Tue.Dec 13, 2022

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Inflation slows to 7.1% in November, a boost for the housing market

Housing Wire

Inflation slowed more rapidly than expected in November, increasing the likelihood of the Federal Reserve slowing down the pace of interest rate hikes. It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. The Consumer Price Index rose 0.1% in November from October and 7.1% year over year, according to the Bureau of Labor Statistics.

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Inflation Continues to Cool in November

Eyes on Housing

Consumer prices in November saw the smallest year-over-year gain since December 2021.While still elevated, inflation experienced the second month below an 8% annual growth rate since February 2022. However, the shelter index continued to rise at an accelerated pace and was more than offsetting decreases in energy indexes. Shelter inflation will primarily be cooled in the future via additional housing.

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How LOs and brokers should approach 2023

Housing Wire

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. HousingWire sat down with Mike Fawaz, senior vice president at Rocket Pro TPO, as he discussed how mortgage professionals should approach the upcoming year.

Clients 393
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Responding To the 5 Most Popular Questions From Agents

The Appraiser Coach

Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.

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Novato Home Values (Housing Market Trends and Charts)

Realvals

The Novato, California housing market is accurately depicted in the following charts. The data is sourced directly from the local MLS (BAREIS MLS), providing a comprehensive view of the real estate trends in the market. These charts are updated on a monthly basis, and each includes a full year of data. * Bookmark this page if you want to keep up with the trends in the Novato housing market. *. “If you own a house in Novato or are considering purchasing one, this resource may help you gain

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Marjorie McCue Qualifies for the 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Marjorie McCue has officially qualified for the 2022 President’s Club by surpassing $16,000,000 in sales volume and closing on 33 transactions this year. This is Marjorie’s first time reaching this impressive milestone and we couldn’t be happier for her! Marjorie has been helping her clients buy and sell for years, providing excellent and reliable service.

Realty 73

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You Can Predict Economic Cycles On Skyscrapers—Here’s Why That Matters Right Now

BiggerPockets

Here are some weird but important facts. My friend and marketing expert, Perry Marshall, pointed this out: What do these buildings share in common? They’ve all been the world’s tallest […].

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Why are reverse mortgages still relevant today?

Mortgagebroker News

"Homeowners over the age of 55… should consider all factors when contemplating how to fund their retirement spending"

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The Short-Term Rental Cheat Code for More Bookings and Fewer Fees in 2023

BiggerPockets

Building a short-term rental business is surprisingly simple. You buy a property, furnish it, then throw up some pictures of it onto booking sites like Airbnb and VRBO. After a […].

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Cooler inflation data sends mortgage rates lower

Housing Wire

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.

Mortgage 536
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Community Trust exec on what alternative lending needs to embody

Mortgagebroker News

"Alternative lending in many ways is storybook lending, where the story really matters"

Lending 69
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40 Best Places for Buying Investment Property in 2023

Mashvisor

Another year is coming to an end and a lot of real estate investors are wondering what are the best places for buying investment property in 2023.

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How heavy is Canada's current household debt load?

Mortgagebroker News

StatCan reveals the latest in Canada's household debt-to-income ratio

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Existing home sales will drop to 4.78 million in 2023, NAR predicts

Housing Wire

The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% from the 5.13 million existing home sales expected to close in 2022. Lawrence Yun, the trade organization’s chief economist, announced this prediction on Tuesday during NAR’s fourth annual year-end Real Estate Forecast Summit. The 5.13 million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014.

Realtors 404
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What is the Bank of Canada's delicate balancing act?

Mortgagebroker News

Governor highlights the central bank's current challenges

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% or lower – as low as 2.77%, according to Freddie Mac. Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies.

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How will digitization impact Canada's mortgage industry next year?

Mortgagebroker News

"It's going to be about removing the friction from the consumer experience"

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GoFormz Earns 26 Awards and Remains #1 in Mobile Forms Automation on G2

GoForrmz

GoFormz dominates a competitive market in the Mobile Forms Automation Category – from Best Support to Easiest to Use Here at GoFormz, we are honored to have won 26 awards in G2’s Winter 2023 reports and remain the sole leading provider of mobile forms automation solutions for the second straight quarter. G2 continues to be the world’s dominating peer-to-peer review platform which buyers, investors, analysts, and business professionals utilize to compare and select the best software solutions bas

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8Twelve announces consumer-aid agreement

Mortgagebroker News

Proprietary platform to offer one-stop financing solution

Finance 69