Remove articles three-trends-to-watch-in-2023
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Solid jobs report sends mortgage rates lower

Housing Wire

That is going to be a big theme of mine for 2023 if this trend continues. This is why Friday’s data is exciting to see and why the bond market sent mortgage rates to 6.20% and yes — we are back on 5-handle mortgage rate watch. Can we have a soft landing in the economy? In fact, the Federal Reserve needs its own reset.

Mortgage 544
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

Purchase applications rose for the third straight week as rates have fallen, taking back the three weeks of negative data we saw when rates rose from 5.99% to 7.10%. In my 2023 forecast, I said that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to 5.75% to 7.25% mortgage rates.

Inventory 441
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What happens after the Fed’s rate hike?

Housing Wire

From the WSJ article: “ U.S. Now, over time, we should get back to pre-COVID-19 trends in foreclosures and bankruptcies, but as you can see, the consumer is in much better shape because the credit system is in much better condition. households still have around $1.7 Major consumer protection debt laws passed were key.

Law 513
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How to Find Comps With Few Sales

Appraisal Today

In short, it’s not enough today to go back 90-180 days because there just aren’t enough data points in so many cases… WATCH THE MEDIAN TREND The median price for the region doesn’t translate rigidly to neighborhoods, so be careful about saying stuff like, “The median is up 3% this year, so neighborhood prices are up 3%.”

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Non-Arms Length Sales for Appraisers

Appraisal Today

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. Because of their relationship, each party may not be acting in their own best interests.

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What Tools for Measuring Houses for Appraisals

Appraisal Today

Three large en-suite bedrooms and office on the main plus a large daylight lower-level flex space (guest suite/gym or media room) with ¾ bath, kitchenette and floor to ceiling glass doors leading to the pool. What tool do you prefer to use when measuring a house? Phone app. – I was hooked the first time I used it! The 8,000+ sq. 3 bedrooms.

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Fannie Files Complaint Against Appraiser

Appraisal Today

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. This approximately 900sf, 1.5 acres of wooded land.