Remove articles fhfa-house-price-index-hits-an-all-time-high
article thumbnail

FHFA House Price Index hits an all-time high

Housing Wire

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. are still near all-time lows and the demand has stabilized. From FHFA : U.S.

Inventory 459
article thumbnail

Housing Market Tracker: Mortgage rates over 7%

Housing Wire

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory , thankfully, saw some decent growth last week. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The document also mentions many times the words “material deficiencies” in the appraisal report, which can trigger an ROV request.

article thumbnail

Freddie Advice: How to Avoid Using “Bad” Words

Appraisal Today

To read more, click here My comments: Read this article! More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Stick to the facts.

article thumbnail

Appraiser Liability Risks

Appraisal Today

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

article thumbnail

What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

What if you could not use the URAR form at all, but still had to produce an appraisal report that could stand up in court? Now is the time to increase your appraisal skill level. The result is a general panic amongst appraisers—especially those appraisers who are getting nearly no work at all. Beginner, Intermediate, or Pro?