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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

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SingleSource’s new app to support to Fannie Mae’s Value Acceptance + Property Data program

Housing Wire

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

Valuation 293
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Gary Keller: Good agents will still thrive in a stormy market

Housing Wire

Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It In modern times I think that number is more around 4 million, so I don’t think we have anything shocking in the real estate space.” million, the fifth highest year on record, he said.

Agents 349
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Like it or not, desktop appraisals are here to stay

Housing Wire

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said. But any risks appear to have been resolved.

Appraisal 364
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What’s next after a historic housing boom?

Housing Wire

“We just went through one of the biggest housing booms in modern history,” said Jonathan Miller, a real estate appraiser at Miller Samuel who also produces housing market reports for Douglas Elliman. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. on pace for 6.29

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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

Housing Wire

The latest forecast also projects total mortgage origination activity at $1.6 The mortgage market is projected to slip further to $1.3 The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”. million in 2023.

Contracts 414