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Lower mortgage rates are stabilizing the housing market

Housing Wire

This time the hit on demand is much more challenging as we are working from a savagely unhealthy rise in home prices since 2000, and mortgage rates have skyrocketed in the most prominent fashion in modern history. Also, I believed the risk to the housing market was if home prices grew more than 23% over the five years of 2020-2024.

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Why housing inventory is so low right now

Housing Wire

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. We had a few years where sales missed expectations in 2013, 2014, and 2015. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

Inventory 514
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FHFA releases VantageScore historic data to prepare for new credit reporting requirements

Housing Wire

Despite concerns from housing and mortgage industry trade groups, the Federal Housing Finance Agency (FHFA) on Thursday announced the release of VantageScore 4.0 The datasets released Wednesday are tied to single-family mortgages purchased by Fannie Mae and Freddie Mac from April 2013 through March 2023.

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Why housing inventory is so low right now

Housing Wire

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. We had a few years where sales missed expectations in 2013, 2014, and 2015. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

Inventory 435
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How Tech is Working on the Solution to the Appraiser Shortage 

Appraisal Buzz

According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. With the current red hot housing market, demand for appraisers is outstripping the reduced supply, which is pushing up fees and pushing out appraisal completion times. AMCs Driving Tech Innovation .

Appraisal 448
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Solving the Affordable Housing Crisis

Appraisal Buzz

Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on. A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia.

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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

In modern times, membership hit a low point of 963,478 in February 2013 and climbed to a high of 1.60 Overall, while NAR membership is in decline, it is still quite high by historic standards and above what many observers expected when membership dues were required by Jan. million in October 2022 before gradually declining.

Realtors 445