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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

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors.

Mortgage 421
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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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When a House Doesn't Appraise For the Sale Price

Eppraisal

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. There are many instances nowadays where a house doesn't appraise for the price on the contract.

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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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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. A realtor sells houses -- yes, the land underneath and surrounding -- first and foremost. Property values are home values just as commercial property values center on the building.

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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. The average consumer may not know the difference between the two, however, home buyers and sellers need to know. " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer.