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Why higher rates aren’t crashing home prices

Housing Wire

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. In fact, home prices have firmed up higher recently. Even the IMF was begging the U.S.

Inventory 546
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%.

Inventory 458
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 458
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Appraisal in Changing Markets

Appraisal Today

Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices. This spike basically peaked one year ago as size has started to normalize. A quick change in interest rates has led to a quick change in the market.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Read this article on how to check CO detectors. My comments : Read this article, especially how to identify and check CO detectors. Killed by Carbon Monoxide: Appraiser Blamed. You may save someone’s life!! by Kendra Budd, Associate Editor, WorkingRE. For starters, the difference between a smoke alarm and a CO detector is quite simple.

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Weird Real Estate Agent Photos for Appraisers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. Spiking housing supply & fewer buyers. To read more, click here. My comment : We all love these photos!

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Appraising Unusual Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on MLS hacked, Wells Fargo discrimination, unusual homes, mortgage origination = $274K Bedford, Pennsylvania Mansion Comes With Its Own Jail Excerpts: 5 bedroom, 1.5+ Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? built in 1905) 0.66