Housing Wire

NOVEMBER 4, 2020

Servicers are holding foreclosure inventory due to the moratorium, causing delayed maintenance and a backlog of evictions and foreclosures in courts. VRM can: Be on hand to cost-effectively address specific inventory challenges and assist with a solution for resolving expired forbearances.

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Lending Clients Investors Training 393

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. The years 2020-2024 were always going to be different from 2008-2019. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

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Housing Market Marketing Inventory Lending 418

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high. This got smashed in two years, and inventory levels broke to all-time lows this year.

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Housing Market Inventory Lending Marketing 532

Housing Wire

OCTOBER 31, 2022

Both these laws paved the way for more responsible lending and a more responsible consumer. Then we saw an uptick in people filing for foreclosures and bankruptcy during an economic expansion from 2005 to 2008. All my six recession red flags were raised toward the end of 2006, and the recession didn’t start until later in 2008.

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Law Inventory Lending Mortgage 523

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

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Inventory Housing Market Lending Buyers 482

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

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Inventory New Listings Law Housing Market 397

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

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Inventory Construction Government Housing Market 545

Appraisal Buzz

SEPTEMBER 25, 2024

In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. The Fed’s initial cut is likely to bring more buyers and sellers to market, potentially opening the inventory floodgates and momentum for price competition.

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Housing Wire

OCTOBER 12, 2020

We just need to look back to 2008 when we had over 10 million delinquent loans. Due to the loosey-goosey lending standards of the time, many of these delinquent loan holders had little to negative equity. Shadow inventory refers to homes in foreclosure that banks are holding off the market. This sounds like a broadway play.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much.

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Mortgage Inventory Housing Market Construction 505

Housing Wire

APRIL 11, 2022

From 2008 through 2021, the average annual production profit was 60 basis points, or $1,456 per loan. The average loan balance for first mortgages reached a study-high $298,324 in 2021, compared to $278,725 in 2020, the largest single-year increase since the report started in 2008. Presented by: Acra Lending.

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Lending Mortgage Valuation Inventory 370

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said.

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Finance Marketing Lending Inventory 370

Housing Wire

JANUARY 5, 2024

Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger. This can lead to longer listing times and increased competition for affordable homes, particularly if inventory is tight. Back then, the FOMC lowered the rate to near zero, where it remained for several years.

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Real Estate Agents Marketing Sellers 468

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories. All of this means compressed affordability and inventory.

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Inventory Loan Officers Clients Mortgage 397

Housing Wire

OCTOBER 1, 2022

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices.

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Realtors Housing Market Marketing Buyers 418

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. And even though we expect to see a large delivery of multifamily units over the next few years, this will not resolve the broader lack of inventory that we see across the country.”

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Investors Marketing Inventory Real Estate 482

Housing Wire

APRIL 4, 2022

Founded in 2008, Movement Mortgage focuses on providing loans quickly and easily to homebuyers, with a network of loan officers in more than 775 locations nationwide, and more than 4,500 employees, the company’s website shows. Movement did not respond to multiple requests for comment. Sound familiar?

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Supply Chain Mortgage Retail Loan Officers 476

Housing Wire

JANUARY 1, 2024

This would happen if we saw a surge of stressed inventory and mortgage rates didn’t go low enough to handle that much new supply into the market. So, this is something to consider only if we see an increase in stressed inventory. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

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Housing Market Marketing New Listings Construction 531

Housing Wire

JUNE 16, 2022

Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. I think that homes are still going to sell,” said Coley Carden, vice president of residential lending at Winchester Co-Operative Bank.

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Housing Market Marketing Loan Officers Mortgage 448

Housing Wire

AUGUST 31, 2022

According to MBA’s Quarterly Performance Report (QPR), net production income has averaged 54 basis points since 2008. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. Source: MBA Quarterly Mortgage Bankers Performance Report: www.mba.org/performancereport.

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Lending Mortgage Real Estate Loan Officers 397

Housing Wire

DECEMBER 16, 2021

More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5

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Marketing Mortgage Supply Chain Inventory 482

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . Not a one-size fits all”.

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Mortgage Loan Officers Bracketing Investors 370

Housing Wire

APRIL 5, 2021

billion below the amount FHA analysts believe would be needed to maintain the ability to pay mortgage insurance claims in the wake of an adverse credit event similar to the 2008 financial crisis. By 2008, the capital ratio had dropped to 3.2%, and, by 2012, it had cratered into negative territory, -1.4%, requiring a $1.7

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Insurance Housing Market Mortgage Government 326

Housing Wire

JUNE 27, 2022

“You’re going to start to see the housing market price a lot of people out, which means there’s going to be fewer loans out there to be done, which means you’re going to probably see a lot of people starting to exit,” said Coley Carden, vice president of residential lending at Winchester Co-Operative Bank.

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Housing Market Marketing Brokerage Real Estate 468

Housing Wire

JUNE 1, 2023

Of course, every borrower’s financial situation is a little different and the new LLPA changes will add borrowers for whom conventional lending is marginally more attractive than getting a FHA loan, said Janneke Ratcliffe, vice president of Housing Finance Policy Center at Urban Institute.

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Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

AUGUST 8, 2023

The California housing market in particular has been extremely slow, with inventory at all-time lows and few home sales. And without much of a private label securitization market, they sell them through the correspondent lending channel.” Florida followed as a distant second with $32.3 from June 2022.

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Insurance Mortgage Lending Clients 370

Boston Appraisal

JULY 22, 2019

This will be a relief for aspiring buyers burdened by dwindling inventory, high prices, and competition, particularly in hot markets like the Bay Area and Greater Boston. The number of listings available on the market has progressively improved in recent months across the country, with unsold inventory reaching a 4.3-month

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Marketing Housing Market Real Estate Inventory 78

Boston Appraisal

JULY 22, 2019

This will be a relief for aspiring buyers burdened by dwindling inventory, high prices, and competition, particularly in hot markets like the Bay Area and Greater Boston. The number of listings available on the market has progressively improved in recent months across the country, with unsold inventory reaching a 4.3-month

Marketing 78

Marketing Housing Market Real Estate Inventory 78

Cleveland Appraisal Blog

MARCH 18, 2021

With a shortage of inventory, it was not hard to imagine why this might be the case. I saw this exact same scenario play out in the years leading up to 2008. We’ve all heard of predatory lending. The property was now being sold in the mid-nineties. The MLS reflected it as a pending sale with zero days on the market.

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Appraisal Investors Market Value Contracts 195

McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. Many homes have equity available, unlike the 2008 housing collapse.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. In 2008, Congress passed the Housing and Economic Reform Act. To understand the discussions, it’s important to review a little bit of the history.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. In 2008, Congress passed the Housing and Economic Reform Act. To understand the discussions, it’s important to review a little bit of the history.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8%

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Real Estate Marketing Inventory Home Value 45

McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

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Marketing Real Estate Appraisal Inventory 71

Lamacchia Realty

NOVEMBER 29, 2023

The rise in prices in 2023 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand. Loan limit increases are correlated to rising prices- the national average home sale price rose by 5.56% which helped determine the 5.5% increase in limits for 2024.

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Realty Law Home Value Government 71

Empire Appraisal Group

AUGUST 29, 2024

Single-Family Home Median Sale Price Data from National Association of Realtors and Florida Realtors , through March 2024 Historically, Florida has been relatively volatile with pricing, having suffered an outsized impact in the housing market in the fallout from the 2007-2008 financial crisis, for example.

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Realtors Inventory Marketing Buyers 78

Listing Spark

JUNE 21, 2022

The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster.

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Housing Market Sellers Marketing Inventory 69