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Fed Wants Home Prices to Fall – It’s Not a Side Effect

Empire Appraisal Group

NEWS & MEDIA z_wei, iStock, Getty Images Source: Fed Wants Home Prices to FallIt’s Not a Side Effect | Florida Realtors Fed Wants Home Prices to FallIt’s Not a Side Effect By Meghan McCarty Carino From the Federal Reserve’s perspective, they’re starting to win the fight against inflation if home prices are going down.

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PLS market struggling to clear backlog of loans locked at last year’s rates

Housing Wire

If that sounds like a perfect storm, add yet another jolt in the form of a 0.25% increase to the Federal Reserve’s benchmark federal funds rate announc ed this week , lifting it off near zero — with some six additional rate hikes planned yet for the balance of this year, until the benchmark rate reaches nearly 2%.

Marketing 347
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Redwood Trust CEO Christopher Abate on the REIT’s appetite for jumbos, home equity

Housing Wire

” Another opportunity is in the home equity space. .” ” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. “The way the investor gets paid is that you share in the upside of the home.”

Investors 379
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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

To read more, including the full document, Click Here My comments: Read it. To read more, including the full document, Click Here My comments: Read it. Note: it can be “dense” with very long paragraphs. It is human nature. When I read it last week, I was going to put a link to it in this newsletter.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. To read it, click here. This home has gone viral on Twitter! Appraisal Assignment Waterfall. To read the full blog post, click here.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

The Fed funds rate, which banks charge one another, is the foundation for other rates such as for auto loans and credit cards. Ten months and five Fed rate hikes later, mortgages are being offered at an interest rate that is more than double from January. At what point will mortgage interest rates peak? How long can this go on?

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

Talking about the economy can be as exciting as watching the Best of the Yule Log Channel (no, that’s not really a thing … is it?). Picture the same scenario for Americans eager to enjoy the warm temperatures and be anywhere but inside the home. You can already see prices rising in Washington. Scott as a founding member. “[But]