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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. from June 2021, when 297,600 workers were employed at mortgage banking firms. higher than its pre-pandemic level.

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An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Armando Falcon

Housing Wire

The first is the overall business transformation that’s taking place in the mortgage industry. Home prices have never been higher, pent-up demand stronger and housing inventory tighter. We’re seeing new energy and new initiatives in this area at many mortgage and housing agencies. Because I am.

Lending 356
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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. The report noted that “most bankers reported that residential mortgage demand remained weak.” In other markets, inventory growth accelerated substantially from the previous report.

Inventory 408
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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. 2020 ended favoring sellers.

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How Real Estate Appraisers look at Market Analysis

Valuation Nation

Even with the higher rates the shortage of inventory has not allowed prices to start tapering down, yet. Inventory levels. REO and Short Sale Inventory. Where is larger MSAs with public transportation and many live-and-work communities that exist, automobiles are not a requirement in every market. Long term rentals.

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Why Buy Commercial Real Estate? Deep Dive Into 6 Sought-After Property Types!

The Robert Weiler Company

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease.