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Pending home sales fall 38% in November

Housing Wire

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

Contracts 497
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Some mortgage companies expanding despite challenges

Housing Wire

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001.

Mortgage 383
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ChatGPT for Appraisers

Appraisal Today

High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Dear Sellers, the housing market misses you It’s tough to value properties today! garage as well. percent from 6.93

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36
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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Get PDF Now.

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How to Reduce Appraisal Revision Requests

Appraisal Today

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. When I did my national conferences from 2001 to 2006 there were no tests. ==. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.41

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SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

Will Springer Realtor

Another 14,716 units are under construction and more than 25,000 are in the planning stages, meaning they will likely start construction within about a year. The sellers, Cannabidiol business owners, are reportedly downsizing their living arrangements. JUNE HOUSING UPDATE Home prices and mortgage rates. List: $7.25M ($756/sq.

Buyers 36