Remove articles weekly-active-inventory-growth-still-too-slow
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. So, we need to be very mindful of the weekly data to get clues on the marketplace. Demand is rising from a low bar, and total housing inventory levels are still historically low.

Inventory 507
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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. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

Inventory 449
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Logan Mohtashami on how the housing market is holding up

Housing Wire

So, I would label this a mild decline in purchase application activity after making the Covid-19 adjustments. HousingWire: How are existing home sales trends and inventory affecting the housing market right now? However, the 5%+ mortgage world means we have more downside activity than that. Inventory is very seasonal.

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Housing Market Tracker: Purchase apps surprise

Housing Wire

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. The recent growth broke that streak, but demand is still low.

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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. Overall, we don’t have a distressed market, but let’s keep our antennas up about all of this while actively cultivating objectivity. Click here == How to stay positive with slow business In the April 2024 issue of Appraisal Today. I am still trying to understand why.

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The End of Lender Appraisals?

Appraisal Today

Soon, these words, too, will need to be banned. The Future of Residential Lender Appraisers Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! This marked its slowest annual growth rate of 4.8%

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Too many appraisers?

Appraisal Today

Too many appraisers? Practices: Current practice is still embedded in the concepts of 8 ½ X 14 paper forms, spreadsheets, or narrative explanation of the opinion of the person (appraiser, evaluator) or automation programmer. Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!