Fri.Dec 23, 2022

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FHFA should do more to curb appraisal bias, watchdog says

Housing Wire

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. In a report issued on Wednesday, the watchdog said the regulator of Fannie Mae and Freddie Mac, which itself published a report that drew attention to racial bias claims in December 2021, should notify state regulators and licensing authorities when it finds cases of appraisal bias.

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FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers?

Appraiserblogs

The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme. Fallen crypto whiz kid Sam Bankman-Fried and his associates are a living testament to the power of political donations in American politics. It’s unclear precisely what the more than $70 million in political donations bought FTX during an 18-month period leading up to the midterms, but one can speculate the mon

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The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Rookie Reply: The 3 Signs of a Perfect Rental Property Market

BiggerPockets

What makes a great real estate market? If you’re a new investor, you might think that high rents and cheap home prices are all that matter, but you couldn’t be […].

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New home sales surprise in November

Housing Wire

New home sales, to the surprise of many, rose by 5.8% in November to a seasonally adjusted annual rate of 640,000 , according to data published by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% in November.

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Terra Firma to evaluate strategic alternatives

Mortgagebroker News

Amid persistent economic volatility, Terra Firma said that it remains committed to maximizing shareholder value and liquidity

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How will the Bank of Canada decide whether to hike rates in 2023?

Mortgagebroker News

A number of factors will play into the central bank’s thinking as next year comes into view

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The Real Estate Transaction: Part 2 - From the Eyes of the Seller

Eppraisal

Earlier this week we explored the real estate transaction from the perspective of the Buyer. We'll now dissect the entire real estate transaction from the perspective of the seller. Understanding the perspective on the other side of the bargaining table no doubt helps make for a more informed consumer. Listing and Showings After you have listed your home for sale and your listing agent has all the marketing and advertising in full swing, you will start having "showings" Be sure that

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Renovated Edmonton housing complex begins operations

Mortgagebroker News

The project saw multi-million investment tranches from CMHC and the local government

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New home sales still show a historic backlog

Housing Wire

While new home sales did beat estimates in the latest Census report , with sales just floating around near the lows of the year, we can see with the monthly supply data that the builders still have way too much backlog of homes they need to build to raise their confidence. One of the realities of COVID-19 has been the lag to build homes in a business that requires stable mortgage rates because of the traditional time to complete a home.

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What's the latest on Alberta's population trends?

Mortgagebroker News

StatCan reports strong Q3 results for the province's population

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What is a residential complex property?

Appraisal Today

How to Identify a Residential Complex Property. By: McKissock December 16, 2022. Excerpts: The property to be appraised is atypical. In this case, the property is an outlier, oddball, or not common for the particular area. Of all the characteristics that can make a property complex, physical features are the ones that are most obvious. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical.

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Rates rise and fall, but the lender's advice – know your client – remains the same

Mortgagebroker News

Community Trust reflects on being recognized for interest rates in Brokers on Lenders results

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November New Home Sales Up as Interest Rates Fall Back

Eyes on Housing

While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs, and challenging affordability conditions. Sales of newly built, single-family homes in November increased 5.8% to a 640,000 seasonally adjusted annual rate, according to newly released data by the U.S.

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Happy holidays from Canadian Mortgage Professional

Mortgagebroker News

Wishing all our readers a wonderful break

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Multifamily Construction Continues to Expand Outside Metro Core Areas

Eyes on Housing

The most recent Home Building Geography Index (HBGI) shows that multifamily home building has continued to experience strong growth since the start of the pandemic. Due to the low single-family housing inventory and elevated unaffordability of single-family housing caused by high house prices and higher mortgage rates, demand for multifamily housing has remained solid over the past year.

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How was the Montreal office market's performance recently?

Mortgagebroker News

Avison Young outlines the market's Q3 highlights