Remove 2007 Remove Construction Remove Mortgage Remove Open Houses
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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. Some mortgage companies are helping RSU holders to include this potential future income in the formula to determine a buyer’s credit worthiness. And many of the new projects are larger than in years past.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. in 2007-2008, few appraisers used them. I used Hypothetical Assumptions for new construction, of course. =.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

In a market that favors buyers, sellers and their realtors have to put in a much greater effort to make their homes stand out through means of social media, open houses, and advertisements. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. How Is My Neighborhood Doing?

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. This is anecdotal data, but it supports the Houston real estate market trends we see above: In the aftermath of the 2007/2008 financial crisis, we saw a flight to quality in nearly every asset class. Quality of construction.