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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors.

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State of the mortgage industry half-time report

Housing Wire

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Millennials make up 44% of home purchases today.

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Key Issues That Affect the Real Estate Market

Eppraisal

Yet it is another day at the office for realtors, lenders, attorneys and title agencies. An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns.

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What’s the Difference Between a Comparable Market Analysis and an Appraisal?

Eppraisal

There are two ways in which home values can be estimated by real estate professionals. A comparable market analysis can be prepared, or an appraisal can be performed. The average consumer may not know the difference between the two, however, home buyers and sellers need to know.

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When a House Doesn't Appraise For the Sale Price

Eppraisal

The real estate industry has been experiencing one of the hottest markets in history. This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing.

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Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. I wonder what quote we might receive from Mr. Gregory if market prices were declining. What are realtors doing beforehand?

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Opinion: NAR has finally met its match

Housing Wire

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

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