Housing Wire

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job.

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. On a forward-looking basis, you would expect you don’t have the same tailwinds as you did before.”

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Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

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Appraisal Today

MAY 10, 2024

To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. There is no integrity in that.

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Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA). during the same time.

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Housing Wire

JUNE 13, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. While the Conventional MCAI, which does not include loans backed by the government, decreased 2.3%, the Government MCAI, which examines FHA, VA, and USDA loan programs, fell by 3.8%.

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Appraisal Today

MARCH 15, 2024

However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.37

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. 1) End forbearance plans immediately so more homes come on the market. New Home Supply. Hard pass.

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Inventory Construction Government Housing Market 545

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. What was your business like before the pandemic?

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Zillow

JULY 15, 2019

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Conventional loan : A home loan not guaranteed by a government agency, such as the FHA or the VA. Days on market (DOM) : The number of days a property listing is considered active.

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Housing Wire

MAY 5, 2022

Millennials are the fastest growing segment of homebuyers today, comprising 37% of the housing market. Although mortgage rates are slightly higher than they were six months ago, these buyers face rates that are still far below what they were when their parents first entered the housing market.

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Appraisal Today

AUGUST 4, 2023

The attack on the protected speech of independent appraisers erodes their ability to describe how the properties they appraise relate to the preferences of market participants. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.93 percent from 6.87

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Housing Wire

APRIL 22, 2022

That economic environment has led to spiking interest rates driven by a hawkish Federal Reserve policy and free-market forces — with rates up more than 1.5 For the sector of the mortgage market engaged in non-QM lending, the volatile rate environment is a particular challenge. You have to sell at some point.”. Angel Oak Cos.

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Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market.

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded.

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Appraisal Valuation Business Contracts 410

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

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Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81

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Appraisal Contracts Mortgage Marketing 68

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Best Practices on How to Sell Your House Whether you sell or buy first, you’ll need to get your current home market-ready. Research the housing market.

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Real Estate Agent Buyers Real Estate Mortgage 36

Padove Appraisal Service

JANUARY 11, 2019

The mortgage industry has repeatedly attempted to eliminate the requirement for a home appraisal in the lending process. A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae).

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Appraisal Inspection Buyers Valuation 78

Clear Capital

JULY 26, 2022

Automated valuation models (AVMs) are a cost-and-time-efficient solution for valuing lower-risk properties in home equity lending, portfolio valuation, pre-valuation decisions, and more. Simply put, you want to know if you’re working with a marketing-grade or lending-grade AVM.

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Valuation Lending Tools Real Estate 69

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. The true barometer will be measured by the number of homeowners who enter the market this year – depending on lending rates and personal factors.

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Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020. That hypothesis, too, led to a dead end.

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Appraisal Contracts Valuation Buyers 450

Will Springer Realtor

DECEMBER 19, 2023

“Any one of those risks could cascade into other parts of the market and tip the economy into recession.” In an economic downturn, the housing market typically experiences slower sales and lower prices. The bond market is now pricing in about two to four rate cuts from the Fed over the course of 2024. The number of U.S.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Construction Supply Chain Real Estate Development 36

Will Springer Realtor

APRIL 10, 2024

A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.) In turn, consumers experience the trickle-down effect in the form of costlier lending rates when holding credit card debt or purchasing cars and homes.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. housing market is unrealistic.

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Architecture Design Buyers Construction 36

Housing Wire

APRIL 7, 2021

“I think the math speaks for itself how well the forbearance program has worked, and it’s one of the few times in my career that I have seen a government-initiated program adopted as well and executed as well by the industry as this one,” said Rick Sharga, executive vice president of RealtyTrac.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 370

Will Springer Realtor

NOVEMBER 10, 2023

More than 2.3M, or 31%, of Washingtonians live in a community governed by a Homeowners Association. As Seattle and most of Washington face hard questions about increasing housing density, the government is often exempting communities with established association rules and bylaws. metros, according to ATTOM. in Redmond.

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Housing Wire

NOVEMBER 17, 2020

This year has been full of surprises, but the biggest might be how exceptional the housing market is performing, National Association of Realtors Chief Economist Lawrence Yun said on Tuesday. A lingering trend in the housing market has been the increase of homeowners relocating to the suburbs and vacation towns.

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