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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

Congresswoman Maxine Waters has announced plans to propose federal legislation designed to reduce the racial gap in home appraisals. ” This Redfin News article provides an overview of “how drastically the housing market has changed since then.” Homes are 34% more expensive. Homes are selling twice as fast.

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What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. I see very different levels of inspectors. Before Covid, I talked with various AMC upper-level managers who were testing it. PAREA is a relatively expensive training (for the student) using videos and other training methods.

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

When COVID-19 was about to hit our economy, I forecasted that the 10-year yield recessionary yields should be in a range between -0.21%-0.62%. We got to as low as 0.32% on that Monday morning in March when the crisis was hitting the markets the hardest. Existing-home sales. million then we will be back to 2019 levels.

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Apps for Appraisers

Appraisal Today

Genius Scan makes it easy to scan, upload, and share documents using your mobile devices. This tool is excellent for making copies of tax records, floor plans, etc. Over 200 million users and thousands of small businesses are currently using Genius Scan. This often happens when I am looking for homes for these email newsletters.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Since the COVID-19 lockdown, homes have a higher “intrinsic value” to people as they spend more time in their abode (implying that many families will allocate a higher percentage of their total net worth to making their home their haven).

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

Miller Samuel

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.