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

Housing Wire

million, according to the National Association of Realtors. HousingWire recently sat down with Polly CEO Adam Carmel to discuss how lenders can break old habits and redefine the mortgage process through innovation and modern, advanced technology. “Due Still, this was a further decline from July, and sales were down 19.9%

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What’s next after a historic housing boom?

Housing Wire

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. 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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How lenders can continue to serve borrowers despite housing affordability challenges

Housing Wire

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. HousingWire: What are the current challenges when it comes to affordable housing? in October was $353,900, up 13.1%

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Like it or not, desktop appraisals are here to stay

Housing Wire

A Fannie Mae spokesperson said that appraisal modernization and digitization, and specifically the launch of desktop appraisals, can offer different career opportunities for a new generation of appraisers. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). >> The National Association of Realtors’® top economist forecast 2021 will end the year with 6.1

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5% It’s how modern suburban living should be – the blending of residential and commercial areas – for people looking for everything within walking distance. It’s modernism in Medina! of all home sales last year.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

This was the fastest pace for combined single-family and multi-family construction since June 2006. They have declined for two consecutive months, according to the National Association of Realtors®. But, in speaking to a political-affairs lobbyist for Washington Realtors®, the bill became “watered down.” existing home sales.