Houston Properties

JULY 29, 2022

We reviewed key trends from the 2015 oil crash and 2008 Great Recession to see how the recent oil price crash will impact the Houston housing market.

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Home Value Housing Market Marketing 69

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. The combination of these factors has some feeling 2008 déjà vu. But today’s housing market differs from 2008 in several important ways.

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Housing Wire

SEPTEMBER 7, 2022

As mortgage rates climb to the mid 6% range and home values continue to increase, the new conforming loan purchase limit will offer better pricing, require a smaller down payment for home purchases and easier documentation compared to a jumbo loan, Rocket said. .

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Housing Wire

JANUARY 13, 2022

The leading plaintiffs are two couples, Phillip and Sara Alig and Daniel and Roxanne Shea, who refinanced their mortgages in 2007 and 2008, respectively. But they claim that Quicken Loans influenced appraisers to raise their home values and originate higher loans. Messages left with plaintiffs’ attorneys were not returned.

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Appraisal Law Valuation Home Value 419

Housing Wire

JUNE 10, 2022

Of course, the answer is about why this is not the same market — in any way — to post 2008. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. HousingWire: What is the weirdest job you’ve ever had?

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Sellers Housing Market Inventory Buyers 384

Housing Wire

NOVEMBER 14, 2022

ARMs became virtually non-existent following the 2008 housing crisis due to predatory lending practices, with many subprime lenders providing borrowers with interest-only ARMs, including those who couldn’t qualify for conventional mortgages.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Just as different types of leaven can be used to make bread rise, and even change the flavor of the bread, increasing home prices can result from different situations. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

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Housing Wire

DECEMBER 8, 2022

Over the last four weeks, mortgage rates have declined three-quarters of a point, the largest decline since 2008. Still, home values in these areas generally will remain well above pre-pandemic levels, Moody’s analysts said. According to Hale, the reason is crystal clear. “The

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Mortgage Home Value Construction Investors 379

Housing Wire

MARCH 27, 2023

Shortcuts to well-established processes do not end well — as the 2008 financial crisis demonstrated. Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, have long required title insurance policies on loans they purchase from lenders. At five years, the daily cost of coverage is about 68 cents per day.

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Insurance Government Home Value Real Estate 297

Appraisal Buzz

NOVEMBER 29, 2021

Know what average home values are in your area. (2) 2B) Use assessor data to determine $/sf of improvement and ratio of site to overall value for site value ratio. Reconcile the Cost Approach data already entered after determining a sales approach value. 2) Fill in the Cost Approach form. (2A)

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Valuation Supply Chain Bracketing Appraisal 370

Housing Wire

APRIL 24, 2023

Less demand for homes will cause home values to drop in many neighborhoods. Falling home prices will not only make it more difficult for retirees but will impact existing homeowners that may want to purchase something larger or in a more desirable neighborhood. Lower homeownership rates mean there will be fewer buyers.

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Legal Housing Market Government Buyers 358

Housing Wire

FEBRUARY 1, 2021

Pre-foreclosure sales as a foreclosure alternative also benefit neighborhoods by limiting the volume of vacant properties, which drag down surrounding home values. Pre-foreclosure sales represented one-third of all distressed sales in 2019, up from less than 15% in 2008. Falling Short. Market Validation.

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Buyers Mortgage Marketing Home Value 388

Housing Wire

MAY 25, 2023

Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. “We Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

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Housing Wire

MAY 9, 2022

This is why I believe Canada and other parts of the world have had continued home-price growth, while the U.S. As we can see below, we needed to deleverage a lot of housing debt as credit in America was getting worse in 2005 through 2008. A stock can fall 40% in one day, whereas a home doesn’t have that kind of velocity.

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Housing Market Buyers Mortgage Marketing 530

Housing Wire

FEBRUARY 27, 2024

Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008. This snapshot can give you insight into how home values are performing for the market you want to focus on.

