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Builders continue to get a boost from low inventory

Housing Wire

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. This is the fourth straight month of increases after a year of decreases.

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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

Subsequently, a new home typically has a higher market value than one that has already been lived in. 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?

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