Remove 2007 Remove Contracts Remove Housing Market Remove Sellers
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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. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

Appraisal 418
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Price Adjustments in this New Housing Market

Lamacchia Realty

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.

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Only 70,000 new homes available for sale

Housing Wire

housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. Just like with the existing home sales market, all that is happening is that home sales stabilized from a low level.

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The homebuilders got lucky this time

Housing Wire

They have less competition as they are working from low sales levels in today’s housing market. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates.

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Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

The housing market is cooling-off. Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. As housing demand wanes due to rising mortgage rates and high home prices, the housing market has likely started to balance out.