Most Areas Report Declining Contract Activity

Appraisal Buzz

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this year. The post Most Areas Report Declining Contract Activity appeared first on Appraisal Buzz.

Redfin: 60k+ Buyers Cancelled Contracts in August

Appraisal Buzz

of all homes that went under contract that month. The percentage of backouts has now hovered around … The post Redfin: 60k+ Buyers Cancelled Contracts in August appeared first on theMReport.com.

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A Contract is Born

Appraisal Buzz

What makes a contract a contract? The post A Contract is Born appeared first on Appraisal Buzz. Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that … Read More.

A Contract is Born

The Appraiser Coach

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

YoY Contract Activity Slips in Major Regions

Appraisal Buzz

Year-over-year contract activity slid in all four major regions. The Pending Home Sales Index (PHSI) edged … The post YoY Contract Activity Slips in Major Regions appeared first on theMReport.com.

Fraud risk continues to rise even as the market contracts

Housing Wire

Wire and title fraud remained at all time high levels in the second quarter of 2022 while the market contracted, rates increased and fraud risk continued to rise,” FundingShield CEO Ike Suri said. The post Fraud risk continues to rise even as the market contracts appeared first on HousingWire.

Contract Data Is Pending Data Is Lagging Data

Miller Samuel

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current.

Contract Volume, New Listing Volume Experiences Largest Off-Seasonal Decrease

Appraisal Buzz

In July, economic uncertainty and another steep interest rate hike from the Fed appeared to have impacted … The post Contract Volume, New Listing Volume Experiences Largest Off-Seasonal Decrease appeared first on theMReport.com. The post Contract Volume, New Listing Volume Experiences Largest Off-Seasonal Decrease appeared first on Appraisal Buzz. HouseCanary, Inc.

Mortgage Contracting Services Announces Craig Torrance for CEO Role

Appraisal Buzz

The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on DSNews. The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on Appraisal Buzz.

7.3% Fewer Listings Under Contract YoY in July

Appraisal Buzz

Fewer Listings Under Contract YoY in July appeared first on theMReport.com. Fewer Listings Under Contract YoY in July appeared first on Appraisal Buzz. Record-high home prices may be causing some buyers to retreat, as affordability continues to play a factor in homebuyers’ decisions.

Pulte Mortgage Contracts with Black Knight for MSP Servicing System

Appraisal Buzz

MSP is a comprehensive, end-to-end platform that supports all aspects of servicing – from loan boarding to default – for first mortgages, as well as home equity loans and lines of credit, The post Pulte Mortgage Contracts with Black Knight for MSP Servicing System appeared first on Appraisal Buzz.

Housing Market Showing Nearly 60% of Listed Homes Under Contract Within Two Weeks

Appraisal Buzz

Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed, according to a new report from Redfin. The post Housing Market Showing Nearly 60% of Listed Homes Under Contract Within Two Weeks appeared first on Appraisal Buzz.

Virginia Housing, Black Knight Renew Contract for MSP Servicing System

Appraisal Buzz

Virginia Housing has renewed its contract to use Black Knight Inc. ’s The post Virginia Housing, Black Knight Renew Contract for MSP Servicing System appeared first on Appraisal Buzz. s MSP servicing system. Virginia Housing has been a Black Knight client for 25 years. Through its continued use of MSP, Virginia Housing will be equipped to further automate its processes and support residents within the state.

What Does Under Contract Mean in Real Estate?

Raleigh Realty

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing.

What’s in a Sales Contract? Insights from a Seasoned Appraiser

Appraisal Buzz

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to. The post What’s in a Sales Contract?

6 Fields & Features to Add To Your Digital Manufacturing Contracts

GoForrmz

Augment your manufacturing contracts with these powerful fields and features Digital form fields and features can significantly improve the completeness and professionalism of your manufacturing contracts and service agreements.

Can the Seller Change the Disclosure After Contract?

