Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% An index of 100 is equal to the level of contract activity in 2001. Sales of new homes are already matching 2019 pre-COVID activity and are expected to increase in 2023, largely due to plentiful inventory in this segment of the market.”

Inventory 432

Inventory Realtors Contracts Construction 432

Housing Wire

DECEMBER 4, 2020

once we get out to 2022, but we are expecting mortgage rates over the next three years to be far less than they’ve been in the last decade.”. There are a little over 20 million home mortgages outstanding, with a contract interest rate of 4% or higher still in the United States,” he said.

Mortgage 512

Mortgage Contracts Construction Inventory 512

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” from 2022 to 2023, to 1.47

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. billion in volume in 2022, down 56% from the previous year’s production of $78.13 Guaranteed Rate originated $34.38 About 71.2%

Loan Officers 370

Loan Officers Buyers Contracts Mortgage 370

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market 432

Housing Market Realtors Contracts Buyers 432

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . million units in 2022, up from 5.67

Mortgage 410

Mortgage Housing Market Retail Contracts 410

Housing Wire

JUNE 17, 2021

“Mortgage rates continued to drift down as markets concur with the view that inflation increases are temporary,” said Sam Khater, Freddie Mac’s Chief Economist. Fannie Mae ‘s economic and strategic group mirrored a similar outlook on inflation’s transitory effects on both mortgage rates and the housing market.

Mortgage 450

Mortgage Housing Market Contracts Construction 450

Housing Wire

JUNE 7, 2022

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2

Mortgage 384

Mortgage Housing Market Contracts Construction 384

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. The bump kinda sorta returned in 2021 but what happens in 2022? Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Some housing markets may see an uptick in homebuying activity at the beginning of the year, especially if mortgage rates continue receding from a recent high of 7%. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Raleigh Realty

JULY 31, 2022

A deposit, also known as a due diligence fee, is given to the sellers in exchange for taking the home off the market for a time period and making it available to perform any tests or inspections that the buyer might want or that the property might warrant. Structural Issues 1. Most inspectors will also check for Polybutylene pipes.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Hire construction professionals you trust, and maintain oversight of the project throughout its duration. This will help you ensure that the construction staff is safe. Invest in marketing. You’ll need to market your development once it is complete. It’s easy to get overwhelmed by the scope of a development project.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight. Source: U.S.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. If it had a market value of $345k, it would have listed at $345k!”. Appraisers are the “truth tellers” in this process.

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

The Robert Weiler Company

SEPTEMBER 9, 2022

And there is less competition when buying land than other real estate markets. Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Market conditions.

Real Estate 78

Real Estate Buyers Contracts Development 78

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. When supply is 4.3

Contracts 545

Contracts Construction Supply Chain Marketing 545

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. The economy looks to be ending 2022 on a positive note, unfortunately, it doesn’t alter our view that we’ll likely enter a mild recession in the new year. Some of the late incoming 2022 data show significant slowing.

Housing Market 530

Housing Market Marketing Mortgage Contracts 530

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 83

Real Estate Appraisal Marketing Market Value 83

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Fewer buyers, fewer contract and sales.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

NOVEMBER 3, 2023

Through the class certification, hundreds of thousands of home sellers in four MLS markets in Missouri can ask the defendants, which include Keller Williams , RE/MAX , HomeServices of America and its subsidiaries BHH Affiliates and HSF Affiliates , as well as Realogy/Anywhere and NAR, to be reimbursed for the $1.3 in California.

Real Estate 324

Real Estate Brokerage Buyers Property Management 324

Appraisal Today

APRIL 5, 2024

A Black couple in Baltimore – Dr. Connolly and Dr. Mott, both university professors – filed suit in August 2022 alleging racial discrimination against loanDepot.com and the appraiser it engaged to appraise their home for a refinance. Appraisers should consider the potential impact, especially in markets with significant new construction.

Appraisal 77

Appraisal Contracts Business Construction 77

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% The post Fannie Mae reduces projected 2022 GDP to 1.3% percentage points lower than its previous forecast. from March and 8.6%

Contracts 421

Contracts Mortgage Construction Development 421

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 466

Construction Housing Market Inventory Buyers 466

Housing Wire

MAY 22, 2023

Housing demand has shifted more toward the new home market, Fannie Mae ’s Economic and Strategic Research (ESR) Group noted in its May economic outlook. “As such, housing demand has shifted further toward the new home market, bolstering builder optimism and the ESR Group’s single-family starts forecast,” the group said.

Construction 397

Construction Inventory Government Contracts 397

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. Real estate market? ==.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. Excerpts: Built in 1972, the prime party house is now on the market for $275,000—and the listing photos have been shared all over the internet.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Appraisal Today

MARCH 22, 2024

Prioritize features that are highly sought-after in the property type and market. For instance, in the subject’s market, a mountain view could significantly impact the demand and marketability of a vacation condominium home. It’s been on and off the market since 2022, with a top asking price of $33.8

Appraisal 66

Appraisal Contracts Business Insurance 66

Appraisal Today

SEPTEMBER 22, 2023

Very few AMC appraisers today want to do the marketing required or learn how to do them. I have lots and lots of marketing tips in my monthly newsletters. In my high value market, 18% of the sales were cash sales. Add it up and I estimate that 35% of the sales in my market did not require an appraisal. I understand.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Housing Wire

MARCH 6, 2024

The outlook for future economic growth remained generally positive as economists, market experts and business organization leaders interviewed for the report noted expectations for stronger demand and less restrictive financial conditions over the next six to 12 months. Days on market increased slightly but remained below historic averages.

Mortgage 421

Mortgage Real Estate Inventory Construction 421

Housing Wire

MAY 23, 2023

housing market. percent)* above the April 2022 estimate of 611,000. Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. months, this is just an OK market for builders.

Inventory 520

Inventory Housing Market Construction Marketing 520

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Housing Wire

DECEMBER 20, 2022

It’s fair to say that 2022 has been a depressing year for homebuilders. After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders.

Supply Chain 384

Supply Chain Construction Inventory Finance 384

Appraisal Today

AUGUST 18, 2023

homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. Just over 8% of U.S.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? In todays crazy market, many people are choosing to pay more just to get into a house, but with an appraisal it would be a willing choice based on being informed.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand.). trillion from $2.34

Housing Market 370

Housing Market Marketing Construction Inventory 370