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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. What if it doesn’t?).

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Homebuilders are primed for an even better 2024

Housing Wire

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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How to select appraisal comps

Appraisal Today

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+

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Housing starts reach nine-month high in December

Housing Wire

After posting a double digit gain in November , housing starts were up yet again in December, rising 1.4% Department of Housing and Urban Development and the U.S. This is the highest level housing starts have reached in the past nine months. Construction of single-family homes dropped 2.3% Census Bureau.

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Appraisals – Check the Water Source!

Appraisal Today

It did not even though many lots nearby were developed. Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. Nearby, I noticed a large water tank. It was shared by four nearby homes.

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White House announces action plans for racial equity, but leaves out GSEs

Housing Wire

” Instead, the White House equity plan for housing centered on the Department of Housing and Urban Development , which oversees the Federal Housing Administration and enforces the nation’s fair housing laws. Those three agencies pledged last year to take on “digital redlining.”

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