Housing Wire

AUGUST 30, 2022

From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 months even if the last existing home sales report showed home price growth of near 11% year over year. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble.

Equity 317

Equity New Construction Construction Short sale 317

Housing Wire

SEPTEMBER 28, 2023

The mortgage lending industry exists to make home loans, not to repossess them. Loan modifications, deeds in lieu and short sales have now become the preferred path to addressing defaults, although none of them are 100% effective. Understandably, foreclosure has never been a popular topic. Nor should it be.

Industrial 448

Industrial Mortgages Technology Loans 448

CT Homes

FEBRUARY 3, 2022

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

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Short sale Sales Pre-approval Principal 52

Realty Biz

JANUARY 1, 2021

If a homeowner chooses to sell the property to avoid actual foreclosure they are usually ready to negotiate on the sale price of the home. Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Jordan Matin, Portland Homes for Sale.

Short sale 114

Short sale Pre-approval Banks Loans 114

RIS Media

MARCH 18, 2022

Existing-home sales fell by 7.2% regions experienced lower month-over-month sales in February. Likewise, year-over-year sales were down a total of 2.4% Year-over-year, sales decreased 2.4% (6.17 month supply at the current sales pace. Single-family home sales jumped to a seasonally adjusted annual rate of 5.35

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Sales Construction Mortgages Short sale 98

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

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Sales MLS Short sale Residential 100

Calculated Risk Real Estate

SEPTEMBER 8, 2023

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

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Closing Equity Short sale Principal 130

RIS Media

MARCH 25, 2021

Fueled by low interest rates, loose mortgage-lending standards and the nation’s unshakeable faith in homeownership, home values rose at record rates year-after-year. When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. Factor No. Factor No.

Marketing 131

Marketing Equity Lending Short sale 131

Lighter Side of Real Estate

APRIL 6, 2022

A difference is, back in 2007 and the years leading up to it, banks had been lax in their lending standards, and much of the market was affected by what is known as “subprime” mortgages. Again, ideally the bank won’t lend you money you can’t handle paying back, but ultimately it’s your responsibility to know what you can and can’t handle.

Mortgages 145

Mortgages Fixed-rate mortgage Banks Lending 145

Marco Santarelli

MAY 22, 2024

After a scorching hot few years, recent data reveals a slowdown in home sales activity. Rising mortgage rates are slowing home sales but prices stay high. Experts say no, unlike 2008, lending standards are stricter and inventory is low. The Midwest witnessed a 1% decline in sales but recorded a 6% price increase.

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Mortgages Marketing Lending Fixed-rate mortgage 98

First Team Real Estate

JANUARY 29, 2021

With the moratorium on home foreclosures, distressed sales have dipped to their lowest levels ever, making up less than half a percent of the listing inventory and demand in Southern California. Tight lending qualifications continue to keep the housing market strong, and we’ve already seen a V-shaped recovery.

Equity 98

Equity Lending Short sale Sales 98

Redfin

MARCH 4, 2025

Whether youre looking at homes for sale in San Antonio, TX , or in Wilmington DE , there are options for you. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Some are more common than others, so lets take a look at them.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

Calculated Risk Real Estate

JUNE 8, 2023

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

Closing 95

Closing Equity Short sale Principal 95

Calculated Risk Real Estate

DECEMBER 7, 2023

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

Closing 78

Closing Equity Short sale Principal 78

Realtor.com

DECEMBER 20, 2022

Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Homes are now sitting on the market longer, more sellers and builders are slashing prices, and sales are evaporating. Sellers now often have to make concessions, sometimes even expensive ones, to get a sale across the finish line.

Marketing 113

Marketing Construction New Construction Investor 113

HomeLight

NOVEMBER 10, 2021

The term iBuyer encompasses a list of companies including Opendoor, Offerpad, Zillow, Redfin, and HomeLight (we offer iBuying services through our Simple Sale and Trade-In platforms). HomeLight Simple Sale. With Simple Sale , HomeLight provides an all-cash offer for homes in almost any condition. Who are the iBuyer companies?

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Home sale contingency Sales Closing Short sale 118

Calculated Risk Real Estate

MARCH 7, 2024

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

Closing 75

Closing Equity Short sale Principal 75

Calculated Risk Real Estate

SEPTEMBER 12, 2024

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

Closing 69

Closing Equity Short sale Banks 69

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Typically a recession brings lower lending costs overall, but you should still pursue the best option. For example, the average sale price of a home from January to March 2007 was $322,100.

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Title search Short sale Title Fixed-rate mortgage 59

HomeLight

SEPTEMBER 1, 2022

The so-called appraisal gap began rising in frequency around July 2020, and by June 2021, there was a gap between sales price and appraised value in one-fifth of all home sales requiring financing. These are called comparable sales , or comps, because they should be similar to your home in terms of size, age, location, and condition.

