Remove 2008 Remove Contracts Remove Inventory Remove Lending
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices.

Realtors 397
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Housing Market 2022: 10 Tips for Sellers

Listing Spark

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. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster.

Sellers 69
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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

. = 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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How to grow housing supply in 2021

Housing Wire

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545
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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

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

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The End of Lender Appraisals?

Appraisal Today

However, high mortgage rates and limited affordable inventory keep exerting pressure on potential homebuyers. Unless there are improvements in affordability and inventory, the market dynamics will likely stay consistent. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.85

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations.