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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. Today I want to share a stunning supply visual for Sacramento, and talk briefly about what’s happening with sellers and prices. 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. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

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How housing credit is shaping housing inventory

Housing Wire

Since most sellers are buyers, inventory should be stable if demand is stable. 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. So you can see why we have so few stressed sellers.

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Data breach at Nations Direct Mortgage impacts 83,000 borrowers

Housing Wire

Founded in 2007, Nations Direct Mortgage is a direct seller to Fannie Mae , Freddie Mac and Ginnie Mae , according to its website. The wholesale lender notified impacted individuals of the data breach at the end of February. Customers were notified of the protection services earlier this month.

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Homepie CEO Brad Rice on making FSBO easier

Housing Wire

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. Traditionally, your FSBO seller just doesn’t want to work with agents and we show them that they’re missing out on a big segment of the market.

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Opinion: Riding the wave

Housing Wire

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition.

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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.”

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