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Pending home sales fell 7.1% in August

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. below the August 2022 level.

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Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount.

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Mortgage lending could be halted by flood insurance program’s expiration, experts warn

Housing Wire

Five days remain in the currently authorized National Flood Insurance Program (NFIP). When property owners invest in loss mitigation, they should be promised access to coverage and relief on their premiums,” Douglas Heller, director of insurance at the Consumer Federation of America , said to the Banking Committee earlier this month.

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. In 2010, the Treasury launched the Hardest Hit Fund (HHF) program. Up to the task?

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How to select appraisal comps

Appraisal Today

There’s no rationale or logic for this not being done years ago as a required adjustment, starting in 2010. It can impact home values, insurance costs, and the overall stability of a housing market.” “The The issues are whether you can get access to affordable insurance and how much the costs will increase,” says Xu.

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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). The push for fewer mandatory appraisals isn’t the only thing that has hurt the appraisal industry since the Dodd Frank Act was passed in 2010.

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Being in a flood-prone area can seriously affect your insurance premiums and property value; it could also cause a great deal of aggravation and stress if you experience the wrath of Mother Nature. Census Bureau, Columbus, Ohio has ranked #1 for population growth among comparable large Midwest metro areas between 2010 and 2020.