Fri.Apr 26, 2024

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Key housing markets are starting to buck national trends: Redfin

Housing Wire

In Texas and Florida , however, key market signals show diverging trends. Major markets such as Tampa, Orlando and Dallas also posted supply growth of 20% to 30% during this period. My advice to sellers is to price your home fairly,” Chen Zhao, economic research lead at Redfin, said in a statement.

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HUD walks back some proposed changes to HECM for Purchase program

Housing Wire

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. These credits can lead to fair lending violations.

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Homebuyer Affordability Declined in March as Rates, Home Prices Increased

Appraisal Buzz

“Homebuyer affordability conditions remain volatile as recent economic data continues to show that the economy and job market are strong,” says Edward Seiler, associate vice president, housing economics, for the MBA and executive director, Research Institute for Housing America, in a release.

Sellers 195
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HomeServices settles commission lawsuits for $250M

Housing Wire

“This resolution allows us to concentrate on our primary goal: delivering unparalleled value in the real estate market and serving home buyers and sellers with the highest standards of service.”

Brokerage 462
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Non-Arms Length Sales for Appraisers

Appraisal Today

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Home sellers saw their profits shrink in the first quarter: Attom

Housing Wire

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. Investment returns for sellers fell for the second straight quarter. We saw a similar downward pattern from late 2022 into early 2023, and then the market surged. Home Sales Report.

Sellers 427