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New home sales plunge 18.2%, but demand stays strong

Housing Wire

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. A new home sale occurs when a sales contract is signed or a deposit is accepted. year-over-year jump.

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Rise above the panic, for the housing market’s sake

Housing Wire

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers? When this back and forth was unfolding, mortgage demand rose 2.9% What does this sound like to you?

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The new home sales recession continues

Housing Wire

Census Bureau and the Department of Housing and Urban Development. We had missed sales estimates in 2013, 2014 and 2015. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. This is 12.6 percent (±16.9 percent (±10.9

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Appraisers and Property Data Collectors

Appraisal Today

Will Jazz Icon Dave Brubeck’s Former Midcentury Treehouse in NorCal Sway a Buyer for $3M? Department of Housing and Urban Development (HUD) issued $54 million in grants to 182 non-profit organizations to fight housing discrimination. Several types of buyers have shown an interest in the convent. Too cyclical. percent from 7.58

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Avoid Appraisal Disciplinary Action with These Do’s and Don’ts

McKissock

There should be enough information in your workfile so that you know exactly what you were thinking when you developed and reported that opinion of value. Changing the appraised value simply for the purpose of meeting the contract sales price is not a good reason. What could I have been thinking?”.

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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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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. What does it mean to buyers?