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. Home price s. national home price decline.

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Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes.

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Housing Wire

JANUARY 12, 2022

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. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Houston, we have a problem.

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Housing Wire

JUNE 27, 2023

This means they will cut prices, buy down rates, and do whatever it takes because they’re in business to make money. They have no emotional ties to houses and don’t need to sell a home to buy another one. The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008.

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Movoto

APRIL 24, 2024

The “Sunshine State” is an appealing place for all kinds of folks, hence why people moving to Florida cite all kinds of reasons for their relocation. So, why is everyone moving to Florida, and what keeps them there after relocating?? So, why is everyone moving to Florida, and what keeps them there after relocating??

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic work is to connect the dots or show a pathway to why something could happen. “I don’t expect a boom in housing construction.

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Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. How can housing inventory be so low today when it skyrocketed back in 2009? housing market.

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Appraisal Today

JUNE 9, 2023

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? How reliable is that data? baths, 9,700 sq.ft.

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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. The 10-year yield and mortgage rates. The forecast. Current conditions don’t support this.

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Housing Wire

NOVEMBER 22, 2021

million, that would mean it’s a good year for housing demand. A big part of my work since the end of 2020 is explaining to people that housing data was going to moderate because the make-up demand from COVID created a surge in sales that is very abnormal. This, to me, would be considered a good year for housing.”.

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Appraisal Today

JULY 8, 2022

pays higher appraisal fees. Mortgage Bankers Association advocated for the proposal. non-lender appraisals, hurricane with and surge risks, unusual homes, mortgage origination stats, etc. =. Half House in Toronto. Excerpts: Built sometime in the late 19th century, a Victorian-era row house was constructed on St.

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Housing Wire

NOVEMBER 23, 2022

From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. percent)* above the revised September rate of 588,000, but is 5.8

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? Get a free home valuation for your house and trends in your neighborhood. Why Markets Boomed In a Year of Human Misery. Why Markets Boomed In a Year of Human Misery. Worried about missing out on a boom?

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Appraisal Today

SEPTEMBER 8, 2023

On top of that, what if the credit card is stolen and the last party animal damaged the house or fell off the deck and wants to sue the owner for a defective deck railing? STRs are far more than real estate; they include a business also known as a “growing concern” or intangible property. But is it really that simple? Short answer—no.

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Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Storage space abounds in the 1, 055 sq. garage as well. Meanwhile, Ms.

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Appraisal Today

SEPTEMBER 29, 2023

Today, they are becoming popular to get extra rentals in markets low on housing. Most recently, there is a possible regulation to sell them separately from the main house. To see the listing’s virtual tour and 45 photos, click here My comments: Definitely a different house for the Napa wine growing area!

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Appraisal Today

SEPTEMBER 2, 2022

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. Avoid this by explaining why you cannot guarantee a value or remove that deferred maintenance photo from your report.

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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. higher YoY.

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Will Springer Realtor

JANUARY 9, 2024

Instead, many eyes may have been captivated by something else dropping – interest rates. The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024.

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Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory , thankfully, saw some decent growth last week. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher.

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The Robert Weiler Company

NOVEMBER 10, 2021

While residential property value is primarily determined based on the going sale price of a similar property located in the same or similar community, commercial property relies most heavily on what’s known as the capitalization rate. By comparison, an Olympic-sized pool contains 13,455 square feet. million pools to fit it all in.

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Appraisal Today

MAY 5, 2023

To read more plus appraiser comments, click here My comments: Read this article! To read more plus appraiser comments, click here My comments: Read this article! It is more of a complex decision tree or flow chart, where ‘yes/no’ questions trigger new sections and required data and supplements. A good analysis in one location.

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