Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . Mortgage production in 2022 nationally was down about 50% from $4.44

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Marketing Investing Investors Landlords 396

Lamacchia Realty

DECEMBER 19, 2023

Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% when compared to November 2022.

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Real Estate Sellers Home Value Buyers 57

Eppraisal

DECEMBER 6, 2022

Yet it is another day at the office for realtors, lenders, attorneys and title agencies. An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. Similarly, higher rates might price some purchasers out of receiving mortgage loans.

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Real Estate Marketing Home Value Realtors 69

Lamacchia Realty

DECEMBER 19, 2023

Single families: $663,821 (2022) | $697,656 (2023) Condominiums: $594,726 (2022) | $608,752 (2023) Multi-families: $621,874 (2022) | $658,276 (2023) Homes Listed For Sale: T he number of homes listed is down slightly by 0.69% when compared to November 2022. What does this mean for Buyers ? What does this mean for Sellers ?

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Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

DECEMBER 19, 2023

Single families: $549,922 (2022) | $559,251 (2023) Condominiums: $414,921 (2022) | $533,433 (2023) Multi-families: $501,629 (2022) | $469,320 (2023) Homes Listed For Sale: T he number of homes listed is up by 7.3% 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

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Real Estate Sellers Buyers Realtors 56

Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. The average consumer may not know the difference between the two, however, home buyers and sellers need to know. " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer.

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Appraisal Real Estate Agent Marketing Real Estate 36

Eppraisal

APRIL 25, 2023

In the last post, we looked at how bank failures can lead investors to bonds which, subsequently, pressure mortgage lenders to lower their interest rates. Real estate owned (REO) properties are those that were once collateral to an active mortgage but were seized in foreclosure actions. How Does the REO Process Work?

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Housing Market Real Estate Property Taxes Home Value 36

Raleigh Realty

FEBRUARY 19, 2022

During the home buying process, the appraiser's sole responsibility is to ensure the bank, and thereby you, are paying the cost of what the home is worth. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. Not a cent more.

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Appraisal Process Appraisal Construction Sellers 139

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Contracts Real Estate Agent Sellers Real Estate 36

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates. 14 nationally with 5.5%

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Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

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Appraisal Real Estate Valuation Contracts 86

Lamacchia Realty

FEBRUARY 22, 2023

The market is usually slow to start in the beginning of the year given normal seasonality, but this year consumers are also faced with increased mortgage rates and inflation which means overall buying power is diminished. Nationally, the National Association of REALTORS® (NAR) reports that existing home sales are down 36.9%

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Real Estate Sellers Contracts Buyers 70

Lamacchia Realty

MARCH 28, 2023

Economic factors , chiefly rising inflation, continue to severely impact consumer sentiment and spending, especially as mortgage rates rem ain increased. In February, mortgage rose to the high 6%s, and even went over 7% in early March. Remember, bad for the economy usually translates to good for the housing market and mortgage rates.

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Sellers Inventory Buyers Real Estate 69

Lamacchia Realty

FEBRUARY 21, 2023

Essentially, this means that half the time, Zillow’s home value estimates are within 7.49% of the actual value. If anything, this exemplifies the degree of variance between a Zestimate and actual value of the home – one that a trained REALTOR ® is most likely able to better evaluate!

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Real Estate Agent Real Estate Sellers Realtors 73

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes.

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Marketing Inspection Contracts Buyers 36

Eppraisal

DECEMBER 20, 2022

Get Pre-approved Begin work early in your process to speak with a mortgage lender and get pre-approved (Paying cash for a home? The lender will analyze your income, assets and debt then sharea list of paperwork to submit with your mortgage application. Appraisals will determine the current fair market value of the house.

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Real Estate Buyers Inspection Real Estate Agent 36

Lamacchia Realty

MARCH 28, 2023

Economic factors , such as rising inflation and increased mortgage rates, are significantly impacting consumer sentiment and spending. However, mortgage rates have fallen from their recent highs and are expected to continue doing so in the coming weeks. buyers), a number that will surely go up with mortgage rate drops.

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Sellers Inventory Buyers Real Estate 51

Eppraisal

MARCH 3, 2023

With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. In fact, in most cases it is required by mortgage lenders, and you may not be able to qualify for a mortgage without it. " The average cost of a home warranty is approximately $450-$700.

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Insurance Home Value Legal Investing 36

Eppraisal

MARCH 13, 2021

According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first.

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Buyers Brokerage Contracts Home Value 36

Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. The appraiser will research before visiting your home.

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Lamacchia Realty

MARCH 28, 2023

Rising inflation and other economic factors are having a severe impact on consumer sentiment and spending, especially since mortgage rates rose to over 6%, and even exceeded 7% in early March. Despite the wider economic struggles, this is good news for the housing market and mortgage rates. CONNECTICUT Home Sales Down 25.3%

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Sellers Buyers Inventory Real Estate 53

Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests.

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Appraisal Real Estate Agent Real Estate Inspection 36

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. A large contributing factor to the rise in home prices is the low amount of inventory available. land market.

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Marketing Real Estate Investing Retail 78

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property.

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Reconsideration of Value Appraisal Inspection Advertising 52

Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. Congratulations, frustrated home buyers ! That’s not going to happen. Bottomline.

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Marketing Sellers Buyers Inventory 62

Houston Properties

JANUARY 13, 2021

Top Ranked Realtors: Paige Martin & The Houston Properties Team. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Properties are still going under contract.

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Housing Market Marketing Real Estate Realtors 68

D Fritz Appraisals

MARCH 16, 2021

It takes the home itself, the neighbourhood and the available historical data into account to determine the most accurate valuation. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)

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Appraisal HOA Easement Valuation 126

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. National mortgage originations closed the year at less than $1.5

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Real Estate Sellers Home Value Inventory 36

Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. These programs are designed to help people buy their first home. Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments.

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Real Estate Agent Real Estate Insurance Inspection 78

Houston Properties

JANUARY 12, 2022

A study of 400,000+ Houston home sales over two decades shows five major investment themes that have worked very well for homeowners (even if they paid “high prices” at the time). This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. I May Need To Sell. What Should I Do?

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Real Estate Marketing Real Estate Agent Realtors 36

Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.

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Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Insurance companies may argue, however, that the costs are simply increasing along with home values. The average mortgage holder paid $4.90

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Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%.

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Housing Market Real Estate Marketing Buyers 36

PennyMac

DECEMBER 22, 2020

The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. HVAC, plumbing), the structural integrity of the home, and check the prices of comparable homes in the area. Is an REO Home the Right Fit For You?

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Inspection Real Estate Agent Real Estate Agents 69

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. In fact, rates have fallen by an average of 1.1 Everett claimed the No.

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Assurance Financial

NOVEMBER 9, 2021

Marketing a home in a buyer’s market vs. a seller’s market requires different tactics. In a market that favors buyers, sellers and their realtors have to put in a much greater effort to make their homes stand out through means of social media, open houses, and advertisements. Marketing Strategies.

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