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Wage growth downtrend kills 1970s inflation fear

Housing Wire

Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. percent, the U.S.

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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. This will be important to think about going into 2023, especially if the labor market does what the Federal Reserve wants it to do, which is slow down enough to create a job loss recession.

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Apps for Appraisers

Appraisal Today

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Over 200 million users and thousands of small businesses are currently using Genius Scan. Review USPAP Standards rule 1-4, which requires us to gather, verify and analyze ALL information necessary to produce credible assignment results.

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How to Find Comps With Few Sales

Appraisal Today

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. Think about it this way. Let’s talk about this. Look to the comps most of all.

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Appraisers Riding the Waves of Up and Down Mortgage Rates 

Appraisal Today

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Those same appraisers have gone through droughts, where appraisal orders dried up. Look at this lull as a time of opportunity.

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Appraising Historical Homes

Appraisal Today

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Worth reading. A good summary. I suspect that a company based in Boston, MA sees lots of historic homes!

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SFR with ADU or Two Units?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Another tricky HBU issue in California!