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How much will home prices climb over the next year?

Housing Wire

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 341
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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.

Marketing 221
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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

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Appliances for FHA appraisals

Appraisal Today

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates.

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Too many appraisers?

Appraisal Today

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. The hangar was built in 2009, and the home was completed in 2014. Purchase vs. refi appraisals.

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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. ==. It looks like the change is starting because of increasing mortgage interest rates. USPAP and the Contract. They think it is a contract to hit (it isn’t).

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Home Prices Rising Toward Record Highs – Again

Will Springer Realtor

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. Mortgage rates higher than in recent years exacerbate the lock-in effect in the resale housing market. This is nothing new.