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End of forbearance programs won’t result in housing crash

Housing Wire

Many other articles were written in tribute to this wonderfully talented group of internet crash callers. The two-month COVID-19-caused recession represented both the sharpest and the shortest economic contraction in U.S. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. ended in April 2020.

Contracts 544
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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. In this hot market, it’s not surprising that this type of clause is being written into some contracts.

Appraisal 397
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Here’s what is happening in local housing markets across the country

Housing Wire

Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Thirty-three condo contracts were entered in July and 20 were in the $2-$4 million range. “New Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Become a member today.

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The state of the homebuilding market

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Homebuilding Contract Values.

Marketing 493
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Liberty Reverse parent receives shareholder approval for rebranding

Housing Wire

On Monday, Ocwen filed articles of amendment to its articles of incorporation in Florida, which is the first step to formally change the name, effective June 10. Starting that day, the company will begin trading on the New York Stock Exchange (NYSE) under its new ticker symbol, “ONIT.”

Contracts 448
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Redwood Trust plants flag in the massive home equity market

Housing Wire

That is done via what is called a home-equity investment contract, or an HEI. This week, Redwood and Point, the latter founded in 2014, announced that they have completed a first-of-its-kind securitization supported by those HEI contracts. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.

Contracts 397
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Opinion: Navigating buyer agent compensation

Housing Wire

This article suggests a way this could be done while increasing the chances buyer agent compensation would be negotiated. The final sales contract would be a document that supported the distribution of the funds at the closing. The negotiation would continue until the parties agreed to the terms of the sale.

Buyers 466