Remove articles mortgage-demand-rises-for-a-second-straight-week
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday.

Inventory 483
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. However, I need to put some context into what happened in 2022.

Inventory 450
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What the surge in COVID cases means for the housing market this winter

Housing Wire

With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection rates during the winter months as one of the economy’s high-risk variables.

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Why new home sales are finally moderating

Housing Wire

I warned about the negative headlines that would inevitably follow the moderation in sales in this HousingWire article. First, there is no evidence for this, and second, this makes no sense. But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. This represents a supply of 4.1

Inventory 525
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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc. What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract?

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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.

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Appraisals and Water Frontage

Appraisal Today

It was from the second floor only, and over a six-foot high concrete block wall and across an open field. Excerpts: What about an off-site water view? In a large townhouse-style condominium complex, there were only eight units that had water views. The view was of a section of the Intracoastal Waterway. Water rights play a major role.