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The worst for mortgages may be over, but younger borrowers still face affordability challenges

Housing Wire

In response, borrowers in younger age brackets lost traction in Q4 2023, edged out of the market by lack of affordability,” the report stated. “If The average monthly income of homebuyers jumped nearly 30% over the past three years, with December 2023 marking a record-high of $12,100.

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The Loan Officer’s Guide to Appraisals Part 5:  What is bracketing and why do we do it?

Riverfront Appraisals

The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it? So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. So if this is […]. appeared first on Riverfront Appraisals.

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HMDA: The top 10 FHA lenders by volume in 2021

Housing Wire

Millennials made up 57% of applicants for FHA loans in 2021, with borrowers in the age bracket of 25 to 34 making up 28.1% Applicants in the 55 to 64 age bracket made up a mere 10.1%, HMDAVision shows. loanDepot had an average interest rate of 3.23% for FHA loans and Nationstar Mortgage had average interest rates of 3.22%.

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Don’t fret, iPhone photographers, SnapSnapSnap will prove ’em wrong: Tech Review

Inman

BoxBrownie's SnapSnapSnap mobile app takes automated bracketing to the next level to produce the highest quality possible listing photos with an iPhone.

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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

This insight highlights the importance of using the bracketing method and including both larger and smaller comparables in the pricing process. If you have any questions regarding pricing, including the bracketing method, feel free to contact me. Related posts: What is bracketing and why should Realtors do it?

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As title insurance volume shrinks, workers take on more tasks

Housing Wire

However, 67% of respondents are over the age of 45, with the largest age brackets being 45-54 and 55-64 at 28% each. The second largest age bracket was 35-44 at 19%. According to the report, 76% of respondents are female, while only 21% are male.

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Low-income owners’ home values have increased by 75% since 2012

Housing Wire

Middle-income homeowners in Ogden recorded the largest wealth gain among all metros for their income bracket, gaining $220,000 in wealth from 2012 to 2022. For middle-income households across racial and ethnic groups, Barnstable Town had the highest homeownership rate at 86%, followed by Ogden, Utah (85%) and Port St. Lucia, Florida (83%).