After two full years, the COVID-19 pandemic has done a number on the U.S. housing market. Congresswoman Maxine Waters has announced plans to propose federal legislation designed to reduce the racial gap in home appraisals. After a week of declines, mortgage rates are back…
The share of new construction homes on the market rises to a record high. The value of the housing market as a whole has doubled since the early 2010s. Home price appreciation continues to climb. One of the largest AMCs in America continues its…
As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Realtor.com forecasts a mixed bag of opportunities for homebuyers in…
As a property appraiser, an important part of your job is keeping up with the latest industry updates and the state of the real estate market. But where do you turn for this information? What are some good go-to news sources for appraisers? To…
Residential real estate prices continue to increase. Government refinance applications fell for the sixth week in a row. HUD answers questions about its new inter-agency appraisal bias task force. JPMorgan Chase has donated $3 million to the Appraiser Diversity Initiative. The self-paced online version…
Home prices are up 18% on average across the United States. Mortgage lenders anticipate increased refinance volumes, but they’re more cautious when it comes to purchase demand. There was a 9% increase in pending home sales in August—the slowest growth since June 2020. Manufactured…
Homebuying demand begins to ease up a bit, with 5% of home sellers dropping their price in recent weeks. Builder confidence sinks to a 13-month low. The FHFA proposes housing goals for the GSEs to boost minority homeownership. Appraisers are urged to pay attention…
The Chairwoman of the House Financial Services Committee asks agencies to prolong pandemic homeowner protections. Pandemic-driven migration drives up home prices in popular cities. New home sales fall to the lowest pace in a year. Despite low rates, only 22% of homeowners refinanced their…
March was the hottest month for housing since at least 2012. With home-sale prices hitting a record high, the appraisal gap has created friction among agents, lenders, and appraisers. Appraisal waivers have exploded during the COVID-19 pandemic. The President of The Appraisal Foundation discusses…
FHFA extends relaxed lending and appraisal standards to the end of April. A record-breaking 36% of homes sold above list price in February, due to historic homebuyer competition. Housing is expected to remain resilient despite low inventory, with accelerated U.S. economic growth predicted this…
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