Remove 2015 Remove Buyers Remove Contracts Remove Inventory
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

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Are Buyers In The Driver’s Seat Now?

Birmingham Appraisal

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

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Is The Real Estate Market Shifting?

Birmingham Appraisal

A decreased pool of potential buyers due to higher interest rates has resulted in less competition. The lower days on market reflect the speed at which the available inventory is being purchased. 5) Months of Supply – Beginning in 2020 we have seen lower months of inventory each year and 2022 is no exception. Conclusion.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. If buyers cannot get insurance or it is very expensive, it will affect value. percent from 7.29

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OK to average adjusted comps on appraisals?

Appraisal Today

The process took several years of securing building permits, and the house was completed in 2015. The record comes as mortgage rates hover at elevated levels, hitting their highest level in 23 years last week and cutting deep into buyers’ budgets. Weekly housing-market data goes back through 2015. The four-bedroom, 4.5-bath

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Buyers Beware? Properties are still going under contract. Remember: real estate is hyper-local!

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State Appraisal Boards – What Do They Look For?

Appraisal Today

Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white. Affordability challenges persist and there is limited for-sale inventory in many markets across the country, so buyers remain selective on when they act. percent from 6.30 percent from 6.26