Remove articles purchase-mortgage-rates-rise-at-a-slower-pace
article thumbnail

The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand.

article thumbnail

Here are 4 macro trends impacting the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. 2022 Forecast series.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Do you anticipate requiring ANSI on VA appraisals in the future?

article thumbnail

Housing Prices are Forecast to Decrease 20% Next Year

D Fritz Appraisals

This rise has caused rental rates to spike, increased demand for housing and has made it very difficult, if not impossible, for first-time buyers to get their foot in the door of home sweet home. Factoring into this decrease is a rise in mortgage interest rates. Still, any reduction is great news!

article thumbnail

RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

Except for crypto , the rising cost of nearly everything – gas, groceries and going to see grandma – has forced many of us to recalibrate our finances. Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. annualized for May – mortgage rates will remain high.

article thumbnail

Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. history, continues its march into prime home-buying years at a rate of more than 4.5 history, continues its march into prime home-buying years at a rate of more than 4.5