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How top LOs plan to beat the odds in 2023

Housing Wire

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

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Atlas, DivcoWest prepare $1B single-family rental venture

Housing Wire

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. for the last two months, according to the National Association of Realtors.

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7 Problems to Watch Out for During a Home Renovation

Eppraisal

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

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With low inventory, house hunters are in full safari mode

Housing Wire

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” million more housing units to meet existing demand. “The

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How LOs are dealing with a mortgage rate lockdown

Housing Wire

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I And it’s going to get worse.

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What’s Happening With the Nation’s Housing Inventory?

McKissock

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns.

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Top NJ LO Chris Gallo is getting back to basics in 2023

Housing Wire

While he hopes the housing market may find some consistency again after a volatile year, Gallo forecasts his origination volume this year to be similar to what it was in 2022. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

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