Housing Wire

DECEMBER 29, 2022

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. First, we must define what we mean by recession.

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Housing Wire

JULY 21, 2023

Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers.

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Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Back then, the FOMC lowered the rate to near zero, where it remained for several years.

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Housing Wire

MARCH 21, 2023

” Ratiu said KCM’s focus on providing relevant insights and information to agents so they can educate buyers and sellers was one reason he joined the company. Although he noted similarities to the market of 2008, Ratiu stressed the current market has some important differences.

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Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Of course, the answer is about why this is not the same market — in any way — to post 2008. Are we in a housing bubble?”

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Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

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Housing Wire

OCTOBER 4, 2023

Hence, Splitero Homes will primarily serve sellers of homes that are already clients of Splitero Funding , the home equity investment business. And that is our concentration, working with homeowners that we’ve already made a home equity investment with, not your traditional brokerage going out there trying to find buyers and sellers.”

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Housing Wire

SEPTEMBER 13, 2022

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Adjusting to population, 2014 was the lowest level in the index ever, and in 2022 we have seen a noticeable hit in this index, taking it below 2008 levels. Can you blame home sellers?

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Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. years in March 2023, according to recent data.

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Empire Appraisal Group

JULY 14, 2022

Record levels of home equity provide financial security for millions of families and minimize the chance of another housing market crash like the one we saw in 2008. The post Sellers’ Market Peak? “Homeowners continue to benefit from rising home prices,” says Rick Sharga, executive vice president of market intelligence for ATTOM.

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Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. In March of 2022, sellers received an average of 5.5 One such measure is who is entering the market. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find.

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Housing Wire

JUNE 15, 2022

The Texas firm has locations in more than 25 cities and connects with sellers more than 100,000 local investors looking to rehab houses, according to its website. Since it was founded in 2008, New Western has bought and sold about $12 billion in residential real estate.

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Housing Wire

AUGUST 28, 2023

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. Meanwhile, 39% said they had challenges finding sellers.

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Housing Wire

FEBRUARY 10, 2023

Financial terms were not disclosed due to a non-disclosure agreement with the seller. The private New York-based company, founded in 2008, manages third-party capital on behalf of insurance companies, pension funds, hedge funds and other investors. According to Marshall, the deal’s “cash outlay is not material.”

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Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Case in point, purchase application data is already below 2008 levels today. million listings.

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Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. A traditional seller is primarily a homebuyer, so not only do we lose the inventory for sale when this happens, but we also lose a buyer.

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Housing Wire

NOVEMBER 19, 2020

. “ Because the practices have been widely adopted by NAR-affiliated MLS networks , they are “therefore, agreements among competing real estate brokers each of which reduce price competition among brokers and lead to lower quality service for American home buyers and sellers,” the complaint alleged.

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Housing Wire

OCTOBER 12, 2022

It’s no coincidence that the post-2008 crisis mortgage expansion happened to occur during a period marked by transformative technological change in the industry. With less competition among technology providers, originators and servicers would find themselves at the mercy of this mortgage technology behemoth.

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Housing Wire

JUNE 7, 2023

Prior to the collapse of Fannie and Freddie, pre 2008, the GSEs would give preferred pricing to their largest sellers in what was known as “alliance” agreements. The spread in pricing between a large seller and a small one was significant. The problem here is that they are turning to negative incentives.

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Housing Wire

MAY 4, 2022

The combination of these factors has some feeling 2008 déjà vu. But today’s housing market differs from 2008 in several important ways. Some buyers will pull back from the market and sellers will adjust their price expectations, which will prompt house prices to adjust.

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Housing Wire

APRIL 11, 2023

In a market like this, whether they’re focusing on the uniqueness of their properties or the value of purchasing a home for long-term investment purposes, our team partners with them on ways they can creatively and honestly attract buyers and sellers.

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Marketing Agents Inventory Sellers 370

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Enhance your brand with custom landing pages designed to convert real estate seller leads.

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Housing Wire

OCTOBER 3, 2022

The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season. The market grew from just 1.7

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Housing Wire

JANUARY 26, 2021

According to the CoreLogic Buyer/Seller Market Indicator, which measures the ratio between sold price and list price, buyer competition reached a new peak nationally in October and November when the ratio climbed to 0.996 – the highest level since 2008, when the data series began.

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Listing Spark

JUNE 21, 2022

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. The good news for sellers is that the Texas median list price is up over 18% YOY. Active, pending and sold data: Active listings have increased by 8.0%

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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. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

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Appraisal Buzz

SEPTEMBER 20, 2021

The country’s largest lending institutions, real estate corporations, and appraisal management companies (AMCs) are each aligned this year in their projections that the housing bubble and prime seller’s market we’re currently experiencing is headed for a substantial correction. Buyers and sellers? Realtors and Property Appraisers?

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Housing Wire

OCTOBER 1, 2022

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%. It is a monthly pulse on what is happening in the market from the perspective of Realtors who are active in the field.

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Housing Wire

JULY 15, 2022

Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. Disrupters” that believe that wedging their way between the Realtor and his or her database is what is best for buyers and sellers. ” HousingWire: What has been your biggest learning opportunity?

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Appraisal Buzz

MAY 17, 2021

In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We are seeing that as a profession again. Is this any different than last time?

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Housing Wire

AUGUST 28, 2020

The first is listing tools – the products designed for you to convert potential sellers into listing contracts. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools. It can also do a lot more than that.

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Housing Wire

JANUARY 16, 2023

This is a problem for the existing home sales market since a traditional seller is usually also a buyer, so the lack of listing growth was a big hit to demand. As you can see below, the waterfall dive in existing home sales has taken us toward the level of 2007-2008 monthly home sales. Same week last year: (Jan.

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Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. Listing essentially requires sellers to trade in their pandemic-era rates of 2-3% for the current rates hovering in the high 6%-low 7% range.

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Housing Wire

JUNE 28, 2022

Even today, the MBA purchase application index is below 2008 levels. The reality is that home sellers and builders had too much pricing power. This either means you had a massive supply shortage or you had a credit boom. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005.

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Housing Wire

FEBRUARY 16, 2022

He said the outlook for MSR assets “remains very strong, driving [price] multiples to very attractive levels for prospective sellers.”. “As The bank also has been a net seller of MSRS in recent years, posting MSR net sales totaling nearly $2 billion combined for 2020 and 2021 — and $20.9 billion in 2020 to $138.4 billion for 2019.

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DW Slater Company

FEBRUARY 13, 2024

Reliable valuations help protect consumers from overpaying or sellers from being shorted, help lenders with the collateral and loan decisions, or help estates or tax planners in knowing the value of their assets.

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