Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. An example of this in real estate appraisal is the purchase and sale contract. January 17, 2024) — Mortgage applications increased 10.4

Appraisal 75

Appraisal Contracts Real Estate Architecture 75

Listing Spark

NOVEMBER 17, 2022

Sellers are also willing to offer concessions. What mortgage options should you be looking out for? We’ll dive into everything you need to know about current rates and loan products, with Justin Hrabovsky, top 1% mortgage lender. What can historic mortgage rates teach us about expectations for current rates.

Real Estate 36

Real Estate Mortgage Buyers Sellers 36

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates. What to expect with the Fed ?

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Mortgage interest rates ALWAYS go up and down. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I sold my big house in March 2008.

Appraisal 89

Appraisal Training Inspection Real Estate 89

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. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage 384

Mortgage Construction Lending Real Estate 384

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc. Find out why not.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

Appraisal 74

Appraisal Business Contracts Real Estate 74

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? How to vet real estate agents as a seller.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers.

Appraisal 83

Appraisal Agents Real Estate Real Estate Agent 83

Housing Wire

OCTOBER 12, 2022

The latest forecast also projects total mortgage origination activity at $1.6 The mortgage market is projected to slip further to $1.3 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.”.

Contracts 421

Contracts Modernization Housing Market Mortgage 421

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 485

Real Estate Law Inspection Agents 485

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 the factors that affect this change are not taken into consideration when pricing a home for sale then the appraisal and the contract price may not line up.

Appraisal 65

Appraisal Marketing Contracts Buyers 65

Appraisal Today

SEPTEMBER 23, 2022

Sellers Chasing the ball down the road in real estate. NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc. Work for buyer, seller, or both. Minus: Sometimes differences of opinion between buyer and seller.

Appraisal 52

Appraisal Marketing Business Contracts 52

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. Let me be honest here: we got lucky as a country.

Construction 521

Construction Housing Market Inventory Marketing 521

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 471

Housing Market Inventory Contracts Marketing 471

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” They always come in at exactly the contract price.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. However, Skapinetz theorizes that the business model of appraisers changed substantially after the 2008 real estate crash in a post Dodd-Frank and HVCC world.

Appraisal 52

Appraisal Architecture Valuation Business 52

Housing Wire

SEPTEMBER 19, 2023

Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. We’re hearing people imagine 8% mortgage rates. What’s happening? That’s a 1.9%

Housing Market 450

Housing Market Marketing Inventory New Listings 450

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 370

Inventory Contracts Buyers Mortgage 370

Houston Properties

JANUARY 13, 2021

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. Avoid 9 Costly Mistakes Sellers Make. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. And I found sales that supported the contract price that had sold within the past month. This is despite the considerably higher mortgage interest rates.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

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. Whether or not the seller makes a lot of money on the deal is none of my concern. The buyer would immediately be upside down on their mortgage.

Appraisal 195

Appraisal Investors Buyers Market Value 195

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. The number of homes placed under contract (pending), decreased by 17.7% Average prices for closed sales increased by 3.4%

Inventory 66

Inventory Sellers Contracts Buyers 66

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Worried we did not have enough money for mortgage payments.

Contracts 88

Contracts Appraisal Mortgage Inspection 88

Lamacchia Realty

JANUARY 25, 2024

This report breaks down state-wide sales (previous years mostly covered Southern NH and the Lakes Region ), average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022, and discusses what is predicted to unfold in 2024. Average prices for closed sales increased by 7.2%

Inventory 49

Inventory Sellers Buyers Contracts 49

Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. But is it because sellers are rushing to list their homes? This is actually about fewer buyers getting into contract.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

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. Home sellers, the market has changed. Sellers have enjoyed the upper hand for years now.

Marketing 59

Marketing Sellers Buyers Inventory 59

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. Mortgage Rates.

Marketing 64

Marketing Sellers Buyers Inventory 64

Lamacchia Realty

JULY 22, 2022

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall.

Sellers 71

Sellers Buyers Inventory Contracts 71

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

Lamacchia Realty

JULY 26, 2023

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted) The number of homes placed under contract declined 20.8%

Sellers 53

Sellers Inventory Buyers Real Estate 53

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. National mortgage originations closed the year at less than $1.5 Normally over 25% of homes sold every year are home sellers who plan to sell and then buy.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1% Again, condos have had a rougher go of it.

HOA 47

HOA Inventory Buyers Contracts 47

Lamacchia Realty

FEBRUARY 22, 2022

2021 was a historic year for the post-pandemic real estate industry with record low mortgage rates, record low inventory and record high absorption rate and sales. It was also a clear rebuke of the theory that the Covid pandemic would cause a similar crash to 2008. Pending Home Sales (contracts accepted). Prices Up by 13.1%

Inventory 49

Inventory Sellers Buyers Real Estate 49

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Get PDF Now.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next? in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.

Sellers 74

Sellers Inventory Buyers Realtors 74