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Lower mortgage rates are stabilizing the housing market

Housing Wire

Now, with five weeks of data in front of us, we can say they have stabilized the market. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008.

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Gary Keller: Good agents will still thrive in a stormy market

Housing Wire

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Our goal is for you to always be the economist of choice in your local market,” Keller said.

Agents 352
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What’s next after a historic housing boom?

Housing Wire

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. What we’re starting to see is more of a cooling or a plateauing than a market correction.”. The frenetic pace of the market has eased,” Miller said. on pace for 6.29

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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event. million today.

Sellers 504
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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

“The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes.

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Home sales are going to nosedive in 2023, Fannie Mae says

Housing Wire

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The mortgage market is projected to slip further to $1.3 How should the current market impact lenders’ tech adoption? from a year ago. . Presented by: Polly.

Contracts 421
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Appraisals – Check the Water Source!

Appraisal Today

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. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. When will it affect your market?