Housing Wire
OCTOBER 1, 2022
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. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.
Appraisal Today
MARCH 31, 2023
First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century.
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Appraisal Today
OCTOBER 7, 2022
Stewart Burns acquired the property in 2014 for $2,300,000. Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.75 Lot Size: 0.06
Houston Properties
JANUARY 13, 2021
Properties are still going under contract. Based on last year’s sales data, the number of homes that have gone under contract is still consistent with figures prior to the coronavirus and the oil price crash. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days).
Houston Properties
JANUARY 12, 2022
While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Year Built: 2014. Overall, right now properties are still actively going under contract. and it happens all the time. Zip Code: 77006.
Houston Properties
JULY 22, 2022
My last three listings have received a combined 14 offers and gone under contract, on average, within 4 days. We’re also seeing the re-emergence of backup contracts, bidding wars, and homes closing materially over the asking price. – 2014: America’s Best Real Estate Agents, RealTrends.com. Houston has 3.7
Will Springer Realtor
MAY 13, 2024
home sales in 2023, the highest level since 2014. Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales.
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