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Like U.S. population, the workforce is aging faster

Housing Wire

Similar increases among women between the ages of 55 to 59 and 70 to 74 were also observed at that time, but they decreased for women in the 60-64 bracket in 2023. The female share of the labor force ages 55 or older has generally fallen since 2010, though it did increase slightly in 2023.

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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

In 2010, I was still puzzled by the reticence of many appraisers to embrace the Cost Approach as it increases our level of credibility. I can use median or average, but I have to remember to cull the data for common sense bracketing and consider overall site sales related to the subject property use and size. 4) Streamline (update).

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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, created in direct response to the financial crisis, requires lenders to check a buyer’s ability to repay (ATR), which protects them from predatory lending practices. For the next six months, we expect ARMs to have some popularity,” said Johnson.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Put another way, the monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. So, what did they do?