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Housing Market Tracker: Inventory is negative YOY

Housing Wire

To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.

Inventory 458
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What’s next after a historic housing boom?

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

This public acknowledgement of an obligation to counter the flawed “appraiser bias” narrative is an encouraging first step. For a long time, since AI dropped out of the Appraisal Foundation, I have said, “I am a 35-year member of AI. Industry groups should also step up to support appraisers. bath, 5,258 sq.ft.

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How to Find Comps With Few Sales

Appraisal Today

The challenge of pulling comps in 2024 By Ryan Lundquist February 14, 2024 Excerpts: Pulling comps in 2024 is tough. GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. This is my first choice for any unusual homes without current data in any market.

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

” I use the phrase sometimes ;> It’s one of the few times appraisers are in movies or TV series! During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. This article goes way beyond racial bias, which is in the news.

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What Appraisers Wish Real Estate Agents Understood

Appraisal Today

I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes. To read more of this long blog post with many topics, click Read More Below!! Twitter: @ appraisaltoday.com (same time delivery) [link] – all recent newsletters 2.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

I've since added more information and insights as the situation unfolds. The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. Manhattan is about 75% rental by unit and New York City is about 2/3 rental by unit. I'm sorry about the length of this piece but please read on.