Purchase volume will increase 9% to reach $1.73 trillion in 2022 due in part to home builders bringing more inventory online, while refinance volume will plummet 62% to $860 billion due to rising mortgage rates, the Mortgage Bankers Association (MBA) forecasts.
As a result, total origination volume will reach $2.59 trillion in 2022 – a 33% decline from this year.
The anticipated 9% increase in purchase volume would help offset a 14% decrease in
I recall receiving MLS books once a month and being thrilled that a whole new population of sales were available to be considered within the
Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as
Let’s get real for a moment. When that email from an AMC hits your inbox, asking for your best fee and quickest turnaround, do you
