Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4%

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Home Value Construction Buyers Mortgage 394

Housing Wire

DECEMBER 12, 2024

Magel Award of Excellence in 2009. The executive acquired plenty of recognition for his work including a spot on Real Estate Almanac’s Swanepoel Power 200 list of real estate’s most influential people. Kessler also earned the William R.

Realtors 368

Realtors Real Estate Clients Development 368

Appraisal Buzz

JUNE 23, 2022

The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on DSNews. The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on Appraisal Buzz. Despite home-flipping rates reaching new highs, representing 9.6% of total home sales in Q1, ATTOM reports that profit margins on flips hit a 13-year low.

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Appraisal 195

Housing Wire

NOVEMBER 7, 2024

That got me here in 2009 and kept me ever since. To kick off the episode, Wacksman discusses the importance of technology in real estate. Wacksman: This team was obsessed and focused on solving consumer and customer problems with technology, which really spoke to me.

Real Estate 364

Real Estate Technology Sellers Agents 364

Appraisal Buzz

JANUARY 16, 2025

properties in 2024, down 6% from 2023, up 174% from 2021, but down 25% from 2019, and down 88% from a peak of 2,139,005 in 2009. Foreclosure Starts Dip Nationwide The nations mortgage lenders started the foreclosure process on 253,306 U.S.

Lending 389

Lending Investors Housing Market Marketing 389

Housing Wire

APRIL 15, 2025

Wajner, who joined First American in 2009, served as treasurer for the past five years and previously held the positions of chief accounting officer and controller. In addition to managing all financial-related activities, Seaton oversees First American Trust, the companys federally charted bank, as well as First Americans technology group.

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Legal Technology Business 331

Appraisal Buzz

DECEMBER 6, 2024

According to the CoreLogic equity data analysis, which started in the third quarter of 2009, negative equity reached its highest point in the fourth quarter of 2009, accounting for 26% of mortgaged residential properties. This is an increase of about $4.3 billion, or 3%, from the third quarter of 2023s $315 billion, year-over-year.

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Insurance Mortgage Appraisal 195

Housing Wire

JUNE 9, 2025

A strong labor market, with unemployment below 4% for 26 consecutive months through 2024, supports some level of borrower stability, unlike the 10% unemployment in 2009 8. Mortgage delinquency rates, at 2.3% Fixed-rate mortgages comprising 92% of loans in 2024 shield borrowers from the payment shocks of 2008’s adjustable-rate loans 2.

Housing Market 433

Housing Market Marketing Insurance Home Value 433

Appraisal Buzz

FEBRUARY 24, 2025

Minimum-Wage Workers Finding More Rental Affordability Since 2009, the federal minimum wage of $7.25 To make ends meet, many minimum-wage workers spend more than 30% of their income. Additionally, a large number of them rent residences that are below average. has remained unchanged.

Finance 339

Finance Appraisal 339

Housing Wire

OCTOBER 11, 2024

The firm was founded in 2009 by broker-owner Daniel Aubry. On Friday, the Anywhere firm announced the affiliation of Beacon, NY-based Daniel Aubry Realty. The affiliation marks the opening of the first Coldwell Banker Realty office in Dutchess County, New York.

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Realty Real Estate Agents Brokerage 404

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2009 to 2013, buyers spent more than 12 weeks looking for a home, but in 2021, they searched for just eight weeks, according to NAR.

Buyers 421

Buyers Inventory Open Houses Technology 421

Housing Wire

SEPTEMBER 3, 2024

Palim joined Fannie Mae in December 2009 and was promoted to deputy chief economist in July 2016, according to his LinkedIn profile. Duncan joined Fannie Mae after a 15-year stint as an economist at the Mortgage Bankers Association (MBA). He will assist with the transition and will leave Fannie on Dec.

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Government Mortgage Marketing Finance 409

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%.

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Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

JULY 2, 2024

She previously served at Fannie Mae in multiple roles from 1997 to 2009, including stints as director of the offices of corporate justice, corporate justice and employment practices, and human resources at different points between 1997 and 2002.

Lending 409

Lending Human Resources Law Government 409

Appraisal Buzz

JANUARY 22, 2025

million in 2009 to 4.5 Though there has been growth in the private market, recent estimates indicate the majority of flood insurance policies are still written through the NFIP. The number of those residential policies has declined from 5.4 million in 2023, with accompanying decreases in coverage.

Insurance 379

Insurance Property Management Housing Market Marketing 379

Appraisal Buzz

APRIL 23, 2025

While home sales are showing a seasonal uptick, they are weaker than expected and continue to trend below 2024 levels despite new for-sale inventory reaching the highest level since 2009, says Selma Hepp, chief economist of Cotality (formerly CoreLogic), in a separate statement.

Mortgage 221

Mortgage Inventory Development Appraisal 221

Housing Wire

JULY 5, 2024

million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009. Khan and Garg, who met at Stuyvesant High School and attended New York University together , co-founded EIFC, a company specialized in asset management and advisory services for private student loan portfolios, in 2009.

