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The risk of zero-down loans while the Fed talks recession

Housing Wire

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

Inventory 544
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Local Markets: Louisville, Reno and San Diego

Housing Wire

Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It

Marketing 374
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

Inventory 467
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003.

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Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

The housing market is cooling-off. Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. As housing demand wanes due to rising mortgage rates and high home prices, the housing market has likely started to balance out.

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A Get PDF Now. Table of Contents. How Is My Neighborhood Doing?