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The financing giant is launching an automated way for lenders to assess a prospective borrowers’ income paid through direct deposits.
“The good news is that home prices should begin to normalize later in 2022 as more homes come on the market,” says NAR’s chief economist.
Investors and move-up buyers will keep home sales humming, but inflation and other issues could be hurdles.
The potential loss of homebuying power may “supercharge the housing market ahead of the spring homebuying season.”
Rising mortgage rates are quickly shrinking the number of homeowners who could save on their mortgage payments.
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