Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. Confused by this?

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

SEPTEMBER 13, 2022

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. As you can see, even though purchase application is below 2008 levels, total inventory is far from the peak levels we saw in 2007 of over 4 million listings, currently we’re at 1,310,000.

Mortgage 516

Mortgage Inventory New Listings Sellers 516

Housing Wire

APRIL 30, 2023

We have to remember that a conventional seller is usually also a traditional buyer, so new listings growing toward their seasonal peak throws cold water on the idea that no one will list their homes because they already have a low mortgage rate (the mortgage rate lockdown theory). didn’t go into recession until 2008.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

JULY 15, 2022

Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. Disrupters” that believe that wedging their way between the Realtor and his or her database is what is best for buyers and sellers. ” HousingWire: What has been your biggest learning opportunity?

Real Estate 391

Real Estate Realtors Brokerage Business 391

Housing Wire

APRIL 16, 2023

Mortgage rate volatility was so wild in the second half of 2022 and even this year that some home sellers are gun-shy in listing their homes, since they will be buying another one. In 2007, when sales were down big, total active listings peaked at over 4 million. This is one reason housing inventory has taken so long to bottom out.

Inventory 537

Inventory Housing Market Marketing New Listings 537

Housing Wire

JANUARY 25, 2023

in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% They eased below 6.5% most likely by mid-year.

Housing Market 424

Housing Market Marketing Inventory Sellers 424

Miller Samuel

JULY 25, 2020

Here's a shoutout to Jim Amorin and Leslie Sellers as you are reading this right now - - here's a refresher on Appraisal Institute history. Like Craig Steinley, the 2007 victim of the unethical petition process I've covered over the previous two weeks, Anne L. Then you can look forward to each issue every Friday at 2pm New York Time.

Appraisal 195

Appraisal Sellers Law Government 195

Housing Wire

JANUARY 18, 2023

You need a buyer and seller,” Brown said. “We expect profitability to remain challenging in the near term as the industry capacity slowly adjusts to lower originations,” Bhattacharya said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).

Housing Market 441

Housing Market Marketing Insurance Mortgage 441

Housing Wire

JANUARY 16, 2023

This is a problem for the existing home sales market since a traditional seller is usually also a buyer, so the lack of listing growth was a big hit to demand. As you can see below, the waterfall dive in existing home sales has taken us toward the level of 2007-2008 monthly home sales. Same week last year: (Jan.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage.

Buyers 450

Buyers Mortgage Loan Officers Retail 450

Lamacchia Realty

JANUARY 10, 2024

Anthony Lamacchia Broker/Owner Heidi has been successfully helping buyers and sellers find success since 2007, armed with her vast industry experience, resources, and the continuous education she pursues – all to benefit her clients!

Realty 73

Realty Clients Insurance Agents 73

Housing Wire

MAY 4, 2022

The only period when the median sale price was greater than house-buying power was from 2005 through 2007, indicating an overvaluation of housing, or a “housing bubble.” Some buyers will pull back from the market and sellers will adjust their price expectations, which will prompt house prices to adjust.

Housing Market 379

Housing Market Finance Marketing Mortgage 379

Housing Wire

NOVEMBER 18, 2022

A traditional seller is primarily a homebuyer, so not only do we lose the inventory for sale when this happens, but we also lose a buyer. million, with a peak in 2007 a tad over 4 million. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. This is not a positive for the housing market.

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

MARCH 23, 2021

Due diligence to verify the destination account of an escrow or down payment is also essential, since such transfers can’t be undone, and there is little recourse for seller or buyer once the sum is gone. Banks have no choice but to honor these loans and, in the 2007 financial crisis, we saw the devastating consequences.

Lending 440

Lending Mortgage Sellers Development 440

Miller Samuel

JULY 3, 2020

Leslie Sellers was on the board then and was quite upset that he did not get the nomination but was able to vote for himself using this maneuver. Then 2010 president Leslie Sellers was the reason I disassociated with the Appraisal Institute in 2010 after he withdrew AI from the Appraisal Foundation for no stated reason that made sense.

Appraisal 300

Appraisal Sellers Design Valuation 300

Housing Wire

FEBRUARY 16, 2022

He said the outlook for MSR assets “remains very strong, driving [price] multiples to very attractive levels for prospective sellers.”. “As The bank also has been a net seller of MSRS in recent years, posting MSR net sales totaling nearly $2 billion combined for 2020 and 2021 — and $20.9 billion in 2020 to $138.4 billion for 2019.

Marketing 381

Marketing Mortgage Sellers Valuation 381

Listing Spark

JUNE 27, 2023

National Landscape: Indications of a Seller’s Market As detailed in a recent article by Matt Carter published on June 9, 2023, a national sentiment heavily favoring sellers prevails 1. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.”

