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Home sales are going to nosedive in 2023, Fannie Mae says

Housing Wire

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The mortgage market is projected to slip further to $1.3 trillion in 2023, according to the government-sponsored enterprise. million in 2023.

Contracts 414
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The Current Colorado Housing Market and Predictions for 2024 and Ahead

Movoto

It’s beautiful from corner to corner, hence why the Colorado housing market is always one to watch. Whether you’re moving to Colorado, selling your Colorado home , or considering a business venture in the state, it’s valuable to first understand the Colorado real estate market. New listings are seemingly surging.

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Existing home sales data shows extent of housing inflation

Housing Wire

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

Inventory 437
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 292
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USPAP Myths for Appraisers

Appraisal Today

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M Excerpts: 4 Bedrooms, 4.5

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Lenders Not Using AMCs for Appraisals

Appraisal Today

Lenders Not Using AMCs for Appraisals By: McKissock June 23, 2023 Excerpts: Some appraisers seek alternate ways to find work outside of appraisal management companies (AMCs). My comments: Update from March 2023. June 28, 2023) — Mortgage applications increased 3.0 Most, or all, of the files are large zip files.

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Appraising Airbnb Properties

Appraisal Today

First finished homes projected to be finished in September, 2023.What What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction. What Can We Do? bath, 2,908 sq.ft.,