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Mortgage rates reach highest level since 2018

Housing Wire

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% The problem, of course, is inventory.

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Inside Zillow’s misadventures in iBuying

Housing Wire

After 25 days on the market, there were no takers for the 1,400-square-foot home and Pellegrini counseled his client about potentially lowering the listing price. Pellegrini told his client to take the offer right away. Then Zillow came along. Zillow has declined to comment on its decision beyond an Oct. More will be known Nov.

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Mortgage rates grow at fastest pace since 1994

Housing Wire

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Several LOs told HousingWire that clients had locked loans in the 5% to 5.3%

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DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. That comes with its own risks – in many cases, wildfires.

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June Newsletter-Easing Off the Pedal

DW Slater Company

Economic changes, policy changes, supply chain issues, social changes, and buying power can all impact real estate. The Fed just made the biggest rate hike since 1994 , we continue to have supply chain issues and inflation seems to be everywhere. Month’s Supply of Inventory. Median Sales Price.

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An Uncertain Future for iBuying Operations

Appraisal Buzz

The second-largest iBuying operation was an arm of Zillow – which has since shuttered its operations over claims of labor and supply chain issues. The exact cause for Zillow’s shutdown of its iBuying branch was its inability to predict local housing prices accurately while purchasing and turning over inventory at scale.

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5 Fields to Include In Your Digital Bill of Materials Form

GoForrmz

This critical document is a key component to the effectiveness of manufacturing and supply chain processes – providing a comprehensive list of materials, parts and/or components required to manufacture or repair a particular product.