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Advice on Short-Sale Transactions

The Residential Specialist

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

Yun, who analyzed the current state of the residential market, offered his 2023 market outlook on Friday at the NAR conference in Orlando. In turn, purchase inventory levels have stayed low in most markets. Short sales are almost impossible because of the significant price appreciation of the last two years.”.

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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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Have we found the bottom in existing home sales?

Housing Wire

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! I have never believed in this concept because of how the housing market credit channels work.

Sales 531
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How can servicers best help borrowers as they exit forbearance?

Housing Wire

Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. HousingWire recently spoke with Travis Britsch, general manager of Hubzu , about post-forbearance strategies to benefit both servicers and borrowers.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

Michael Sklarz, President at Collateral Analytics : “We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”. What are the experts saying? Bottom Line.

Equity 244
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Navigating Real Estate Investments in a Correcting Housing Market

Realty Biz

The housing market is a dynamic and ever-changing landscape. Corrections in the housing market rank among the key factors that significantly impact this industry. Understanding housing market corrections is essential for investors, policymakers, and homeowners alike. It plays a crucial role in the economic health of a region.