Housing Wire
MAY 25, 2023
If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business.
Housing Wire
APRIL 7, 2021
Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. and Austin. ” Real estate agents and LOs: the great collaboration.
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Housing Wire
JANUARY 18, 2023
Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.
Housing Wire
JANUARY 7, 2022
Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. People fear if they sell their home, they won’t be able to find something and get into a bidding war.” Still, Augusta home prices are not immune to national trends. San Diego, California.
Cleveland Appraisal Blog
OCTOBER 14, 2021
I remember loan officers telling me that I needed to be “creative” with my appraisals. To “think outside of the box” when valuing a property. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. While at the same time, home prices were surging.
Eppraisal
APRIL 20, 2021
Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. Your loan officer may even put your file through an initial underwriting.
Cornerstone
SEPTEMBER 3, 2021
A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5 And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S.
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