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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. It did not hit 6.7% The overall U.S. most likely by mid-year.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. However, not only did the U.S.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For a long time, since AI dropped out of the Appraisal Foundation, I have said, “I am a 35-year member of AI. I have been reading Cyndi Chance’s emails to members and following her activities to reach out to local chapters since she started last fall. There are 12 principal forms used for a mortgage origination appraisal.

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Non-Arms Length Sales for Appraisers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. Or hit the reply button. Not sure if you want to subscribe? Sign up for monthly auto renewal for $8.25! .

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When borrowers ‘ghost’ their servicers

Housing Wire

He is used to it by now, but the problem has only gotten worse since the beginning of the COVID-19 pandemic. Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We Most homeowners who stopped their mortgage payments have successfully arranged a graceful exit from forbearance. of the U.S.

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Apps for Appraisers

Appraisal Today

The company boasts a 99% accuracy rate as well as powerful voice editing capabilities. Or hit the reply button. You should charge close to that 80 percent fee for this limited scope appraisal (since you are doing the same level of research, development, and reporting). My comments: Rates are going up and down.

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Value of a Pool for Homes?

Appraisal Today

This week, the highest temperature will be under 70 degrees. NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. About ¼ acre lot.