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You’re a Squirrel — Start Marketing Like One

Housing Wire

Now, you’re likely asking yourself, Why am I reading about squirrels in a marketing article? 2020 has been a tough time for many, but for people in housing, it’s like all the oak trees in the forest suddenly dropped their acorns at once, and you’ve been madly collecting them as many as you can before they’re gone. Glad you asked.

Marketing 405
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The Home Stretch Real Estate Roundup

Movoto

That’s why we’re introducing The Home Stretch, a monthly real estate roundup to help you make informed moves. Interest Rates The average interest rate for a 30-year fixed mortgage started the month at 6.94%, which is at the low end of the 52-week range. year-over-year in February…” So… Is Now the Time to Make Moves?

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Freddie Mac’s Bulletin, announcing the new policy, states: “Freddie Mac, in collaboration with Fannie Mae and HUD, is implementing requirements related to reconsideration of value (ROV) that promote consistency when a perceived appraisal issue and/or appraisal deficiency exists. Several sections of HUD Handbook 4000.1

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The Cost Approach: An Underutilized Approach to Value

McKissock

In residential appraising, the cost approach and the income approach have in many cases become less utilized in favor of sole reliance on the sales comparison approach. Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.”

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Existing home sales now outperforming

Housing Wire

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 million and 6.2 million and 6.2

Inventory 531
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Appraisal in Changing Markets

Appraisal Today

Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices. This spike basically peaked one year ago as size has started to normalize. Will we see smaller homes more often as first-time buyers flood the market?

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Seattle/King County Activity, Prices Show a Monthly Jump

Will Springer Realtor

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). Home sales figures were little changed in the county as a whole year-on-year (YoY) but varied widely by city, while home prices reached double digits amid growing demand.

Buyers 57