbarger, Advantage Realty Partners will now be integrated into the Heritage Group brand. This acquisition expands our bench of knowledgeable professionals and adds regional expertise in neighboring counties, strengthening our service to a broader footprint without sacrificing local insight.

Real Estate 286

Real Estate Realty Tools Agents 286

Housing Wire

MAY 15, 2025

” From 2007 to 2013, wraps got a really bad rap because the sellers got in financial trouble and kept the buyers money and didnt make the mortgage payments, Leahy explained. Maybe a car accident or a similar event wiped them out. Ultimately, the house went into foreclosure.

Sellers 370

Sellers Finance Legal Lending 370

Appraisal Buzz

NOVEMBER 26, 2024

He is also an online contributor to Forbes, Chairman of the Board of Cascade Policy Institute, and the author of The Flexible Stance: Thriving in a Boom/Bust Economy (2016) and Businomics (2007), a book about economics for business leaders.

Real Estate 367

Real Estate Tenants Insurance Construction 367

Eyes on Housing

OCTOBER 28, 2022

of the total in Q3 2022–the smallest share since the fourth quarter of 2007. NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that new home sales financed through FHA numbered 11,000 and accounted for 7.5% The share has dropped by nearly two-thirds since the spring of 2020.

Finance 190

Finance Lending Mortgage 190

Appraisal Buzz

JANUARY 23, 2025

Only now is it returning to 2006-2007 levels, with a typical annual increase of over 1%. has experienced two decades of slow but steady housing market growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic.

Inventory 418

Inventory Supply Chain Construction Housing Market 418

Housing Wire

APRIL 15, 2025

He began his career as a real estate and finance attorney before joining the company in 2007 as general counsel for Kansas City-based ReeceNichols. Kelly will assume the role of president and CEO and brings more than 25 years of experience in the real estate sector.

Real Estate 277

Real Estate Brokerage Finance Clients 277

Housing Wire

APRIL 10, 2025

Licensed since 2007 and a broker associate since 2014, Khosrowabadi has set sales records in cities across Silicon Valley, including San Jose, Los Gatos, Saratoga, Willow Glen and Campbell.

Real Estate 227

Real Estate Agents Brokerage Design 227

Housing Wire

FEBRUARY 3, 2021

If this happens, it would prove a dramatic contrast to that of the financial crisis, in which lenders tightened credit standards from 2007 through 2010, said Curt Long, National Association of Federally-Insured Credit Unions chief economist and vice president of research.

Lending 545

Lending Mortgage Insurance Housing Market 545

Housing Wire

APRIL 26, 2024

This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S. The Energy Independence and Security Act of 2007, signed into law by President George W. Department of Energy (DOE) and HUD itself.

Construction 501

Construction Law Development Finance 501

Housing Wire

MAY 31, 2024

Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09.

Investors 450

Investors Inventory Government Construction 450

Inman

JANUARY 2, 2025

Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall.

Marketing 174

Marketing Realtors Mortgage 174

Housing Wire

OCTOBER 1, 2024

A NAR spokesperson wrote in an email that the trade group is grateful for Johnson’s service which began in 2007. In the email, NAR said it will be hiring additional outside counsel this week, who will have a sole focus on risk assessment.

Legal 482

Legal Realtors Development Business 482

Housing Wire

JULY 2, 2024

She then became Fannie’s associate general counsel for fair lending from 2002 to 2007, and was associate general counsel for customer strategies and consumer law from 2007 to 2009.

Lending 434

Lending Human Resources Law Government 434

Housing Wire

FEBRUARY 10, 2025

But a drop in home prices following the 2007-08 financial crisis led to an influx of foreign buyers in hotter real estate markets across the country, including Los Angeles. Some may have inherited the homes and are not yet sure what to do with them, while others are keeping them off the market as second homes, the report said.

Real Estate Agent 227

Real Estate Agent Real Estate Investing Buyers 227

Housing Wire

SEPTEMBER 1, 2021

Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president. median home price of $207,000.