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Purchase and sale agreement Earnest money deposit Short sale Loans 107

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. The appraisal helps ensure that the mortgage company doesn’t lend more than the property is worth.

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Purchase and sale agreement Backup offer Proof of funds Finance 111

HomeLight

JUNE 16, 2023

The crowds, the fast-talking auctioneers, the large amounts of money being bid: Auctions are exciting no matter what’s for sale, and when it’s a house up for auction, then it’s no wonder that foreclosure auctions can capture the imagination of many a home shopper. Here are seven ways to buy a home at auction without cash.

Hard money loan 98

Hard money loan Equity Finance Loans 98

HomeLight

FEBRUARY 26, 2021

According to HomeLight’s data, a deep clean can add more than $1,700 to a home’s sale price, and is likely to speed up the sale process. Eva Cedillo , a top-performing agent in San Joaquin County, California, says a deep clean is by far the most important step in fast-tracking a fixer-upper sale. “90%

Investor 110

Investor Inspection Renovation Sales 110

Calculated Risk Real Estate

JUNE 7, 2024

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

Closing 64

Closing Equity Short sale Banks 64

Marco Santarelli

JUNE 12, 2021

Both the sales and prices of single-family homes are rising in double-digits in 2021. The Year-to-Date closed sales are up by 17.8%. It is simply the sum of all sale prices in a given time period but it is a strong indicator of the health of the real estate industry in a market. Total cash sales for year-to-date are up by 41.6%

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Marketing Investor Residential Sales 145

HomeLight

JULY 6, 2023

Appraisal contingency To ensure they aren’t lending more than a property’s fair market value, lenders typically require a home appraisal. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. An offer has been accepted, and the sale is expected to close.

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MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days. Disclosures.

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As-is Inspection Investor Closing costs 119

HomeLight

JUNE 30, 2021

Between favorable mortgage interest rates and a low inventory of available homes for sale, buyers were submitting purchase offers of thousands of dollars over asking price , and sellers (and their agents!) Less properties, less sales. Housing-specific recession sign #5: Loose lending standards. were fielding multiple offers.

Equity 93

Equity Loans Lending Industrial 93

HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. The appraiser is simply a third-party professional who comes to the property to make sure the bank is lending on a property that is actually there, has the size and features (bedrooms, baths, etc.) You’re ready to move on. Be flexible in scheduling.

Loans 119

Loans Agents Inspection Closing 119

RIS Media

OCTOBER 5, 2021

Still, even among borrowers with 40% equity stakes who are referred to foreclosure, some 30% in recent years have lost their home to foreclosure sale, short sale, deed in lieu, etc.,” ” said Graboske.

Equity 98

Equity Fixed-rate mortgage Short sale Mortgages 98

HomeLight

SEPTEMBER 30, 2020

While these are all questions that your real estate agent and lending professionals can help you answer, sometimes seeing what different home purchases look like can be helpful, too — so you can hear how other people made their dream of homeownership finally happen. We had to do a short sale on our home and start from scratch.”.

Loans 98

Loans Closing costs Short sale Finance 98

HomeLight

MARCH 21, 2022

Reduce the stress of selling by requesting a cash offer from HomeLight’s Simple Sale platform today. Certain investors on HomeLight’s Simple Sale platform. Generally trade-in companies will offer to buy your current home, freeing up your funds to buy a new home and removing the need for a home sale contingency.

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Home sale contingency Closing costs Investor Sales 105

McKissock

MARCH 26, 2021

Sale Types Explained. Whether considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different sale type. as required for UAD compliant appraisal reports. Upcoming webinars.

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Short sale Sales Residential MLS 55

Redfin

JANUARY 28, 2025

Access to more affordable housing For buyers who may not otherwise qualify for a new FHA loan (due to high interest rates, stricter lending criteria, or other factors), assuming an existing FHA loan might provide access to a home they otherwise couldnt afford. Can I assume an FHA loan if the property is a foreclosure or short sale?

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FHA loan Loans Closing costs Mortgages 31

HomeLight

FEBRUARY 24, 2023

The median sale price for a single-family home in Florida in Q4 of 2021 was $365,000, and it went up to $400,000 in Q4 of 2022, a 9.6% Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

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House Flipping Renovation Investor Finance 105

HomeLight

DECEMBER 29, 2021

For example, if you specialize in flips and they tend to buy and hold properties, that could lend itself to a symbiotic relationship rather than a competitive one. To prevent this situation, try looking for an agent who has a different strategy than you. Source: (Árpád Czapp / Unsplash).

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Investor Property Management Renovation Agents 98