Remove articles home-price-growth-continued-to-slow-in-december
article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The pandemic, as well as policymakers, continue to have the ability to send shocks through the system.

Marketing 450
article thumbnail

Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. Some of the late incoming 2022 data show significant slowing. As a result, we expect the Q4 2022 GDP print to be a temporary positive blip, and for 2023 headline growth to be negative 0.5

Insiders

Sign Up for our Newsletter

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

article thumbnail

Zillow’s outlook for 2022: Will housing affordability slow demand?

Housing Wire

This article is part of our HousingWire 2022 forecast series. Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Zillow’s answer: price growth won’t slow much, at least not nationally.

article thumbnail

Logan Mohtashami: The 2022 housing forecast

Housing Wire

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. We got there in December of 2020 so I was able to retire my America is Back recovery model. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime.

article thumbnail

Appraiser Countersues Alleged Discrimination

Appraisal Today

Plaintiffs cannot transform allegations of incompetence or a breach of appraisal industry standards into racial discrimination by baldly alleging that Mr. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race. Tate-Austin v. Connolly & Mott v.

article thumbnail

Residential Appraisals and Airbnb Income?

Appraisal Today

GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. My comments: This mainly applies to cities where many homes are being converted to Airbnbs, including exterior doors for bedrooms (see foto below) and expanding the number of bedrooms. Functional Obsolescence.

article thumbnail

Appraising Luxury Homes

Appraisal Today

Whether you’re looking to specialize in luxury home appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand. percent increase in the median sold price. percent increase in the median sold price. You may be surprised!