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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

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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. Will home price growth slow in 2022? The last two years have been a wild ride. What if it doesn’t?).

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Home Prices Hit 45-Year High, Lenders Expect Improved Refinance Volumes, and Other Appraisal News

McKissock

Home prices are up 18% on average across the United States. There was a 9% increase in pending home sales in August—the slowest growth since June 2020. Manufactured housing is key to the Biden Administration’s initiative to boost affordable housing. ” Home prices hit 45-year high.

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2021 Twin Cities Apartment Market Trends

Simonson Real Estate

In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. Paul metropolitan area with about 80% market rate units and 20% affordable housing. We will need to see rent growth to continue to justify new construction looking ahead. Rent Growth. Rent Control.

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The End of Lender Appraisals?

Appraisal Today

The End of Home Appraisals? As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable.

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Appraiser Adjustment Tools

Appraisal Today

Opens in a new browser tab) Using home’s previous sales in appraisals (Opens in a new browser tab) Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! In addition to this, many owners give their homes a name. Very interesting.

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