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What’s influencing the increase in REO acquisitions?

Housing Wire

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted. The inventory that does make it to REO remains in high demand.

Inventory 402
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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% In June, the typical starter home sold for a record $243,000, up 2.1%

Buyers 370
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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 404
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How to Price Your Home for the Current Market

Eppraisal

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too.

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Think US home prices are high? At least we aren’t Canada

Housing Wire

has its high-priced metro areas, our size and diversity mean that our national home price index won’t ever be driven by just two cities. housing market is more tied to mortgage buyers. foreign buyers have always been less than 300,000 of total home sales for many years. The growth rate of home prices slows down.

Buyers 527
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How Is the Winter Market Faring to Date?

Eppraisal

The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. Long-term mortgage financing is economical. So, if the market begins to drop, there are plenty of first-time homebuyers and buyers looking to upgrade to more expensive and larger homes that will step in.

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The Rise in Interest Rates And How It Affects Buyers and Sellers

Boston Appraisal

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

Sellers 78