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. national home price decline. Mortgage rates.

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Housing Wire

JANUARY 19, 2024

Since making some holiday adjustments, we have seen a seven-week positive trend in purchase apps since November. It happened in 2008 and then didn’t happen again until 2023. in December to a seasonally adjusted annual rate of 3.78 Today, we need context for the growth we’ll see in existing home sales in 2024. Sales faded 6.2%

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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%. This week’s purchase application data showed week-to-week growth of 0.2%.

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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. With those two factors still very much in play, here is my 2022 forecast. The 10-year yield and mortgage rates.

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Houston Properties

JANUARY 13, 2021

This is creating a “tale of two cities” both locally and nationally. The Tale of Two Cities. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Get a free home valuation for your house and trends in your neighborhood.

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Appraisal Today

OCTOBER 6, 2023

Over time, I quit following the updates as there were few significant changes. I assume a new class will be required every two years in the future. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. This covers all Definitions, Rules, and Standards.

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Appraisal Today

SEPTEMBER 2, 2022

A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. I was very lucky.

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Appraisal Today

OCTOBER 14, 2022

Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc.

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Appraisal Today

NOVEMBER 20, 2022

Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders. However, time and time again we’d review appraisals, that were accepted by lenders, but had failures such as: • No highest and best use analysis (as if vacant and improved). By Richard Hagar, SRA.

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Will Springer Realtor

MARCH 12, 2024

Mixed economic numbers have turned that smile upside down among interest-rate watchers, as inflation persists and employment stays healthy. This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. in Seattle.

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Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification. 5 Beds | 5.5+

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Will Springer Realtor

JULY 13, 2023

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. In Seattle, 62% of workers come into the greater downtown area at least three days a week. Office vacancies in U.S. urban centers remain mostly higher than in 2019. Bank Centre.

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Will Springer Realtor

APRIL 11, 2023

Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity. Speaking of which, applications for mortgages rose four consecutive weeks before falling a bit during the days leading up to the Easter/Passover holiday.

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Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. In typical rate rising cycles, there is a lack of buyers.

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