Appraisal Buzz

APRIL 2, 2024

With mortgage rates tracking downward in recent months after rising last year, the portion of average local wages consumed by major expenses on median-priced, single-family homes and condos has decreased from the fourth quarter to the first quarter in 91.5% Home Affordability Report. hit in the first quarter of 2021.

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Housing Wire

DECEMBER 27, 2022

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. Over the past 14 years, FHA has insured 9.1

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Insurance Home Value Mortgage Marketing 467

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Therefore, it begs the question: what will happen to home values?

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Sellers Marketing Market Value Home Value 435

Eppraisal

DECEMBER 7, 2021

According to an article on the website ipropertymanagement.com (October 17, 2021), 36% of American households are renting their home, signaling an apparent decline in homeownership this past year. Home values have gone up making affordability more difficult, so more are renting. Who Needs Renters Insurance?

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Housing Wire

SEPTEMBER 9, 2021

Mortgage rates have struggled to reach 3% for most of 2021, despite predictions. Low interest rates coupled with dramatically rising home values have left homeowners with a massive amount of available equity. the week prior, while Federal Housing Administration -insured mortgages saw a decrease in applications to 10.9%

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Mortgage Home Value Valuation Inventory 463

Housing Wire

MAY 24, 2023

As home values rise, so do the loss amounts from these scams. Additionally, the number of reported victims has slowly risen from 19,954 in 2021 to 21,832 in 2022. billion in reported losses in 2022. These numbers are probably even higher as not all fraud is reported. Consumers should report any fraud to the FBI at www.ic3.gov.

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Real Estate Buyers Real Estate Agent Sellers 355

Housing Wire

FEBRUARY 26, 2024

EquityAvail was launched in early 2021 , and is a single, fixed-rate mortgage that is fully disbursed at closing with a maximum amount of up to $4 million. A tax and insurance escrow account is used for budgeting and administration, similarly to traditional mortgages. Probably about 20-25% of my business has been that product.”

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Marketing Business Clients Training 342

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. billion in 2021 and closer to the level of 2019, when lenders originated $389.3

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Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 404

Housing Wire

JUNE 10, 2022

A survey by Pew Research published in October of last year found that about half of all Americans (49 percent) think the lack of affordable homes is a major problem where they live. According to the Radian Home Price Index, provided by Radian subsidiary Red Bell Real Estate, home price appreciation set a record in 2021, rising 14.2%

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Real Estate Buyers Mortgage Insurance 335

Housing Wire

JANUARY 9, 2023

With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. quarterly drop in overall home purchases.”. That compares with a 17.4% 1, 2022, according to a CoStar News report.

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Housing Market Marketing Construction Development 544

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . And 2022 was off by some 17% from 2021. in October 2021]. …We in June to 6.5%

Marketing 399

Marketing Investing Investors Landlords 399

Housing Wire

MARCH 11, 2021

Strategies for MSR Management in 2021. She also noted that the borrower is still responsible for taxes and insurance for the duration. ” The EquityAvail product is a non-recourse loan, which means the borrower or the heirs will not owe more than the home’s value.

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Finance Mortgage Retail Home Value 389

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. The rate of inflation for 2021, 2022, and 2023 was 4.7%, 8.0%, and 4.1% and performing a calculation that compares the average weighted cost of this basket of goods at different points in time. respectively.

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Law Real Estate Property Taxes Marketing 415

Empire Appraisal Group

JUNE 16, 2022

In 2021, the inbound number was 210. Census Bureau data and moveBuddha proprietary data, as well as Zillow’s Home Value Index and Florida Housing Data. In 2021, that number surged to 210 inbound residents for every 100 who left, meaning more than twice as many people moved into the state than left it. By Kelly Hayes.

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Insurance Home Value Property Taxes Real Estate 78

Housing Wire

DECEMBER 20, 2021

“We disagree with the notion that high-cost areas need a higher loan limit to make homes affordable to local buyers,” Redwood President Dashiell Robinson said. “In there are many others) in which the GSE loan limits are supporting home values for income levels that are two-times that county’s median household income.

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Government Marketing Finance Mortgage 366

Housing Wire

APRIL 27, 2023

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. Salmanson is CEO of Cherre , a fintech that works with major players in the real estate market, including insurers, asset managers, lenders and SFR operators. billion [due to increased home values]. “…The

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Renovations Investing Real Estate Marketing 276

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Jones, PhD.

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Housing Market Marketing Real Estate Realtors 68

D Fritz Appraisals

JUNE 15, 2021

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Your mortgage must also be eligible for mortgage insurance through Canada Guaranty, CMHC or Sagen (previously known as Genworth.) . First-time homebuyers, we have great news!

