Appraisal Today

MAY 10, 2024

In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up? If buyers cannot get insurance or it is very expensive, it will affect value.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

AUGUST 5, 2022

Is it headed for a crash like in 2008? Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. percent from 5.74

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? Or are some doing better than others?

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Appraisal Today

MAY 19, 2023

. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008? There were a lot of foreclosure appraisals starting in 2008. Also, in 2008 there were some direct lender opportunities as AMCs had not taken over completely. There are very few direct lender appraisals now.

Appraisal 52

Appraisal Business Contracts Real Estate 52

AmeriMac

MAY 24, 2022

Qualification begins with making sure an appraiser at least meets any applicable state or local requirements, and most AMCs also only contract with appraisers who have standard industry certifications and/or memberships. The segregation that AMCs provide came to light with the post-2008 Home Valuation Code of Conduct (HVCC).

Appraisal 36

Appraisal Lending Finance Appraisal Process 36

Appraisal Today

FEBRUARY 17, 2023

To read more click here My comment : Take a break and scroll down the list to see some great photos! == Staff Layoffs at AMCs By Dave Towne Excerpts: Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” Do buyers react differently based on the price range, size, quality, or other features of the home?

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. Since its establishment in 2008, the firm said it has bought and sold about $12 billion in residential real estate. during the same time.

Mortgage 383

Mortgage Construction Lending Real Estate 383

Appraisal Today

SEPTEMBER 23, 2022

This doesn’t mean every property is worth $45,000 less, but it’s been clear buyers have been resisting paying higher prices.”. Will we see smaller homes more often as first-time buyers flood the market? Work for buyer, seller, or both. Minus: Sometimes differences of opinion between buyer and seller. To be determined.

Appraisal 52

Appraisal Marketing Business Contracts 52

Housing Wire

MARCH 7, 2022

Bidders were required to be cash buyers, or more precisely cryptocurrency buyers, or – more precisely still – have a virtual wallet on the Ethereum blockchain. Generally, listing agents extract a commission from the homeseller and then split it with the buyer’s agent. It represented LLC ownership of the property.

Real Estate 481

Real Estate Law Inspection Agents 481

Housing Wire

DECEMBER 7, 2020

2) Tighten lending standards, so there are fewer buyers that qualify for the existing inventory. This, too, could have the effect of dampening demand, so fewer buyers would be chasing the existing inventory. This is a terrible idea that would force homeowners most affected by the COVID crisis to help others be homebuyers.

Inventory 545

Inventory Construction Government Housing Market 545

Cleveland Appraisal Blog

MARCH 18, 2021

Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. WHAT SHOULD AN APPRAISER DO?

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Appraisal Investors Buyers Market Value 195

Appraisal Today

MAY 12, 2023

Most buyers were tech people from the Bay Area. If not working use this link [link] An oldie from 2008 but a goodie ;> A blast from the past, pre-HVCC!! Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical.

Appraisal 52

Appraisal Architecture Business Contracts 52

Simonson Real Estate

JANUARY 25, 2022

Several brokers shared very strong demand exists from buyers. Lenders want to lend. Buyers want to buy. Some are seeing significant capital contraction in rent control markets. Lenders have pulled back or reduced appetite on lending in Minneapolis and St. Will this strong market continue?

Marketing 131

Marketing Construction Real Estate Lending 131

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements. Let’s take a look at it from basically both sides.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JULY 29, 2022

Spiking housing supply & fewer buyers. This is actually about fewer buyers getting into contract. In previous price declines, such as 2008, the percent decline varied significantly. Two days later, the FOMC upped the discount rate, the Fed’s primary lending rate to commercial banks, by 50 basis points to 10.5%.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. This time last year, buyers were aggressively scooping up available homes before the predicted increase in mortgage interest rates.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

MAY 9, 2022

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. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home. MAY HOUSING UPDATE.

Architecture 36

Architecture Design Buyers Construction 36

Appraisal Today

SEPTEMBER 17, 2022

The 30-year fixed mortgage rate hit the six percent mark for the first time since 2008 – rising to 6.01 Government loans, which tend to be favored by first-time buyers, bucked this trend and increased over the week, driven mainly by VA and USDA lending activity.”. The average contract interest rate for 5/1 ARMs increased to 4.83

Appraisal 52

Appraisal Construction Contracts Insurance 52