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Is the housing market cooling down?

Housing Wire

From putting context around housing starts to explaining how housing data will moderate, it’s safe to say that there was a lot to cover. My biggest concern in 2021 was that home prices would take off in an unhealthy way, even after what happened in 2020. Start an HW+ Membership now for less than $1 a day. Become a member today.

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Days on market grow despite low inventory for existing homes

Housing Wire

Total inventory data started at all-time lows at the beginning of 2022, creating more bidding war action in January and February, peaking in March. The Federal Reserve wanted to see the bidding wars end and the days on the market grow. This is happening, and in the long run, this is a plus for the housing market.

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Home Price Increase: The Highest in More than 15 Years

Empire Appraisal Group

Share this article: Facebook Twitter LinkedIn Print Share. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties. The price gains have been so dramatic that home sales have started to slow as more would-be buyers are priced out of the market.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.” FHA Handbook 4000.1 The language requiring a minimum “head and shoulders” access into the attic was deleted. Revised FHA Handbook 4000.1

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

The Federal Reserve wants to hike rates to cool the economy. The forecast. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. Accordingly, my upper end range in mortgage rates is 3.375%-3.625% and the lower end range is 2.375%-2.50%. Current conditions don’t support this. The backstory.

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

I hope that you all had a nice time off over the past month. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced. Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022. So, things are cooling. Welcome to 2023!