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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

New listing data collapsed, but we are putting an asterisk on that data line for this week. New listing data collapsed, but we are putting an asterisk on that data line for this week. As I write this article, I see news that even Warren Buffet has been asked to chime in on how to deal with this crisis.

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Latest housing starts data is good for mortgage rates

Housing Wire

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. Like most recessions, when demand falls, so does production.

Mortgage 507
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Residential Appraisals and Airbnb Income?

Appraisal Today

. • GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. My comments: This mainly applies to cities where many homes are being converted to Airbnbs, including exterior doors for bedrooms (see foto below) and expanding the number of bedrooms. External Obsolescence.