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Why the US MLS system is the envy of other countries

Housing Wire

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. No one helps them with the negotiation process.

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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). “Homebuilder confidence suffers near-record plunge” (Newsweek).

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? built in 2000. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.24 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.01 percent from 7.13

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Where’s the bottom for new home sales?

Housing Wire

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. The builders will pull back on construction when the supply is 6.5 When rates rose back in March, there was a considerable risk to the business model with many homes under construction.

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Fannie Files Complaint Against Appraiser

Appraisal Today

Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. percent – the highest level since November 2000,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.98

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Eleven Types of Risk in Commercial Real Estate

Property Metrics

In the United States, the inflation rate has been around 2% per year since the year 2000. If corporations suddenly start allowing a large percentage of workers to engage in remote working contracts, the market demand for office space will dramatically decrease from previous forecasts. Construction Risk.

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The new home sales recession continues

Housing Wire

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. This is below the recession levels of 2000 and back to 1996 levels. This time, we have less production of homes and more multifamily construction.