Miller Samuel

APRIL 29, 2020

In our post-Coronavirus world, it is clear that market conditions and our understanding of the future are subject to change every day. In my prior post Establishing the COVID-19 Demarcation Line: From ‘Hanks To Banks’ , data that falls after the line represents a different market. Incidentally, contract prices are not readily shared.

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Contracts Real Estate Agent Inspection Law 195

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Housing Market 417

Housing Market Marketing Contracts Finance 417

Inman

AUGUST 30, 2023

From financing to contingencies, Eric Bramlett walks you through creating a compelling contract to come out on top in multiple offer scenarios.

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Contracts Finance Agents Marketing 176

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).

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Marketing Contracts Finance Home Value 383

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant.

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Housing Market Mortgage Marketing Contracts 446

Housing Wire

JULY 21, 2021

. “ Limited inventory and higher prices are keeping some prospective homebuyers out of the market,” Kan said. On an unadjusted basis, the market composite index decreased 4% compared with the previous week. The post Mortgage applications fall amid market jitters appeared first on HousingWire. from 64.1%

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Mortgage Marketing Contracts Inventory 446

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

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Housing Market Marketing Contracts Buyers 383

Inman

SEPTEMBER 18, 2023

Nearly 60,000 home purchase contracts were canceled nationwide during August, according to Redfin's report.

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Contracts Buyers Marketing Mortgage 176

Inman

JANUARY 23, 2023

The house is now under contract after just six days on the market, according to a listing on Zillow. Listing photos on Zillow show firefighters extinguishing the blaze as the $1.5 million, 25-year-old mansion actively burns.

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Contracts Marketing 147

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

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Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

MAY 13, 2021

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. Sheridan’s listing appraised at the contract price, and the deal went through without a hitch.

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Housing Market Appraisal Marketing Contracts 518

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

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Housing Market Marketing Contracts Lending 370

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison expects to bring three additional securitization deals to market in 2022, according to a company executive. We [the shared home-equity industry] are not a multi-trillion market.

Investing 368

Investing Marketing Contracts Investors 368

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Mill Valley, California-based Redwood Trust sees the market sector as fertile ground as well. for 2021-HE1 and 23.8% for 2021-HE2.

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Investors Marketing Contracts Investing 406

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

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Loan Officers Marketing Retail Renovations 370

Sacramento Appraisal Blog

SEPTEMBER 21, 2021

The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe). Are buyers finally gaining more power?

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Buyers Housing Market Marketing Contracts 401

Appraisal Buzz

JUNE 17, 2022

According to a new report from Fannie Mae’s Economic and Strategic Group (ESR), a combination of rising interest rates and elevated inflation will continue to weigh on the housing market and are now predicting a 1.2% full-year market growth. The post Slowing Housing Market Expected Soon appeared first on Appraisal Buzz.

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Housing Market Marketing Contracts Appraisal 283

Housing Wire

SEPTEMBER 23, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1% The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.35% from 3.41%. The USDA share of total applications rose to 0.6% from 3.07%.

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Housing Market Mortgage Contracts Marketing 535

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. Midwest metros like Minneapolis, St.

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Housing Market Marketing Inventory Buyers 407

Housing Wire

SEPTEMBER 9, 2020

Nevertheless, there continues to be resiliency in the purchase market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.07% from 3.08%. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA fell to 3.16% from 3.19%.

Mortgage 427

Mortgage Contracts Marketing 427

Inman

NOVEMBER 30, 2023

The vacation home company hired the digital twin creator in a multi-year contract to help market its global portfolio of vacation homes under management. Matterport and Vacasa will be traveling a lot together in the near future.

Marketing 190

Marketing Contracts Technology 190

Housing Wire

DECEMBER 11, 2020

With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. Using CoreLogic TrueStandings data, we estimate that there will be about 20 million home mortgages outstanding at the start of 2021, with a contract interest rate of 4% or higher. 2020 was a truly unprecedented year.

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Housing Market Marketing Contracts Mortgage 545

Inman

JANUARY 18, 2024

The duplex at Central Park Tower marks one of the rare deals in New York City that has commanded nine figures in recent years. When it was first listed in early 2023, the unit asked $175 million.

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Contracts Development Marketing 176

Housing Wire

OCTOBER 12, 2021

That is done via what is called a home-equity investment contract, or an HEI. This week, Redwood and Point, the latter founded in 2014, announced that they have completed a first-of-its-kind securitization supported by those HEI contracts. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day.

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Contracts Marketing Investing Real Estate 383

Housing Wire

MAY 4, 2023

A paradoxical picture is emerging as the spring market is underway. On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. All major housing market metrics point to a restrained housing market. What can we expect in 2023? Buyer disappointment.

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Housing Market Marketing Inventory Buyers 417

Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. Why today’s housing market makes speed and agility crucial for lenders.

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Housing Market Marketing Inventory Brokerage 537

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Market Marketing Inventory Buyers 395

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

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Housing Market Marketing Real Estate Agent Real Estate 525

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job NAR’s Pending Home Sales Index (PHSI) increased to 77.3

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Contracts Housing Market Construction Inventory 454

Cleveland Appraisal Blog

JULY 20, 2022

An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. In this hot market, it’s not surprising that this type of clause is being written into some contracts.

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Appraisal Market Value Contracts Buyers 397

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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Contracts Real Estate Property Taxes Legal 36

Housing Wire

MARCH 1, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances that are $726,200 or less increased to 6.71% from the previous week’s 6.62%. Mortgage loan originators had hoped for a heated spring housing market, as rates were declining in January, but hopes are dimming.

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Housing Market Business Mortgage Marketing 383

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022.

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Contracts Appraisal Sellers Buyers 98

Housing Wire

FEBRUARY 1, 2023

” The seasons ahead Industry experts believe that the purchase market will recover in the spring, despite the volatility. The average contract interest rate for 5/1 ARMs decreased to 5.38% last week, down from 5.44% the previous week. “Homes in many markets are already starting to get multiple offers. .”

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Mortgage Marketing Loan Officers Contracts 383

Housing Wire

FEBRUARY 9, 2024

UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. The one-member LLC and mortgage broker accused UWM of violations of the Sherman Act and Florida Antitrust Act, as well as monopolization of the wholesale mortgage market as a result of the lender’s ultimatum.

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Contracts Retail Mortgage Lending 417

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

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Mortgage Marketing Retail Construction 370

Sacramento Appraisal Blog

JANUARY 17, 2024

The spring market is awake. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.

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