Appraisal Buzz

JUNE 18, 2024

Despite the construction boom that happened shortly after pandemic restrictions began being lifted—that has since slowed—the U.S. This balance of available homes to homeseekers reached a tipping point when the Great Recession hit in 2007-2009—a balance which reached a tipping point when the recession ushered in a decade of underbuilding.

Inventory 448

Inventory Construction Law Real Estate 448

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

Development 455

Development Appraisal Property Appraisal Insurance 455

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investors 465

Investors Inventory Government Construction 465

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%. .”

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. Mortgage denial rates are also notably higher for Hispanic borrowers, with 18.8% Hispanic-owned homes are currently worth 11.9% in December 2021.

Home Value 394

Home Value Construction Buyers Mortgage 394

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. The supply of existing homes is near the 2009 crisis low, and it’s showing no signs of easing. While the U.S.

Construction 285

Construction Inventory Housing Market Marketing 285

Housing Wire

MARCH 4, 2022

Take a look at the jobs data and which sector added jobs in February: Construction jobs came in big again, and we didn’t have any negative sectors the last month. Job openings for construction workers are still historically high today as the need for labor in America is very high. The 10-year yield and mortgage rates.

Mortgage 397

Mortgage Retail Construction Marketing 397

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. This could make raising capital for new construction projects harder, and more expensive, everywhere. In turn, this capital flow will tend to push down mortgage rates, potentially providing some relief from one of the biggest factors holding the US real estate market back from a full recovery.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

JUNE 2, 2022

And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Here’s the problem, what we all remember is the housing crash of 2008 to 2009. In reality, mortgage rates have little correlation to home prices.

Housing Market 468

Housing Market Supply Chain Construction Clients 468

Housing Wire

MAY 15, 2024

New construction in age-restricted communities is becoming a rising trend. According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022.

Design 467

Design Buyers Construction Marketing 467

Housing Wire

AUGUST 24, 2023

If a recession is avoided, then ongoing limited supply of homes for sale on the market combined with continued affordability constraints and the ongoing ‘lock-in’ effect, whereby existing owners do not want to give up their current low mortgage rates, is expected to lead to a low pace of sales,” according to the ESR group. million. “If

Construction 284

Construction Retail Mortgage Contracts 284

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low? This article comes at the same problem from a different angle: a mortgage application perspective.

Sellers 397

Sellers Inventory Housing Market Buyers 397

Appraisal Buzz

JULY 16, 2024

Since taking a dip in 2009, there has been a slow, but steady climb with more than 100,000 manufactured homes shipped in 2021, and a post-recession high reached in 2022 with 112,000 manufactured homes shipped, according to a 2023 report by the Joint Center for Housing Studies at Harvard University.

Modernization 397

Modernization Buyers Construction Marketing 397

Housing Wire

MAY 6, 2022

Remember, the trend has been your friend since 2009: the Baby Boomers can’t work forever, and no country has a Dorian Gray labor market. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. In time, older workers need to be replaced.

Transportation 397

Transportation Construction Retail Real Estate 397

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said. But any risks appear to have been resolved.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

Housing Wire

JULY 19, 2023

It’s just much cheaper to live here,” said Jon Overfelt, co-owner of American Security Mortgage Corp. Between 2009 and 2019, New York City grew by 907,600 jobs, or 24.3%, attracting 629,057 new residents. But the city only constructed 206,000 housing units. All the new construction in every direction. “We Indeed, mom.

Property Taxes 370

Property Taxes Construction Housing Market Marketing 370

DW Slater Company

JANUARY 30, 2023

The rocket soon turned and begin its descent in May as mortgage rates began to rise in March. Mortgage rates impact housing as they affect buying power. Mortgage interest rates peaked in November and have been hovering around 6 % for the 30-year fixed rate. As we look at the housing market for 2022, a clear shift has occurred.

Housing Market 126

Housing Market Marketing Real Estate Appraisal 126

Birmingham Appraisal

AUGUST 14, 2024

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. Census Bureau, home size steadily increased from 1999 through 2008/2009, which we all know was when the housing market crashed. Check out the following graphs.

Bracketing 61

Bracketing Construction Design Real Estate 61

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 …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. After the Fed rate cut, mortgage applications jumped 9% in a week. Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68

Annarbor Appraisal

APRIL 9, 2020

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Year to year trends.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Empire Appraisal Group

JULY 6, 2022

s rising demand and lack of construction will probably offset a potential cooldown. The average interest rate on a 30-year fixed mortgage was 5.48% Thursday, an increase of 7 basis points over the past week, according to Bankrate.com. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s WEST PALM BEACH, Fla. –

Marketing 78

Marketing Landlords Real Estate Tenants 78

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!! single-family homes for sale in the fourth quarter were new construction. MORTGAGE LENDING IS VERY, VERY CYCLICAL.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6 baths, 17,878 sq.ft.,

Appraisal 66

Appraisal Contracts Business Insurance 66

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. The hangar was built in 2009, and the home was completed in 2014. Purchase vs. refi appraisals.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

Easement 52

Easement Contracts Appraisal Inspection 52

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. “We Mortgage applications increased 6.6 Mortgage applications increased 6.6

Appraisal 52

Appraisal Contracts Real Estate Mortgage 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. Mortgage rates higher than in recent years exacerbate the lock-in effect in the resale housing market. Then, mortgage rates may follow higher.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Appraisal Today

JANUARY 3, 2025

Newz: Appraiser Humor, Mortgage Rate Changes, New GSE Time Analysis January 3, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA – Code Violations and Expertise Mortgage Rate History Since 1971 What about 2025? Its left many wondering if 2025 will finally calm the waters.

Construction 82

Construction Appraisal Contracts Mortgage 82

Will Springer Realtor

MAY 9, 2023

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

AUGUST 9, 2024

The reshaping of corporate America’s office attendance has hardly deterred the construction boom here, thanks mostly to a still-growing tech sector (We see you, AI, cloud computing and space exploration ventures!). of new construction fully leased across Bellevue in the final quarter of 2023. This follows some 1.4M bathroom , 4150 sq.

Design 36

Design Real Estate Sellers Buyers 36

Housing Wire

APRIL 14, 2022

The housing plan lacks any participation from the Federal Housing Finance Agency , which is not a cabinet level agency, but oversees the federal entities that back most of the mortgage market. On Tuesday, HUD announced the sale of its vacant reverse mortgage properties to mission driven nonprofits.

Finance 435

Finance Technology Law Construction 435

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Appraisal Today

MAY 20, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Retirement, real estate market changes, ANSI, Appraising luxury homes, unusual homes, mortgage origination stats, etc. =. It seems an inflection point occurred where we really noticed the effect of higher mortgage rates on buyers. Price: $725,000.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

JANUARY 13, 2025

The 54,300 purchases by foreign buyers was the fewest since NAR began tracking the metric in 2009. This concern could stem from Trump’s plan to “seal the border” and deport million of immigrants many of whom are employed in the construction labor force, according to the National Association of Home Builders (NAHB). .”

Real Estate Agent 370

Real Estate Agent Real Estate Agents Construction 370

Housing Wire

NOVEMBER 22, 2024

As an owner of a mortgage company and a 20-year housing veteran, I can tell you there is no shortage of people who want to buy just as there is no shortage of builders who want to build. million undocumented immigrants work in construction. Could new home construction wane as you fulfill this campaign pledge?

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Marketing Investors Investing Housing Market 468