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What’s Happening in New Home Construction and Sales?

Appraisal Buzz

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news New homes are selling like it’s 2006 again. .”

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

It is high-volume work,” Alipour recalled. But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. On a mission.

Business 366
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NAR Appraisal Survey 2022

Appraisal Today

Appraisers are significantly more likely than other members to say that the most competent are not being selected most of the time (22 percent vs. nine percent) or at all (16 percent vs. six percent) and much less likely to say they are being selected most of the time (12 percent vs. 23 percent). While agents can “puff” we cannot!

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What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. No, it can’t. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. Purchase application data, while doing better than I thought it would with rates over 5%, is still negative year over year, and this time it’s real. We see this in the data.

Inventory 505
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What’s Happening in New Home Construction and Sales?

McKissock

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news. .” ” Read the full article. .”

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How to Reduce Appraisal Revision Requests

Appraisal Today

Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Be sure to address those questions; it will certainly help you in the long run.” It tends to get redundant when you’re just talking about different comparables but the same characteristics.”.