Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. Repurchase requests are prompted after GSE quality-review teams uncover underwriting errors in mortgages purchased by the agencies. “It

Mortgage 366

Mortgage Marketing Buyers Lending 366

Housing Wire

JULY 17, 2023

In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. We could see inventory from distressed sellers emerge in 2025.

Real Estate 285

Real Estate Marketing Inventory Contracts 285

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. The national economy is growing.

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

FEBRUARY 13, 2024

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. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. That’s a whopping 134% more than December and a solid 7.0%

New Listings 54

New Listings Buyers Inventory Lending 54

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Worried we did not have enough money for mortgage payments.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

MAY 24, 2024

During my term as an appraisal board member in my state, I encountered several cases in which a mixed-use property or commercial property was appraised as a residential property so a borrower could obtain a residential mortgage. Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation.

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. In April, a typical 30-year, fixed-rate mortgage surpassed 7.0% It is leaving many Americans frazzled.

Marketing 36

Marketing Inventory Buyers Sellers 36

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Mortgage interest rates ALWAYS go up and down. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can. Appraising will be different in 2025. I understand. I email the appraisal and get paid!

Appraisal 86

Appraisal Training Inspection Real Estate 86

Appraisal Today

OCTOBER 6, 2023

2024-2025 USPAP 7-Hour Update Course is being approved or is approved, in the states. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. Builders face diminishing buyer purchasing power and supply constraints, compounding affordability issues. There is a difference.

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

Appraisal Today

FEBRUARY 2, 2024

As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before. At the same time, affordability challenges will persist at higher mortgage rate levels. January 31, 2024) — Mortgage applications decreased 7.2

Appraisal 66

Appraisal Contracts Training Real Estate 66

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. There are 7.4% from a year ago.

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

JUNE 10, 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. ==. recession to begin in 2023, which gathered more votes than 2022 (30%), 2024 (8%) or 2025 and beyond (17%).

Appraisal 52

Appraisal Contracts Business Mortgage 52

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. What’s next?

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MAY 13, 2024

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. .”

HOA 36

HOA Transportation Construction Buyers 36