Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. USPAP and the Contract. They think it is a contract to hit (it isn’t).

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Appraisal Today

JANUARY 27, 2023

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. Varies widely around the country. == Mortgage applications increased 7.0

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Housing Wire

DECEMBER 31, 2021

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

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Listing Spark

MARCH 15, 2022

Refinancing appraisals are another type of appraisal commonly used when an individual uses their current mortgage to buy and repay his/her existing mortgage. Check out our home-seller checklist which will guide you through your home sale from pre-listing to contracts and closing. Source: YCHARTS. Love this list?

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Appraisal Today

SEPTEMBER 8, 2023

Topics include: The Fed, Home Sales, Employment, Mortgage Rates and Commercial Real Estate.In For the remainder of the year, mortgage originations are expected to remain stagnant. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ McKnight died in 2020 at the age of 87.

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Appraisal Buzz

AUGUST 29, 2022

In 2020, 30% of all households had “unaffordable” mortgage or rent payments. 39 billion to modernize transit. $17 When a bid is placed and accepted on a home, the contract will most likely be contingent on an appraisal since most lenders won’t give to borrowers without one. The Current Housing Crisis.

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Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates. But by how much?

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Appraisal Today

SEPTEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on MLS hacked, Wells Fargo discrimination, unusual homes, mortgage origination = $274K Bedford, Pennsylvania Mansion Comes With Its Own Jail Excerpts: 5 bedroom, 1.5+ Mortgage applications increased 2.3 August 30, 2023) — Mortgage applications increased 2.3

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Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. In 2020, we estimate that there were only 65,000 new entry-level homes completed, less than one-fifth of the entry-level homes constructed per year in the late 1970s and early 1980s.”

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Appraisal Today

NOVEMBER 20, 2022

Many thanks to Ryan Lundquist’s 2020 blog post for the very appropriate image above! NOTE: Please scroll down to read the other topics in this long blog post on State board complaints, non-lender appraisals, mortgage forecast, real estate market changes, unusual homes, mortgage origination stats, etc. ==.

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Will Springer Realtor

MAY 13, 2024

Many residents struggle to find and keep a home that they can afford, accentuated by soaring housing prices since the start of the pandemic in 2020. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 based on 2020 data from the U.S. The potent combo of rising U.S.

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. In fact, mortgage demand rose as interest rates fell following October’s slowdown of inflation growth.

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Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. The ongoing decline in residential lending has been fueled by higher mortgage interest rates and consumer price inflation. >> Seattle is rated the 11 th -best place to raise a family in the U.S., The city was No.

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Will Springer Realtor

APRIL 11, 2022

That’s what the people behind The Emerald condo did when it opened in 2020. Mortgage rates have risen by about 1.6 Rates have a small chance to top out before hitting 5% and a good chance of topping out before hitting 6%,” said Matthew Graham, chief operating officer at Mortgage News Daily. “It soaring interest rates (bad!)

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Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. Who Moved My Appraisal Cheese?

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Will Springer Realtor

OCTOBER 11, 2023

A report by RentCafe claims Seattle metro added 36,952 units to the rental market between 2020 and 2022. >> People are also looking into other options like renegotiating contracts, deciding which projects are most important, making their buildings more energy-efficient, and using money they’ve saved up just for emergencies.

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Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. Some mortgage companies are helping RSU holders to include this potential future income in the formula to determine a buyer’s credit worthiness. in existing-home sales April 2020-March 2021. That’s the most since 2007. of the $5.8T

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. The median price in the West was $493,300, up 17% from March 2020. >>

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Housing Wire

MAY 27, 2022

Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit.

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Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. annualized for May – mortgage rates will remain high. annualized for May – mortgage rates will remain high. for 30-year conventional financing.

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Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. YoY, a far cry from the double-digit price increases in 2020-21.

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Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

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Will Springer Realtor

JUNE 8, 2022

Calling upon Fannie Mae, Freddie Mac and other secondary-market mortgage holders to lower the bar to ownership through tax credits, larger deductions on mortgage interest and greater options for down payment assistance can also help. >> Forty-five percent of residential mortgages in the U.S. was $1889. >>

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Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! The commodities market saw prices reach an all-time high of $1711 per thousand board feet in early May of this year after a pre-pandemic price of $303 (March 2020). >> A whopping 3.8

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Will Springer Realtor

JUNE 9, 2023

mortgage holders considered “equity rich” – with 50% or more equity in their homes – fell in Q1 to 47.2% in Q4 2022, marking the second consecutive quarterly decline after 10 straight gains dating back to 2020. of mortgage holders in our state are equity rich, down from 58.5% JUNE HOUSING UPDATE Home prices and mortgage rates.

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.2 The refinance share of mortgage activity increased to 27.2

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