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5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The CoreLogic Home Price Index Forecast has the annual average rise in the national index slowing from 15% in 2021 to 8% in 2022. 2022 should be a strong year for housing.

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FHFA prevention actions surpassed 52K in Q4 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022.

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Title revenue declines by 19% in 2022

Housing Wire

Title industry revenue dropped 19% year over year in 2022, according to data released Thursday by Fitch Ratings. According to the Fitch report, the decline in revenue was driven by economic headwinds in the latter half of the year, as mortgage rates doubled between early 2022 and fall of 2022.

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New Home Construction Expectations for 2022

Appraisal Buzz

What is on the horizon in 2022? Things may be taking a turn for the better in 2022, though. Many buyers hope the housing market will cool down in 2022, and while experts don’t think it will be as competitive, this is unlikely to be a dramatic shift — at least not one that turns the market away from being seller-friendly.

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The 2022 housing market: A tale of two halves

Housing Wire

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? With homes taking longer to sell, due in part to higher mortgage rates, buyers in 2022 had negotiating power to get concessions or credits to lower rates down for a limited period. over asking price.

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Mortgage volumes collapse for Wells Fargo, JPMorgan in Q4 2022

Housing Wire

Like its nonbank competitors, Wells Fargo , JPMorgan Chase and Bank of America operated in a highly challenging mortgage market in 2022. Refinancings fell to 13% of the portfolio in Q4 2022, compared to 59% in Q4 2021. billion in Q4 2022, a decline of 45% compared to the prior quarter and an 84% drop from Q4 2021.

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Title insurance premium volume drops by 38% in Q4 2022

Housing Wire

The rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry in 2022. million in claims in 2022, up from the $474.4 The five states with the largest title premium volumes in 2022 were Texas ($3.39 in Q3 2022. in 2022.

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