article thumbnail

Seller Filed a Racial Bias Complaint Against Me

Appraiserblogs

Could it be because of the racial bias complaint filed against me by an unhappy Seller… Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. So what’s caused the sudden loss of income?

Sellers 126
article thumbnail

Existing home sales are working from a historic low bar

Housing Wire

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing inventory falls under 1M again as sales collapse

Housing Wire

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. The Federal Reserve did not like the homebuying atmosphere during COVID-9, especially the non-contingent buying contracts. Outside of that time period, everything else from 1982 to 2023 was normal.

Inventory 537
article thumbnail

Mortgage rates continue to climb beyond 7%

Housing Wire

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

Mortgage 364
article thumbnail

What Home Buyers Should Expect in the Spring of 2023

Hank Miller Team

understand that it's not the spring of 2011. The current market slightly favors sellers but it's nothing like it was. Buyers fade late as sellers try to catch the last wave, and miss. 0-3 months tends to favor sellers, 3-6 is balanced and over 6 favors buyers. It's not 2011. Home buyers had a rough couple of years.

Buyers 98
article thumbnail

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

In comparison, in 2011, homes took 96 days to sell. . Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market.

Realtors 378
article thumbnail

7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?