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Brains, Bytes, and Bracketing: Why Appraisers Need Both Carbon and Silicon in Their Toolkit

Appraisal Buzz

Rather than inserting a wild guess$12,000 for not being next to Bills Burgers (featuring the onion burger)you may instead rank the comps and use bracketing to support your conclusion. Then layer in qualitative reasoning where the numbers fall short, using bracketing and ranked comparison to reinforce your judgment.

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Housing affordability drops sharply for middle-class: NAR

Housing Wire

According to a new paper from the National Association of Realtors (NAR), the drop in affordability is present in all income brackets but its most stark among the middle class where the percentage of affordable listings has plummeted since 2019. For the $75,000 income bracket, theres a shortage of 415,944 listings. Both are 27.6

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The ‘silver tsunami’ will hit South Florida even harder

Housing Wire

In 2025, it’s estimated that roughly 940,000 residents in the 65-and-over bracket — including 130,000 who are 85 or older —will call the region home. Florida already leads the U.S. in the concentration of older adults living there, with more than 18% of its total population comprised of residents 65 and older.

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House Democrats call for more action on US housing crisis

Housing Wire

But the issues stemming from affordability challenges disproportionately strike those in lower-income economic brackets and people of color, Brown said. A coordinated federal response is the only way that Congress and the federal government can adequately address it, she said.

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Older Americans are increasingly reliant on credit cards to cover basic living expenses

Housing Wire

About half (52%) of survey respondents between the ages of 50 and 64 have credit card debt, but more than one-third of those in the 65-to-74 and 75-and-older brackets also carry balances. Those between the ages of 50 and 64 are more likely to carry credit card balances, as well as those with incomes of $40,000 a year or less.

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Rising Homeownership Costs Driving Record Financial Strain 

Appraisal Buzz

For those in this income bracket, severe burdensdefined as spending more than 50% of income on housingalso reached a record high. In 2023, the cost-burden rate for this group reached 74.2%, marking an increase of 5.4 percentage points over the last four years. in 2010 following the Great Recession.

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This aging-in-place program flies under the radar, but it could lower senior care costs

Housing Wire

population is growing older at a faster rate, and those in the 65-and-over bracket are poised to outnumber those 18 and under by the midpoint of the next decade. If youve heard it once, youve probably heard it many times before.