Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. Government purchase applications provided a bright spot, increasing 2.4

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Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. The purchase index is still more than 20 percent behind last year’s pace, as many homebuyers remain on the sidelines until more for-sale inventory becomes available.” The average contract interest rate for 5/1 ARMs decreased to 6.76

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Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. acre lot A unique home with modern architectural features seldom seen in a suburban setting. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.53

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Appraisal Today

SEPTEMBER 1, 2023

To read more, click here My comments: For decades, George has been trying to “modernize” how appraisals are done. Purchase applications increased but were still 27 percent lower than a year ago, as elevated mortgage rates and tight housing inventory continue to weigh on home buying activity.” A Man On a Mission! percent from 7.27

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.43

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Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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Appraisal Today

OCTOBER 21, 2022

Inventory levels. It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. it has nailed what’s going on with the ongoing denigration of appraisers by Government Agencies, FNMA, HUD & so on. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.63

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Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. Inventories rose in the past month across the county (0.8

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Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. Single-family inventory stands at 2.5

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Will Springer Realtor

NOVEMBER 10, 2023

More than 2.3M, or 31%, of Washingtonians live in a community governed by a Homeowners Association. As Seattle and most of Washington face hard questions about increasing housing density, the government is often exempting communities with established association rules and bylaws. Homes at Graystone start at $419.9K, or about $669/sq.

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Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales. month from 0.6,

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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