Housing Wire
APRIL 17, 2023
As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. In addition, 33% of builder expect to experience or have already experienced AD&C loan tightening from regional banking partners.
Housing Wire
MARCH 15, 2023
Scores for each component of the homebuilder confidence survey are then used to calculate an index, with any number greater than 50 indicating that more homebuilders view conditions as favorable than not. The NAHB attributes the increase to the lack of existing home inventory shifting demand to the new home market.
Cleveland Appraisal Blog
MARCH 4, 2021
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. How About Loan Conditions? Once we know these things, we can determine how much value a home has lost.
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