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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Realtors 377
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The Appraisal World is changing, as is UAD and the URAR

McKissock

The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time. Despite the UAD being introduced in 2010, the mortgage appraisal forms have largely remained unchanged, and several property types were not part of the UAD. What exactly does this mean?

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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.56

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Once you have finalized your Columbus, Ohio property search with a property you’re interested in, there are key areas to inspect; look for damp spots and mold, and check out the woodwork, roofing, ceilings, doors, windows, cupboards, electric, plumbing, and heating. billion of new commercial real estate construction contracts in 2021.

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7 best real estate schools in Massachusetts for 2024

Housing Wire

Exam Prep: The Basic Prelicensing package features three e-books and a course manual designed to help you retain essential real estate concepts and prepare for the state exam. And Exam Prep Plus includes 40 hours a month of Live Q&A with local instructors for a personal, guided approach. out of 5 stars Rating: 4.5

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Yes, pockets of King County may experience new home listings lasting for weeks rather than days, fewer offers on homes, bids at or even below the asking price and more of them with contingencies for home inspections and other conditions. Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55).

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.