Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. The average contract interest rate for 5/1 ARMs increased to 5.56

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Housing Wire

OCTOBER 12, 2022

trillion in 2022, a $78 billion decline from last month’s forecast. HousingWire recently sat down with Polly CEO Adam Carmel to discuss how lenders can break old habits and redefine the mortgage process through innovation and modern, advanced technology. million in 2022 and 3.93 contraction in real GDP in 2023.

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Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.

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Appraisal Today

JULY 7, 2023

Filed in August 2022 in the U.S. Everything has been fully modernized. from May 2022. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. Connolly & Mott v. Shane Lanham et al.

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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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Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. July 25, 2022 . We’ve seen a massive change in housing inventory. This is actually about fewer buyers getting into contract. New in the August 2022 Issue of Appraisal Today. By Ryan Lundquist .

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Appraisal Today

SEPTEMBER 8, 2023

But then the price jumped in 2022 to a high of $60 million, before the listing was removed. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21

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Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. A highlight of this exceptional home is its recently updated kitchen, completed in 2022. percent, the largest single-week decline since July 2022,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. percent from 7.86

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Appraisal Today

OCTOBER 14, 2022

In the October 2022 issue of the monthly Appraisal Today Newsletter. Redfin Survey October 07, 2022. By Ken Dicks, October 3, 2022. Inventory levels have an impact on property valuation, at least in the short term. Appraisals for estates and trusts – the most popular non-lender appraisals, Part 2. Let the story begin.

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Appraisal Today

FEBRUARY 9, 2024

in the first quarter of 2022. Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory. Set on a hill above a desert filled with midcentury modern homes, this duo of dwellings is part of the Hopi Village group of rock residences built by R.

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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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Appraisal Today

OCTOBER 21, 2022

Inventory levels. It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. 2022 business has been very slow for many appraisers. percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2022.

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Appraisal Today

SEPTEMBER 1, 2023

In March 2022, Bloomberg News published an article entitled “Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom.” To read more, click here My comments: For decades, George has been trying to “modernize” how appraisals are done. The average contract interest rate for 5/1 ARMs decreased to 6.48

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ percent from 11.0 percent from 0.4

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. Bedroom-sized home offices are no longer the norm in modern floor plans. of space near its Seattle HQ (pictured atop).

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Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), The accompanying chart shows where Seattle metro compares to other cities over the period between March 2020 and January 2022. He expects an inevitable sales slowdown, likely of about 7% year-on-year by the end of 2022. APRIL HOUSING UPDATE.

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Will Springer Realtor

JANUARY 9, 2024

1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. The pact clarifies certain terms, including whether they will have an exclusive contract with the broker or non-exclusive, and how brokers will be compensated for their services. (I Olympia also established a law, effective Jan.

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Will Springer Realtor

MAY 9, 2022

percentage points so far in 2022, has added several hundreds of dollars a month for new buyers’ mortgage payments.Black Knight, a mortgage technology and data provider, claims Americans are now expected to spend 31% of their monthly income to make a mortgage payment on the average-priced U.S. The potent combo of rising U.S. a month ago.

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Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Lenders See Considerable Value in Appraisal Modernization. June 2022 issue is the 30th Anniversary of This Newsletter. By Mark Buhler.

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Will Springer Realtor

SEPTEMBER 8, 2021

and another 10% boost in 2022. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. Just when signs were looking up for an increase in new listings and more inventory, the tap was moved back to near shut. in July, and condo inventories were 1.0,

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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. supply in 2022, according to an August report from leasing platform RentCafé , which forecasts 15,300 new units this year in the Seattle region. months’ inventory.

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Will Springer Realtor

AUGUST 9, 2022

Inventories are on the rise, so much so that one area is now considered a buyer’s market. The bright spots include increasing inventory and falling prices across most of the region. Inventory levels are mounting in King, now at 1.9 Single-family inventory stands at 2.5 Single-family inventory stands at 2.5

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Appraisal Today

SEPTEMBER 9, 2022

Cities With the Cheapest Mansions for Sale in 2022. I’m always looking for something new ;> If you are a paid subscriber and did not get the September 2022 issue emailed on September 1, 2022, please email info@appraisaltoday.com , and we will send it to you!! The 10 U.S. Excerpts: Here are a two of cities: Chicago, IL.

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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. are down 15% year-on-year, new home sales are up 34% since September 2022. That’s the fourth-highest number of residents of any state and it’s only expected to grow as HOAs become increasingly common. Census data.

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. The spread was 13 basis points last week, after being as wide as 64 basis points in November 2022.”

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