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DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. Data from CoreLogic shows that the number of homes built in the Very High Fire Hazard Severity Zone (FHSZ) in California has declined to 3.5% That comes with its own risks – in many cases, wildfires. The result?

Insurance 369
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Affordability slows home sales, hints at future home price declines

Housing Wire

But home prices are staying pretty stable even though we can measure a slowdown in the number of homes getting offers. Last year, the change in mortgage rates was rapid enough to drive home sales prices down. It’s notable that home sales prices are not yet declining rapidly like they did last fall. in a few weeks.

Contracts 439
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Despite queue of buyers, homebuilder sentiment drops again

Housing Wire

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

Buyers 396
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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67

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Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

They took advantage of multiple bids, price surges, waived contingencies and all-cash offers. What will the 2022 Seattle/King County housing market offer? Here are three consensus predictions: Interest rates will rise as much as a full percentage point by the end of 2022. days (November 2021). =. days (November 2021). =.

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2024 USPAP For Appraisers

Appraisal Today

If you like having the USPAP standards and guidance material linked, we still have you covered. 2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This covers all Definitions, Rules, and Standards.

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“It’s crazy”: Homebuilders big and small struggle to finish projects

Housing Wire

So we are working on projects and when we got the quotes it was one cost and price, but when we go to order after getting the plans and permits finalized the price has gone up and now you’re like ‘I didn’t plan on three extra months to have to wait for windows.’ It’s everything else. “I In December 2021, 34.1% A year prior, only 25.4%