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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.

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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year. The regulator compares home prices year over year and adjusts the limit by the corresponding amount. These loans would normally end at the jumbo market , which is dominated by banks.

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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

Median home values exploded across dozens of housing markets across the country in 2021. across the nation, while some markets saw even larger increases. A 2008 law determines the conforming loan limits for Fannie Mae and Freddie Mac. Over the past six years, the baseline loan limit has risen $230,200.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

The process of finding, buying and owning a home today is disjointed, antiquated and messy. homegenius Real Estate understands the need to deliver differentiated value in a very congested market. Geniusprice, an automated and instant home value estimate driven by AI, advanced machine learning and homegeniusIQ.

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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

Syndicated columnist Lew Sichelman reported Sunday that Dmitry Shkipin of HomeOpenly.com alleged that Rocket Homes was receiving what amounted to illegal kickbacks while violating consumer protection laws, market allocation practices, and antitrust laws.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

.” Unnamed agent in recorded call with REX Not showing clients properties because they have below-market commission rates is an example of “steering,” a practice that is often alleged about buyer agents and just as often denied by broker firms and associations. ” Their findings, published online as a draft on Oct.

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