Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. The post Is this housing market affordable for the average shopper?

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Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb.

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Housing Wire

NOVEMBER 4, 2024

Having previously written about the Greater Boston housing market a few times for HousingWire, I’ve had the opportunity to get to know some of the area’s top agents and brokers. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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Housing Wire

JULY 24, 2023

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.

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Housing Wire

SEPTEMBER 30, 2021

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. One kid will give $4 instead of $1.

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Housing Wire

JUNE 26, 2024

The Florida housing market faces an outsized risk from weather events and larger climate issues. John Rogers, chief innovation officer at CoreLogic , outlined the risks but also the positive developments he sees in the Florida housing market at an event held by the National Association for Real Estate Editors (NAREE) last week.

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Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At

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Housing Wire

MAY 3, 2024

Local agents say all of this demand, combined with the inventory shortage, continues to cause bidding wars , but negotiations are not as intense as they were at the peak of the post-pandemic housing market. “If This influx of new residents is driving up demand for housing.”

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Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

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Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Appraisal Buzz

MARCH 5, 2025

Increasing inventory and reduced demand has tilted the housing market in buyers favor in recent months. As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house.

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Housing Wire

AUGUST 14, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housing market. A score of 30 denotes a balanced market.

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Housing Wire

JUNE 28, 2024

According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. For many, summertime in northern New Hampshire is the perfect opportunity to get back to nature, relax lakeside and generally slow down a little.

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Housing Wire

OCTOBER 5, 2021

One such way a buyer could make their offer more appealing is by waiving an inspection. In 2021, 65% of sellers reported that they received at least one offer that waived an inspection , but 88% of successful buyers said they got an inspection prior to finalizing their home purchase.

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Housing Wire

SEPTEMBER 5, 2024

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates.

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Housing Wire

JULY 29, 2022

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year.

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Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. New-home sales — while making up a considerably smaller share of the housing market — rose sharply in July. in August to a seasonally adjusted annual rate of 3.86

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Housing Wire

MAY 3, 2024

These buyers understand that more inventory is coming to the market and that they will have options. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Difficult inspections have been on the rise over the last few months. In 2024, the housing market is set to continue on.

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Housing Wire

JULY 23, 2024

Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% Housing markets that were hot after the pandemic began had the highest cancellation rates last month as many of those markets have cooled. In his market, 17.6%

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Housing Wire

OCTOBER 27, 2020

In today’s hot market, buyers are doing all they can to stand out. Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. Are you thinking of skipping inspections or repair requests and handling any minor home repairs yourself?

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Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022.

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Appraiserblogs

OCTOBER 29, 2024

The Federal Housing Finance Agency’s (FHFA) recent push to expand the use of appraisal waivers represents a concerning and potentially disastrous gambit that threatens to undermine the integrity of the housing market and the broader economy as a whole.

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Housing Wire

OCTOBER 28, 2024

The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines. “To The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado.

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Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. But Fleischmann noted that he still sees the occasional escalation clause, as well as waived inspections and appraisal gap clauses. “I

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Housing Wire

MARCH 19, 2025

Many insurers have added stricter limitations on hail coverage, such as higher deductibles for wind and hail damage, actual cash value settlements instead of replacement cost and mandatory roof inspections and age-based exclusions which can deny full coverage for older roofs regardless of their condition before the storm, Lopez said, noting how the (..)

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Housing Wire

APRIL 25, 2024

It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. . Buyers are really struggling.”

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Housing Wire

DECEMBER 6, 2024

How about that pest control service you used for your clients termite inspection? Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools. RealTrends.com Housing market data by city and state, agent news, and advice.

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Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. Those are "PiW" loans or have a "Property Inspection Waiver." I've heard of fees as low as $8 to do the inspection and $78 for the appraiser.

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Appraisal Buzz

JUNE 14, 2021

Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted. housing markets. Even better, it will eliminate the need for appraisal waivers and protect all parties and the housing market as a whole.

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Appraisal Buzz

JANUARY 3, 2025

According to Zillow s most recent market research, the erratic and abrupt changes in mortgage rates that had a significant impact on the housing market in 2024 will undoubtedly be a significant factor in the upcoming year. Those shopping this winter have plenty of time to choose and a relatively strong position in negotiations.

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Housing Wire

DECEMBER 8, 2020

Many property investors continue to take advantage of sellers who don’t have the time or resources to get their house market-ready,” Stech said. If the seller accepts the offer and an inspection is completed, Sundae offers a $10,000 cash advance prior to closing to help homeowners with moving costs and other expenses.

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Housing Wire

OCTOBER 26, 2020

As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes. Inspex solves an issue unique to 2020 by adding flexibility for homeowners who may not be comfortable with a vendor in-home inspection. Solutions to Pandemic Era Issues.

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Appraisal Buzz

JUNE 21, 2021

I’ve had appraisal inspection days that took me through snow in the late morning (in the city of Tehachapi) and, just a few hours later, to a sun-drenched beach home in Malibu, where the weather was in the mid-90s and the locals were all wearing shorts. It wasn’t the type of inspection most appraisers are ever likely to have.

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Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). What am I talking about? Some of these have been around for many years. Think of it like a dental hygienist cleaning your teeth with the dentist checking and approving the work.

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Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse.

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Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more.

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