Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

Loan Officers 384

Loan Officers Real Estate Agent Real Estate Finance 384

Eppraisal

AUGUST 9, 2022

This was a similar story back in 2008. Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Sound familiar?

Real Estate 36

Real Estate Inventory Home Value Buyers 36

Lamacchia Realty

NOVEMBER 29, 2023

Loan limit increases are correlated to rising prices- the national average home sale price rose by 5.56% which helped determine the 5.5% The rise in prices in 2023 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand. increase in limits for 2024.

Realty 68

Realty Law Home Value Government 68

Cleveland Appraisal Blog

APRIL 29, 2021

Buying a property is not just about creating a home, it is making a long-term investment. Generally speaking, real estate is one of the most secure investments you can make, and bar any situations like the crash in 2008, you are pretty much guaranteed a constant increase in value and desirability. What Buyers Look For.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Housing Wire

AUGUST 28, 2020

So the products I’ve put into this category are really focused on either helping agents win listings or helping them convert lookers into buyers. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools.

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Tools Sellers Real Estate Contracts 240

Lamacchia Realty

JUNE 10, 2022

Despite all of it competition is still strong, and buyers are still out there, but with average prices increasing also at historic rates since 2020 and with the cost increase of borrowing, a shift in the market is happening. Congratulations, frustrated home buyers ! That’s not going to happen.

Marketing 62

Marketing Sellers Buyers Inventory 62

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8%

Real Estate 45

Real Estate Marketing Inventory Home Value 45

Eppraisal

MAY 12, 2021

This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. NAR statistics cite that across the country the average number of offers on an existing home is between two and six. Buyers are placing their best offers to get sellers to choose them.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Birmingham Appraisal

JANUARY 11, 2023

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. The higher rates resulted in larger mortgage payments which took many buyers out of the market. The volume reminds me of what we saw in 2007-2008 during the recession.

Housing Market 83

Housing Market Marketing Inventory Sellers 83

Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. Some markets were affected more than others. trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. If a buyer paid ‘X’ amount for a property similar to the one being appraised then other buyers will probably pay a similar price for the subject property.

Appraisal 66

Appraisal Marketing Contracts Buyers 66

Listing Spark

OCTOBER 13, 2022

Days on the market are up, home prices are down, but it’s not all doom and gloom. What should buyers and sellers be doing right now? There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. Or are some doing better than others?

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Eppraisal

AUGUST 16, 2022

Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders. As of July of 2022, applications for home financing -- especially refinances -- sit at a 22-year low.

Home Value 36

Home Value Advertising Finance Government 36

Cleveland Appraisal Blog

FEBRUARY 4, 2021

”, posted by EarthSky in Human World , according to the National Oceanic and Atmospheric Administration, from 2008 to 2018, our groundhog friend has only been accurate 40% of the time. While these sites offer some great information, when it comes to the accuracy of home values, they are all over the place.

Advertising 198

Advertising Valuation Appraisal Renovations 198

Houston Properties

JANUARY 12, 2022

SUMMARY: Our greatest concern is that last year’s euphoria (home sales are up 13% and total dollar volume is up 28%) led to some really risky deals that violated the 9 Kisses of Death – the 20-year research study of what NOT to buy in Houston. Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Get PDF Now.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. If there’s a surge of foreclosures, will home values start to decline?

Clients 62

Clients Sellers Loan Officers Real Estate 62

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. The data below covers the “average Houston home.” Buyers Beware? Buyers Beware?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

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

Appraisal Today

JUNE 17, 2022

The number of potential buyers will decrease as rates go up in many markets. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. Computer modeling did not predict the 2008 crash. Did anyone think in early 2020 that home values all over the country would go off the charts?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

DECEMBER 8, 2021

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values.

Sellers 36

Sellers Marketing Supply Chain Construction 36