Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

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Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. From BLS : Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 As you can see in the chart below, the job growth rate is slowing, as it should.

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Housing Wire

MARCH 16, 2022

On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion. Job gains have been strong in recent months, and the unemployment rate has declined substantially. The implications for the U.S.

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Housing Wire

DECEMBER 29, 2021

economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. mortgage rates, so on the mortgage rate side of the equation, it’s never been better.

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Cleveland Appraisal Blog

APRIL 29, 2021

So, I am grateful for guest bloggers who provide me with some great articles to share with you. Buying a property is not just about creating a home, it is making a long-term investment. Let’s talk about what home appraisers look for, in my experience. Again, there is not much you can do about construction materials.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

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Housing Wire

JANUARY 2, 2023

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. In a normal market, we wouldn’t need to be concerned about weekly data so much, but we aren’t living in normal times. Purchase application data.

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Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. We cannot break over 4.6

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The Robert Weiler Company

SEPTEMBER 23, 2021

While residential property value is primarily determined based on the going sale price of a similar property located in the same or similar community, commercial property relies most heavily on what’s known as the capitalization rate. In fact, according to the US Energy Information Administration, there are an estimated 5.9

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Housing Wire

MARCH 12, 2024

The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? The running average of CPI going back to 1914 has been 3.3%.

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Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

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Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. Currently, home sales are falling like when rates rise.

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Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. What about current active listings? That has translated into multiple bids again and prices increasing. Both fears are understandable.

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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. One was sold about 20 years ago by a famous architect, Julia Morgan. Worth reading.

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Appraisal Today

OCTOBER 13, 2023

If you don’t adjust for the subject being on a busy road, you add a sentence about the neutral impact of the busy road and a comparable to support that conclusion—before being prompted to do so by the underwriter. I am writing two long articles for the November issue about Hybrid Desktops and Property Data Collectors.

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Appraisal Today

OCTOBER 6, 2023

unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. Lots of people wanted to be on the ASB.

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The Robert Weiler Company

NOVEMBER 10, 2021

While residential property value is primarily determined based on the going sale price of a similar property located in the same or similar community, commercial property relies most heavily on what’s known as the capitalization rate. In fact, according to the US Energy Information Administration, there are an estimated 5.9

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Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. The work-from-home lifestyle has changed the way we go about our lives. Office vacancies in U.S.

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Housing Wire

JANUARY 11, 2021

In the same week that we experienced a real-life horror show, the 10-year not only broke over 1% for the first time since the beginning of COVID, but also ended the week with much higher yields! When the election results started to come in positive for Democrats, the bond market sold off and yields went higher, a very bullish response.

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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. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales.

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Housing Wire

OCTOBER 19, 2020

I’ve seen a number of articles lately predicting that mortgage rates will rise in 2021, a couple even from other HousingWire contributors. When I think about the direction of mortgage rates there is only one factor I consider – and that is economic growth. Covid infection rates. is rising again.

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