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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. “Historically low inventory – along with record low interest rates – was one of the key drivers behind U.S. Much of that depends on how much inventory returns to the market.

Inventory 523
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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 382
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HW+ Member Spotlight: Stacy Esser

Housing Wire

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 382
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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. Today, however, the purchase application data is actually down to levels we saw in 2009 ! How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The housing market shifted in March of this year.

Inventory 518
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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. Studio inventory is up 21% percent.

Marketing 221
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How can servicers best help borrowers as they exit forbearance?

Housing Wire

Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. TB: Some of the biggest challenges are pent-up default inventory leading to a myriad of potential bottlenecks in the default servicing process.

Inventory 232
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As vacant foreclosures increase, so does buyer interest

Housing Wire

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. In 2008, 2009, it was triage. Seeking new inventory sources.

Buyers 333