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OK to average adjusted comps on appraisals?

Appraisal Today

To Mean, or Not to Mean, That is the Question By Brent Bowen Excerpts: There seems to be a consensus among appraisal reviewers that the appraiser should not average the adjusted sales prices of their comparables in order to arrive at an indicated value of the subject from the Sales Comparison Approach. The house is like a piece of art.”

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. in the first half of 2022.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

Until the start of this conflict, rates were expected to rise steadily through 2022 with anywhere from three to five Federal Reserve-generated hikes to stem the rapid rate of inflation. off their 2022 high of 3.92% (the highest level since May 2019). There is so much at play – and at stake. It’s all bad for the economy and housing.