Housing Wire

NOVEMBER 16, 2023

This turned out not to be an overstatement – and its possible abolition is opening the doors to entirely new ways to buy and sell homes. Realtors are able to modify select provisions in the contract form as they negotiate on behalf of their clients. Rajesh Bhat serves as a Board Director of The Mortgage Office.

Realtors 417

Realtors Contracts Real Estate Agents 417

Housing Wire

FEBRUARY 9, 2021

Presented by: Motto Mortgage. The median sale price for homes in seasonal towns rose 19% year over year in December to $408,000. Home sales in the Hamptons shot up 51% in the third quarter; contracts for homes in Palm Beach rose 62%; and skiing destinations like Aspen, Colorado saw an uptick in children’s school enrollments.

Home Value 418

Home Value Brokerage Contracts Agents 418

Appraisal Buzz

SEPTEMBER 5, 2024

The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond. in mid-2022.

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

JULY 14, 2021

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. Home prices in seasonal towns, meanwhile, rose 28% year over year to $468,000 in June.

Home Value 468

Home Value Contracts Lending Mortgage 468

Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. Those securitization outlets for home-equity products are critical to ensuring liquidity for ongoing operations.

Contracts 347

Contracts Lending Investing Investors 347

Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

Appraisal 433

Appraisal Law Valuation Home Value 433

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). As of March 8, according to Commerce Bank , the prime rate was 7.75%.

Housing Market 352

Housing Market Marketing Contracts Lending 352

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 431

Brokerage Real Estate Insurance Clients 431

Housing Wire

JANUARY 2, 2023

(The Case-Shiller home price indices for October is a three-month average of closing prices in August, September and October. Because most home sales take several months from contract to closing, the data likely includes some deals struck in June and July.). to a reading of 315.13.

Home Value 391

Home Value Housing Market Contracts Sellers 391

Appraisal Buzz

DECEMBER 18, 2024

cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Markets Manchester, NH Named Most Popular Market Overall: Home shoppers are becoming more interested in Manchester, the states largest city. to $415,000 in the last year.

Architecture 370

Architecture Home Value New Listings Contracts 370

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted. To learn more, visit consolidatedanalytics.com.

Inventory 400

Inventory Technology Design Tools 400

Housing Wire

JUNE 17, 2024

With every home sale, Offrs’ algorithm improves its understanding of who will likely sell their home next. After more than a decade, it can predict which homes will go on the market with an accuracy of more than 70%! How does Offrs’ AI-powered lead generation work?

Advertising 377

Advertising Real Estate Tools Contracts 377

Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

Housing Market 313

Housing Market Marketing Construction Inventory 313

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Although house-price appreciation will grow at a more moderate rate, home prices [still] remain high relative to homebuyer incomes. The Beige Book.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

JUNE 21, 2022

billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. “A A strong purchase market and continued home appreciation helped offset ongoing contraction in refinance volume to help drive the 3.6% Overall, title underwriters paid of $132.7

Insurance 299

Insurance Home Value Contracts Marketing 299

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The Northmarq report points out that the BFR sector currently accounts for only a small slice of overall home starts, at about 6%. “As Riding a cresting wave.

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . Mortgage production in 2022 nationally was down about 50% from $4.44

Marketing 433

Marketing Investing Investors Landlords 433

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Raleigh Realty

MARCH 26, 2022

So let’s jump right in then Table of Contents: Local Knowledge It's Free Investment Purposes Knows Other Agents Local Resources Schedule Showings Emotional Control Experience Negotiations Financial Strategies Communication You Want Someone With Knowledge Of The Area Location is the single most important factor in finding the best home.

Real Estate 148

Real Estate Buyers Agents Contracts 148

Raleigh Realty

FEBRUARY 19, 2022

During the home buying process, the appraiser's sole responsibility is to ensure the bank, and thereby you, are paying the cost of what the home is worth. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. Not a cent more.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. It's their job to protect the mortgage companies' investments. It may be good news or it may be not-so-good news.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The

Renovations 292

Renovations Investing Real Estate Marketing 292

Lamacchia Realty

DECEMBER 24, 2024

Single families: $898,269 (2023) | $991,574 (2024) Condos & Townhomes: $519,419 (2023) | $521,826 (2024) Homes Listed For Sale in South Florida: T he number of homes listed is up by 5.4% 2024: 9,931 2023: 9,425 2022: 8,371 Pending Home Sales in South Florida: The number of homes placed under contract is down by 4.1%

