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Here’s why we won’t see a housing crisis after COVID-19

Housing Wire

Vaccine development is progressing with some promising early results. I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. What can we expect post COVID-19?

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Trade groups express concern to FHFA over historic credit data

Housing Wire

“Many industry participants have raised concerns about this, given that the data was generated during a time when the housing market was appreciating, and unemployment was declining to historic lows.

Legal 335
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. The housing market story is about where the 10-year yield is going.

Inventory 418
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eXp Olympian Chad Hedrick on the power of a real estate team

Housing Wire

Hedrick and his team provide the best possible service to the luxury real estate market in Houston, Texas. He founded the Gold to Sold Group in 2017, and the organization now represents the “gold standard” in the Houston housing market. That journey started in 2003. About one year later, I became the world champion.

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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years.

Buyers 368
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More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

increase in total labor productivity in the US from 2003 through 2022, largely through business process improvement and automation. In 2003, the typical underwriter achieved 115 closed loans per month. RP: My business partners have developed “TopTiering by Teraverde.” For example, the Federal Reserve Bank of St.

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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. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). It was and is controversial.