Remove 2002 Remove Contracts Remove Loan Officers Remove Real Estate Agent
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The 2022 housing market: A tale of two halves

Housing Wire

“The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. Or will soon.

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The Similarities Between 2007 and Today

Appraisal Buzz

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We are seeing that as a profession again.

Appraisal 418
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ChatGPT for Appraisers

Appraisal Today

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. Rates increased for all loan types in our survey, with the 30-year fixed mortgage rate increasing to 7.09 percent, the highest rate since 2002. from 0.58 (including the origination fee) for 80 percent LTV loans.