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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

In a tight housing market with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Since rural markets commonly present appraisal challenges that are significantly less prevalent in urban markets, lack of underwriter familiarity with rural markets contributes to elevated first pass and overall appraisal denials. I refer to this approach as high-level bracketing. By extension, 80.7% Underwriting Training.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Since rural markets commonly present appraisal challenges that are significantly less prevalent in urban markets, lack of underwriter familiarity with rural markets contributes to elevated first pass and overall appraisal denials. I refer to this approach as high-level bracketing. By extension, 80.7% Underwriting Training.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Remember: real estate is hyper-local! Household Finances – The Best (Ever).

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The art (and the importance) of pricing your home to sell

Cornerstone

The goal of pricing your home to sell is to enhance visibility and attract more buyers. Rather than getting locked into a negotiation with a single homebuyer, you can price your home to maximize demand so that more buyers are looking. It may actually repel potential buyers. Ready to sell? Work with a skilled real estate agent.

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March 2022 South Florida Housing Report

Lamacchia Realty

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for March 2022 compared to March 2021. South Florida Inventory. See the red line in the chart above.