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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

Available home inventory has remained low since the previous Federal Reserve Beige Book report, which was released in November 2022, as many sellers decided not to list — affecting the New York and Boston districts in particular. Brokers noted that the softer market is (slowly) shifting back toward a balance between buyer and seller.

Inventory 375
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Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Location: The neighborhood, proximity to amenities, schools, transportation, and desirability of the area significantly impact a property’s value. Importance of Accurate Pricing Accurate pricing is vital for both sellers and buyers. These include: 1. Here are some valuable insights and tips: 1.

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5 Ways to Help First-Time Homebuyers

McKissock

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

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What’s Included in Closing Costs?

PennyMac

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. Closing Fee.

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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.56

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. Prices rose, too, to near-record highs.

HOA 36
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10 Simple Steps to Purchase a Home in 2020

PennyMac

Plus, some sellers will only consider offers from buyers who are pre-approved, so it’s best to set yourself up for success with this easy move. An added bonus is that agents don’t cost the home buyer anything; they’re compensated mainly via a commission from the seller of the home. when you find your dream home.