Housing Wire

AUGUST 3, 2022

While taking with Clayton Collins, CEO of HW Media, he used the term “elasticity” when describing the housing market and mortgage employment. Some closed in 2008 crash. Some just got too big, so when markets changed, they didn’t have a way to support the staff. In 20 years, I have been laid off about 18 times.

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Mortgage Contracts Human Resources Training 376

Housing Wire

SEPTEMBER 29, 2022

Following the Fed’s decision to raise the federal funds rate by another 75 bps, to 3%-3.25%, bringing it back to a level last seen in March 2008, mortgage rates past the 7%-level as of September 27, according to Mortgage News Daily. How lenders can improve business models in 2022. from the previous week.

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Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Be Patient.

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Sellers Housing Market Marketing Inventory 69

Housing Wire

FEBRUARY 27, 2024

Or purchase just the data and the platform, and do the mailing and marketing yourself. Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008.

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Advertising Tools Real Estate Sellers 389

Housing Wire

MARCH 15, 2023

“While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.” It was the biggest bank failure since Washington Mutual collapsed in 2008. Rates for jumbo loan balances (greater than $726,200) went from 6.49% to 6.39% in the same period.

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Mortgage Clients Retail Marketing 367

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

APRIL 7, 2023

Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t. Let’s keep the 2008 market where it belongs — in the past. When this back and forth was unfolding, mortgage demand rose 2.9%

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Retail Real Estate Clients Modernization 368

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the MBS market just prior to the housing market crash some 15 years ago exceeded 50% — with the balance being MBS issued by Fannie Mae , Freddie Mac and Ginnie Mae, or agency issuance. By 2012, in the wake of the global financial crisis, private-label MBS market share had shrunk to 1.83%.

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Marketing Mortgage Investors Legal 379

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Get a free home valuation for your house and trends in your neighborhood.

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Appraisal Buzz

MAY 17, 2021

No matter how much pressure is placed upon appraisers, our job is to analyze the market and use the most appropriate comparable sales, not the ones that “make” the deal. Each of these points is reminiscent of the previous market run-up in terms of what the appraiser’s face. We are seeing that as a profession again.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. There are 345,000 single-family homes in the contract pending stage. In this chart the height of each bar is the total count of homes in contract. There were still 390,000 single-family homes under contract last year mid-September.

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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. ==. My Comments on Market Changes. TRACK AND GRAPH THE NUMBER OF LISTINGS VS. PENDINGS AND EXPIREDS, DAYS ON THE MARKET, PRICE CHANGES, ETC. .

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Appraisal Today

MAY 10, 2024

To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. There is no integrity in that. percent from 7.29

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. Whenever the days on the market fall to a teenager level, nothing good happens in housing.

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Housing Market Inventory Contracts Marketing 439

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.”

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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.

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Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

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Contracts Modernization Housing Market Mortgage 414

Appraisal Today

AUGUST 5, 2022

The housing market is cooling-off. Is it headed for a crash like in 2008? As housing demand wanes due to rising mortgage rates and high home prices, the housing market has likely started to balance out. The 2008 crash was caused by fraudulent mortgage loans to unqualified buyers. Find out why not.

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Appraisal Valuation Contracts Modernization 59

Housing Wire

DECEMBER 13, 2022

When looking at what market will be “the next Austin ,” Yun identified the Atlanta-Sand Springs-Marietta, Georgia as the top market expected to outperform other metro areas in 2023. Fraud risk continues to rise even as the market contracts . Back in 2008 there were 8 million job losses in a single year,” Yun said.

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Realtors Mortgage Housing Market Real Estate 404

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple reason for this: it’s not 2008. While the two charts above are falling noticeably, housing completion data is slowly moving up.

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Construction Housing Market Inventory Mortgage 501

Housing Wire

FEBRUARY 24, 2024

As mortgage rates rise, there is weakness in demand and homes don’t go into contract immediately. Weekly new listing data for the last week over the previous several years: 2024: 51,381 2023: 44,864 2022: 48,979 For some historical reference, during 2008-2011, new listings data was growing between 250,000-400,000 per week.

