Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

JANUARY 26, 2024

Just before the crash, we sold it in April 2008 for $1,000,000. I always tell buyers to buy when no one else is buying. Current listings and especially homes in contract show current market conditions. The problem with listings and homes in contract is that they are not closed sales. 10 miles east of San Francisco.

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Contracts Appraisal Mortgage Inspection 88

Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. Spiking housing supply & fewer buyers. This is actually about fewer buyers getting into contract. In previous price declines, such as 2008, the percent decline varied significantly. July 25, 2022 .

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

OCTOBER 21, 2022

It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? My comments: Fun to look at but does it appeal to many buyers? Cost to cure?

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Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. were flipped last year, down 29% from 2022 and the largest annual drop since 2008.

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HOA Transportation Construction Buyers 36

Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. The 30-year fixed mortgage rate hit the six percent mark for the first time since 2008 – rising to 6.01 percent from 5.94 percent, with points decreasing to 0.76

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Appraisal Construction Contracts Insurance 52

Will Springer Realtor

MAY 9, 2022

That’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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Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. was $1889. >>

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Design Construction Development Property Taxes 36