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Pending home sales fell 7.1% in August

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. below the August 2022 level.

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Apps for Appraisers

Appraisal Today

Confirm that you are covered by your appraisal E&O insurance policy for hybrid and desktop appraisals. percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.57

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Mortgage rates continue to climb beyond 7%

Housing Wire

This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

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NAR Appraisal Survey 2022

Appraisal Today

Excerpts: Year Built: 2001. If this article helped you understand more about disability insurance, it is worth the subscription price! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.75 The Tectonic House in Venice Beach, CA – $5.8M.

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SFR with ADU or Two Units?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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ChatGPT for Appraisers

Appraisal Today

Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. 2023 E&O Insurance Brokers Risks of Expert Work by Claudia Gaglione, Esq A long article from Claudia with 4 very good case studies. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.51