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Market Correction or Seller Panic?

Appraisal Buzz

Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation. Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

Sellers 435
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Where home seller profit margins are shrinking

Housing Wire

This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said. Despite this drop, investment returns for home sellers is still up from 48.8% Metro results for home sellers.

Sellers 435
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Catch-22: When You Have Millions of Vacant Homes But Also a Housing Shortage 

Appraisal Buzz

New Orleans Total housing units: 466,902 Vacant housing units: 67,704 Vacancy rate: 14.50% Most common reason for vacancy: Housing unit is for rent Share of vacant housing units empty for most common vacancy reason: 23.49% Median home value: $263,500 Median gross rent: $1,159 2.

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Lenders must address repurchase risk before they go bust

Housing Wire

Mortgage loan buybacks, often referred to as repurchases, occur when a loan sold to an investor or GSE fails to meet the agreed-upon underwriting, legal, or regulatory standards. Loan buybacks also harm investors by introducing volatility and diminishing returns. In Q2, Freddie Mac seller repurchases rose to $430 milliona 29.1%

Investors 369
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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

.” With “Raveis Purchase,” which officially launched earlier this month, WRRE will acquire the home-seller’s property for an initial payment of up to 80% of the current value of the home, which unlocks the majority of the equity and enables the seller to settle any mortgages.

Brokerage 435
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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions. “There are really no national indicators, anywhere in the data, that show home prices currently falling,” Mike Simonsen, president of Altos, said in a recent commentary.

Inventory 488
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. You can also create messaging for your investor clients to inform them of possible investment opportunities. Here are some of the ways you can segment your contacts.