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The Tide is Turning- July Newsletter

DW Slater Company

Our power grid and ERCOT (the power grid regulating entity) have been challenged and I found myself checking their real-time grid that tracks the supply and demand of power. The temperatures may be hot but our markets are starting to cool. How can I say the markets are cooling if the prices are still up? The tide is turning.

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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?” I always do market conditions adjustments (or explain why not) and for views and other factors that significantly add to value. I use Excel and MLS data.

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Appraiser Countersues Alleged Discrimination

Appraisal Today

Filed in August 2022 in the U.S. Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. Tate-Austin v. Janette Miller, filed in California in Dec. Connolly & Mott v. Shane Lanham et al.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses. They included appraisers, real estate agents, and someone with a week, a month, or online video training. Not very positive. Read the full report.

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When Will This Market Change?

Lamacchia Realty

When Will the Housing Market Change? We truly lived through a Real Estate History Lesson. Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Now all the above factors are finding a place to land, and everyone is asking: When will the market change?

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. What’s next?

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Shrinking Number of New Listings Slows Seattle/King County Housing Activity

Will Springer Realtor

How’s the market, you ask? The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment. Falling new inventory is constraining transaction volumes while also supporting higher home prices.