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Biden’s first-time homebuyer tax credit in the age of COVID-19

Housing Wire

economy into a recession and killed more than 208,000 Americans, the plan from the frontrunner in the presidential election is well-aimed to assist the only weak link in an otherwise booming the housing market: First-time buyers trying to scrape together a down payment. Now that the pandemic has plunged the U.S.

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How much will home prices climb over the next year?

Housing Wire

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. When you look at just the new sales each week, you can see how the pace of the market has recovered. In 2022 there were 418,000.

Inventory 341
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“It’s crazy”: Homebuilders big and small struggle to finish projects

Housing Wire

But homebuilders big and small continue to run into the same problems – building permits are on file, contracts with buyers are inked, but subcontractors often don’t show, and access to materials have led to longer build times and cost overruns. Housing starts are also looking up, rising 1.4% Currently, over 1.7 above the 2020 figure.

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Fed retreat from MBS market sparks short-term uncertainty

Housing Wire

Participants also generally agreed that the caps could be phased in over a period of three months or modestly longer if market conditions warrant.”. When new MBS runoff-replacement contraction program will begin is not clear at this point. in 2009 to 1.9% The FOMC’s next meeting is in early May.

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How to select appraisal comps

Appraisal Today

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+

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Appraisals – Check the Water Source!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. We have never seen a pandemic real estate market before. Real estate market? ==.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Then the housing bubble burst. Is this the beginning of a housing bubble, 2021-style? “I