Remove 2002 Remove Loan Officers Remove Real Estate Agent
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The 2022 housing market: A tale of two halves

Housing Wire

The 2002 housing market has been a tale of two halves,” said Green. As they (existing clients) went to do business in these new states, we figured out where the real estate agents are, and who the players are, where the markets they’re buying and did some research and started making phone calls,” he said in an interview with HousingWire.

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The Similarities Between 2007 and Today

Appraisal Buzz

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Some appraisers are reticent to address increasing trends now.

Appraisal 418
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ChatGPT for Appraisers

Appraisal Today

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. Rates increased for all loan types in our survey, with the 30-year fixed mortgage rate increasing to 7.09 percent, the highest rate since 2002. This means there aren’t as many data points to understand value.