Realtors 397

Realtors Real Estate Inventory Marketing 397

Housing Wire

MARCH 20, 2023

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.

Retail 370

Retail Loan Officers Mortgage Investing 370

Housing Wire

SEPTEMBER 21, 2023

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.

Inventory 523

Inventory Housing Market Mortgage Marketing 523

Housing Wire

FEBRUARY 9, 2021

He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. McClelland joined Metro Brokers in April of 2008 as the Director of Strategic Growth.

Real Estate 418

Real Estate Technology Realtors Investors 418

Housing Wire

MAY 14, 2021

Not to mention, during the 2007 housing market crash, some had just bought their first homes and unfortunately, lost their homes during the crash. And are hopefully more financially stable than the average 20 something-year-old. But that’s not the only reason this generation is shopping for their dream home now.

Housing Market 544

Housing Market Marketing Buyers Real Estate 544

Housing Wire

NOVEMBER 10, 2022

from 2006 to 2007 and another 20.9% from 2007 to 2008. During that time, total households in the U.S. grew by 16 million — just about 20% growth in the number of households in a time where housing sales were essentially flat for 17 years. The next major downturn, which started in 2006, saw unit sales fall 10.3% from 2008 to 2009.

Mortgage 493

Mortgage Housing Market Lending Finance 493

Eyes on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years.

Construction 174

Construction Design 174

Housing Wire

AUGUST 24, 2020

More than 75% of panelists said the Federal Reserve monetary policy is currently “about right,” the highest approval level since 2007. About 51% supported enacting structural policies to support stronger economic growth, 22% wanted greater spending restraint, while 19% would increase tax revenues.

Business 528

Business 528

Appraisal Buzz

MARCH 27, 2025

Although they are still below the 2007 peak, modest down paymentsthose usually made by first-time homebuyers or those who use government-backed lending choices like FHA or VA loanssaw an increase in payments as well.

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

MAY 8, 2024

million, currently at 1,110,000 As you can see above, inventory grew at a healthy clip in previous decades and then had a parabolic run higher in 2006 and 2007 when active inventory reached 4 million. Just look how lousy credit looked below in 2005, 2006 and 2007 — all before the job-loss recession in 2008.

Inventory 518

Inventory Law New Listings Sellers 518

Housing Wire

MARCH 7, 2022

Attorney members who joined ATG between 1964 and 2007 and their successors have been asked to vote on the merger. For a variety of reasons, we stopped selling shares in 2007. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders.

Insurance 370

Insurance Retail Real Estate Clients 370

Housing Wire

MARCH 7, 2022

Attorney members who joined ATG between 1964 and 2007 and their successors have been asked to vote on the merger. For a variety of reasons, we stopped selling shares in 2007. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders.

Insurance 369

Insurance Retail Real Estate Clients 369

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 441

Supply Chain Housing Market Marketing Inventory 441

Housing Wire

MAY 7, 2025

However, two separate court rulings in 1999 and 2007 limited the MCPAs applicability within regulated industries. In Michigan , Attorney General Dana Nessel has publicly backed enforcement of the Michigan Consumer Protection Act (MCPA). As a result, Michigan has relied heavily on CFPB enforcement.

Mortgage 290

Mortgage Loan Officers Appraisal Investing 290

Housing Wire

MAY 21, 2024

Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. In March , Planet hired Matt Kingsborough as regional sales manager to drive the company’s expansion plans in the western U.S.

Lending 438

Lending Technology Business Finance 438

Housing Wire

AUGUST 2, 2021

Banks reported that standards were the easiest pre-financial crisis (2005 to 2007) and tightest post-financial crisis (2008 to 2010) across all loan categories. However, despite the loosening of standards, they continue to be elevated for residential real estate loan products when compared to standards in 2019, the report noted.

Mortgage 493

Mortgage Lending Loan Officers Government 493