Housing Wire

JUNE 21, 2024

Existing home sales When mortgage rates started to rise earlier this year, existing home sales trended lower. That means that our weekly pending sales contract data is showing growth year over year. However, if mortgage rates went lower and stayed lower, everyone would be selling more homes today. from the previous month to 1.28

Inventory 482

Inventory Housing Market New Listings Contracts 482

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. can’t have a credit sales boom like we saw from 2002-2005. Over the years, I have tried to emphasize that the housing market in the U.S.

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” Also, this is what the Federal Reserve wants.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. Slow and steady wins the race.

Housing Market 418

Housing Market Inventory Construction Marketing 418

Housing Wire

FEBRUARY 16, 2023

The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. economy isn’t in recession today, and mortgage rates have risen almost 1% from the recent lows.

Construction 526

Construction Housing Market Inventory Mortgage 526

Housing Wire

NOVEMBER 2, 2021

.” “Because of this price forecasting volatility, we have had to reconsider what the business might look like at a larger size,” added Barton, who also co-founded Zillow in 2005. Premier Agent generated $359 million in Q3 revenue and the mortgage division raked in $70 million of revenue, and both divisions turned a profit.

Market Value 418

Market Value Real Estate Agent Agents Business 418

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. We are seeing that as a profession again.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. Mortgage rates have risen since the lows we saw last year.

Construction 488

Construction Housing Market Inventory Buyers 488

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. Last week in 2011, 396,955 homes hit the market without a contract. We had a massive credit bust starting in 2005, which continued from 2006 to 2008 — all before the job loss recession began in 2008.

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Lamacchia Realty

APRIL 7, 2025

As of late, Home Owners Association (HOA) dues often rival or exceed mortgage payments, then factor in higher interest rates, and taxesthough some potential tax relief may be on the horizon-and condo ownership is almost out of reach for some. Related Miami Herald April 4 th 2025 Perfect Storm. This happens because of pricing.

Bracketing 36

Bracketing Realty Contracts Inventory 36

McKissock

JULY 28, 2022

The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time. Consider all the technological advances since 2005: Apple released the iPhone, the first touchscreen smartphone. What exactly does this mean?

Appraisal 83

Appraisal Technology Valuation Real Estate 83

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. The number of homes placed under contract (pending), decreased by 17.7% Average prices for closed sales increased by 3.4%

Inventory 78

Inventory Sellers Contracts Buyers 78

Lamacchia Realty

JANUARY 29, 2025

Many sellers were reluctant to list due to low pre-pandemic mortgage rates, but increased activity emerged from necessity and life changes , with competitive pricing becoming essential. The number of homes placed under contract (pending) increased by 4.2% 2024 Real Estate Performance Highlights The number of homes sold increased by 1.5%

Inventory 68

Inventory Sellers Real Estate Buyers 68

Lamacchia Realty

FEBRUARY 22, 2022

2021 was a historic year for the post-pandemic real estate industry with record low mortgage rates, record low inventory and record high absorption rate and sales. Below is a graph that illustrates home sales per year since 2005. Below is a graph that illustrates monthly home prices since 2005. 2021 Sales by Month.

Inventory 73

Inventory Sellers Buyers Real Estate 73

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! I am so glad I quit doing residential lender appraisals in 2005! = MORTGAGE LENDING IS VERY, VERY CYCLICAL.

Appraisal 89

Appraisal Contracts Insurance Construction 89

Appraisal Today

SEPTEMBER 22, 2023

Mortgage interest rates ALWAYS go up and down. I never had more than one assistant and no appraisers after that, and finally quit doing lender residential appraisals in 2005. Most lender appraisers have little work. == Mortgage applications increased 5.4 September 20, 2023) — Mortgage applications increased 5.4

Appraisal 94

Appraisal Training Inspection Real Estate 94

Appraisal Today

JULY 19, 2024

Mortgage applications increased 3.9 Current forms date back to 2005. To read more, Click Here My comments: I can’t wait for rates to drop, especially for mortgages! —————————– ICE Mortgage Monitor – Who will refi when rates are lower? . or higher – 1.9M

Appraisal 87

Appraisal Insurance Contracts Business 87

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. April 10, 2024) — Mortgage applications increased 0.1 April 10, 2024) — Mortgage applications increased 0.1

Appraisal 86

Appraisal Construction Contracts Architecture 86

Appraisal Today

JUNE 21, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! It tells us more about the trend one month ago when the property got into contract. baths, 13,690sqft 5.8

Appraisal 78

Appraisal Architecture Contracts Design 78

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. I have not done any residential lender appraisals since 2005. As mortgage rates fall, more buyers may re-enter the market, spurring increased transaction volumes. What does it mean for appraisers?

