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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Appraisal Today

JANUARY 26, 2024

Just before the crash, we sold it in April 2008 for $1,000,000. 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. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.51

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Appraisal Today

OCTOBER 21, 2022

It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. The wild designs that cover the walls and ceilings are made of caulking compound, paint, Styrofoam, and wood. “We Originally, the house was designed as a three-bedroom with one bathroom,” she adds. percent of total applications from 29.0

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Appraisal Today

JULY 29, 2022

Excerpts: Built in 1959 and designed by Tollyn Twitchell for Ralph Twitchell Architects, the 3,419-square-foot, ranch-style home is listed for $3 million. It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. This is actually about fewer buyers getting into contract.

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Appraisal Today

NOVEMBER 20, 2022

In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. This is definitely not a repeat of 2008. ==. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.93

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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. Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. 2,500 sq.ft.,

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Will Springer Realtor

MAY 9, 2022

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. >> Insights from 12,000 consumers and over 300 architectural designers show that 51% of residents will work from home in 2022, up from 33% before the pandemic. bath , 17,599 sq.

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Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. This specially designed British supercar comes with a super price tag – about $1.7M. About three-quarters of the 459 residences are under contract with a target opening late this year. >> In total, 308.9K Price: $5.1M ($2770/sq.

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Will Springer Realtor

MAY 12, 2021

The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. There was plenty of excess in our region too, with about 23,700 listings (comprising all home types) across King and Snohomish counties in July 2008 (green). Listed at $1,995,000 ($725/sq. bath, 4450 sq.

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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! After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. Uniquely designed, the home looks south toward Mt.

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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. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.

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