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Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot.

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DataDigest: Goldilocks and the big IMBs

Housing Wire

That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024. This should contribute to the biggest IMB lenders gobbling up additional market share, even if no single lender is at 10%.

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

The transformation is required at the end of 2026 with testing beginning late 2025. A few other types of non-lender appraisals: • Assessment Appeals – Marketing, Reassessment Opportunities, Fees, Critical dates, etc. Very easy marketing – letters or post cards. Don’t market to attorneys. Meet in person.

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

The spring housing market will include a trio of indicators – all rising. “If rates rise above 5% you will price buyers out of the market,” Devyn Bachman, vice president of research at John Burns Real Estate Consulting, told Fortune. In a study of 48 metro markets, Tucson, Ariz., THE IMPACT OF SURGING RATES.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. The Seattle condo market is at an interesting crossroads. JUNE HOUSING UPDATE. CONDO NEWS.

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