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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. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% The event is exclusively for HW+ members , and you can go here to register.

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What do economic trends mean for housing in 2023?

Housing Wire

This article is part of our ongoing 2023 Housing Market Forecast series. As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. The Federal Reserve ’s ongoing war against inflation remains a source of uncertainty for interest rates and for broader financial markets.

Inventory 384
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows.

Inventory 491
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2024 USPAP Changes Clarify Nondiscrimination

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. How do the USPAP revisions to the Nondiscrimination section affect appraisers? USPAP 2024 is effective January 1, 2024.

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VA Update for Appraisers

Appraisal Today

I wrote a long article about VA in the past, available to paid subscribers. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, mortgage forecast, Halloween haunted homes, unusual homes, mortgage origination stats, etc. VA Update for Appraisers. Interview with VA’s Chief Appraiser.

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2024 USPAP For Appraisers

Appraisal Today

This year, for the first time, you can purchase just the book of USPAP standards for $35. I’ve been waiting for a very long time for longer than 2 years between effective dates. Over time, I quit following the updates as there were few significant changes. This covers all Definitions, Rules, and Standards.

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Housing Market Tracker: Mortgage rates over 7%

Housing Wire

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023.