Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.” We have parts of the U.S.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 61

Sellers Realtors Buyers Inventory 61

Housing Wire

JUNE 7, 2022

in May, inching toward its 10-year and pandemic-low of 63, recorded in April 2020. . All six of the index’s components — which ask consumers to weigh in on whether it’s a good time to buy, sell, and in what direction mortgage rates will move — dropped 11.8 The index score dropped by 0.3 points to 68.2

Mortgage 384

Mortgage Housing Market Contracts Construction 384

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. During that period, we saw new listing data decline. Also, this is what the Federal Reserve wants.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

DECEMBER 23, 2022

The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand. Average mortgage rates jumped above 7% in November and have settled around 6.5%

Housing Market 410

Housing Market Marketing Inventory Buyers 410

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The big question is: how long will the market contraction last and when should we expect things to heat back up? Home buyers got spooked when mortgage rates passed 5.5%.

Real Estate 324

Real Estate Marketing Inventory Sellers 324

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. over asking price.

Housing Market 527

Housing Market Marketing Real Estate Agent Real Estate 527

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Buyers 397

Buyers Sellers Finance Contracts 397

Housing Wire

APRIL 13, 2021

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. And they sell faster, too. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. of homes are valued lower than the contract price.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. But mortgage rates increased faster than at any point in history. On Tuesday, the other shoe dropped. in April 2021, to $4.51

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 410

Brokerage Real Estate Clients Insurance 410

Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. You have to get a different kind of contract. Fannie does not. …We

Mortgage 370

Mortgage Investors Finance Contracts 370

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

SEPTEMBER 28, 2021

from July 2020 to July 2021, which is up from the 18.5% In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher. The Case-Shiller 10-city home price index rose 19.1% increase recorded in June 2021. The 20-city index posted a 19.9% year-over-year gain, up from 19.1% a month earlier.

Housing Market 485

Housing Market Finance Contracts Inventory 485

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.

Sellers 64

Sellers Realtors Buyers Inventory 64

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

APRIL 30, 2021

In 2020, approximately 20% of all Americans moved — and Arizona was the seventh most-popular destination of those movers. The proof is in the home prices, which have shot up in Arizona since the beginning of 2020. Listing prices hit an average of $725,000 in September 2020 — the highest in more than two years. Census report.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

DECEMBER 20, 2021

In July 2020, he lost his job as an editor at a consulting firm for spa professionals. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage.

Mortgage 397

Mortgage Government Contracts Insurance 397

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 10, 2022

The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the report was released in February, a new trouble of the housing market has emerged: the rise in mortgage rates. While the homeownership rate in the U.S.

Housing Market 450

Housing Market Realtors Buyers Inventory 450

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 441

Sellers Housing Market Buyers New Listings 441

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. Granted, mortgage rates were not terrible. 30-Year Fixed Mortgage Rates from 2000 to today. TODAY’S RISING HOME PRICES.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Hank Miller Team

APRIL 6, 2022

This year however, rocketing mortgage rates and other economic challenges may change that. The broad market was strong and largely balanced through Jan 2020. Detached homes are the most popular type in the Atlanta market; this is a look at them since Jan 2020. The median time a home is on the market before contracting is 6 days.

Inventory 94

Inventory Contracts Buyers Sellers 94

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 450

Inventory Contracts Sellers New Listings 450

PennyMac

APRIL 2, 2020

Though it’s possible to buy a home with cash, most homebuyers do so with the help of a mortgage. There are various types of mortgages available, with different interest rates, down payment amounts, and other terms to consider. Step 3: Get Pre-Approved for Your Mortgage. Step 1: Check Your Credit and Do Your Research.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. Well that was until about Mid-March of 2020 when all hell broke loose. Even 2020 started as it should until the bottom fell out. Be flexible.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. After all, a higher interest rate will result in a higher mortgage payment.

Buyers 88

Buyers Inventory Sellers Appraisal 88

Housing Wire

MARCH 25, 2024

Mortgage rates seem to have finally settled down. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky. Inventory will cross over 2020 levels by July. More sellers means more sales will happen. There were another 15,000 condos into contract.

New Listings 500

New Listings Inventory Contracts Sellers 500

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Cornerstone

JULY 1, 2021

Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quicker and at a better price. This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis. This is a major advantage when selling your house.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. In 2020, we had none of those,” adding that they are absolutely increasing in the industry, “but that’s very hard to track.”

Mortgage 370

Mortgage Marketing Buyers Lending 370

Hank Miller Team

JULY 7, 2022

Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity. No More Appraisal Gimmies The real estate market coming out of Covid from about fall of 2020 through spring of 2022 was an anomaly.

Appraisal 52

Appraisal Real Estate Agent Contracts Real Estate 52

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Eppraisal

APRIL 8, 2021

It's a "super seller's market" right now. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. If you are a seller, it's the best time to get a good price and the best terms for your home. Home values are increasing as buyers are competing for homes.

Marketing 36

Marketing Inspection Contracts Buyers 36

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Explain documents such as contracts and disclosures. * Help you arrange inspections.

Buyers 36

Buyers Brokerage Contracts Home Value 36