Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Unsold inventory sits at a 3.2-month

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Inventory Housing Market New Listings Mortgage 450

Housing Wire

MARCH 16, 2022

“Investors are weighing the impacts of rapidly increasing inflation in the U.S. The seasonally adjusted purchase index increased 1% from one week earlier; the unadjusted purchase index increased 2% from the prior week but was 8% lower than the same week a year ago, largely due to a decline in inventory. of total applications.

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Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. The share of non-primary residence buyers is now at 16% from a high of 22% in January 2022.

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Realtors Housing Market Marketing Buyers 393

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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Marketing Mortgage Investors Sellers 424

Housing Wire

JULY 12, 2022

Dubbed “Lock & Shop,” the product, rolled out in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to close the contract; or the 90-day lock, giving customers 60 days to find a home and 30 days to complete the contract. . The product also allows a one-time float down if rates decline.

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Mortgage Contracts Valuation Marketing 382

Hank Miller Team

OCTOBER 6, 2022

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data. We examine list price, contract price and sold price. for contracted homes -3.4

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Birmingham Appraisal

MAY 11, 2022

With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. Median home prices continue to rise as a result of high demand and limited inventory. A shocking stat to me was the steep increase in median prices for the month of March from 2017 to 2022.

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Housing Market Marketing Inventory Buyers 52

Housing Wire

APRIL 3, 2023

In media interviews and on earnings calls, Reffkin is forced to defend Compass’s mounting losses and the underlying strength of its business – in 2022 , Compass recorded a net loss of $601 million despite raking in revenue – up 6% to $6.02 This meant slowing growth or contraction at a lot of previously high-flying proptech companies.

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Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

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Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

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Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. Tozer suggested “a fee of 1.3%

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Mortgage Loan Officers Government Buyers 382

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways. [00:02:50]

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further. Rental vacancy rates, while still quite low, have risen modestly.

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Housing Wire

JULY 17, 2023

The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices.

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Real Estate Marketing Inventory Contracts 369

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. from December 2022 ($366,500). Sales faded 6.2% from the previous year.

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Appraisal Today

DECEMBER 8, 2023

The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.98

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Appraisal Real Estate Contracts Design 66

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. ==. All cash and investors. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. My Comments on Market Changes.

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The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. in Q3 of 2022 and rents increased by 25% year-over-year. Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. in the same quarter, along with increased demand.

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Landlords Tenants Logistics Real Estate 144

Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. To read more about the May 2022 proposal to eliminate the fee panel , click here . VA Approves Desktops and Exterior-Only Appraisals. To read it, click here.

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Appraisal Valuation Contracts Modernization 59

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Commercial Real Estate Sales.

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Housing Wire

MARCH 31, 2022

Morgan is a significant investor — declined to comment on how many employees were let go at the company. Morgan Mortgage Trust , continues to be the 800-pound gorilla in the PLS market, accounting for about 20 percent of the market by volume year to date as of March 30, 2022. MAXEX — in which J.P. Like last y ear , J.P

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Marketing Investors Mortgage Sellers 382

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released today by the U.S. From Census: Sales Price The median sales price of new houses sold in April 2022 was $450,600. From Census : Sales of new single?family

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Housing Wire

DECEMBER 31, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. But many of those elements are fading as the industry heads into 2022. In 2022, refi origination volume is expected to drop by 62% to about $860 billion.

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Marketing Law Government Mortgage 424

Listing Spark

DECEMBER 15, 2022

In this episode, we’ll learn more about his approach, how he finds and closes deals, and best practices for working with banks and private investors. What tools and services investors should use if they want to get into owner financing. What to expect in the real estate market at the end of 2022. Episode highlights.

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Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. We see no reason for it to change in 2022.

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Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

DECEMBER 14, 2021

What will the 2022 Seattle/King County housing market offer? Here are three consensus predictions: Interest rates will rise as much as a full percentage point by the end of 2022. annual growth for King in 2022 (through next August) after 2.7% in 2022 in King County. more people to the region’s workforce in 2022.

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Houston Properties

JANUARY 13, 2021

We believe the bill won’t come due in 2021 and potentially not in 2022 either. gentrification has started taking place) will appreciate greatly because: There is a plethora of investors with cash, looking to diversify out of the stock market and worried about inflation. Properties are still going under contract.

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Listing Spark

FEBRUARY 7, 2024

trillion in 2022 and an eye popping $4.51 3) Days on market and months supply of inventory climbed, shifting to a more balanced market For the first time in over 13 years, the market shifted from a scalding hot seller’s market to a balanced market or even a buyer’s market in some areas. in 2022 to 3.3 in 2022 to 3.4

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

MAY 14, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. away from the May 2022 high. shy of the May 2022 record high.

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Marketing Inventory Buyers Sellers 36

Lamacchia Realty

APRIL 15, 2022

Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. Low rates, even lower inventory, maxed out demand, and anemic supply remained the name of the game for well over a year until this past winter, when it truly plunged to incredible lows.

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Marketing Sellers Buyers Inventory 66

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. percent from 6.50 percent, with points decreasing to 0.61

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Appraisal Architecture Business Contracts 52

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Economists and investors have been upbeat about how the employment picture has remained mostly resilient in the wake of economic headwinds. “Pent-up sellers cannot wait any longer.

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MARCH 14, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022. each month between 2003 and 2022.) months in January.

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

DECEMBER 12, 2023

Since January 2022 – when home sales were 6.3M Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 Most eye-popping, inventory for condos surged to “buyer market” levels in November.

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Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

JUNE 13, 2023

Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. Prices for all home types combined (single-family, townhome, condo) in May 2022 were up 14% YoY across King, 27% on the Eastside and up a “modest” 7.9% Despite high interest rates, some hungry buyers are competing over limited inventory.

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