Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. When mortgage rates rise, two things always happen here in America.

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Housing Market Buyers Mortgage Marketing 527

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. million homes bought and sold in the U.S. According to data from Statista , there were roughly 5.95 last year.

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Loan Officers Real Estate Agent Real Estate Finance 393

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

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Insurance Housing Market Marketing Agents 370

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.

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Appraisal Investing Buyers Renovations 249

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?

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Real Estate Inventory Home Value Buyers 36

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. According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." There weren't near as many buyers.

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Real Estate Marketing Inventory Home Value 45

Birmingham Appraisal

MARCH 21, 2023

If there is high demand for properties in a particular area, it can lead to a higher appraisal value. Similarly, if there is a low demand for properties in an area, it can lead to a lower appraisal value. Over the past several years we had a big increase in demand due to buyers taking advantage of lower interest rates.

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Real Estate Appraisal Marketing Market Value 86

Eppraisal

JANUARY 17, 2023

Real Estate Investors by Default Some homeowners became investors in the years following the 2008 crash because they were underwater when it came to the value of their homes. Home values have increased by double digit percentages year-over-year over the past couple years. This happened practically by default.

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Investing Real Estate Landlords Investors 36

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? In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. If you’re an Austin home buyer, there is a lot of good news.

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Housing Market Real Estate Marketing Buyers 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.

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Appraisal Marketing Contracts Buyers 66

Zillow

JUNE 20, 2018

Getting a mortgage can be a breeze or a slog, depending on what you know about the process. To get organized and set your expectations properly, let’s debunk some common mortgage myths. Rates are tied to daily trading of mortgage bonds, so most lenders' rates change throughout each day. Lenders use your best credit scores.

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Mortgage Real Estate Agent Real Estate Insurance 36

Eppraisal

APRIL 21, 2023

Certainly, the failures of recent weeks do not compare to the largest in history: Washington Mutual Bank in 2008, when a bank holding $307 billion in assets was subject to $17 million in withdrawals by depositors within 10 days. This can lure buyers into the market because the cost of financing is less prohibitive.

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Lending Housing Market Marketing Real Estate 28

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. It’s expected that a prospective buyer might see rising home prices as being less affordable.

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Clients Sellers Loan Officers Real Estate 62

Housing Wire

MARCH 23, 2022

Year-over-year, new home sales were down 6.2% Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. in February. months supply. after a 10.4%

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Supply Chain Housing Market Buyers Construction 382

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = There were a lot of foreclosure appraisals starting in 2008. I understand completely.

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Appraisal Business Contracts Real Estate 52

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. The number of potential buyers will decrease as rates go up in many markets.

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Appraisal Contracts Real Estate Mortgage 52

Eppraisal

OCTOBER 5, 2022

Now that the real estate market is transitioning with softening sales and rising interest rates, it is important to be in the know as a home buyer. As a buyer in a transitioning market, you have more to prepare for. Premium Prices The housing market continues to display high, premium home prices.

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Buyers Real Estate Agent Marketing Sellers 68

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? Remember: real estate is hyper-local!

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Housing Market Marketing Real Estate Realtors 68

Eppraisal

SEPTEMBER 20, 2021

Those preparing to reap that return have reason to be glad these days -- home values averaged $676,000 nationwide in June of 2021. Certain realities should be considered when setting expectations for the long-term values of residences. How Many Are Seeking Homes?

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Home Value Sellers Investing Finance 36

DW Slater Company

FEBRUARY 23, 2023

The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Some may have a bit of PTSD from the 2008 Housing crash but just know that this is a different market with different factors impacting it. So what’s happening in the housing markets here?

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Inventory Marketing Supply Chain Appraisal 128

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.

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Inventory Housing Market Construction Real Estate 78

Birmingham Appraisal

JANUARY 11, 2023

The higher rates resulted in larger mortgage payments which took many buyers out of the market. The dynamics of supply and demand dictate that as demand decreases (because buyers are leaving the market due to higher mortgage payments) prices will drop. How Will The Coronavirus Effect Birmingham Home Values?

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Housing Market Marketing Inventory Sellers 83

Lamacchia Realty

NOVEMBER 29, 2023

High-cost areas, where 115% of the median home value is higher than the loan limit, will rise to $1,149,825- last year was the first time ever that the limit exceeded a million dollars. The law mandated that the baseline could only rise after home prices returned to pre-recession levels. Additional Resources What Is a Buydown?

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Realty Law Home Value Government 64

Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. Congratulations, frustrated home buyers ! That’s not going to happen.

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Marketing Sellers Buyers Inventory 59

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. National mortgage originations closed the year at less than $1.5

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Real Estate Sellers Home Value Inventory 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. Mortgage rates are doing likewise. Will There Be Another Credit Crisis?

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Home Value Advertising Finance Government 36

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.

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Real Estate Marketing Real Estate Agent Realtors 36

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.

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Marketing Sellers Buyers Real Estate 36

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. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. short of providing homes for purchase to those who want one. >>

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Sellers Marketing Supply Chain Construction 36

Housing Wire

DECEMBER 20, 2021

The company, through its Sequoia program, has been particularly adept at working in the jumbo loan market — securitizing some $30 billion worth of high-balance loans across 76 private-label deals since 2008, according to company officials. In our whitepaper, we identify a number of counties across the U.S.

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