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 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

Will Springer Realtor

AUGUST 13, 2024

July was marked by an expanding inventory of for-sale homes, fewer Pending sales and mostly higher prices. Inventory of all King County homes for sale (excluding Pending sales) was up 40% Year on Year (YoY) in July. months of condo inventory across the county and a whopping 4.4 from May) and in Seattle (off 1.9%). There are 3.1

Buyers 53

Buyers Investors Sellers Inventory 53

Appraisal Today

JUNE 10, 2022

” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. The hangar was built in 2009, and the home was completed in 2014. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.62

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JUNE 24, 2022

percent – the highest since November 2008 and the largest single-week increase since 2009. However, purchase activity was still 10 percent lower than a year ago, as inventory shortages and higher mortgage rates are dampening demand. 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

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. Low inventory of existing homes for sale is pushing buyers toward new homes and the price of key building materials has started to ease. This is nothing new.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

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

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 Falling new inventory is constraining transaction volumes while also supporting higher home prices. Four other residences have traded hands this year and two more are under contract for sale. Why the desire to leave?

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

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. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. in April).

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Housing Wire

FEBRUARY 22, 2022

Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. We have been in a perpetually bare market for inventory for so long now that builders are having to fill the demand and I am not sure when it is going to end, which is crazy,” said Noel.

Supply Chain 538

Supply Chain Construction Inventory Housing Market 538

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. Pending contracts First, we must realize that we are working with the third calendar year of the lowest home sales ever recorded, once you adjust that number to the workforce. To this date, these principles still apply.

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Inventory New Listings Mortgage Contracts 516