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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years.

Realtors 411
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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

When baking, there are different ingredients that are used that will make the dough rise. Typically, yeast is the ingredient used to make bread rise. Here’s a little video to explain how. Interestingly, yeast is not the only ingredient that can cause the dough to rise. How does yeast work? For instance, sourdough.

Inventory 243
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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

Here are a few of the many survey results. According to the survey responses, the majority of participants (76%) perceive the quality of property data collected by data collectors to be lower than that collected by appraisers themselves. To read more, click here My comments: Now we know what NAR members think about it.

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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. One of the best I have read.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. The White Paper That Started It All.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Read this article on how to check CO detectors. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Killed by Carbon Monoxide: Appraiser Blamed. You may save someone’s life!!

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? The average household finances are in the best shape they’ve ever been in. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet.