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The 2023 housing market is at odds with itself

Housing Wire

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Home shoppers who are waiting to score a deal are going to be disappointed in 2023.

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. They eased below 6.5% in September 2022.

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Home Price Increase: The Highest in More than 15 Years

Empire Appraisal Group

Home Price Increase: The Highest in More than 15 Years. Source: Home Price Increase: The Highest in More than 15 Years | Florida Realtors. Share this article: Facebook Twitter LinkedIn Print Share. Home Price Increase: The Highest in More than 15 Years.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

These employee agents are exceedingly more productive than the average independent contractor agent. They are also more diligently responsive to leads – and perhaps to each other. “We Redfin CEO Glenn Kelman. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I

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Tools To Support Appraisal Adjustments

Appraisal Today

By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” To read more, Click Here My comments: Short, well written, and Very Interesting, especially the appraiser’s comments! I use Excel and MLS data.

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Value of a Pool for Homes?

Appraisal Today

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. Homes in different locations and price points tend to have different amenities, and that includes pools. In short, the higher the price, the greater chance of having a pool.

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Appraiser Countersues Alleged Discrimination

Appraisal Today

is one highly publicized lawsuit covered at length by mainstream media–CBS News, The New York Times, NBC, CNN, ABC News, and more. To read more, click here My comments: Long article and worth reading. The Tulsa race massacre occurred on May 31, 1921. Tate-Austin v. Janette Miller, filed in California in Dec.