Housing Wire

MAY 2, 2023

From the year 2000 until the start of the pandemic in 2020, existing-home inventory made up nearly 90% of total home inventory. And, unfortunately, sellers are not selling in today’s higher mortgage rate environment. Since then, tenure has further increased to a historic high of 10.7 The result is fewer sales.

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Housing Market Marketing Sellers Inventory 397

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

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Marketing Mortgage Supply Chain Inventory 458

Housing Wire

NOVEMBER 9, 2022

In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. Since the start of October, the year-over-year declines have been in a range of 39% -42% each week. Purchase application data is now below 2008 levels!

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New Listings Inventory Housing Market Sellers 496

Housing Wire

DECEMBER 8, 2021

While the rate of growth of home prices is cooling off (the S&P CoreLogic Case-Shiller Home Price Index typically lags), it’s still at a very unhealthy level for me. While I didn’t believe we could start 2022 at a new all-time low for housing inventory, this can’t be ruled out any longer.

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Inventory Housing Market Marketing Mortgage 520

Housing Wire

MAY 23, 2023

Auction.com bidding behavior turned sharply more conservative in the second half of 2022, particularly in the fourth quarter, indicating a mild home price correction of less than 5% nationwide in early 2023. This article is part of our ongoing 2023 Housing Market Forecast series. The national median home price decreased 1.7%

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Housing Market Marketing Retail Sellers 432

Housing Wire

MARCH 14, 2023

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? percent in February on a seasonally adjusted basis, after increasing 0.5

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Mortgage Marketing Housing Market Government 384

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. 2022 Forecast series.

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Housing Market Marketing Supply Chain Mortgage 410

Housing Wire

NOVEMBER 18, 2022

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. American Financing Corporation originated $4.13

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Loan Officers Modernization Finance Housing Market 421

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion.

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Housing Market Marketing Inventory Mortgage 491

Housing Wire

MARCH 15, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? Inventory is about to increase as it always does during this year.

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Inventory Housing Market Retail Marketing 450

Housing Wire

DECEMBER 2, 2022

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. We now have a better idea of what the Federal Reserve wants to do with their Fed rate hikes, and we have a lot of data that shows that the economy will look different 12 months from now.

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Marketing Transportation Retail Mortgage 515

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? The last time we had 5% mortgage rates was in 2018.

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Housing Market Marketing Inventory Mortgage 421

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? There was so much information to absorb and retain.

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Inventory Loan Officers Clients Mortgage 384

Housing Wire

JUNE 17, 2022

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. Below, Hill answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? HousingWire: What do you think will be the big themes for the housing market in 2022?

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Modernization Inventory Tools Lending 384

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 2 Digital adoption.

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Mortgage Technology Loan Officers Business 533

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. The problem: They did not qualify for the loans.

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Mortgage Marketing Finance Insurance 397

Housing Wire

APRIL 22, 2022

This week’s HW+ member spotlight features Matthew Blanchard, producing sales manager at Academy Mortgage Corporation. Blanchard previously worked art Loan Depot before joining in growing Academy Mortgage Corporation. HousingWire : What is your current favorite HW+ article and why? I started when I was 10 years old.

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Housing Wire

MAY 5, 2022

This article is part of our housing market update series. And these low vacancies have caused rental rates to accelerate at an unprecedented pace, with asking prices soaring 17% year-over-year according to RealPage , making homeownership more economical in many markets across the country. lower than it was in March 2021.

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Housing Wire

JANUARY 27, 2022

I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way. I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way.

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Mortgage Marketing Inventory Housing Market 410

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

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Mortgage Loan Officers Technology Real Estate 421

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. Recession red flag No. 3: The inverted yield curve.

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Housing Market Mortgage Marketing Inventory 450

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. START A BLOG. Starting a blog is not difficult.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

MAY 31, 2022

Gal and other company representatives did not return messages for this article. The recent brokerage IPO wave started with Redfin in 2017. The San Francisco company was now “backed by the top three technology initial public offering underwriters,” Side announced at the time , and the money raise “sets the stage for a future IPO.”.

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Real Estate Brokerage Realty Valuation 384

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

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Law Mortgage Legal Finance 370

Appraisal Today

APRIL 5, 2024

To read more, Click Here My comments: The article also discusses bias. I started appraising before the Internet and easy scanning and filing. We’ve all also heard ad nauseum that USPAP is a minimum standard. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

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Appraisal Contracts Business Construction 76

Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. Here are a few of the many survey results. Not very positive. I was surprised at how negative they were.

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Appraisal Training Inspection Real Estate 86

Appraisal Today

FEBRUARY 23, 2024

The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. I wrote an article Why I am an appraiser, in a recent paid monthly newsletter (excerpts below). I find myself scouring 2021 onward especially.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

OCTOBER 27, 2023

My small city has online articles about all the haunted homes and other buildings, plus a World War II aircraft carrier. Search for “Your City” haunted locations, and you will probably find articles. They were concerned that the electric was still on and could pose a danger as you could hear an electrical buzzing sound.

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Property Appraisal Appraisal Business Contracts 71

McKissock

MARCH 11, 2022

After a week of declines, mortgage rates are back on the rise. ” This Redfin News article provides an overview of “how drastically the housing market has changed since then.” ” This Redfin News article provides an overview of “how drastically the housing market has changed since then.”

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Housing Market Appraisal Marketing Home Value 79

Appraisal Today

DECEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on time saving tips, Waivers, Non-lender appraisals, Tax savings, unusual homes, mortgage origination stats, etc. I’ve found this when pulling comps through the years, and I’ve also shown this when making graphs. But it’s still not a major difference.

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Appraisal Business Contracts Technology 87

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. To read more, Click Here My comments: Read the full article! This article uses surfing as an excellent illustration.

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Appraisal Mortgage Business Contracts 74

Appraisal Today

JULY 7, 2023

Filed in August 2022 in the U.S. To read more, click here My comments: Long article and worth reading. But, it all changed in the mid-1970s, when I started appraising and was no longer allowed. Connolly & Mott v. Shane Lanham et al. Discusses many issues and lawsuits. I don’t write about this topic much.

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Appraisal Real Estate Contracts Mortgage 75

Appraisal Today

DECEMBER 2, 2022

Persons who started in sales but were not very good sometimes went into appraising. NAR Appraisal Survey 2022. NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. To read the letter (PDF), click here.

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Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

JULY 21, 2023

In dramatic contrast, when I first started appraising “over the hill”, 10-15 miles away where there are many subdivisions, I noticed that in certain neighborhoods, a pool was almost mandatory. Keep in mind the presence of a pool could be about lot size also – not just the price range. Ultimately, let’s look to the comps for the answers.

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Appraisal Real Estate Contracts Business 88

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? The house is like a piece of art.”

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Appraisal Real Estate Contracts Design 66

Housing Wire

FEBRUARY 14, 2022

I started at Redfin 12 years ago,” she said. Redfin CEO Glenn Kelman. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I And in 2017, I decided to go on full-time as a lead agent.”. But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations.

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Business Brokerage Real Estate Agent Agents 370

Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. To read more about the May 2022 proposal to eliminate the fee panel , click here . VA Approves Desktops and Exterior-Only Appraisals. To read it, click here.

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Appraisal Valuation Contracts Modernization 59