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Condo originations ‘streamlined’ through project advisor tool: Freddie Mac

Housing Wire

Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement.

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Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday.

Tools 394
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

Inventory 434
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Is the sinking housing market finally at the bottom?

Housing Wire

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. in 2023, according to Fed staff.

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StreetEasy launches New York City home valuation tool

Housing Wire

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said.

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Strategies for securing listings in today’s housing market

Housing Wire

Online tools In today’s digital landscape, leveraging the right tools is vital to success. Personalized communication is a powerful tool. Be enthusiastic and confident in your ability to help them. This approach establishes a solid foundation for a lasting relationship, minimizing any doubts they may have.

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How appraisers value homes in a hot housing market

Housing Wire

That’s where appraisers put on their thinking caps and dig in and do their research on how they might adjust the comparable sale they’ve selected to account for current market conditions.”. Indeed, time adjustments are a valuable tool that appraisers use to reflect changing prices in the local housing market.