Remove 2006 Remove Buyers Remove Contracts Remove Development
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Rising home prices take a toll on pending home sales

Housing Wire

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. pending home sales fell 1.1% compared to a year ago.

Realtors 532
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The Cost Approach: An Underutilized Approach to Value

McKissock

There are occasions when the income approach can be the primary indicator of value for residential properties, such as developments with a high percentage of homes owned by investors. Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.”

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Housing starts are rising, despite cost to buyers

Housing Wire

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply. ” However, the U.S.

Buyers 441
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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. George had a Ph.D.

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Appraisals – Check the Water Source!

Appraisal Today

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The number of potential buyers will decrease as rates go up in many markets. USPAP and the Contract.

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The evolution of the more productive real estate agent 

Housing Wire

The agents who spoke with RealTrends all viewed any time spent developing leads and cultivating relationships that will help them grow their client base as productive. Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless.

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The nation’s housing market is on a correction course

Housing Wire

“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.