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Appraisal in Changing Markets

Appraisal Today

Now let’s keep watching to see what happens to size. Will we see smaller homes more often as first-time buyers flood the market? Will we see fewer sales at the highest prices? A quick change in interest rates has led to a quick change in the market. My comments: This article uses AEI data, graphs, and reports from June.

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

See places in people’s houses that usually require a search warrant to access. See that some people really do hang those black velveteen pictures of Elvis on their living room walls. Concessions increased over 30% in the previous quarter and the fourth quarter of 2021. The wonderful world of rats, bats, and spiders.

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[PULSE] 5 reasons mortgage rates will fall in 2021, according to Dave Stevens

Housing Wire

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Now before you respond, just read the rest as to why.

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Why Buy Commercial Real Estate? Deep Dive Into 6 Sought-After Property Types!

The Robert Weiler Company

While residential property value is primarily determined based on the going sale price of a similar property located in the same or similar community, commercial property relies most heavily on what’s known as the capitalization rate. Do your research and see what sweet deals might offset other pain points.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. So, what did they do?

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The Full Measure with Kevin Hecht: Economic Recap May 2023

McKissock

From the ongoing debt ceiling debate to employment trends, inflation concerns, fluctuating interest rates, and the state of the commercial real estate market, it is important to understand the implications of these factors on the overall economy. Tax revenue will increase slightly, but not enough to offset the expected spending surge.