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Home sales dip, but prices are holding steady for now

Housing Wire

housing market now. That’s frankly surprising given how cold the housing market froze last fall. This week continues that trend. New contracts dipped as affordability is out of reach for so many. Let’s look at the signals for the week of September 11, 2023. There are no signs in the data of home prices tanking.

Contracts 409
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Data points to a cooling in the housing market this fall

Housing Wire

It was mid-June when it looked like mortgage rates might continue to ease down but then the opposite happened. Inventory Available inventory of unsold single-family homes ticked up again by less than 1% again this week to 492,000. Now, that extra little boost of demand seems to be gone from the housing market.

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NAR Appraiser Survey July, 2023

Appraisal Today

The survey results had a comparison of 2022 and 2023, which was very interesting. This year, however, the single greatest challenge, cited by almost half (47 percent), is “fee pressures,” which, based on comments, is also related in many cases to pressure from AMCs. One-quarter (26 percent) cite technology fees (not an option in 2022).

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Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? days (November 2021). =. days (November 2021). =. 2 (Freddie Mac).

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2024 USPAP For Appraisers

Appraisal Today

The ASB will continue to review USPAP for changes when necessary but will shift much of its focus to providing more guidance to the marketplace. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. This covers all Definitions, Rules, and Standards.

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

California Glass House in Orinda, CA Lists for $10.5 Built in 2020 (after teardown of existing house), 1.43 acre lot Designed by Robert Swatt of Swatt Miers Architects, a San Francisco-area firm that has won scores of design awards, the site-specific cantilevered house “is in a league of its own,” Newton Cane said. .

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Seattle Area Housing Market Remains Not for the Faint of Heart

Will Springer Realtor

The Seattle area housing market right now reads like a mystery novel with half the pages missing. The housing environment hasn’t exactly been an enjoyable page-turner for more than a year. Existing home sales fell 18% between October and November for all homes on the market and are off 11% Year-on-Year (YoY). higher YoY.