Housing Wire

APRIL 12, 2023

Despite the slower pace of inflation, economist do not believe home buyers facing still elevated prices on top of higher mortgage rates will be out of the woods any time soon. The challenge with housing is that there are so many factors beyond the control of the Federal Reserve keeping housing costs high.

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Housing Wire

DECEMBER 2, 2022

In February 2020, a combined 300,000 were employed in “ real estate credit ” and as mortgage and nonmortgage loan brokers. As of October, there were roughly 385,700 people in those jobs, suggesting that the industry still has a large number of cuts to make in the coming months as the housing market slows further.

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Housing Wire

DECEMBER 2, 2022

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming.

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Housing Wire

DECEMBER 30, 2022

In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. These are top of mind for my team, our clients and the industry. Because I am.

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Housing Wire

DECEMBER 4, 2020

Private employment gains were largely driven by some of the industries hit hardest by the pandemic – with rises in transportation and warehousing (+145,000) and professional and business services (+60,000), as well as an increased demand for those in the health care sector (+104,000). census count.

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Housing Wire

OCTOBER 7, 2022

The government sector has had difficulty hiring people; some didn’t bother to go back to work for them. Transportation and warehousing jobs falling isn’t a surprise since many companies have hired too many people in that sector. Rates fall to get the housing sector back in line.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. In addition, mortgage rates are at an all-time low. Worried about missing out on a boom?

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Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. Mortgage applications increased 7.1

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Appraisal Buzz

AUGUST 29, 2022

Though the federal government has yet to pass legislation directly tackling the current housing crisis, some bills may affect it indirectly. The infrastructure upgrades inside the bill could significantly impact some of the housing market’s problems. The Current Housing Crisis. Appraisals.

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PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. After all, you’re already paying a down payment, potentially a mortgage payment, and potentially other fees. From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. Courier Fee.

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Will Springer Realtor

MAY 13, 2024

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. Baby Boomers – those born between 1946 and 1964 who total 72M in the U.S. But for how long?

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Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next? in the first half of 2022.

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Will Springer Realtor

SEPTEMBER 12, 2023

on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. SEPTEMBER HOUSING UPDATE There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. Here are the headlines: What Information Will My Mortgage Lender Need?

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Will Springer Realtor

MAY 9, 2023

Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

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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

DECEMBER 8, 2021

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. What may 2022 offer for our housing market?

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Will Springer Realtor

DECEMBER 12, 2023

= I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. It was a year of gyrating mortgage rates and stubbornly high home prices. Prospective buyers this year have mostly watched the housing market pass from the sidelines.

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Icon is on a mission to change the way we house the homeless and others.

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Will Springer Realtor

JUNE 9, 2023

Can the housing market cope with rising demand? Our state is among five out West experiencing the greatest undersupply of housing in the nation (California, Colorado, Utah and Oregon are just ahead of Washington on the list.) could potentially generate thousands of homes in areas already served by public transportation.

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