Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 By comparison, we are forecasting total volume of about $2.3

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Lending Mortgage Real Estate Loan Officers 397

Appraisal Buzz

JUNE 12, 2024

The company—was established “to provide portfolio managers with reliable and high-quality outsourcing services to manage their REO assets”—launched just before the 2007-2008 financial crisis, a time when REO inventories were abundant as the nation navigated wide-spread foreclosures, bank collapses, and economic strife.

Training 221

Training Business Human Resources Appraisal 221

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. The inventory may not be there, but the demand sure is. Pending sales – those listings that went under contract in April – rose 3.0% (2435) from March in King County. between May 2007 and January 2012. Overall, there are 1.4

New Listings 62

New Listings Inventory Buyers Sellers 62

Lamacchia Realty

APRIL 15, 2022

Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. Low rates, even lower inventory, maxed out demand, and anemic supply remained the name of the game for well over a year until this past winter, when it truly plunged to incredible lows.

Marketing 62

Marketing Sellers Buyers Inventory 62

Appraisal Today

AUGUST 23, 2024

This time, the lying is about the value of the collateral (in the run-up to the 2007-2008 financial crisis, it was the borrower stating his or her own income with no third-party verification). Home sales have slowed despite rising inventory levels. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.04

Appraisal 68

Appraisal Contracts Investors Property Appraisal 68

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. months of inventory across all home types in King and 2.3

Housing Market 68

Housing Market Marketing Construction Buyers 68

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. That’s because fewer homes are being placed under contract. Price adjustments/decreases were up across the country in May. See chart below.

Housing Market 61

Housing Market Bracketing Marketing Sellers 61

Will Springer Realtor

OCTOBER 10, 2023

At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007. months’ inventory, a figure not seen since January (also 2.6).

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Buyers Inventory Sellers Housing Market 66

Appraisal Today

MAY 26, 2023

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. percent from 6.57

Easement 52

Easement Contracts Appraisal Inspection 52

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 55

Bracketing HOA Sellers Buyers 55

Appraisal Today

OCTOBER 11, 2024

Heaslet is a retired Marine Corps veteran and a second-generation appraiser who began his valuation career as a trainee at his father’s office in 2007. The largest constraint for many prospective homebuyers over the past year had been the lack of inventory. The average contract interest rate for 5/1 ARMs increased to 6.06

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Appraisal Insurance Contracts Valuation 74

Appraisal Today

AUGUST 5, 2022

Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. You can clearly see that inventory is increasing as the number of active listings is growing, and we are not finished with July. The average contract interest rate for 5/1 ARMs decreased to 4.55

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Appraisal Today

SEPTEMBER 29, 2023

acre lot According to the Ames Tribune, the school sat vacant for nearly 20 years before Dean and Dianne Jensen purchased it in 2007. The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace. bath, 13,872 square feet, 3.25

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

OCTOBER 21, 2022

Inventory levels. It started in 2007 in Vacaville, near Sacramento, CA. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.63

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. The construction industry is on pace to complete more than 1.51M units this year, which would be the highest total since 2007. This is nothing new.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

MAY 9, 2022

This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows). ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. .

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

That’s the most since 2007. There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. A drying up of listings sent inventory figures lower.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Overall, right now properties are still actively going under contract. The biggest challenge right now is the low inventory.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. Marketing Strategies. Downloadable Guides.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. Seattle experienced a 32% (1031) monthly increase in new listings but a 15% (558) decline in homes going under contract, as median prices fell 2.9% ($900,000) since August and remain 5.9% months’ inventory. last month.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 years, according to recent data, when it was only about five years just before the housing market crash of 2007. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. in April).

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Put another way, the monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. So, what did they do?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JANUARY 10, 2025

to 4% year-over-year, reflecting steady demand and incremental inventory improvements. Home Sales: Anticipated increase of 7% to 9%, driven by improved inventory and easing mortgage rates. Inventory Levels: Incremental improvement, with a forecasted 11.7% rise in available housing inventory. percent from 6.97

Appraisal 75

Appraisal Clients Business Sellers 75