Some good news amidst all of the hyperbole of late.....Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week https://t.co/54h3NNtZs6
Instant Reaction: Mortgage Rates, June 1, 2023. "The average rate on a 30-year fixed mortgage jumped to 6.79% from 6.39% in the first week of May." https://t.co/70jtOdYq5v
⚠ Cities and property owners take note!
↙ On the left: suburban Detroit's Lakeside Mall now.
↘ On the right: what they're transforming it into.
🔁 Now, rinse and repeat across the country.
.@RepMrvan @SenatorBraun @sentoddyoung Please help put more affordable family homes on the market by supporting The Neighborhood Homes Investment Act. This bipartisan bill will increase access to homeownership and revitalize communities. https://t.co/uNZnWzY46I
It’s cool to have some thoughts in Working RE magazine this month. Neutrality is so important for appraisers on so many levels. It’s the appraiser’s value proposition. Bottom line. And for colleagues, I did this interview in June. Way different market today. Ha.