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With little competition, homebuilders are feeling better

Housing Wire

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. The existing home sales market is significantly bigger than new homes.)

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

That usually appealing to many home buyers. We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. 80% of Home Price Appreciation Since 1990 Was Due To Falling Mortgage Interest Rates?

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Builders continue to get a boost from low inventory

Housing Wire

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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