Remove articles applications-drop-despite-falling-mortgage-rates
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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

But, despite the weekly moves, the one bright spot for housing is that housing inventory is growing on a year-over-year basis. Also, spreads between the 10-year yield and the 30-year mortgage got better last week, which is a big plus for the future if this trend continues. 2022: 17.6%

Inventory 473
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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. to stop hiking rates.

Inventory 546
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Non-Arms Length Sales for Appraisers

Appraisal Today

By knowing the type of sale, you are better able to reconcile a current opinion of market value that falls above or below a current or recent transaction for the subject property. In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system. Not sure if you want to subscribe?

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. For a long time, since AI dropped out of the Appraisal Foundation, I have said, “I am a 35-year member of AI.

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. I was wrong.

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. From 2017 through at least 2020, City National avoided marketing and underwriting mortgages in majority-Black and Hispanic neighborhoods. The article source above is the local newspaper Reno Gazette-Journal.

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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. I have included some of the articles below. Lower inflation?