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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. The information and data for the current Beige Book – released in November – was collected on or before November 23.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. So, home sales have really gotten completely hammered,” Zandi said.

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Case-Shiller report shows home-price increases moderating

Housing Wire

National Home Price Index is a leading measure of housing prices. It tracks the value of single-family housing nationwide, while the 10-city and 20-city composite indices track single-family home values in select metro areas. Since peaking in February, price appreciation has moderated slightly.

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Several Ways Home Value is Considered

Hank Miller Team

The discussions surrounding the question of “what’s a home worth” will never end, because there is no standard answer. Sure the reflex text book answer is “what a buyer is willing to pay” but that’s hardly the complete picture. A home has a number of “values” and most are not tied to the buyers in the market.

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Appraiser Liability Risks

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Why you need this book Have you ever had to appraise a home with “no comps”? per month, $24.75

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How to Take Advantage of the Cooler Summer Market

Lamacchia Realty

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

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New Interior Big-Ticket Items Buyers are Searching For

Eppraisal

The real estate market is still hot and inventory of homes for sale is still low. With considerably more buyers than homes available for sale, many buyers are pulling every trick in the book to get sellers to choose their offers. They are willing to pay dearly for homes like these.

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