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Finance Business Mortgage Clients 419

Real Estate News

JUNE 13, 2025

"I've been in the business since 2009, and I had never heard about assumable loans," Taylor told Real Estate News. While tracking rising rates in 2020 and 2021, he stumbled across the home financing option. "It was almost shocking."

Mortgage 281

Mortgage Modernization Real Estate Finance 281

Eyes on Housing

MARCH 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] 1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021.

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Property Taxes Government 187

Housing Wire

NOVEMBER 10, 2022

There was a slight upturn in 2009, with unit sales increasing by 2.6% from 2008 to 2009. The next major downturn, which started in 2006, saw unit sales fall 10.3% from 2005 to 2006, then another 22.4% from 2006 to 2007 and another 20.9% from 2007 to 2008. The total downturn was 44.9% ahead of those in 2003.

Mortgage 473

Mortgage Housing Market Lending Finance 473

Housing Wire

DECEMBER 21, 2023

Moreover, early-stage delinquencies among VA loans hit their highest non-pandemic levels since 2009. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

Mortgage 431

Mortgage Inventory Technology 431

Housing Wire

AUGUST 30, 2024

in 2009 and has also worked in the mortgage technology space. Prior to joining Sierra Pacific, Roque spent about a year-and-a-half at CrossCountry Mortgage and a year at New American Funding. Roque co-founded M&A and retail mortgage banking firm Menlo Co.

Lending 410

Lending Retail Mortgage Technology 410

Housing Wire

MAY 16, 2024

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. Overview of findings The report was released to the public in November 2023. While all HECM borrowers are aged 62 or older, the age profile of borrowers has trended younger over time.”

Appraisal 408

Appraisal Development Property Appraisal Insurance 408

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S.

Buyers 508

Buyers Inventory Realtors Real Estate 508

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

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Supply Chain Housing Market Marketing Inventory 413

Housing Wire

MARCH 7, 2025

Its just introducing another unregulated security into the housing market as though 2008, 2009 didnt happen, the staffer told the outlet. I dont see any way this will help anything. I see a lot of ways this could hurt.

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Technology Government Law Insurance 264

Inman

JULY 17, 2024

As the U.S. dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR.

Buyers 174

Buyers Real Estate Investing Realtors 174

Housing Wire

JANUARY 9, 2024

Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development. MEC prides itself as a “one-stop online resource for all things mortgage training and education.”

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Training Mortgage Lending Real Estate 419

Appraiserblogs

NOVEMBER 4, 2024

Some of the current deadbeat borrowers will learn to expertly work the system… In 2022, a San Ramon, California, couple who hadn’t made a mortgage payment since 2009 was finally evicted. There are signs of a new horde of deadbeat borrowers, but the foreclosure filings are being delayed and masked by the government itself.

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Government Appraisal Mortgage Valuation 141

Housing Wire

AUGUST 7, 2024

Wacksman is a long-time member of the Zillow team, having joined the firm in 2009 from Microsoft. Lloyd and I could not be more confident in Jeremy as CEO, in the caliber of the broader team and in Zillow’s bright future.”

Real Estate 419

Real Estate Business Agents Investors 419

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%.

Mortgage 370

Mortgage Buyers Government Lending 370

Housing Wire

MAY 10, 2024

Ware, who founded The Property Shop in 2009, will serve as a growth leader at Real and help to build visibility for its brand. The Property Shop is the largest independent brokerage in Fort Worth. Real’s Private Label Program offers the best of both worlds,” Ware said in a statement.

Brokerage 397

Brokerage Training Agents Real Estate 397

Housing Wire

JULY 15, 2024

. “The timing could not be better for us to enter this market with our solutions-based approach to this product segment — the broker community is the most significant it has been since 2009, with almost 25% market share of mortgage transaction activity,” Wells said in a statement.

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Lending Finance Real Estate Construction 394

Housing Wire

AUGUST 27, 2021

Graduating in late 2009, which was not an ideal time to join the workforce, I Initially intended to sit for the certified public accountant exam, but after thorough research and understanding of what my life would look like working for a “Big Four”, I was not convinced.

Mortgage 450

Mortgage Business 450

Housing Wire

AUGUST 27, 2020

That 10% would match the worst month of the Great Recession: October of 2009. Next week, the Labor Department will report the unemployment rate for the month of August. Economists surveyed by Trading Economics said they expect the rate to fall to 10% from 10.2%. percent by December,” the forecast said.

Marketing 412

Marketing 412

Housing Wire

OCTOBER 2, 2024

border , according to data from 2009. “According to the findings, 95% of Canadians 75 and older said they are very or somewhat satisfied with their lives, compared to just 79% of Canadians in their 50s,” according to the report. While the survey did not target older people in the U.S.,

Mortgage 419

Mortgage Finance 419

Appraisal Buzz

JULY 18, 2024

54,300 properties were purchased by foreign buyers, representing the lowest amount of homes purchased since 2009, the year NAR started collecting this data, and a 36% decrease from the prior year. The 54,300 existing homes sold—the lowest since NAR began tracking in 2009—slid 36% from the previous year. In total, some 4.09

Buyers 395

Buyers Real Estate Realtors Development 395