Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates.

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Appraisal Today

NOVEMBER 10, 2022

12 Unacceptable Appraisal Practices from Freddie Mac. Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. Nothing new, but good reminders. To read more, click here.

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Appraisal Today

AUGUST 19, 2022

Often, the appraiser will not read the lender’s requirements—and if those requirements are not in the report, it cannot be delivered, or the lender will send it back. You can open up the doors and essentially be outside on a nice day.”. You can open up the doors and essentially be outside on a nice day.”.

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Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. ’ Home sellers gave concessions to buyers in 41.9%

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Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

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Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Still, even the single-family rental (SFR) market, including the BFR sector, faces an uncertain future in the year ahead, given the ongoing volatility in interest rates and inflation.

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Clear Capital

DECEMBER 2, 2022

The November 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at -2.4 Home price appreciation decelerated again in November as the Clear Capital Home Data Index fell 2.4% The Midwest held up best, only falling 0.6% QoQ and 6.3%

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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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Lamacchia Realty

AUGUST 25, 2022

There are so many confusing headlines out there for homebuyers: “Home sales down 20%!” Mortgage rates have increased, and buyers are backing out of their search!” 2021 was the largest year for home sales in 16 years, with 100,124 home sales in Massachusetts. Mortgage Interest Deduction.

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Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Buyers and sellers tiptoed through caution. Um, bye-bye!

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Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. At the same time, many others found themselves reluctant to market their homes amid a fear of not having a clear replacement strategy. days (November 2021). =.

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Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. in the first half of 2022.

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Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. The 802 new listings in December was a low not seen since records were archived online from 1990. The Eastside market remains more buoyant with prices up 1.7%

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Will Springer Realtor

JANUARY 9, 2024

As the clock struck midnight on New Year’s Eve, the nation’s attention may not have been completely fixed on a descending Waterford crystal ball in Times Square. Instead, many eyes may have been captivated by something else dropping – interest rates. Treasurys and mortgage-backed securities.

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Will Springer Realtor

OCTOBER 11, 2023

Since Veterans Day falls on a Saturday this year, you can expect far more people and far less available parking. Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. Entry is free on Nov. Zoning laws in the U.S.

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Will Springer Realtor

JUNE 13, 2023

Home prices and mortgage rates. And the May report for Puget Sound residential sales is no different. Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. Median home prices for King County on all home types added 3.4% in Seattle.

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Will Springer Realtor

SEPTEMBER 8, 2021

We have covered over and over the scarcity of homes available for sale. It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). in the last 12 months. and another 10% boost in 2022. That’s the most since 2007.

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Will Springer Realtor

DECEMBER 12, 2023

I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. It was a year of gyrating mortgage rates and stubbornly high home prices. A year ago, realtor.com believed rates would end this year at 7.1% (pretty darn close).

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Will Springer Realtor

NOVEMBER 10, 2023

Roughly 84% of newly built, single-family homes sold in 2022 were part of an association, according to U.S. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

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Will Springer Realtor

MARCH 11, 2024

When considering housing affordability, the focus often falls on the upfront expenses of buying a home. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. Source ) Locally, Puget Sound Energy raised electric rates by 1.7%

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