Remove articles mortgage-rates-drop-below-3-again
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. As you can see in the chart below, 2023 inventory growth is very slow compared to 2022.

Inventory 458
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HW+ Member Spotlight: Chris Mozilo of Newrez

Housing Wire

Below, Mozilo answers questions about the housing industry: HW Media: What is your current, favorite HW+ article and why? Chris Mozilo: While I’ve spent most of my 30-year career working at large firms, the most I ever learned in the mortgage business was the five years I worked at a small independent mortgage banker.

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What’s next after a historic housing boom?

Housing Wire

This article is part of our HousingWire 2022 forecast series. But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” But home sales or real estate prices dropping may not be in the cards. Rising interest rates. Seasonal ebbs and flows.

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Non-Arms Length Sales for Appraisers

Appraisal Today

By knowing the type of sale, you are better able to reconcile a current opinion of market value that falls above or below a current or recent transaction for the subject property. To read more, Click Here My comments: We all see comps that seem to sell below market. This post’s information can be very helpful in explaining why.

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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. To read more, Click Here My comments: Read the full article! This article uses surfing as an excellent illustration.

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How to Find Comps With Few Sales

Appraisal Today

In short, it’s not enough today to go back 90-180 days because there just aren’t enough data points in so many cases… WATCH THE MEDIAN TREND The median price for the region doesn’t translate rigidly to neighborhoods, so be careful about saying stuff like, “The median is up 3% this year, so neighborhood prices are up 3%.”

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. Built in 1970.