Housing Wire

JULY 3, 2024

Last week in 2011, 396,955 homes hit the market without a contract. Of course, it wasn’t just 2011 that had a burst of new listings: from 2009-2012, the new listings data was running at 250,000 to 400,000 per week, whereas the last four years, we have been running at 30,000 to 90,000 per week, roughly.

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Housing Wire

APRIL 27, 2022

Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. Interest in residential mortgage loans fell 8.3%

Housing Market 397

Housing Market Mortgage Marketing Retail 397

Housing Wire

DECEMBER 11, 2020

For each deal, a smart contract known as a Passport Token is created that contains the borrower’s ATP analytics along with immutable references to the underlying source data, including their lending needs. The smart contract presents the borrower’s lending request to the exchange. The ATP is already in the blockchain.”.

Lending 435

Lending Contracts Investors Technology 435

Housing Wire

JUNE 29, 2024

2009 281,734 2010 345,146 2011 396,955 2012 318,041 Weekly housing inventory data I am almost ready to give an A grade for inventory this year. This contract data will grow if mortgage rates head lower and stay lower. For the fifth time this year, inventory hit my target level with elevated mortgage rates.

New Listings 415

New Listings Inventory Contracts Sellers 415

Appraisal Buzz

MARCH 14, 2022

What would happen on purchase transactions if the Purchase Contract were not provided to the appraiser? Could that contract be construed as an influence on value? Reviewers report that they see a lot of fancy footwork to get to the contract price in increasing markets. To hit the purchase price, that’s why!

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

JANUARY 13, 2022

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009. ” According to the Fourth Circuit decision in March, plaintiffs are entitled to summary judgment on their claims for conspiracy and unconscionable inducement, but not for the claim regarding breach of contract.

Appraisal 448

Appraisal Valuation Law Home Value 448

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

Housing Wire

DECEMBER 21, 2020

Steve Gottheim, who has been with ALTA since 2009, was promoted to general counsel. Hipp has been with ALTA for six years, and handled the management of a change in ALTA’s outside accounting firm, from developing the request for proposals to securing the contract.

Insurance 325

Insurance Government Advertising Legal 325

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. And, in-turn, when the market falls, it will fall forever.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 284

Construction Retail Mortgage Contracts 284

Housing Wire

JULY 7, 2022

Most of our customers select four or five year terms, meaning that pricing cannot be arbitrarily changed for the duration of the contract, which is why so many of our lenders opt for longer terms. I believe that Black Knight contracts are similarly structured. . With so much uncertainty in the industry, why do this acquisition now?

Modernization 448

Modernization Technology Investing Mortgage 448

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

Housing Wire

APRIL 14, 2022

When new MBS runoff-replacement contraction program will begin is not clear at this point. in 2009 to 1.9% Participants also generally agreed that the caps could be phased in over a period of three months or modestly longer if market conditions warrant.”. The FOMC’s next meeting is in early May.

Marketing 435

Marketing Investors Government Investing 435

Appraisal Buzz

JUNE 12, 2024

The company launched VRM University (VRMU) in 2009, offering “specialized training for financial services and real estate professionals.” Today, the company boasts of having “listed, marketed, managed, and sold over 700,000 properties.” It feels so great when I go to conferences and people walk up to me and say, ‘You have the best team.’

Training 221

Training Business Human Resources Appraisal 221

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. Just because they’re going to DocuSign the contract doesn’t mean we shouldn’t go over the finer points over the phone. Mike McElroy has been in the real estate business for seven years. So he started his own brokerage.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

Appraisal Today

SEPTEMBER 20, 2024

… If a property is under contract for purchase at $450,000 and an appraiser provides a market value appraisal of $425,000 for the property, the $450,000 sale price is a fact, while the $425,000 appraised value is the appraiser’s opinion. . This was in 2009 in the throes of the Great Recession. 3 on the way. percent from 6.29

Appraisal 82

Appraisal Business Contracts Real Estate 82

Appraisal Today

MARCH 22, 2024

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.89

Appraisal 73

Appraisal Contracts Business Insurance 73

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.80 The VA share of total applications increased to 14.1

Appraisal 89

Appraisal Contracts Insurance Construction 89

Town & Country Residential Appraisals

JUNE 6, 2022

When making a decision to contract just about anyone to perform a service, one of the most important qualifiers for most is the experience one brings to the table. You really don’t want someone building your deck who has never built one before or replacing your transmission if they have never worked on cars.

Real Estate 50

Real Estate Valuation Real Estate Agent Appraisal 50

Lamacchia Realty

JANUARY 29, 2025

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. The number of homes placed under contract (pending) decreased by 9.8% Pending sales are at a level not seen since 2009.

Inventory 61

Inventory Insurance Real Estate Buyers 61

Appraisal Today

DECEMBER 2, 2022

My personal comments: George called me before the first Appraisal Summit on December 9-11, 2009. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

Appraisal 89

Appraisal Agents Real Estate Real Estate Agent 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. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. Some appraisers do not like having a copy of the contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

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 average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.31 percent from 7.16 percent from 7.11

Appraisal 85

Appraisal Real Estate Agent Agents Real Estate 85

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

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JUNE 10, 2022

The hangar was built in 2009, and the home was completed in 2014. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.99

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JULY 1, 2022

Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 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 with jumbo loan balances (greater than $647,200) decreased to 5.42

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Lamacchia Realty

SEPTEMBER 20, 2023

Around 2009 all mortgage companies and regulators put a stop to it. If the closing cost credit exceeds the actual closing costs, technically, the parties would have to do an amendment to the contract and adjust the purchase price. That is no longer allowed. This enables the buyers to bring less money to closing.

Sellers 74

Sellers Buyers Property Taxes Inspection 74

Appraisal Today

JUNE 3, 2022

Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.33 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 5.20

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Patch of Land

OCTOBER 24, 2017

The median number of days from listing to contract were 41 days for single family houses, a 12.8% last year and a peak of 70% in 2009, according to the Miami edition of the World Property Journal. In July 2017, the Miami Association of Realtors reported a jump of 51.1% in sales of existing luxury condominium sales and a 9.6%

Real Estate 28

Real Estate Renovations Investing Investors 28

Appraisal Today

JUNE 24, 2022

percent – the highest since November 2008 and the largest single-week increase since 2009. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.98 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.62

Appraisal 52

Appraisal Contracts Mortgage Easement 52

Will Springer Realtor

OCTOBER 15, 2024

Meantime, the number of contract listings – known as Pending sales – rose 6.1% Underbuilding was a problem that’s been 40 years in the making, and it got worse in 2008-2009,” said U.S. After the Fed rate cut, mortgage applications jumped 9% in a week. economist Marci Rossell.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Will Springer Realtor

AUGUST 13, 2024

The number of buyer-seller contracts in one month tends to be a preview of the next month’s sales figures; deals typically take 4-6 weeks to close after going Pending. the lowest mark since records were first kept in 2009. Sales of single-family homes on the Eastside (600 units) and in Seattle (552) jumped about 8% from June to July.

Buyers 52

Buyers Investors Sellers Inventory 52

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 Housing Market 538

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.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. This person will typically contract a local real estate agent to list the property on a Multiple Listing Service, which may include national online listing platforms and local real estate sites.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Listing Spark

DECEMBER 15, 2022

To ensure compliance, it’s important to get an under contract, verify income and down payment, and have the borrower go to an RMLO to get a full underwrite. So obviously you know, back in 2009 and 2010 when we started doing owner finance and the markets, you know, you couldn’t flip a house or anything.

Finance 36

Finance Investing Real Estate Lending 36