Hank Miller Team

Can the seller change the disclosure after contract? Contracts fall apart as buyers claim things were omitted, information wasn't accurate, something that was to remain was taken.the list is ever growing.

What does it mean to be “out of contract” in a home sale?

San Jose Real Estate

Buying Tips Contracts & Forms Selling Tips buyer default Covid default escrow in escrow out of contract Real estate seller default sickness silicon valleyIn other words, there is a seller or buyer default happening. How can that happen?

The Appraisal is Below Contract Price, Now What?

Hank Miller Team

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

SitusAMC renews contract with SBA of Florida

Valuation Review

a provider of trusted solutions supporting the entire lifecycle of real estate finance, renewed its contract with Florida’s State Board of Administration. SitusAMC Holdings Corp., The move helps provide real estate valuation and loan administration services

Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount.

The housing market has shifted

Sacramento Appraisal Blog

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches.

How much are buyers paying above the asking price?

Sacramento Appraisal Blog

Market Trends Appraisal Appraised Value Appraiser bidding wars chaotic housing market contract price getting into contract housing 2021 housing market how much are buyers paying original list price paying above appraised value sacramento housing trends Sacramento Real Estate Market

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. What Is a Land Contract?

A sharp change in the housing market

Sacramento Appraisal Blog

Market Trends appraisals fewer buyers Home Appraiser House Appraiser increase of listings market stats pending contracts down Placer County Price deceleration price growth slowing Ryan Lundquist Sacramento County sacramento housing market trend graphs

US contraction an omen for Canadian economy, says BMO's Guatieri

Mortgagebroker News

A recession will be "very difficult" to avoid if current trends do not abate

Is the housing market getting back to normal?

Sacramento Appraisal Blog

“The housing market is getting back to normal.” ” I hear that quite a bit, but is it true? Well, yes and no. Let me explain.

The ugly side of housing: low inventory

Housing Wire

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals.

Canceled Home Contracts Hit a Two Year High in June 2022

Hank Miller Team

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating.

What Does Under Contract Mean in Real Estate?

Mashvisor

As a real estate investor, you may occasionally bump into the term “under contract.” ” But what does the term mean in real estate investing?

Filogix and Newton-Velocity announce three-month extension of access contracts

Mortgagebroker News

Velocity clients will have continued access to the direct "lender pipes" offered by Filogix

December 2021 REALTORS® Confidence Index Survey: Fewer Buyers Waiving Appraisal, Inspection Contract Contingencies

National Association of Realtors

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

Tips for Homeowners Concerned About Appraisals Below Contract Price

Will Springer Realtor

About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. Not all home appraisals – and those who conduct them – are created equal.

MCS CEO Caroline Reaves announces her retirement

Housing Wire

Caroline Reaves, CEO of property services provider Mortgage Contracting Services , announced her retirement on Tuesday after leading the company for 14 years.

Homebuyers drawn to cheaper areas in Midwest and South

Housing Wire

Homebuyer contract signings in the U.S. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement.

Hamptons home sales begin cooling after summer’s frenetic pace

Housing Wire

Signed contracts to purchase single-family homes rose 76% in September from a year ago as wealthy New Yorkers sought refuge from COVID-19. Contracts on homes priced $500,000 to $999,000 fell 1.7%

What is An Active Option Contract in Real Estate?

Mashvisor

While real estate websites like Mashvisor have made it easier than ever for beginner real estate investors to find potential income properties online, they still have to navigate a sea… Beginner Investors Investor Blogs Appraisal Home Inspection Listings

Square Foot Prices Up in 2020

Eyes on Housing

Median sale and contract prices per square foot went up across all US regions, except for. Read More › Construction Statistics Economics Housing Data home building price per square foot s: contract price per square foot sale price per square foot single-family Square foot price

Chicago Homes Under Contract Experienced Optimistic Increases 3rd Week in A Row During COVID-19 Stay At Home Order

Chicagoland Appraisal Blog

Some optimism is in order as listings under contract have experienced stable increases for the 3 rd week in a row (scroll to bottom). .