Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. and FICO 10T credit score models as well as the bi-merge credit reporting policy,” the letter added.

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Legal Mortgage Contracts Insurance 414

Housing Wire

JUNE 17, 2021

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

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Mortgage Housing Market Contracts Construction 442

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022. Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. from February 2022.

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Contracts Realtors Home Value Housing Market 302

Housing Wire

FEBRUARY 3, 2023

Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates. Guaranteed Rate originated $34.38 About 71.2%

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Loan Officers Buyers Contracts Mortgage 370

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. In addition, NAR forecasts that mortgage rates will drop to 6.0% In the new construction sector , NAR predicts sales to increase 4.5% year over year.

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Inventory Realtors Contracts Construction 424

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The trade association forecasts the 30-year fixed mortgage rate to close at 6.4% With consumer price inflation calming close to the Federal Reserve’s desired conditions, mortgage rates look to have topped out,” Yun added. from 2022 to 2023, to 1.47

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Construction Inventory Realtors Housing Market 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%

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Housing Market Realtors Contracts Buyers 424

Housing Wire

JUNE 7, 2022

All six of the index’s components — which ask consumers to weigh in on whether it’s a good time to buy, sell, and in what direction mortgage rates will move — dropped 11.8 About 70% of survey respondents expect mortgage rates will continue climbing during the next 12 months. . points from the same time last year.

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Mortgage Housing Market Contracts Construction 382

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?

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Buyers Supply Chain Inventory Real Estate 98

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. September 28, 2022. September 27, 2022. faces high mortgage rates and an uncertain economy. Excerpts: Year Built: 2001.

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Appraisal Contracts Architecture Housing Market 52

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. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. The Role of Lighting in Safety.

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Real Estate Development Appraisal Contracts 303

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. The main house is just the end modules of shipping containers, and the rest is steel construction.” Million, close to the Bay Area median.

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Appraisal Mortgage Business Contracts 74

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.

Contracts 545

Contracts Construction Supply Chain Marketing 545

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

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Appraisal Contracts Business Construction 76

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Next year, mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, according to NAR’s forecast. compared to 2022.

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Real Estate Marketing Buyers Sellers 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% Purchase and refinance originations also are expected to decline, spurred by the uptick in mortgage rates. from March and 8.6%

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Contracts Mortgage Construction Development 414

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 414

Mortgage Real Estate Inventory Construction 414

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 457

Construction Housing Market Inventory Buyers 457

Empire Appraisal Group

SEPTEMBER 8, 2022

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. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). Housing Market Collapse? Nowhere in Sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. trillion in 2022, down significantly from last year’s $4 trillion.

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Mortgage Construction Lending Real Estate 382

Housing Wire

NOVEMBER 3, 2023

“We may eventually have it where buyer commissions can be rolled into the mortgage. Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray.

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Real Estate Brokerage Buyers Property Management 318

Housing Wire

MAY 22, 2023

in March and have generally trended upward since the fall of 2022. Pending home sales, which lead contract signings on average by 30-45 days, declined during that time by 5.2%, pointing to a further sales slowdown in April and May. New home sales jumped 9.6% Fannie Mae projected total originations for 2023 to be $1.65

Construction 393

Construction Inventory Government Contracts 393

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6 baths, 17,878 sq.ft.,

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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. There may be more information now.

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Appraisal Contracts Inspection Real Estate 74

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. ==. It looks like the change is starting because of increasing mortgage interest rates. USPAP and the Contract. They think it is a contract to hit (it isn’t).

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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. =. Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? > New in the July 2022 Issue of Appraisal Today.

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Appraisal Contracts Insurance Real Estate 52

Appraisal Today

SEPTEMBER 22, 2023

Mortgage interest rates ALWAYS go up and down. Ohio, for instance, was the seventh most populous state in 2022, and also had the seventh largest number of state tips that year at 46. Texas received our highest number of tips (86) in 2022, consistent with its rank as the second most populous state, impacting about 1.5%

Appraisal 85

Appraisal Training Inspection Real Estate 85

Housing Wire

MARCH 16, 2023

How is today’s housing starts data , which beat expectations, good for mortgage rates ? What we see in this latest starts report is encouraging, as a record number of 5-units are still in construction and anything that gets finished is positive against inflation. Like most recessions, when demand falls, so does production.

Mortgage 510

Mortgage Construction Marketing Contracts 510

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?

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Appraisal Real Estate Contracts Design 66

Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

FEBRUARY 23, 2024

The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. Mortgage applications decreased 10.6

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Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

NOVEMBER 3, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. When trying to do a cash-out refinance of his multifamily property in 2022, Horton did not get the value he was looking for.

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Appraisal Contracts Architecture Mortgage 75

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. 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. ==. Jun 7, 2022. This is the past.

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Appraisal Contracts Business Mortgage 52

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

Mortgage 464

Mortgage Construction Contracts Housing Market 464

Appraisal Today

OCTOBER 20, 2023

In June of 2022, one year after completing the original appraisal report, I received an email from the AMC stating the lender had received a repurchase demand from Fannie Mae. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units.

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Appraisal Design Contracts Inspection 70

Housing Wire

MAY 23, 2023

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 and above, the builders will pull back on construction.

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Inventory Housing Market Construction Marketing 516

Housing Wire

JANUARY 20, 2023

Homebuilder confidence and demand for mortgages have increased recently, keeping hopes high for an improved housing market in 2023. But a modest recession is still expected this year, and elevated mortgage rates, coupled with high home prices, will limit housing activity, according to Fannie Mae. trillion from the previous year.

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Mortgage Housing Market Buyers Contracts 393