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Foreclosure inventory hits 15-month low in July

Housing Wire

Foreclosure inventory hit a 15-month low in July representing the continued strength of mortgage performance. July’s foreclosure starts of 26,300 were 4% below the average number of such actions over the preceding 12 months and remain 39% below pre-pandemic levels. Prepayment was still down 28% from July 2022.

Inventory 370
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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Marketing 415
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Mortgage origination market should improve by 19% next year: MBA

Housing Wire

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. Purchase originations are forecast to increase 11% to $1.47

Mortgage 496
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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. of the entire $8.4

Buyers 383
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Price Adjustments and the 2023 Market

Lamacchia Realty

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. Just 18 months ago, rates were nice and low, around 3%. But by mid-2022, they shot up to over 6%. Here are five of the biggest change in the Texas Real Estate market. The big twist?

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Weird Real Estate Agent Photos for Appraisers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. July 25, 2022 . Let’s talk about supply and some things on my mind about today’s market. Excerpt: Finally.