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Mortgage Inventory New Listings Housing Market 472

Appraisal Today

MARCH 15, 2024

However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.37

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Appraisal Inspection Modernization Business 70

Listing Spark

NOVEMBER 17, 2022

What are the numbers saying about the short-term future of the housing market. How to look at the real estate market heading into 2023. What advantages and leverage do buyers have in the current housing market. Why the 2008 housing crisis is different than what’s going on in the market today.

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Real Estate Mortgage Buyers Sellers 36

Birmingham Appraisal

MARCH 21, 2023

Since the housing crash in 2008, there has been limited new construction of homes which has negatively impacted the amount of housing supply. The contract price of many homes was much more than their original list price due to bidding wars from desperate buyers.

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Real Estate Appraisal Marketing Market Value 83

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA). during the same time.

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Mortgage Construction Lending Real Estate 382

Appraisal Today

AUGUST 4, 2023

With AMCs taking over residential appraisals starting in 2008, there is much more additional stress from fee competition, which had never occurred before, even during the down cycles. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.93 percent from 6.87

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Appraisal Business Contracts Real Estate 72

Appraisal Today

SEPTEMBER 30, 2022

in 2007-2008, few appraisers used them. acre property complete with the castle and carriage house is on a riverbank. Excerpts: Housing trends are changing by the week, and it’s time to start believing the Fed when they talk about resetting the housing market. percent, its highest level since mid-2008.

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Appraisal Inspection Easement Contracts 52

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

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Mortgage Property Taxes Investors Buyers 370

Patch of Land

OCTOBER 16, 2018

The question is: how should this affect your expectations as a house flipping investor? Does a Slowdown in Housing Mean Less Profits as a House Flipper? This means that demand will remain high and even a downturn in housing would not result in an all-out crash like the one in 2008, but simply “less upward pressure on prices.”.

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Investing Inventory Housing Market Contracts 45

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. months and builders paused construction, the fear became has housing peaked. New Home Supply.

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Inventory Construction Government Housing Market 545

Housing Wire

SEPTEMBER 3, 2022

Even though the builders are going to stop producing new single-family homes that aren’t already under contracted, they need to have the labor to finish the homes that have been started on or under contract and not started on yet. We aren’t there yet, but now is the time to be mindful of it.

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Contracts Construction Marketing Design 464

Appraisal Today

SEPTEMBER 23, 2022

This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. percent – the highest since October 2008,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. “As

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Appraisal Marketing Business Contracts 52

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. When you look at just the new sales each week, you can see how the pace of the market has recovered. In 2022 there were 418,000.

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Inventory Contracts Buyers Mortgage 363

Housing Wire

OCTOBER 20, 2022

regions experiencing month over month contractions. “The current lack of supply underscores the vast contrast with the previous major market downturn from 2008 to 2010, when inventory levels were four times higher than they are today.” from August to September, with three out of four major U.S. million from 6.18

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Inventory Mortgage Contracts Realtors 387

Housing Wire

MAY 18, 2022

housing economy because the demand curve we have had in America is more accurate. This demand curve prevents a boom and bust cycle from happening, as we saw from 2002 to 2008. owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,819,000. This is a huge positive for the U.S.

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Mortgage Construction Contracts Housing Market 462

Housing Wire

MARCH 17, 2022

Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years. Housing starts data, like new home sales data, can be wild month to month, so the trend is always more important than any one report and the revisions are critical. has the most prolific housing demographic patch in history.

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Construction Housing Market Inventory Buyers 455

Housing Wire

FEBRUARY 21, 2023

million units for the year – a level similar to the annual pace that occurred in 2008-2011 period. trillion as the housing market recovers from the predicted recession. trillion in 2024, a substantial contraction from Fannie Mae’s estimated volume of $2.36 The agency now expects 2023 purchase volumes to be $1.3

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Inventory Mortgage Housing Market Contracts 380