Real Estate 50

Real Estate Home Value Buyers Sellers 50

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. How appraisals affect the sale. Appeal the appraisal.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. How appraisals affect the sale. Appeal the appraisal.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Appraisal Today

APRIL 26, 2024

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. April 24, 2024) — Mortgage applications decreased 2.7

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Lamacchia Realty

OCTOBER 25, 2024

Single families: $954,233 (2023) | $955,546 (2024) Condos & Townhomes: $477,882 (2023) | $501,839 (2024) Homes Listed For Sale in South Florida: T he number of homes listed is up by 3.6% 2024: 10,013 2023: 9,667 2022: 9,054 Pending Home Sales in South Florida: The number of homes placed under contract is down by 12.1%

Real Estate 58

Real Estate Sellers Buyers Realty 58

Lamacchia Realty

DECEMBER 24, 2024

Single families: $698,107 (2023) | $728,237 (2024) Condominiums: $608,752 (2023) | $652,668 (2024) Multi-families: $658,276 (2023) | $776,132 (2024) Homes Listed For Sale: T he number of homes listed is down by 13% when compared to November 2023. Instant Home Evaluation See immediately how this market is impacting your home value.

Real Estate 52

Real Estate Home Value Sellers Buyers 52

Lamacchia Realty

DECEMBER 24, 2024

Single families: $558,496 (2023) | $604,560 (2024) Condominiums: $532,461 (2023) | $460,780 (2024) Multi-families: $469,320 (2023) | $540,144 (2024) Homes Listed For Sale: T he number of homes listed is down by 9.3% 2024: 1,174 2023: 1,294 2022: 1,231 Pending Home Sales: The number of homes placed under contract is up by 6.4%

Real Estate 48

Real Estate Home Value Sellers Buyers 48

Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In this post, we talk about how issues near and far play a role in home sales. Similarly, higher rates might price some purchasers out of receiving mortgage loans.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Lamacchia Realty

DECEMBER 24, 2024

Single families: $608,389 (2023) | $628,629 (2024) Condominiums: $402,480 (2023) | $483,392 (2024) Multi-families: $528,155 (2023) | $612,108 (2024) Homes Listed For Sale: T he number of homes listed is up by 0.4% 2024: 1,086 2023: 1,082 2022: 1,173 Pending Home Sales: The number of homes placed under contract is up by 28.3%

Real Estate 47

Real Estate Sellers Home Value Buyers 47

Lamacchia Realty

DECEMBER 24, 2024

Single families: $477,564 (2023) | $482,958 (2024) Condominiums: $490,973 (2023) | $497,329 (2024) Multi-families: $472,635 (2023) | $543,962 (2024) Homes Listed For Sale: T he number of homes listed is down by 7% when compared to November 2023. Instant Home Evaluation See immediately how this market is impacting your home value.

Real Estate 47

Real Estate Sellers Home Value Inventory 47

Eppraisal

MARCH 10, 2023

Chances are that you will be able to sell your current home quickly and replace some of the savings and investment monies you used, in no time. Get Approved to Buy Without Selling A similar concept is to get approved for a mortgage on the second house without having to sell and close on your current house first.

Sellers 68

Sellers Home Value Real Estate Real Estate Agent 68

Appraisal Today

MARCH 3, 2023

household Excerpts: The ratio between Black home values and home values overall is closing. Black home values increased faster than home values for all other races over the course of the pandemic, giving an equity boost to Black homeowners. Black home values appreciated 42.5%

Tools 52

Tools Appraisal Home Value Business 52

Appraisal Today

AUGUST 23, 2024

Billionaire Getty Heir Puts Extraordinary Greek Temple (Temple of Wings) on the Market for $5 Million Redfin Reports Investor Home Purchases Post Biggest Increase in Two Years The Biggest Home in Each State Objectionable Valuations Become Hate Speech, Inflating Home Prices Mortgage applications decreased 10.1

Appraisal 68

Appraisal Contracts Investors Property Appraisal 68

Eppraisal

APRIL 20, 2021

Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time.

Sellers 66

Sellers Loan Officers Inventory Home Value 66