Property Appraisal 80

Property Appraisal Appraisal Training Contracts 80

Lamacchia Realty

JANUARY 29, 2025

Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing critical. The number of homes placed under contract (pending) increased by 3.4% Many sellers had hesitated to list, holding onto their pandemic-era mortgage rates.

Inventory 65

Inventory Sellers Buyers Real Estate 65

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. I finally quit doing residential lender appraisals in 2005. November 15, 2023) — Mortgage applications increased 2.8 Too cyclical.

Appraisal 78

Appraisal Modernization Training Business 78

Appraisal Today

JULY 12, 2024

I quit residential lender appraising in 2005. Short-term rentals (STRs) and Form 1007 Excerpts: When appraising an STR for conventional mortgage lending, the appraiser must take care to only include the real property in the value, not the personal property or the business/going concern. Mortgage applications decreased 0.2

Appraisal 75

Appraisal Design Contracts Business 75

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. USPAP and the Contract. They think it is a contract to hit (it isn’t).

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

OCTOBER 18, 2024

By Ryan Lundquist Choosing the Right Appraisal Management Companies (AMCs): A Guide for Appraisers Mortgage applications decreased 17.0 It is unclear how much they paid for the land, but one batch of parcels was purchased in 2005 for $14.7 In early 2025, business will finally pick up due to mortgage rate drops.

Appraisal 69

Appraisal Reconsideration of Value Insurance Contracts 69

Appraisal Today

AUGUST 19, 2022

When I did lender res appraisals for direct lenders before 2005, I was usually only contacted if I had a typo: address, no value, etc. Mortgage applications hit 22-year low (since 2000), lending activity suffers. MBA’s Market Composite Index, which measures mortgage loan application volume, slipped 2.3% Humor for Appraisers.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. It’s not just about how to protect the client with MLS disclosures and contingencies in the contract.

Sellers 74

Sellers Inventory Buyers Realtors 74

Lamacchia Realty

JANUARY 27, 2023

Below is a graph that illustrates home sales per year since 2005. Pending Home Sales (contracts accepted) In the chart below, you’ll see that the amount of homes pending in 2022 was finally lower than year’s past. You can see 2021 exhibited an outlying rise in sales, and 2022 exhibited a significant decrease.

Inventory 74

Inventory Buyers Real Estate Sellers 74

Appraisal Today

AUGUST 12, 2022

NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =. Mortgage Rate History: Check Out These Charts. Excerpts: Mortgage rate history stretches back nearly a century. 29 Beds | 18.5

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. Mortgage lending from the 1870s to today.

Construction 52

Construction Appraisal Modernization Contracts 52

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low.

Marketing 69

Marketing Sellers Buyers Inventory 69

Appraisal Today

APRIL 1, 2023

This begs the question of why two reviewers went out of their way to compliment my work, when it seems that almost every mortgage assignment that I complete for a production group, comes back with stipulations. Changing rules A few years ago, appraisers could work directly for mortgage companies without any issue.

Clients 52

Clients Appraisal Contracts Business 52

Lamacchia Realty

JANUARY 28, 2022

Homes Pending (contract accepted) – All of NH. In 2021 there were 27,131 homes listed for all of NH and 26,354 homes marked pending with accepted contracts. Mortgage rates helped buyers balance out the leaping prices as they fell to historic lows and kept borrowing as inexpensive as possible.

Contracts 45

Contracts Buyers Inventory Real Estate 45

Lamacchia Realty

APRIL 7, 2025

As of late, Home Owners Association (HOA) dues often rival or exceed mortgage payments, then factor in higher interest rates, and taxesthough some potential tax relief may be on the horizon-and condo ownership is almost out of reach for some. Related Miami Herald April 4 th 2025 Perfect Storm. This happens because of pricing.

Bracketing 36

Bracketing Sellers Realty Contracts 36

Appraisal Today

JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. Hopefully, it won’t stay the same as long as the 2005 URAR.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Isn’t a mortgage interest rate that is negative in real terms special financing? No changes to the form itself since 2005.

Appraisal 52

Appraisal Market Value Contracts Finance 52