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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. For more details and graphs, click here. It has a giant rock in it.

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Lamacchia Realty Announces Top Producing REALTORSĀ® for March 2022

Lamacchia Realty

To learn more about Shauna, click here: Shauna Fanning Kelly Dimbat has lived in Billerica since 2006 and has been a top producing REALTORĀ® in Billerica and the surrounding communities for several years. Kelly joined forces with Lamacchia Realty in January 2019, after having owned James Marcora Realty in Billerica, MA since 2006.

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Superadequacy Adjustments for Appraisals

Appraisal Today

Itā€™s a type of functional obsolescence in which the structure or one of its components is overly improved to a capacity or quality than a prudent buyer or owner would build or pay. Have you ever driven closer and closer to your subject and noticed that the homes are much smaller or have standard designs? I expect renewal fees to go up.

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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and who show a willingness to budge on price or make other concessions. and they’re home to more than 74M people.

Law 36
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Appraisers: What should you have in your car?

Appraisal Today

Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. The mansion was designed by architect Richard Landry and sits on a hillside with fabulous views. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.71

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Thatā€™s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire ā€“ at least through early summer ā€“ before possibly lowering a gear. One of the reasons for the continued home-sales intensity ā€“ in any season ā€“ is a key group of ā€œnewā€ buyers. million units.