Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 513

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

Hank Miller Team

JULY 7, 2022

Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity. Both the stock market and national housing market went bonkers and home buyers were right in the middle of it all.

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Hank Miller Team

AUGUST 14, 2022

All of the media outlets have already concluded the housing market is doomed. What if instead of the relentless, bombastic blathering emanating from the media, time was given for patterns to develop? What if the Atlanta real estate market isn’t going to crash? What if this is a period of adjustment and a return to normal?

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. The market is going to go into correction,” he said. “I

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Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

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Realtors Technology Insurance Mortgage 358

Will Springer Realtor

JULY 20, 2021

Gone are the days of buyers and sellers walking into a real estate office to pore over books filled with the latest MLS listings, review typed contracts in triplicate and take in the smell of singed facsimile paper in the air. Wishing to make home upgrades before listing the home on the open market but short on funds?

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Appraisal Today

APRIL 5, 2024

Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. . == Wedding Cake House’ in Kennebunk, ME for $2.6M

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Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy.

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Agents Marketing Contracts Inventory 52

Will Springer Realtor

APRIL 14, 2023

APRIL HOUSING UPDATE The signs are generally pointing in the right direction for our local (and national) residential real estate scene, but it is taking more time than usual to turn a cruise-ship-sized sector around without leaving damage in its wake. The estate has been on the market, on and off, since 2021, then at $14.75M.

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Contracts Buyers Housing Market Design 36

McKissock

JANUARY 18, 2022

Schaechterle suggests that part of developing trust is by setting up clear expectations for a new home buyer. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services.

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Housing Wire

JANUARY 16, 2024

real estate housing market signals have been gradually building for a couple of months. Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. As a result, we’re starting to see slightly more available supply of homes on the market. It’s not a boom.

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Inventory New Listings Sellers Contracts 430

Appraisal Today

JULY 1, 2023

These resources supplement the initial documentation that was released in March 2023 to kick off industry development and preparation for the new appraisal dataset and report. New home sales have been driving purchase activity in recent months as buyers look for options beyond the existing-home market. This link has sample appraisals.

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Appraisal Contracts Market Value Mortgage 88

Housing Wire

MAY 23, 2023

housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. From Census: New home sales: Sales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S.

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Chicagoland Appraisal Blog

JULY 13, 2017

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….

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Appraisal Marketing Realtors Real Estate 78

Appraisal Today

JUNE 23, 2023

Fannie has been upfront about its interest in developing appraisal “alternatives.” A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The models aren’t able to think like buyers and sellers. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.26

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Appraisal Real Estate Valuation Contracts 89

Housing Wire

SEPTEMBER 26, 2023

We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. Fewer new sellers also means that inventory can’t grow too much; the real trouble develops when demand drops and supply surges. What’s happening with inventory?

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Appraisal Today

AUGUST 4, 2023

Once the site was chosen, Bercy and Chen developed a plan to break the 3,000-square-foot house into three main volumes. Inside the house, nearly all the furniture was custom-made To read more and see lots of photos click here My comments: I want this house!! On the other hand, the FHA/HUD 4000.1[II.D.4.(3)(c)]

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Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

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Real Estate Agent Insurance Inspection Buyers 56

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? There are questions about housing market health and what the market is actually doing. This means NOW is a great time to list to take advantage of motivated buyers before other sellers start to saturate the market. Are you searching for a home but cannot seem to find it?

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Sellers Realty Buyers Realtors 64

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Census Bureau and the Department of Housing and Urban Development.

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Housing Market Inventory Construction Marketing 392

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

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Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. This is 12.6 percent (±16.9

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Construction Housing Market Sellers Marketing 370

Cleveland Appraisal Blog

MAY 27, 2021

While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home. So, having a well-developed and supportable opinion of value is important. A word of caution about changes in the market. Is The Entire Birmingham Real Estate Market Hot?

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Market Value Appraisal Buyers Marketing 418

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. However, the seller ended up taking the home off the block before the Dec. 14 auction date.

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Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

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Appraisal Today

NOVEMBER 10, 2022

The use of inordinate adjustments for differences between the subject property and the comparable sales that do not reflect the market’s reaction to such differences, or the failure to make proper adjustments when they are clearly necessary. Development of value and/or marketability conclusions that are not supported by available market data.

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Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. Similarly, the single-family-home market is weak (if not bleak), with new listings down 29% (1128), Active home listings (as of Dec. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2%

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The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. See below why we feel Ohio land for sale market is still ripe for growth. The Ohio housing market has remained resilient over the past year and a half.

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Marketing Real Estate Investing Retail 78

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

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Sellers Buyers New Listings Inventory 58

Will Springer Realtor

JULY 12, 2022

The housing landscape is quite different than when this blog’s 2022 forecast was issued in December. And when the market undergoes a significant shift, it’s important to share the latest picture with consumers. Here’s what has developed so far and what to expect for the rest of the year. for single-family sales.

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Housing Market Marketing Buyers Contracts 41

Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. Marketing Strategies. Power Dynamic.

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Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Here are five of the biggest change in the Texas Real Estate market.

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Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Will Springer Realtor

MARCH 14, 2022

Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. Amid limited housing supply and rising prices, buyers will need to anticipate touring homes that will need some TLC as housing stock ages.

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Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. today – may hold the keys (literally and figuratively) to the housing conundrum. But for how long?

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Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. More on this in a moment.)

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