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Why purchase application data is below 2008 levels

Housing Wire

Credit growth in the previous expansion was going to be slow and steady until our household formation data got high enough to get demand higher. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6%

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Home Price Increase: The Highest in More than 15 Years

Empire Appraisal Group

Home Price Increase: The Highest in More than 15 Years. Source: Home Price Increase: The Highest in More than 15 Years | Florida Realtors. Share this article: Facebook Twitter LinkedIn Print Share. Home Price Increase: The Highest in More than 15 Years. AndreyPopov, iStock, Getty Images.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

See the last article in this list for more info on Tidewater. ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents.

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Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. Some of the late incoming 2022 data show significant slowing. As a result, we expect the Q4 2022 GDP print to be a temporary positive blip, and for 2023 headline growth to be negative 0.5

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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Mortgage demand needs to slow down. Houston, we have a problem. million and 6.16 million and 6.16

Inventory 538
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Appraising Solar Panels

Appraisal Today

The article is worth reading. Solar for homes is everywhere now. Taking a webinar or class from him is definitely worth the price. But in today’s tight market, with orders as scarce as hens’ teeth, let’s explore some other approaches to solving this problem. First: How do appraisers value any amenity of a property?

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Appraisal Risk, Reviews, and Revisions

Appraisal Today

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. By Ken Dicks.