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Rising home prices take a toll on pending home sales

Housing Wire

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% How the mortgage industry is working together to make housing more affordable. Pending home sales looks specifically at contracts that have been signed but where the transaction has not closed on sales of already existing inventory.

Realtors 534
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Appraisals – Check the Water Source!

Appraisal Today

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. After graduation he worked for USAA in Real Estate Development.

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The nation’s housing market is on a correction course

Housing Wire

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. The Beige Book.

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The evolution of the more productive real estate agent 

Housing Wire

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. The agents who spoke with RealTrends all viewed any time spent developing leads and cultivating relationships that will help them grow their client base as productive. Brokerages Invest in Tech.

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Housing starts are rising, despite cost to buyers

Housing Wire

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. ” However, the U.S. In Fresno, California, just 2.4%

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Are new home sales flagging a recession?

Housing Wire

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. Census Bureau and the Department of Housing and Urban Development. The only time this has happened was the 2006-2011 period. The new home sales sector is much different — it’s a contract to purchase a home that isn’t built yet.