Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

JULY 6, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 33% 2022: 32% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a tad more demand this year.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Has the spring home-buying season already begun?

New Listings 508

New Listings Inventory Contracts Mortgage 508

Housing Wire

JUNE 29, 2024

2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like. Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 32% 2022: 31% Pending sales Below is our weekly pending contract data year-over-year to show real-time demand.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JULY 20, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 39% 2023: 34% 2022: 35% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a tad more demand this year.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

JULY 27, 2024

Most sellers are buyers and the housing market needs standard new listing data for the rest of the year. Here are the price-cut percentages for last week over the previous few years: 2024: 39% 2023: 34% 2022: 36% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand.

New Listings 518

New Listings Inventory Mortgage Sellers 518

Housing Wire

AUGUST 4, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 39% 2023: 35% 2022: 38% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a bit more demand this year. Weekly inventory change (July 26-Aug.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. 2023: 37% 2022: 41% Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

SEPTEMBER 22, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. 2023: 37% 2022: 41% Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Portland Appraisal Blog

DECEMBER 24, 2024

PEARL DISTRICT SUMMARY STATISTICS Taking the 35,000-foot view, we can see the average yearly prices have been steadily declining since 2016: Average prices this year are essentially the same as they were in 2015. The main reason for this decline is due to a couple of large high-rise condominium buildings being completed in 2016 and 2018. (We’ll

Marketing 88

Marketing Advertising Appraisal Inventory 88

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. It’s up to you to serve as their guide — some of these potential buyers are navigating these waters for the very first time.

Retail 418

Retail Real Estate Clients Modernization 418

Housing Wire

AUGUST 23, 2022

We had missed sales estimates in 2013, 2014 and 2015. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. Now the trick for the builders is figuring out how much they need to discount to get buyers to buy the homes under construction.

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

MARCH 26, 2023

With this new variable, I am looking at the economic data differently to see whether we get the credit contraction the Fed wants to see to stop inflation, or if they have the tools to keep the banking crisis at bay so the economy can expand, making their fight against inflation harder.

Inventory 476

Inventory Housing Market Marketing Mortgage 476

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 93

Buyers Inventory Sellers Appraisal 93

Housing Wire

JULY 12, 2022

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. The seller accepts it; they go into contract. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

DECEMBER 20, 2021

In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We But will end in December. And we found that 30 states had included at least one of those groups,” she said.

Mortgage 418

Mortgage Government Contracts Insurance 418

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. In other words, the 30 percent price rise wasn’t a “bid up” by wealthy buyers; it was a massive shift in the type of housing stock that was being created and sold.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

JUNE 14, 2024

million to more than $6 million, but that hasn’t put off buyers with that type of cash to spare. acre lot, Built in 2015 $115 million mega mansion said to be owned by investors Paul Kessler and Diana Derycz-Kessler, known for their luxury candy company Sugarfina, is far and away this week’s most expensive listing on Realtor.com®.

Appraisal 72

Appraisal Contracts Sellers Insurance 72

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. This report analyzes sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Average Prices Increase by 7.1%

Inventory 48

Inventory Sellers Buyers Contracts 48

Appraisal Today

DECEMBER 8, 2023

The process took several years of securing building permits, and the house was completed in 2015. The record comes as mortgage rates hover at elevated levels, hitting their highest level in 23 years last week and cutting deep into buyers’ budgets. Weekly housing-market data goes back through 2015. The four-bedroom, 4.5-bath

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

MAY 10, 2024

To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up? If buyers cannot get insurance or it is very expensive, it will affect value. From 2015 to 2018, there were 5 significant fires. What is happening in your market? percent from 7.29

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

SEPTEMBER 8, 2023

Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 The average contract interest rate for 5/1 ARMs decreased to 6.33

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

FEBRUARY 9, 2024

Bradley, SRA, CDEI In September of 2015, FHA revised Handbook 4000.1 That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.80 How does the FHA define appliances?

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. Compliance with Fair Housing laws, rules, and regulations.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Birmingham Appraisal

JUNE 28, 2022

A decreased pool of potential buyers due to higher interest rates has resulted in less competition. Again, this is significant because the housing inventory is starting to build back up which may give buyers more options when shopping for a house. The recent increase in interest rates has affected potential buyers. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Lamacchia Realty

JANUARY 27, 2023

Below is a graph that illustrates monthly home prices since 2015. Then rising rates happened and sales were down compared to 2021 and 2020 as buyer affordability diminished with each point raised. Remember, at this time prices were still rising so it was a double whammy for buyers and thus the decrease in sales. to $614,655.

Inventory 57

Inventory Buyers Real Estate Sellers 57

Appraisal Today

JANUARY 12, 2024

Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. The average contract interest rate for 5/1 ARMs increased to 6.17

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Will Springer Realtor

APRIL 14, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Stay tuned!

Contracts 36

Contracts Buyers Housing Market Design 36

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A The root causes of buyers overpaying are similar: Using an inexperienced agent (one with less than 6 transactions in total). This is the classic case of a buyer putting emotions over data.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020. That hypothesis, too, led to a dead end.

Appraisal 476

Appraisal Contracts Valuation Government 476

AmeriMac

DECEMBER 15, 2021

It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question. Experts looked at more than 8,500 houses that Fannie Mae had foreclosed upon between 2012 and 2015. The Situation With Appraisal Creep: An Overview.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question. Experts looked at more than 8,500 houses that Fannie Mae had foreclosed upon between 2012 and 2015. The Situation With Appraisal Creep: An Overview.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

Appraisal Today

APRIL 21, 2023

Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white. Affordability challenges persist and there is limited for-sale inventory in many markets across the country, so buyers remain selective on when they act. percent from 6.30 percent from 6.26 percent from 6.29

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

OCTOBER 28, 2022

2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. About 58% of home buyers say they’d consider purchasing a haunted home, according to our new survey of 1,000 Americans. Maybe now buyers would be less interested in haunted houses. Haunted House Appraisals. October 10, 2022.

Appraisal 52

Appraisal Contracts Valuation Mortgage 52

Appraisal Today

JUNE 10, 2022

At this point, we’d have to go back to the purchase market doldrums of 2010-2015 to find anything lower (with a few exceptions). These worsening affordability challenges have been particularly hard on prospective first-time buyers.”. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.62

Appraisal 52

Appraisal Contracts Business Mortgage 52