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Fannie Mae Changes 2018

Robinson Appraisal Group

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. So what is the 1004MC form? To perform true trend analysis you need to compare apples to apples.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement. .

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. It was only in June when I shared an initial look at Avenue Bellevue , a grand residential and hotel community that is under construction in the heart of the city. Update: The home is now Pending Inspection…sorry!].

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Appraisers and Property Data Collectors

Appraisal Today

The unique design of the house is its most impressive feature,” says listing agent Emma Morris, of Red Oak Realty. Thorne, was best known for his use of steel in residential construction. Most modern homes are constructed on a hillside lot on a downslope or upslope, with the house clinging to the side,” Morris says.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

Some of the most common causes of buyer’s markets include: Economic recession: An economic recession occurs when economic activity declines significantly in a designated region for a prolonged period. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” million sq. The potent combo of rising U.S.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 million people work in residential construction, or about 2.8% of the U.S.