Clint Tsao - Senior Mortgage Banker

Builder sentiment will weigh through much of 2023.

Housing Recovery Forecast For 2024 As Homebuilder Sentiment Falls Again The NAHB believes the negative trend will continue into 2023, but that a housing market recovery could happen in 2024.

Rough water ahead...

Rate lock volume is down by 68% despite drop in mortgage rates Rate lock volume took a big hit in November due to affordability challenges and a refi market that dwindled to nonexistent levels.

We welcomed Mia Anderson of Berkshire Hathaway and Tiffany Jackson of Ally4Pets to our BNI Crofton Thursday AM chapter. We all read aloud the code of ethics and inducted two new members!

First time buyers are a shrinking percentage of buyers overall. However, planning ahead for tax refunds and stronger credit and stable income over the next months can make a huge difference.

The Number of First-Time Homebuyers Hits Record Low, Survey Finds As prices soared to previously unimaginable heights, fewer first-timers were able to gain a toehold into homeownership.

I presented mortgage market updates and unique programs (beyond the norm) for homebuyers at today's BNI meeting for my Crofton morning chapter. It went well, and there were good questions I fielded at the end. We also had a couple of realtors visit for our open spot. Ah what timing!

NOW INTERVIEWING REAL ESTATE AGENTS
AN INVITATION TO VISIT CROFTON THURSDAY MORNING 7:30AM-9AM (Nautilus Diner 1709 Transportation Blvd. Crofton, MD 21114)


Network and Grow Your Business Bring extra business cards and infomercial. (Breakfast fee applies)

Register below (visit us):
https://lnkd.in/g3gaQPCX

Financing Options in a Changing Market FREE to GBBR Members !
Friday, October 28, 2022 (9:30 AM to 11:00 AM) limited to seating!
1.5 CE Hours
Instructor: Clint Tsao, Sandy Spring Bank
This is a 1.5 Hour elective class

https://www.hcar.org/pages/classes-events/
Underwriting Explained
All continuing education classes are free for HCAR members!
Wednesday, October 19, 2022 (1:30 PM to 3:00 PM)
1.5 CE Hours Instructor Clint Tsao

The prices are starting to change direction but no crash is coming.

Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011 The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become even less affordable.

This could affect MidAtlantic properties and beyond.

FEMA report: Flood insurance hikes will drive 1M from market ST. LOUIS (AP) — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.

Time for new beginnings. Very thankful and ready to go!

Very happy to be at a great workplace!

Clint Tsao - Senior Mortgage Banker updated their phone number.

Prices may be peaking and rates are nowhere near double digit of more than 14% as they were in 1980.

High home prices collide with high mortgage rates CNBC's Diana Olick joins 'The Exchange' to report on the increase in the existing home median price and expectations for sales in the face of high interest rates.

Market conditions dictate adjustments.

FHA or Conventional Loan? Go Conventional If You Qualify, Experts Say FHA loans have more lenient qualification criteria than conventional loans. However, they can make it more challenging to purchase a home in a hot market.

Home Sales Tumble Again as Mortgage Rates Surge Sales of previously occupied U.S. homes slowed in April for the third month in a row as mortgage rates surged, driving up borrowing costs for would-be homebuyers as home prices soared to new highs.

Another housing bubble? 'We’re skating close to one,' says Realtor.com economist The stubbornly hot U.S. housing market now has economists flirting with the real estate industry's most feared word: Bubble.

April is Fair Housing Month. So teaching a CE class on Fair Lending is appropriate.

Fed issues warning on housing bubble.

Federal Reserve issues warning over "brewing U.S. housing bubble" Economists say the pandemic housing boom is showing "signs of exuberance" akin to the boom of the early 2000s.

We can't rule out a housing bubble, says Federal Reserve bank There are signs of a brewing U.S. housing bubble. At least that's according to researchers at the Federal Reserve Bank of Dallas.

https://www.housedigest.com/781982/how-the-russian-invasion-of-ukraine-is-affecting-the-american-housing-market/

How The Russian Invasion Of Ukraine Is Affecting The American Housing Market The Russian invasion of Ukraine is affecting our housing market in the U.S. Here are the details on what's happening and what may happen in the near future.

Putting things in perspective in the real estate market.

Mortgage Rates Are Back Above 4% for the First Time Since 2019. Experts Say That May Not Be a Problem for Homebuyers Mortgage rates topped 4% this week for the first time since 2019, pushed up by inflation and other economic factors, but they remain near historic lows.

5.0 star review received on Experience.com for Clint Tsao by Alexander Todd A. - Clint was incredibly helpful and had the entire loan process streamlined for us, making buying our first home a truly wonderful experience!

New ★★★★★ 5 Star Experience.com Review by Alexander Todd A. Click to see all 11 reviews of Clint Tsao,
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Clint Tsao - Senior Mortgage Banker updated their information in their About section.

This recent article is fallout from the Surfside Condominium collapse and will likely become a potential sore spot for condo purchasers and sellers. Structural soundness is a loophole being addressed for 2022 by Fannie Mae and Freddie Mac, and Wall Street funding sources are switching over to this new criteria. It means conventional purchases will have longer condominium questionnaires and require more work and documentation by the appraiser and the condo association to verify any deferred maintenance. This issue alone could kill a purchase deal. It is likely to increase the timeline too. So in addition to determining if a condo is warrantable, this is a potential game changer for the condo market.

New Lending Rules Threaten Some Condo Sales Fannie and Freddie tighten condo-lending rules. Details vary, but they generally won’t back single-unit condo loans if a building has deferred maintenance issues.

4.5 star review received on Experience.com for Clint Tsao by James M. - Great and smooth process

New ★★★★★ 4.5 Star Experience.com Review by James M. Click to see all 10 reviews of Clint Tsao,
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5.0 star review received on Experience.com for Clint Tsao by Kelley Leigh L. - Clint was outstanding.

New ★★★★★ 5 Star Experience.com Review by Kelley Leigh L. Click to see all 9 reviews of Clint Tsao,
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