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Advertising Real Estate Tools Sellers 401

Housing Wire

JULY 25, 2023

However, data from CoreLogic shows that the number of homes built in the Very High Fire Hazard Severity Zone (FHSZ) has declined from 5.5% over the past 15 years, but building in Moderate FHSZ has nearly doubled since 2008, and while the fire risk in this zone is less severe, it is still present.

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Insurance Housing Market Marketing Agents 363

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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Empire Appraisal Group

MARCH 16, 2022

Overvaluing homes can lead to higher rates of foreclosure. CFPB says it’s “particularly concerned that without proper safeguards, flawed versions of these models could digitally redline certain neighborhoods and further embed and perpetuate historical lending, wealth and home value disparities.”.

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Appraisal Valuation Lending Home Value 78

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. How it's Different From the Last Crash The crash of 2008 was caused by real estate. Even though home values and sales prices are rising, appraisers are keeping a tighter reign on appraisals.

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Real Estate Marketing Inventory Home Value 45

Eppraisal

MAY 12, 2021

NAR statistics cite that across the country the average number of offers on an existing home is between two and six. According to Zillow.com the average home value will rise as high as 13.5% Buyers are even using escalation clauses with their offers to purchase a home. by mid-2021 and end up 10.5%

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Sellers Real Estate Buyers Home Value 67

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. So, stayed tuned.

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Appraisal Investing Buyers Renovations 249

Eppraisal

APRIL 27, 2021

Today's Market Home values have been rapidly increasing over the past year. This is mostly due to the low inventory of homes available for sale. The National Association of Realtors estimates that the annual median home prices will increase by 8% in 2021 and by 5.5%

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Property Taxes Home Value Landlords Insurance 50

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

Housing Wire

DECEMBER 2, 2021

According to the FHFA, single-family home prices in the third quarter jumped by 18.5% This marks the largest increase to the agency’s house price index, which tracks the average increase in home values, since the metric was introduced in 2008. year-over-year across the nation.

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Housing Wire

AUGUST 28, 2020

Two companies in this category that have been doing this for a while (since 2008) are SmartZip and Quantarium.

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Tools Sellers Real Estate Contracts 251

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

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.

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Advertising Valuation Appraisal Renovations 198

Birmingham Appraisal

MARCH 21, 2023

If there is an oversupply of properties in an area, it can lead to lower property values. On the other hand, if there is a shortage of properties in an area, it can lead to higher property values. Impact on Interest Rates Interest rates can also impact property values.

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Real Estate Appraisal Marketing Market Value 84

Listing Spark

OCTOBER 13, 2022

In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. New listings are down 6%, so there are less homes coming onto the market than there were this time last year. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58]

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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. I’m not talking about a crashing market like we had in 2008 but I do believe that the recent increase in interest rates has cooled things down a bit.

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Appraisal Marketing Contracts Buyers 65

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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Appraisal Business Contracts Real Estate 52

Cornerstone

MARCH 12, 2021

If there’s a surge of foreclosures, will home values start to decline? This can cause worry for two main reasons: A buyer doesn’t want to purchase a home in a hot market, only to have values plummet. A seller may prefer to put off their plans and wait until the market is stable.

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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.

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Supply Chain Housing Market Buyers Construction 379

Housing Wire

APRIL 12, 2024

But more broadly, since the Great Recession in 2008, there has been a greater implementation of standardized loss-mitigation measures designed to prevent a foreclosure crisis. With home values across the U.S. As a result, CoreLogic’s Loan Performance Index pegs the overall U.S. foreclosure rate at 0.3%

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Property Taxes Insurance Mortgage Home Value 391

Appraisal Today

JUNE 17, 2022

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? percent – the highest level since 2008.

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Appraisal Contracts Real Estate Mortgage 52

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. This development results in a lowering of overall demand and forcing home values down.

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Home Value Sellers Investing Finance 36

Empire Appraisal Group

DECEMBER 15, 2022

home values. Few investors are bidding on deals even as land prices remain high, and some landowners worry about a downturn similar to the 2008 crash, when home and land values plunged. home values, compared to 38% 10 years ago. Is Running Short of Land for Housing | Florida Realtors.

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