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Doug Duncan and the housing market’s supply conundrum

Housing Wire

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. These households got sub-3.5%

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Impact of Pandemic on U.S. Housing Market, Federal Bill Could Tackle Racial Gap in Home Appraisals, and More Appraisal News

McKissock

housing market. With the new Fannie Mae and Freddie Mac desktop appraisal option going live this month, McKissock Learning has released an updated CE course to reflect the new guidelines. housing market. The second-home market is booming. After a week of declines, mortgage rates are back on the rise.

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How to Find Comps With Few Sales

Appraisal Today

I also have some market recap visuals to unpack what’s been happening in 2024 so far. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. Market conditions is the easiest adjustment to make.

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What Tools for Measuring Houses for Appraisals

Appraisal Today

What tool do you prefer to use when measuring a house? Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! Phone app. – not many To see the graph, click here My comments: I have always wondered about this. I was hooked the first time I used it! The 8,000+ sq. 3 bedrooms.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Read this article on how to check CO detectors. You may save someone’s life!! by Kendra Budd, Associate Editor, WorkingRE. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. CO Detector vs Smoke Alarm.

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New 2024 USPAP Q&As

Appraisal Today

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Artificial Intelligence Question: What is an appraiser’s USPAP obligations when using artificial intelligence (AI) in an appraisal assignment?