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Insurance Legal Fees Buyers Appraisal 141

Cleveland Appraisal Blog

OCTOBER 29, 2021

Does that mean that if the home has a remaining economic life that is, say 20-years, and the term of a loan being applied for is 30-years, that this is a deal-breaker for the homeowner’s ability to secure an FHA loan? All Mortgages to be insured under Section 223(e) must be submitted to the Jurisdictional HOC for prior approval.”

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Cleveland Appraisal Blog

OCTOBER 1, 2021

This week, I am also working on a new Home Value Stories podcast episode. When you’re downsizing your home with a pet as your roommate, your animal may experience anxiety and uncertainty during the entire moving process. Shelby County Luxury Home Market Update – 2021 – Birmingham Appraisal Blog.

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Appraisal Valuation Realtors Modernization 243

Eppraisal

SEPTEMBER 18, 2021

In September of 2021, Hurricane Ida struck the Gulf Coast in normal hurricane fashion, inflicting wind damage, causing power outages and dumping a lot of water. After nearly nine inches fell in a single day, homes and buildings were irreparably ravaged; roads and highways were washed out; and several people were killed. Now they do.

Insurance 36

Insurance Design Home Value Law 36

Eppraisal

APRIL 27, 2021

I t has always been said that owning a home is the American dream. According to the latest 2021 statistics from ipropertymanagement.com, "44.1 households rent their homes." Some have no other choice than to rent a home, others are qualified to purchase a home but have decided not to. million or 35.9%

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Property Taxes Home Value Landlords Insurance 50

Eppraisal

APRIL 8, 2022

Home values have been rising at historical rates. If you sold your home in 2021, you may be eligible for a capital gains tax deduction if you sold your home for a profit. If you are practicing energy efficiency in your home, this is a nice reward. This Act reinstated the PMI deduction.

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Real Estate Property Taxes Home Value Insurance 36

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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Insurance Appraisal Contracts Mortgage 79

Lamacchia Realty

DECEMBER 21, 2023

We expect this trend to continue as stricter regulations and increased insurance premiums are creating challenges for current owners. Instant Home Evaluation See immediately how this market is impacting your home value. What’s next?

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Lamacchia Realty

JANUARY 24, 2024

However, new listings are increasing which could indicate that those who have been delaying listing their homes are getting off the sidelines. Instant Home Evaluation See immediately how this market is impacting your home value.

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New Listings Sellers Real Estate Buyers 36

Lamacchia Realty

MARCH 28, 2023

Condos were an attractive option during the frenzied pandemic housing market when single-family inventory was depleted, but now demand has been negatively impacted by several new pieces of legislation as well as increased expenses for condo owners resulting from the Surfside Collapse in 2021.

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New Listings Sellers HOA Buyers 56

Lamacchia Realty

NOVEMBER 27, 2023

The increase in new condo/townhome listings is notably higher than single families, and we expect this trend to continue given that stricter regulations and increased insurance premiums are creating challenges for existing owners. Instant Home Evaluation See immediately how this market is impacting your home value.

New Listings 50

New Listings Sellers Real Estate Inventory 50

Eppraisal

AUGUST 16, 2022

Uptick in Mortgage Rates At the end of 2021, residential mortgage rates were at three plus percent or, in some cases, even lower. While those blessed with long life can remember interest rates in the double digits, most younger and first-time home buyers were raised with much lower rates.

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Home Value Advertising Finance Government 36

Appraisal Today

MARCH 22, 2024

Updated Unacceptable Appraisal Practices (bias words) – the overall occurrence rate which has declined from 0.15% of appraisal reports in 2021 to just 0.03% in 2023 (see Figure 1). It can impact home values, insurance costs, and the overall stability of a housing market.” “The Is there anywhere that is totally safe?

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Appraisal Contracts Business Insurance 66

Will Springer Realtor

APRIL 10, 2024

INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values. in homeowners insurance premiums for every $1000 of their home’s value in 2022. per $1000 of value.

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Real Estate Buyers Sellers Insurance 36

The Robert Weiler Company

SEPTEMBER 7, 2022

Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022. Homes sales reached 14,210 in May 2022, a 1.8% increase from the May 2021 sales level of 13,955. Land sales grew by 6% in 2021, exceeding the sales growth of other commercial real estate sectors.

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Marketing Real Estate Investing Retail 78

Appraisal Today

JUNE 23, 2023

With respect to volume, executives at both Fannie and Freddie have pointed out that during the crazy-volume times of 2020 and 2021, appraisers were not actually able to keep up with the transactions that were taking place in the market. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers.

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Appraisal Real Estate Valuation Contracts 86

Listing Spark

OCTOBER 13, 2022

The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. Even though the market has adjusted it’s still a high demand market with 2.9

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Will Springer Realtor

DECEMBER 8, 2021

Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. households were formed between 2012 and June 2021 but just 7M new single-family homes were built in that time. short of providing homes for purchase to those who want one. >>

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Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

AUGUST 9, 2022

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. Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states.

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