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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference.

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Fed’s Beige Book offers grim news for housing industry

Housing Wire

A recent market report by digital mortgage exchange and loan aggregator MAXEX notes that the ongoing economic volatility “has had a profound effect on the housing industry.”. Richmond — Residential real estate market activity declined moderately this period. Refinance applications are 83% lower than last year.”.

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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

KC: Many lenders’ loan origination systems are really just providing a document repository and maybe some screens. Most lenders’ loan origination systems are not designed to do that, for collateral especially. CubiCasa provides better data, shortening the days on market for the property. SW: What keeps you up at night?

Loans 412
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

This is especially effective if you’re newly licensed, just moved to a new area, or simply as an introduction if you’ve haven’t previously told your neighbors that you’re in the real estate industry. You’ll want to include the list price, sale price, and days on market. YouTube Instagram Facebook

Brokerage 342
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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more. Make a video that chronicles what a typical work day looks like for you.

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What’s Happening to Your Home Equity in a Cooling Housing Market?

HomeLight

In other words, it’s the amount of your home’s value minus any loans, mortgages, or other liens that are attached to your home. Equity can come from paying down your mortgage loan, gains from home appreciation, or adding upgrades that increase the value of your property. Additional liens or property loans you still need to pay.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. Traditionally, the number of days on market is low.