Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. In this market, we are seeing a lot of appraisal gaps being written into contracts. Prepare for bidding wars ahead of time. Buyers all over the country are facing bidding wars after making an offer.

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Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. However, personal spending remains high and debt is piling up a record levels; the average car payment is pushing $750/mo before insurance, and that's for a 72 mo loan.

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Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Confirm that you are covered by your appraisal E&O insurance policy for hybrid and desktop appraisals. Government purchase applications provided a bright spot, increasing 2.4 Just over 8% of U.S. percent from 7.09

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Appraisal Today

JUNE 23, 2023

They don’t pick up design flaws, emotion-based style preferences, ambient noise levels, smells, street parking issues, market tastes, perceived quality of school districts and responsiveness of local government. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73

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Houston Properties

JANUARY 13, 2021

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Properties are still going under contract.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Today

AUGUST 13, 2023

Here’s another thought for you to ponder: HUD, a governmental agency, is attacking appraisers who do their work per the guidelines established by two “quasi-governmental entities”, the two GSE’s, and two other government agencies, HUD/FHA, plus the VA. government debt rating. The refinance share of mortgage activity decreased to 28.7

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Miller Samuel

MARCH 19, 2019

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). November: Control of the New York State Senate flipped.

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Appraisal Today

OCTOBER 21, 2022

Inventory levels. Check with your E&O insurance company to see if they offer tail coverage and what the requirements are. Some E&O Insurance companies offer free tail coverage with certain criteria, For example: Must be appraising for at least 20 years. Must be insured by the company for the past 5 consecutive years.

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The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes. What Does Low Inventory Mean for Ohio Land for Sale? Residential Real Estate Sales.

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Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. However, due to the limited funds available through his insurance policy, which only covers $100,000, Mr. Lanham is seeking to raise an additional $50,000 through a GoFundMe campaign.

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PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? If it’s a seller’s market now, you might encounter tight inventory. Coordinating this can be tricky, however.

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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.) INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. The settlement could be rejected or amended. (A

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Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. That is a significant amount of pent-up demand, some of which is waiting for a drop in rates and more inventory. Depleted inventory and weaker sales volumes make for difficult forecasting.

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Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. I have written on this topic before.

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Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. An insurance company offered a good example of just how bad it has gotten. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. existing home sales.

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Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Inventory remains a big concern. months of single-family-home inventory in King County and on the Eastside, and 0.5 months (6 days) of single-family inventory. months (6 days) of single-family inventory.

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Will Springer Realtor

NOVEMBER 12, 2021

Zoning , the regulation of land use and structures, essentially dictates how and where we live – with near-unbridled discretion by local governments. shows a link between heart health and inclusionary zoning, where local governments require developers of new multifamily buildings to set aside a certain number of units for low-income housing.

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