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Wall Street Expects Robust 2023 New-Home Market

Empire Appraisal Group

Wall Street Expects Robust 2023 New-Home Market NEWS & MEDIA akurtz / Getty Images Source: Wall Street Expects Robust 2023 New-Home Market | Florida Realtors Wall Street Expects Robust 2023 New-Home Market By Alex Veiga The stock for many major U.S.

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How the Basel Endgame could impact the mortgage marketĀ 

Housing Wire

The consensus is that the change would primarily affect the shrinking jumbo market (loans greater than $726,200) and hurt regional banks , sources said. Initially, regulators signaled that big Wall Street banks might face a 15% to 20% average increase in overall capital requirements.

Mortgage 351
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Fedā€™s latest 25 bps hike could be its last (but maybe not)

Housing Wire

The 25 bps hike was widely expected by Wall Street, as the macroeconomic policy crafters have yet to break the labor market and inflation levels are still considered elevated at 5%, far above the 2% target. Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory.

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What servicers need to know going into 2024

Housing Wire

Our industry is now facing two new threats that are anything but normal. Over the next few years, dramatic home price appreciation and the downturn in commercial real estate have the potential to significantly increase residential real estate taxes. Letā€™s start with whatā€™s coming on the escrow front.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

In March 2023, we had an undersupply of 1.7M homes (for sale and rent combined), according to insights from John Burns Research and Consulting. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

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FEDā€™S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. We are now seeing ā€œ7sā€ in front of some rates to new mortgage consumers ā€“ a figure not seen since April 2002 ā€“ causing applications for new loans to hit a 25-year low this month. ( falls into a recession.

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SELLERSā€™ MARKET? HOW ABOUT BUILDERSā€™ MARKET?

Will Springer Realtor

While the supply of homes for sale has increased modestly since the spring, it remains well below pre-pandemic levels and the outlook offers no quick fixes for the shortage,ā€ the report issued in October said. The median price of a brand-new home is $407,700, according to October figures from the U.S.

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