Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. in 2023 before increasing to 4.1% in 2023, settling at 4.38 Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” in 2023, to 720,000. from 2022 to 2023, to 1.47

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Construction Inventory Realtors Housing Market 358

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. Nik Shah, CEO of Home LLC.

Mortgage 335

Mortgage Marketing Loan Officers Contracts 335

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). Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

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Appraisal Real Estate Agent Contracts Real Estate 83

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R.

Real Estate 306

Real Estate Brokerage Buyers Property Management 306

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

Mortgage 399

Mortgage Sellers Contracts Buyers 399

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states. They include a $405.2

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Marketing Investing Investors Landlords 410

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The number of single-family homes going under contract (Pending sales) fell 8.7% homes sold in June found a buyer in less than a month.

Sellers 60

Sellers Buyers New Listings Inventory 60

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. Atlanta Home Prices Q2 2023 The MSM was ebullient, just delighted when the housing market hit the brakes in the last half of 2022. Fewer buyers, fewer contract and sales. have a rate below 5.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

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. early in 2023 and drop to 7.1%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Listing Spark

FEBRUARY 9, 2023

We’ll cover each of those and discuss best practices to ensure that you are maximizing your chances of success with your home’s appraisal in 2023. People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage.

Appraisal 36

Appraisal Sellers Market Value Contracts 36

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. But there is one thing for certain: technology has changed the overall industry. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

DECEMBER 20, 2022

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. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

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Supply Chain Construction Inventory Finance 372

Will Springer Realtor

FEBRUARY 13, 2024

The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. higher than January 2023. more versus January 2023. 1; that’s 2.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. First finished homes projected to be finished in September, 2023.What Interesting that the Fannie change came out September 7. == New in the September 2023 issue of Appraisal Today Appraisers vs. Lenders.

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Appraisal Contracts Business Construction 81

DataMaster

JANUARY 15, 2021

Many first-time buyers were pushed out of the market and many current owners contentedly hunkered down and watched the equity in their homes grow. Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. First-time home buyers are priced out of the market.

Appraisal 147

Appraisal Construction Business Real Estate 147

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. to 7% range for mortgage rates and anticipated fluctuations will significantly impact buyer affordability and demand. percent from 6.93

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

JULY 21, 2023

July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. And, it’s true.

Appraisal 90

Appraisal Real Estate Contracts Business 90

Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). The Glass Ladies were designed by Alon Zakoot and constructed over a period of seven years. That’s just shy of the 45.6%

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. For example, in the city of Austin, home prices were essentially flat at $523,250 for the year (down only 0.43% in 2023). Some markets were affected more than others.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Appraisal Today

NOVEMBER 3, 2023

FHFA’s Desktop Appraisal Oversight: OIG Report Highlights Documentation Gaps Oct 31, 2023 Excerpts: The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. Between Oct.

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

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. Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Appraisal Today

NOVEMBER 10, 2023

Originally constructed in 1973, an 1100 ht.sq.ft. To better understand this effect, in the first quarter of 2023 we asked homeowners via our National Housing Survey® if they planned to stay longer in their current homes than originally intended and, if so, why. However, the research findings did not show this. per month, $24.75

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Appraisal Contracts Design Mortgage 63

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. I always tell buyers to buy when no one else is buying. Current listings and especially homes in contract show current market conditions. trillion in 2023.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

DECEMBER 8, 2023

Click here for more info If you are a paid subscriber and did not get the December 2023 issue emailed on Friday, December 1, please email info@appraisaltoday.com , and we will send it to you!! The record comes as mortgage rates hover at elevated levels, hitting their highest level in 23 years last week and cutting deep into buyers’ budgets.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.

Mortgage 373

Mortgage Real Estate Inventory Construction 373

Appraisal Today

FEBRUARY 9, 2024

Acre lot, built in 2023 as a spec home. single-family homes for sale in the fourth quarter were new construction. Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates. This home’s special features are the panoramic vistas. Nationwide, 31.8%

Appraisal 81

Appraisal Contracts Insurance Construction 81

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. October 18, 2023) — Mortgage applications decreased 6.9

Appraisal 72

Appraisal Design Contracts Inspection 72

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. A buyer gets a seller’s disclosure statement for that information. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Sometimes buyers like them and sometimes not. in October 2023.

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Appraisal Contracts Training Architecture 81

Housing Wire

OCTOBER 18, 2022

The NAHB/ HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. Both of these metrics are survey-record lows.

Housing Market 401

Housing Market Buyers Contracts Construction 401

Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. home sales in 2023, the highest level since 2014. We are now experiencing historic shortages. shy of the need.

HOA 36

HOA Transportation Construction Buyers 36

Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.46 percent from 6.81

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Appraisal Contracts Real Estate Architecture 74