Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021.

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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 year one, go to 5.2%

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Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008.

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Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This is no longer the case.

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Eppraisal

JANUARY 28, 2022

The 2021 real estate market was a record-breaking year. Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs." and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3%

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Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. While 2021 saw small steps toward normalcy, it by no means experienced a cool down.

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Eppraisal

SEPTEMBER 24, 2021

The market normally remains strong, and home values rise, through the spring and summer months. The 2021 fall real estate market is going to be different. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units."

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Eppraisal

SEPTEMBER 22, 2021

According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." The inventory of homes available are historically low as well. The inventory of active listings is still down 52.8% in March of 2021.

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Eppraisal

APRIL 5, 2021

Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America. This is not unique to 2021 or pandemic recovery, of course.

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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. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007.

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Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

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Mortgage Home Value Valuation Inventory 473

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

AUGUST 9, 2022

Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Inventory levels continue to rise which is slowly balancing out the market.

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Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

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Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. It's their job to protect the mortgage companies' investments. They work for the mortgage lenders.

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Appraisal Contracts Sellers Home Value 66

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5

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Eppraisal

JUNE 8, 2021

Here's what to be prepared for: Competition Inventory is at its lowest point in many years. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising. Home values have risen.

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Marketing Sellers Buyers Home Value 69

Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. The Mortgage Credit Availability Index (MCAI) now sits at 125.4 Not only that, but 17.8

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Sellers Buyers Inventory Loan Officers 66

Eppraisal

APRIL 12, 2022

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. It's never too early to start preparing to purchase your first home.

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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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Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

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Real Estate Marketing Sellers Home Value 28

Berkshire Hathaway

FEBRUARY 23, 2021

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. In real estate we measure supply and demand based on what we call “months’ supply of inventory.” So, don’t stress, we are here to ease your mind!

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Home Value Inventory Real Estate Mortgage 36

Cleveland Appraisal Blog

APRIL 29, 2021

And that can certainly translate into increases in value. I also have some new podcasts in the works for my show at Home Value Stories. I just aired one on home staging this week. Mortgage rates are too low (and they need to go up) – Sacramento Appraisal Blog. I am working on new posts of my own.

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Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. since October 2021.

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Lamacchia Realty

JUNE 21, 2021

For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house. Are you a “Want-to-Be” Seller in 2021? June 18, 2021. June 15, 2021. June 4, 2021.

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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.

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Appraisal Real Estate Valuation Contracts 85

Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 from a month prior and a 40% increase from the February 2021 level. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”.

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Supply Chain Housing Market Buyers Construction 381

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. What happens if I sell my house and can’t find a new home to buy?

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Clients Sellers Loan Officers Real Estate 62

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

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Housing Market Inventory Home Value Marketing 369

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. By comparison, home-price growth was 17.8% trillion in 2022 and $2.3

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Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. “Americans have seen home values rise at record rates over the past few years.

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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. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.

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Appraisal Business Contracts Real Estate 52

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. months of inventory, well below a balanced market of 6 months of inventory. 00:12:48] How mortgage rates impact the housing market and buyer preferences. It was crazy.

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 9, 2022

Despite this decrease, some markets such as Los Angeles and New York, still saw housing wealth rise due to increasing home prices. ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3% ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3%

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Home Value Realtors Marketing Inventory 441

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Housing Wire

APRIL 28, 2022

The pace of purchase-loan originations as well as transactions in the private-label securities market started to slow by the second quarter of this year as interest rates continued to spike, according to mortgage industry experts. Many of the mortgage loans traded through MAXEX’s platform find their way into PLS transactions. “We

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Birmingham Appraisal

JANUARY 11, 2023

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. The higher rates resulted in larger mortgage payments which took many buyers out of the market. A Look At The Housing Market in 2022. Active Listings.

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