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Has the housing market peaked?

Housing Wire

This article is part of our housing market update series. It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam.

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Pending home sales remain at historically low levels

Housing Wire

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 Year over year, pending sales dropped 5.2%. decrease year-over-year.

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Why Appraisal Workfiles Are Important

Appraisal Today

Public record updates at its own pace. To read more, Click Here My comments: The article also discusses bias. To read more, Click Here My comments: The article also discusses bias. My office and home garage are filled up with paper files! We’ve all also heard ad nauseum that USPAP is a minimum standard. Systems fail.

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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. Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science.

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. The 10-year yield and mortgage rates. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. We had a few times in the previous cycle where the 10-year yield was below 1.60% and above 3%.

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! of home sales, down from 38.1%

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What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy.