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How to Get a Land Appraisal Near Me

Maximum Exposure Real Estate

A land appraisal is a process of assessing the value of land. Like a property appraisal, a land appraiser will research the land and compare it to other similar land parcels sold in the general area. Land appraisals can […].

Land 101
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Inflation data still pointing toward rate cuts in 2024

Housing Wire

Why the Fed will cut rates in 2024 It’s a simple premise for me: the Federal Reserve over-hiked because they panicked toward the end of 2022 going into 2023. This means the Fed is still restrictive, and if they want a soft landing, they’re going to cut rates in 2024. As shown below, we have room to go lower in shelter.

Land 495
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Survey: High mortgage rates are keeping many Americans from buying a home

Housing Wire

If we can achieve a true soft landing [for the economy], which it looks like we might be able to pull off, then … rates will start to kind of slowly go down,” said John Toohig, the head of whole loan trading at Raymond James. But it’s not a slam dunk, don’t get me wrong. For the housing market, this is the bottom; we’ll get past this.

Mortgages 339
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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

” I wrote a detailed article on Friday analyzing the jobs report , and showing how the latest labor data gives the Federal Reserve a pathway to land the plane if they want. Imagine if mortgage rates stayed near 6% for a year — mortgage demand would grow and we wouldn’t need tax credits to boost demand for existing homes.

Mortgages 443
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DataDigest: Water wars in the Southwest

Housing Wire

But limiting land supply typically means home and land values shoot up. The ruling had no effect on the ability of local towns and cities to grow in the near term. Growth will continue, at least in the near- and medium term. Share your thoughts with me at james@hwmedia.com. year-over-year as of April?

Land 340
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Opinion: Real estate brokerage consolidation opportunities abound

Housing Wire

Not immune to downturns Now don’t get me wrong, these growth-minded firms I’m referring to are not immune to downturns. Whether tomorrow, six months from now, or two years from now, we expect a large contingent of these smaller firms will be looking for a good place to land. Like nearly all firms, their revenues are down.

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No Fed pivot in sight as Powell addresses rate cuts on 60 Minutes

Housing Wire

However, for me it’s always been about the labor market and jobless claims data, and that data line hasn’t broken enough for the Fed to be more aggressive. The Fed believed that policy was too restrictive when the 10-year was near 5% and we had 8% mortgage rates , but they seem fine with mortgage rates between 6%-7.25% right now.

Mortgages 496