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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 546
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Appraiser Countersues Alleged Discrimination

Appraisal Today

Plaintiffs cannot transform allegations of incompetence or a breach of appraisal industry standards into racial discrimination by baldly alleging that Mr. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race. Tate-Austin v. Connolly & Mott v.

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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. 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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Too many appraisers?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. House decorating used a lot of seashells and items found on the local beach. Easy — we do what we have always done, each time. To read more, click here.

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Appraisals – Check the Water Source!

Appraisal Today

It was shared by four nearby homes. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. I have included some of the articles below. A few examples: Different price ranges – first-time homebuyers, high end.

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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?

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

Of course, I have always preferred not knowing the sales price as it seems like a conflict for an objective, unbiased appraisal. NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc.