Housing Wire

MAY 31, 2022

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.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. Varies widely around the country. == Mortgage applications increased 1.1

Appraisal 90

Appraisal Real Estate Contracts Business 90

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

DECEMBER 13, 2022

Fraud risk continues to rise even as the market contracts . Although the housing market slowdown and drop in prices has meant that more and more borrowers are underwater on their mortgage , Yun anticipates that foreclosure rates will remain at historically low levels in 2023, remaining less than 1% of all mortgages next year.

Realtors 404

Realtors Mortgage Housing Market Real Estate 404

MN Real Estate Services

JUNE 24, 2016

Perhaps due to Brexit, financing costs for mortgages are now at 3 year lows. Mortgage applications up 3% on lowest rates in three years. Total mortgage application volume increased 2.9 million units last month, the highest level since February 2007. percent last week on a seasonally adjusted basis from the previous week.

Finance 78

Finance Realtors Real Estate Retail 78

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 390

Lending Real Estate Agent Loan Officers Retail 390

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Housing Wire

MAY 23, 2023

Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. Now that mortgage rates have hit 7%, the question is whether the builders can continue to keep this slow uptrend in sales going.

Inventory 516

Inventory Housing Market Construction Marketing 516

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 382

Lending Mortgage Real Estate Loan Officers 382

Housing Wire

FEBRUARY 16, 2023

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. economy isn’t in recession today, and mortgage rates have risen almost 1% from the recent lows.

Construction 511

Construction Housing Market Inventory Mortgage 511

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. How likely that is, though, I don’t even know how to handicap.”

Marketing 390

Marketing Investors Mortgage Finance 390

Appraisal Today

SEPTEMBER 30, 2022

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. Chuck Norris eats 7% mortgage rates for breakfast. Excerpts: The 1.76-acre

Appraisal 52

Appraisal Inspection Easement Contracts 52

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 368

Inventory Contracts Buyers Mortgage 368

Housing Wire

DECEMBER 19, 2022

Since May of 2020 we have seen growth accelerating faster than the national average and this happened as well from 2003 to 2007, but then our decline was also accelerated. And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.”

Marketing 376

Marketing Inventory Buyers Housing Market 376

Housing Wire

JULY 7, 2022

First, it will be the openness and choice that lenders will have, as we at ICE have consistently demonstrated our commitment over the past 20 years to access and transparency in the mortgage industry, which we plan to extend to the Black Knight business. . I believe that Black Knight contracts are similarly structured. .

Modernization 410

Modernization Technology Investing Mortgage 410

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Houston Properties

JANUARY 13, 2021

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%.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

DECEMBER 22, 2023

NOTE: Please scroll down to read the other topics in this long blog post on answering your phone, appraiser censorship, bias, how to do graphs, unusual homes, mortgage origination stats, etc. Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. Mortgage applications decreased 1.5

Appraisal 76

Appraisal Business Contracts Real Estate 76

Listing Spark

OCTOBER 27, 2022

I sold a lot of houses at 7% in 2005 through 2007 or six and a half percent and that was fine. I just had a closing this month where the buyer was a business owner, which makes a complicated mortgage situation. Apparently the seller had stopped paying their mortgage payment and the house was sold at a foreclosure auction.

Real Estate 36

Real Estate Sellers Buyers Real Estate Agent 36

Appraisal Today

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M Varies widely around the country. == Mortgage applications decreased 4.2 percent from 13.8

Appraisal 77

Appraisal Real Estate Agent Agents Real Estate 77

Appraisal Today

OCTOBER 21, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on retirement, liability, ADUs, appraiser cartoon, real estate market, Appraisal business, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. Some are busy, usually with non-lender appraisals. == Mortgage applications increased 2.8 The 30-year fixed mortgage rate remained at 7.61

Appraisal 70

Appraisal Modernization Training Business 70

Lamacchia Realty

MARCH 26, 2024

The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. Remember, buyers think in terms of their monthly payments, not the total mortgage cost, so understanding what buyers will need to spend monthly to purchase your home can be advantageous for sellers.

Bracketing 61

Bracketing HOA Sellers Buyers 61

Will Springer Realtor

MAY 9, 2023

It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. They’re sitting comfortably at home enjoying mortgages with historically low interest rates and little incentive to move. Where are all the sellers?

New Listings 59

New Listings Inventory Buyers Sellers 59

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low.

Marketing 67

Marketing Sellers Buyers Inventory 67

Will Springer Realtor

JANUARY 11, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs. As noted earlier, the complaint by Insignia’s owners claims a breach of the Washington Condominium Act, specifically with respect to contracts and warranties. The 1-acre estate includes 6-bedroom, 5.25-baths

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

OCTOBER 10, 2023

At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007. on the year. than 7.0%. “The

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. Mortgage rates higher than in recent years exacerbate the lock-in effect in the resale housing market. Then, mortgage rates may follow higher.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Assurance Financial

NOVEMBER 9, 2021

This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. Tips for Selling in a Seller’s Market.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

MAY 9, 2022

“This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Kitchen and bath professionals are reporting 3.9-month

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Houston Properties

JANUARY 12, 2022

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. As home prices increase over time, it lowers the loan value of any mortgage debt. It’s a case-to-case basis.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

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. million mortgages in Q2, a 3% drop from Q1, marking the first time since early 2020 that the total number of home mortgages decreased. year-on-year.

Construction 36

Construction Inventory Buyers Real Estate 36