With the end of the year approaching, 2023 housing market predictions abound. A big question for the coming year is whether or not home prices will finally fall. Redfin predicts that a post-pandemic sales slump will cause housing prices to sink. Realtor.com, on the…
The national homeownership rate increased to 66% in the third quarter of 2022. A new report by Fannie Mae looks at the U.S. housing shortage from a local perspective. Mortgage rates dip slightly, but continue to hover around 7%. Federal agencies announce plans to…
We know there’s tons of content out there pertaining to real estate, lending, and appraisal. As a busy appraisal professional, you may not have time to sift through it all. To help you out, we’ve curated some monthly highlights of appraisal content from around…
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…
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