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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is a traditional housing activity.

Inventory 513
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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years. Then on Aug.

Inventory 545
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What Tools for Measuring Houses for Appraisals

Appraisal Today

I prefer my phone app – no more rose bush thorns, dog poop, tripping over miscellaneous stuff, etc. Expansive limestone terrace overlooking the rose garden, specimen trees and level lawn. I have been writing about Number 1 for over 30 years. I was hooked the first time I used it! I was surprised to see how few use phone apps.

Tools 76
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Apps for Appraisers

Appraisal Today

Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. This tool is excellent for making copies of tax records, floor plans, etc. The media coverage focuses on real estate agents having difficulty showing homes, etc. There may be more information now.

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The End of Lender Appraisals?

Appraisal Today

The End of Home Appraisals? As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable.

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Recently, Bergen County has been home to one of the hottest housing markets in the country. People aren’t moving because they are tied into low-interest rates, so they aren’t listing their home. But, homes are not receiving the same volume of offers that they used to. “At For every seller I probably have 50 buyers.”

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Appraiser Pressure – What To Do?

Appraisal Today

The Good Appraiser (for anyone who wants their number) Always gives us what we need: – Unethical Appraiser. NOTE: Please scroll down to read the other topics in this long blog post on Real estate market changes, ADUs, AMC interview, unusual homes, mortgage origination stats, etc. ==. $4 Where Will Housing Prices End 2022?