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.

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Appraisal Today

JULY 21, 2023

Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. The national foreclosure activity total in Q2 2023 was 65 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007.

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Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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Housing Market Bracketing Marketing Sellers 59

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. 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.

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Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. When there are market changes it often takes sellers time to first realize it and then be willing to accept it.

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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). The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.50

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Appraisal Today

AUGUST 25, 2023

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. The seller wanted that to be a part of the home, and he didn’t want it down in a cellar. The 900 sq.ft. Why Does MLS Availability Affect Appraisals?

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Will Springer Realtor

MAY 9, 2023

Where are all the sellers? A full 82% of sellers and buyers felt “locked in” by their current (low) mortgage rates, according to a survey released by realtor.com. A full 82% of sellers and buyers felt “locked in” by their current (low) mortgage rates, according to a survey released by realtor.com. Any downturn in the U.S.

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New Listings Inventory Buyers Sellers 61

Will Springer Realtor

OCTOBER 15, 2024

Further down the funnel are more engaged consumers applying for mortgages, followed by buyers and sellers reaching mutual agreement on a deal, and then happy homeowners moving in at the end of the funnel. Meantime, the number of contract listings – known as Pending sales – rose 6.1% This reverses the recent trend.

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Housing Market Marketing Construction Buyers 68

Appraisal Today

DECEMBER 22, 2023

Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. America’s Best Ski Towns for Homebuyers and Sellers Photo Above from Ludsen Mountains, on the North Shore of Lake Superior, a picturesque and historic ski destination. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.41

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Appraisal Business Contracts Real Estate 77

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. on the year.

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Buyers Inventory Sellers Housing Market 65

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.”. The market is shifting from a sellers’ paradise to one where buyers can now start making a few demands of their own. The average contract interest rate for 5/1 ARMs decreased to 4.55

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Appraisal Valuation Contracts Modernization 59

Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? We’ll dive into how the current real estate market is affecting buyers, sellers, and investors with Ellen Steele, a Realtor with ListingSpark that has had over $10M in sales in the last 12 months.

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Real Estate Sellers Buyers Investors 36

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

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Marketing Sellers Real Estate Buyers 36

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A This is anecdotal data, but it supports the Houston real estate market trends we see above: In the aftermath of the 2007/2008 financial crisis, we saw a flight to quality in nearly every asset class. Get PDF Now.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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. Builders are now officially bullish.

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). What may be truly impressive are the sellers, now empty-nesters after raising eight children in this home!) bath , 6920 sq.

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Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

That’s the most since 2007. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Just more than 4,000 homes went under contract last month across all home types in King, a 4.3% The sellers are seeking $3.86M, $1222/sq. SMILE FOR THE CAMERA.

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. This caused a good deal of uncertainty for all of us, including those new condo owners, many of whom attempted to back out of their contracts, put just-purchased homes on the market or listed them for rent.

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Real Estate Inventory Buyers Construction 36

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. 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. Properties are still going under contract. 2020 ended favoring sellers. Do You Want To Buy A Home Now? Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 9, 2021

There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 The sellers are asking $5.288M ($1160/sq. million for sale today. lodge home.

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Housing Market Marketing Inventory New Listings 36

Housing Wire

JANUARY 22, 2021

When smaller lenders and nonbank lenders look back to that time, assuming they were active sellers to the GSEs at the time, they all know where the root of the unleveled playing field came from. of the total market and the GSEs saw their share of market contracting as well. Then came Wall Street. With investors believing the U.S.

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