Housing Wire

APRIL 14, 2022

The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. When new MBS runoff-replacement contraction program will begin is not clear at this point. in 2009 to 1.9% by the end of the year.

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Marketing Investors Government Investing 435

Housing Wire

DECEMBER 20, 2021

To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes.

Mortgage 418

Mortgage Government Contracts Insurance 418

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. Or sometimes buyers will simply put the word out on Facebook: “Getting ready to buy! Just because they’re going to DocuSign the contract doesn’t mean we shouldn’t go over the finer points over the phone. A: Inventory.

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Clients Real Estate Real Estate Agent Client Relationships 96

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

Sellers 74

Sellers Buyers Property Taxes Inspection 74

Lamacchia Realty

JANUARY 29, 2025

Additionally, climate change, including rising sea levels and more frequent storms, made coastal properties less attractive to some buyers. This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2024 compared to 2023 and discusses what is predicted to unfold in 2024.

Inventory 63

Inventory Insurance Real Estate Buyers 63

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Buyers who enter the market now will enjoy some of the best selection of homes since before the pandemic as supply grows, competition wanes and home prices slip. Hold on, there! months while Seattle has 2.9.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. You will be missed.

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Appraisal Agents Real Estate Real Estate Agent 89

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. This knowledge positions agents to market properties competitively and attract the right buyers. Added Kan, “The ARM share of applications increased to 7.6

Appraisal 85

Appraisal Real Estate Agent Agents Real Estate 85

Appraisal Today

SEPTEMBER 20, 2024

The buyer and I have already agreed on a sale price.” Because of the financial capabilities, motivations, or special interests of a given buyer or seller, the price paid for a property may or may not have any relation to the value that might be ascribed to the property by others.” This was in 2009 in the throes of the Great Recession.

Appraisal 82

Appraisal Business Contracts Real Estate 82

Will Springer Realtor

AUGUST 13, 2024

For now, potential home buyers and sellers are mostly in a wait-and-see mode. The county has more homes for sale (4440) than any month since September 2022 (4616), presenting great options amid less competition for determined buyers today and improved leverage in negotiations with sellers. Will a cut make a difference to buyers?

Buyers 52

Buyers Investors Sellers Inventory 52

Appraisal Today

FEBRUARY 9, 2024

Homebuilding has been on an upward trajectory since 2009 as builders have slowly climbed their way out of the hole caused by the Great Recession. That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.41

Appraisal 89

Appraisal Contracts Insurance Construction 89

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. ==. The number of potential buyers will decrease as rates go up in many markets. USPAP and the Contract. Some appraisers do not like having a copy of the contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. 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. We all know this is true. percent from 6.57

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Easement Contracts Appraisal Inspection 52

Appraisal Today

JUNE 10, 2022

The hangar was built in 2009, and the home was completed in 2014. These worsening affordability challenges have been particularly hard on prospective first-time buyers.”. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40 2,821 sq.ft.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JULY 1, 2022

Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 10) Buyers have more opportunities. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.84 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained at 5.62

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Appraisal Today

JUNE 3, 2022

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. The O’Rourke forecast.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Patch of Land

OCTOBER 24, 2017

Allan Kleer, a Master Broker with ONE Sotheby’s International, says “Asia has recently started providing us with a new and strong source of buyers for luxury condominiums and larger investment properties. The median number of days from listing to contract were 41 days for single family houses, a 12.8% from last year. is down from 14.7%

Real Estate 28

Real Estate Renovations Investing Investors 28

Will Springer Realtor

JULY 11, 2023

Home prices continued to confound buyers by climbing toward record highs as summer began. 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. from May to 3242 units – the highest monthly figure since last September.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Appraisal Today

JUNE 24, 2022

Excerpts: Before the announcements from Fannie and Freddie, it was anticipated that desktop appraisals would only be accepted for loans with a maximum of 80% loan-to-value ratio (LTV), where buyers were making at least a 20% down payment. percent – the highest since November 2008 and the largest single-week increase since 2009.

Appraisal 52

Appraisal Contracts Mortgage Easement 52

Listing Spark

DECEMBER 15, 2022

How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. 00:05:38] How to qualify buyers so that you have a low default rate on owner financing deals. 00:07:03] Why some buyers can’t qualify for more traditional financing.

Finance 36

Finance Investing Real Estate Lending 36

Quicken Loans

APRIL 12, 2021

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Many banks won’t sell directly to home buyers.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Housing Wire

FEBRUARY 22, 2022

But homebuilders big and small continue to run into the same problems – building permits are on file, contracts with buyers are inked, but subcontractors often don’t show, and access to materials have led to longer build times and cost overruns. Currently, over 1.7 million homes are under construction, the highest level in decades.

Supply Chain 538

Supply Chain Construction Inventory Clients 538

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 There are many home options available to prospective buyers – including new construction offerings in buildings that opened during the pandemic. Kitchen and bath professionals are reporting 3.9-month And, opening this year, Graystone.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Appraisal Today

JANUARY 3, 2025

However, optimism persists in the market as many believe rates could continue to ease in the months ahead, potentially sparking renewed interest among buyers and homeowners. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.97 percent from 6.89

Construction 91

Construction Appraisal Contracts Mortgage 91

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. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Appraisal Today

MAY 20, 2022

It seems an inflection point occurred where we really noticed the effect of higher mortgage rates on buyers. Some buyers have backed off due to declining affordability, and others have become much more sensitive to price. Will buyers adapt to a new environment of higher rates, or will we continue to see fewer buyers playing the market?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

OCTOBER 5, 2020

economy into a recession and killed more than 208,000 Americans, the plan from the frontrunner in the presidential election is well-aimed to assist the only weak link in an otherwise booming the housing market: First-time buyers trying to scrape together a down payment. Now that the pandemic has plunged the U.S. Presented by: TMS.

Housing Market 448

Housing Market Contracts Buyers Marketing 448

Will Springer Realtor

SEPTEMBER 11, 2024

The plans aim to build or preserve more than 2M homes by offering tax credits to builders and buyers, as well as provide funding to promote housing near transit hubs, down payment assistance for first-time buyers, and grants for housing preservation. Four percent of Gen X buyers got a home with friends. >> homeowners.

Real Estate 36

Real Estate Modernization Government Construction 36