Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

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Mortgage Marketing Investors Lending 339

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. The days on market were too low.

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Inventory Housing Market New Listings Marketing 538

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. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 373

Housing Wire

JULY 12, 2022

Dubbed “Lock & Shop,” the product, rolled out in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to close the contract; or the 90-day lock, giving customers 60 days to find a home and 30 days to complete the contract. . The product also allows a one-time float down if rates decline.

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Mortgage Contracts Valuation Marketing 367

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. ”

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Mortgage Clients Retail Marketing 358

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. In a June 2022 letter, nonbank trade group Community Home Lending Association suggested increasing the lender fee to 2%, plus a $500 underwriting fee.

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Mortgage Loan Officers Government Buyers 369

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

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Appraisal Today

DECEMBER 8, 2023

The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S. ”… Question 2: does the lending industry owe the appraiser a living? homes dropped 29.7% are confusing.

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Appraisal Real Estate Contracts Design 69

Housing Wire

DECEMBER 20, 2021

According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We The program prevented $8.3

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Housing Wire

AUGUST 23, 2023

We’ve done that through products like One Day Mortgage, which are helpful to a consumer if they’re buying or shopping for a home because literally the same day that they enter into a purchase contract, they can get a commitment letter on their mortgage. So we’re thinking about that.

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Realtors Technology Insurance Mortgage 357

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

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.”.

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Lending Mortgage Investors Marketing 377

Housing Wire

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. First, the non-QM market is poised for long-term, sustainable growth. The timing is right from the capital markets perspective, too.

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Lending Investors Real Estate Agent Loan Officers 312

Patch of Land

OCTOBER 16, 2018

The question is: how should this affect your expectations as a house flipping investor? Does a Slowdown in Housing Mean Less Profits as a House Flipper? As Freddy Mac’s Sam Khater explained, housing downturns are usually caused by an over-supply of housing stock.

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Appraisal Today

AUGUST 5, 2022

The housing market is cooling-off. Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Find out why not.

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Appraisal Valuation Contracts Modernization 59

Cleveland Appraisal Blog

MARCH 18, 2021

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

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Appraisal Investors Buyers Market Value 195

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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Housing Market Marketing Buyers Sellers 36

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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Housing Market Marketing New Listings Buyers 41

Appraisal Today

APRIL 12, 2024

Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. I believe it would be much better to look in a competitive market area to the subject to locate sales more similar in age or use a sale with a slightly older date of sale and adjust for time. percent from 0.5

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Appraisal Today

MAY 26, 2023

Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Appraisers analyze the purchase and sale contract to amass and verify data to have detailed data to use in the analytics of future assignments.

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Easement Contracts Appraisal Inspection 52

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. They are risky for the lender and its investors. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.41

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Appraisal Contracts Mortgage Marketing 69

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. higher compared with last year.

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Housing Market Marketing Buyers Real Estate 36

Appraisal Buzz

MAY 24, 2021

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. However, things aren’t always as straightforward as they seem.

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Appraisal Tenants Buyers Landlords 397

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S.

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Mortgage Real Estate Law Lending 36

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

Will Springer Realtor

DECEMBER 19, 2023

In an economic downturn, the housing market typically experiences slower sales and lower prices. Economists and investors have been upbeat about how the employment picture has remained mostly resilient in the wake of economic headwinds. Is the market getting ahead of itself? It’s going to stop getting worse.”

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. Supply-side struggles are at the root of the housing shortage, noted Robert Dietz, chief economist for the National Association of Home Builders. “I

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Construction Supply Chain Real Estate Development 36

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Scary, indeed, but are these signs of a pending housing recession? There are 7.4% Sales inched 1.0%

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Finance Inventory Construction Buyers 67

Housing Wire

APRIL 7, 2021

The CARES Act caused some confusion among servicers when it was first passed, however, Stevens worries that a foreclosure halt could potentially hurt relationships with investors long term. And according to Black Knight , servicers have advanced almost $19 billion in unpaid principal and interest to investors in the past year.

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Investors Legal Contracts Government 367

Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The actions are fueled by a growing number of buyer contract cancellations, rising to 68% of all KB Home deals in Q4, up from only 13% in the same period a year ago.

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? I know a lot of people are expecting housing prices and sales to peak and then decline.”

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Real Estate Buyers Construction Sellers 69

Appraisal Today

SEPTEMBER 9, 2022

But here’s the reality: Even in today’s fraught, price-squeezed housing market, you don’t actually need to be rich or famous to afford a sprawling home. Because of the housing shortage, investors are buying single-family residences. Those investors are buying in bulk. You just need to know where to look.

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Reconsideration of Value Appraisal Clients Contracts 52