Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. million units this year from 2021, a further downward revision from September’s projected 17.2% How should the current market impact lenders’ tech adoption?

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Appraisal Today

JULY 7, 2023

2021, was one of the first (and perhaps the most publicized). But since late 2021, a number of similar lawsuits have popped up—from North Carolina to Maryland. Everything has been fully modernized. Markets go up and down I’ve been writing for years about how normal it is for markets to go up and down.

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.39

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Appraisal Buzz

AUGUST 29, 2022

Though the federal government has yet to pass legislation directly tackling the current housing crisis, some bills may affect it indirectly. A significant indirect influence comes with the infrastructure bill signed into law in November 2021. The Current Housing Crisis. This was due to an all-time housing shortage.

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded.

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Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. 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. Not really sure.”.

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Appraisal Today

SEPTEMBER 8, 2023

Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. But that popularity did not translate into a sale, and the stately dwelling returned to the market more recently in 2021 for $35 million. And now, the chateau is again up for grabs. bath, 2,908 sq.ft.,

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. The local single-family market is riding a similar up-and-down wave, depending on the area.

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Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. Mike Fratatoni, Chief Economist and Senior Vice President of Research and Industry Technology of MBA, mentioned that in 2021 there were over 13.5 The housing market will figure it out. What’s happening now.

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Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. 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.

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Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Will Springer Realtor

OCTOBER 11, 2023

We are starting to see all those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has shifted housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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Will Springer Realtor

JULY 13, 2023

JULY HOUSING UPDATE The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. Seattle (12%) and the Eastside (11%) drove the increase in single-family units sitting on the market as of July 1.

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Will Springer Realtor

APRIL 11, 2022

The spring housing market will include a trio of indicators – all rising. >> Investor purchases of residential property jumped 12% year-on-year, according to Q3 2021 data from ATTOM. In a study of 48 metro markets, Tucson, Ariz., APRIL HOUSING UPDATE. THE IMPACT OF SURGING RATES. states with 9.7%

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Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. for single-family homes ($1.316M), astounding after YoY prices were up 35% in the 12 months ending November 2021. Residents can expect to begin moving in by January.

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Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. One of the hottest search phrases on Google today is, “When is the housing market going to crash?”.

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Will Springer Realtor

JUNE 9, 2021

Is this the beginning of a housing bubble, 2021-style? “I I find it difficult to say we’re not in a housing bubble, but I [also] find it difficult to say home prices are going to crash,” says Ali Wolf, chief economist at real estate consultancy Zonda, as quoted by realtor.com. million single-family homes shy of demand.

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The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Not only that, but you want those transit links to be modern, well funded, and in high use. percent in the second quarter of 2021. Do you have a paper trail?

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Will Springer Realtor

AUGUST 9, 2022

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As That’s the conclusion of a 2021 report from the Research Institute for Housing America, which signaled added “stress” on housing and housing finance industries in determining risk.

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Will Springer Realtor

JUNE 9, 2023

They found that the number of households headed by 25- to 34-year-olds grew by 300,000 per year in 2016-2021, up sharply from an average annual growth of 45,000 households between 2011 and 2016, a difference of 260,000 additional households per year. Can the housing market cope with rising demand? Census data.)

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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 LGBTQ+ community is estimated to hold $1T (yes, with a T) in potential buying power in the housing market, but much of that spending opportunity has not been fully unlocked.

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