Housing Wire

DECEMBER 27, 2022

“The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The 2002 housing market has been a tale of two halves,” said Green. Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy.

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Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We are seeing that as a profession again. Is this any different than last time?

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Housing Wire

MAY 26, 2022

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. If you connect the lines, you can see where we are on a historical basis.

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Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. As you can see, sales levels were never elevated like what we saw from 2002-2005. The only way this happens is by higher rates.

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Housing Wire

MARCH 18, 2022

My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. However, a seller is also a natural homebuyer, unless they’re an investor. You can see why some sellers are stressed now. People who sell need to live somewhere.

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Housing Wire

OCTOBER 26, 2023

When asked about the allegations that real estate companies and professionals conspired to raise or stabilize commissions, she replied: “It is absolutely untrue.” Frazier also testified that the average commission at ReeceNichols is 2.75% for both buyer and seller agents. They were not set commissions,” Wilson said.

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Housing Wire

SEPTEMBER 26, 2023

This is why I have called them efficient home sellers. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. The builders sell homes as a commodity, and they had a big spike in monthly supply last year, forcing them to make some deals to move product.

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Housing Wire

JULY 13, 2022

This problem is much different than the housing credit bubble of 2002-2005. Home sellers and builders had too much pricing power, pushing prices to the extreme. As we all know, we have many companies in the real estate and mortgage sector that are laying off people. housing market as savagely unhealthy.

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Housing Wire

DECEMBER 5, 2022

In fact, while in won’t match 2020 or 2021, purchase mortgage dollar volume should be better than any year from 2002–2020. When mortgage rates come down, homebuyers will come out in droves and it will be a sellers’ market again. Buying now means being able to negotiate as a buyer.

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Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. With housing post-2020, home sellers and homebuilders had a lot of pricing power and pushed it on the consumer because they could. However, this is on them — they had pricing power, and just like home sellers in America, they pushed it to make a lot of money in the short run.

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Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

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Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

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Housing Wire

JANUARY 26, 2022

percent)* below the December 2020 estimate of 943,000 Slow and steady wins the race and the market that we had from 2002-2005 doesn’t exist today. This is also a factor why I don’t believe in the housing construction boom premise, because when builders and sellers have pricing power they push it to the limits. This is 11.9

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Housing Wire

APRIL 15, 2022

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. We would like to get this back to 30 days, but anything in the 20s is a victory.

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Housing Wire

DECEMBER 22, 2021

As you can see below, we don’t have a booming credit housing market as we saw from 2002-2005; we have steady replacement buyer demand. More choices are better for homebuyers and sellers who need to buy a home typically as well. A positive outcome for me in 2022 would be to see days on the market grow above the teenager age.

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Housing Wire

APRIL 27, 2022

The one thing housing has going for it now is that we don’t have the speculative booming demand as we saw from 2002 to 2005. The builders have pricing power and they — along with home sellers — have pushed it very hard since 2020. From Census: The median sales price of new houses sold in March 2022 was $436,700.

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McKissock

JANUARY 19, 2021

As the real estate industry continues to evolve and the National Association of REALTORS ® updates its ethics standards to be more aligned with today’s current environment, there are a lot of questions about what the actual changes are and the implications of those changes. John Wenner. Candy Cooke. Education is her passion.

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Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9% Will the 2024 Real Estate Market Improve? Average prices for closed sales increased by 7.2%

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Will Springer Realtor

DECEMBER 8, 2021

One consumer segment will have longer to wait for its “supply chain” to be repaired – residential real estate. “Of Who said this is a sellers’ market? The greatest challenge facing builders – and, frankly, the real estate sector as a whole – is finding and keeping skilled labor to assemble the sticks and bricks.

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Lamacchia Realty

JANUARY 7, 2022

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Jessica’s Law was passed in 2002 after ice broke off a moving truck, hit a second truck, and caused it to crash into Jessica Smith’s vehicle, then 20 years old, killing her. The law isn’t limited to city dwellers.

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Lamacchia Realty

DECEMBER 13, 2023

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Jessica's Law Jessica’s Law was passed in 2002 after ice broke off a moving truck, hit a second truck, and caused it to crash into Jessica Smith’s vehicle, then 20 years old, killing her.

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Houston Properties

JUNE 11, 2020

Houston Home Seller Resources. Full Houston Home Seller Guide. Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. The Houston Properties Team is the #1 Boutique Real Estate Team in Houston. Free Home Valuation.

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Will Springer Realtor

NOVEMBER 9, 2022

Real estate folks typically compare year-on-year (YoY) figures but 2020 and ’21 were statistical anomalies. The stats are an unwelcome paradox for buyers and sellers alike. The 30-year, fixed-rate mortgage recently broke the 7% level for the first time since April 2002, leading to greater stagnation in the housing market.

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Houston Properties

MAY 16, 2022

The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. Their ability to use their data and resources to help find your perfect home are some of the reasons why they are the #1 boutique real estate team in Houston. "The " – Christian (Google Review).

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Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. No buyer must use a real estate agent — ever. I am repeating myself but bear with me.

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Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. The rural schoolhouse has been on the National Register of Historic Places since 2002. Grocery store locations are from the USDA.

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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. Practical real estate appraisal writing tips for AMC questions. I promise you that this will make you known in your area.”.

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Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? Fudge recently appeared at the 75th Annual National Association of Real Estate Brokers convention and of course continued her ‘appraisal bias and discrimination’ rant in a very rousing speech to the attendees. percent, the highest rate since 2002.

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