November 15, 2024 4:56 am
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Appraisal volume shows true impact of Brexit

BreixitSurge in mortgage apps misleading

HousingWire

Right after the news came out that the United Kingdom voted to leave the European Union, interest rates plummeted and mortgage applications surged, but appraisal volume, not so much.

The latest National Appraisal Volume Index from a la mode shows how volume performed over the last four weeks, which includes all of the time that’s passed since Brexit.

In the most recent report for the week of July 24, appraisal volume posted a .08% decline. And only one of the weeks posted any surge at all.

Continued:

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