Remove 2023 Remove Contracts Remove Home Value Remove Housing Market
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Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

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Home price growth slowed further in October

Housing Wire

(The Case-Shiller home price indices for October is a three-month average of closing prices in August, September and October. Because most home sales take several months from contract to closing, the data likely includes some deals struck in June and July.). to a reading of 315.13.

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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New listings surge as the spring buying season approaches

Housing Wire

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Despite an influx of new listings, the market remains competitive for attractive, well-priced properties. Such homes went under contract typically after 17 days on the market. That’s up 4.2%

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Appraiser Liability Risks

Appraisal Today

I’m always looking for something new ;> If you are a paid subscriber and did not get the June 2023 issue emailed on Thursday, June 1, please email info@appraisaltoday.com , and we will send it to you!! A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

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The End of Lender Appraisals?

Appraisal Today

The attack on the protected speech of independent appraisers erodes their ability to describe how the properties they appraise relate to the preferences of market participants. Uncover current economic trends and insights—written from an appraiser’s standpoint—in this mid-year analysis for 2023. Take charge of your business.