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Mortgage rates fall after softer labor data

Housing Wire

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. From BLS : Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 As you can see in the chart below, the job growth rate is slowing, as it should.

Mortgage 350
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Local Housing Markets: Austin, Hartford and Lake Tahoe

Housing Wire

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It This popularity has resulted in constrained inventory.

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10 best real estate software solutions for agents in 2024

Housing Wire

With home prices expected to hold steady and even grow in many markets, real estate agents face a unique market shaped by shifting demographics, evolving buyer expectations and lingering economic uncertainties. Amidst this backdrop, the role of real estate software is now perhaps more crucial than ever.

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Appraiser Pressure – What To Do?

Appraisal Today

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. Excerpts: There’s no simple and easy way to deal with appraisal pressure. For 8 more reasons , click here. A Very controversial topic!