Housing Wire

FEBRUARY 27, 2024

million, down from $222 million in Q4 2022. The company reported a net loss of $23 million in the final quarter of the year, down from a loss of almost $62 million in Q4 2022. The company reported a net loss of $23 million in the final quarter of the year, down from a loss of almost $62 million in Q4 2022.

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Brokerage Housing Market Renovations Real Estate 358

Appraisal Today

OCTOBER 28, 2022

There’s been a lot of buzz about measuring homes to ANSI standards in the appraisal industry–what can you tell us about the VA’s stance on ANSI? NOTE: Please scroll down to read the other topics in this long blog post on real estate market, mortgage forecast, Halloween haunted homes, unusual homes, mortgage origination stats, etc.

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Appraisal Contracts Mortgage Valuation 52

Housing Wire

AUGUST 14, 2023

Mortgage rates have been stubbornly above 7% for two months and it sure looks like home buyers are growing weary. We can see signs that buyers are slowing, both in the sales volume and in the sales price data. It was mid-June when it looked like mortgage rates might continue to ease down but then the opposite happened.

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Housing Market Inventory Marketing Buyers 361

Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. Builders are continuing to offer a variety of incentives.

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Mortgage Supply Chain Housing Market Construction 394

Housing Wire

SEPTEMBER 12, 2023

I read a Wall Street Journal editorial piece that cited a stat to say home prices are 13% below last year. Home prices remain just fractionally above where they were a year ago. The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers.

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Contracts Inventory Housing Market Buyers 387

Housing Wire

AUGUST 23, 2023

Economists, analysts and executives expect mortgage rates will continue to rise this year, possibly touching the 8% mark in the coming weeks. That’s a stark contrast to what was expected at the end of 2022, when economists forecast rates to be roughly 5.5% at this point. When asked why U.S.

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Mortgage Loan Officers Inventory Housing Market 366

Appraisal Today

SEPTEMBER 23, 2022

For now, it is most reasonable to categorize the market as having growing uncertainty and blatantly inflamed downward seasonal price declines compared to a normal seasonal trend. The regional median price has ticked down about 7% since May, which is $45,000. Will we see fewer sales at the highest prices? To be determined.

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Appraisal Marketing Business Contracts 52

Housing Wire

NOVEMBER 28, 2022

JPMorgan Mortgage Trust 2022-DSC1 is secured by 980 debt service coverage ratio (DSCR) loans with a balance of $308.2 Chicago-based Interfirst Mortgage Company originated 11% of the loans in the pool. on single-family homes in September, down from 13.9% million, according to a Kroll Bond Rating Agency presale report.

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Investors Mortgage Investing Marketing 401

Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

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Bracketing HOA Sellers Buyers 63

Housing Wire

SEPTEMBER 16, 2022

This latest transaction, Progress 2022-SFR7, will be secured by a single $426.8 million fixed-rate loan backed by mortgages on 1,434 single-family rental (SFR) homes. The deal represents Progress’ 36 th securitization to date, with a total note issuance of $20.5 The largest five exposures [at the metro level] account for 59.2%

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Landlords Marketing Development Investing 381

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Appraisal Real Estate Agent Contracts Real Estate 81

Will Springer Realtor

DECEMBER 14, 2021

They took advantage of multiple bids, price surges, waived contingencies and all-cash offers. At the same time, many others found themselves reluctant to market their homes amid a fear of not having a clear replacement strategy. What will the 2022 Seattle/King County housing market offer? days (November 2021). =.

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Real Estate Buyers Construction Sellers 69

Empire Appraisal Group

OCTOBER 28, 2021

Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history. But … home price growth will decelerate in the coming year, experts predict. MCLEAN, Va. The short answer? Stronger mortgage market.

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Inventory Housing Market Construction Real Estate 78

Will Springer Realtor

JANUARY 9, 2024

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. Prices mostly fell from the previous month but were higher year-on-year (YoY). Ho, ho, ho … and oh my!

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Housing Market Marketing Inventory Lending 59

Lamacchia Realty

DECEMBER 28, 2022

In my predictions for 2022 I had put one last sentence at the end of my final paragraph that stated: “Bottom line, my prediction for 2022 is simple. It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes.

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Sellers Buyers Real Estate Inventory 78

Appraisal Today

OCTOBER 6, 2023

The ASB will continue to review USPAP for changes when necessary but will shift much of its focus to providing more guidance to the marketplace. 2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats.

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Appraisal Contracts Real Estate Mortgage 77

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Compounding the financial squeeze, home prices have risen in many cities outside Seattle. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. in September.

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

JULY 11, 2023

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. Home prices continued to confound buyers by climbing toward record highs as summer began. New single-family-home listings rose 3.8%

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Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. If interest to finance a home is roughly twice the Fed funds rate of today, does that mean mortgage rates could hit double digits? home prices will decline 5.5%

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JUNE 13, 2023

Home prices and mortgage rates. Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. It jumped 4.0% in Seattle.

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Buyers Inventory Construction Finance 36

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

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Buyers Law Inventory Development 36

Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. Cities With the Cheapest Mansions for Sale in 2022. Median mansion price: $449,000. Median mansion price per square foot: $89.

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Reconsideration of Value Appraisal Clients Contracts 52

Will Springer Realtor

NOVEMBER 12, 2021

In this monthly newsletter, we have called for a generational response to the housing shortage, particularly to address the near-absence of affordable homes. Constraints on housing creation, especially among so-called starter homes, arguably limit the number of workers who can access high-producing jobs. Zoning] dictates our economy.

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