Real Estate 69

Real Estate Sellers Inventory Marketing 69

Housing Wire

JUNE 25, 2023

The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. million The peak in 2007 was a bit over 4 million Currently we’re at 1.08 In addition, new listing data turned negative year over year after the second half of 2022.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. Since we never had any exotic loan debt products in the system post-2010, you don’t see foreclosures and bankruptcies rising even as the expansion was moving along like what we saw in 2005, 2006, 2007 and 2008.

Inventory 382

Inventory New Listings Law Housing Market 382

Lamacchia Realty

OCTOBER 25, 2023

Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.

Bracketing 69

Bracketing Marketing Sellers Buyers 69

Lamacchia Realty

JUNE 21, 2022

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.

Housing Market 68

Housing Market Bracketing Marketing Sellers 68

Housing Wire

DECEMBER 29, 2022

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Appraisal Buzz

MARCH 25, 2024

in 2021, hitting the worst level since 2007. “In As that happened, the profit gap between investors and all sellers gradually widened. The average gross profit for a typical home flip in 2023 fell to $66,000, down from $70,100 in 2022, ATTOM says. The average rate of return on a typical home flip was 27.5%. That’s down from 28.1%

Renovations 334

Renovations Investors Inventory Sellers 334

Housing Wire

APRIL 23, 2024

In 2007, right around the time he started Altos Research, he was attending a conference where representatives of both companies were speaking. I believe that our obligation is to communicate with the data for everybody in the cycle, from the biggest players down to every single homebuyer and seller,” Simonsen said.

Inventory 375

Inventory Housing Market Sellers Marketing 375

Lamacchia Realty

AUGUST 3, 2021

Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.

Bracketing 69

Bracketing Sellers Buyers Inventory 69

Listing Spark

JUNE 16, 2023

.” [00:04:36] Austin real estate sales volume and velocity in April 2023 Austin’s housing market in April saw a decline in new listings and sales volume, but the market remains a seller’s market. Texas home sellers are hesitant to list, while existing median home prices have dropped slightly.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? We’ll dive into how the current real estate market is affecting buyers, sellers, and investors with Ellen Steele, a Realtor with ListingSpark that has had over $10M in sales in the last 12 months.

Real Estate 36

Real Estate Sellers Buyers Real Estate Agent 36

Lamacchia Realty

NOVEMBER 3, 2021

Accordingly, Lisa was named a real estate All-Star in the Northshore Magazine for being able to expertly assist both buyers and sellers on the North Shore. Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 68

Realtors Realty Real Estate Agents 68

Lamacchia Realty

AUGUST 9, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. Click here to learn more about Cyndi: Cyndi Deshaies Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

Realtors 66

Realtors Realty Real Estate Clients 66

Housing Wire

JULY 26, 2023

During the housing bubble crash years, active listings grew to more than 4 million in 2007 because most of the inventory in the U.S. NAR active listings data (see chart below): 2007: 4 million active listings 2023: 1.08 comes from the existing home sales market. months to 7.4 year-over-year sales growth for new homes.

Inventory 363

Inventory Construction Sellers Marketing 363

Lamacchia Realty

JANUARY 16, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realtors 74

Realtors Realty Real Estate Agents 74

Lamacchia Realty

JUNE 6, 2022

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. Click here to learn more about Eileen Doherty Darlene Umina has been a REALTOR® since 2007 and with Lamacchia since 2014. She leads The Umina Group, out of Framingham MA.

Realtors 68

Realtors Realty Real Estate Clients 68

Lamacchia Realty

MAY 5, 2023

Click here to learn more about Bea: Bea Murphy Heidi Weed has been helping buyers and sellers throughout the process by sharing her experience, tools, and resources since 2007. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realtors 74

Realtors Realty Clients Real Estate 74

Housing Wire

APRIL 9, 2023

In 2007, when sales were down big, total active listings peaked at over 4 million. Today, even though sales were trending at 2007 levels, we are at 980,000 total active listings per the last existing home sales. We have natural sellers every year in the U.S., but now U.S.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

Housing Wire

FEBRUARY 16, 2023

However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. The builders will pull back on construction when the supply is 6.5 months and above.

Construction 516

Construction Housing Market Inventory Mortgage 516

Lamacchia Realty

JANUARY 5, 2023

Accordingly, Lisa was named a real estate All-Star in the Northshore Magazine for being able to expertly assist both buyers and sellers on the North Shore. Darlene Umina has been a REALTOR® since 2007 and with Lamacchia since 2014. To learn more about AJ, click here: AJ Bruce. Watch AJ’s bio video by clicking here.

Realtors 73

Realtors Realty Real Estate Agents 73

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively.

Construction 502

Construction Inventory Marketing Buyers 502