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Buyer agency: a crucial historical shift in real estate

Housing Wire

The low supply of available inventory and the fast pace of the real estate market means desirable properties might be off the market before a buyer can view the homes on their list. It will likely take several days, multiple trips, and hours between showings to see homes.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. To read more, Click Here My comments: This is the only economics article I regularly read.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. percent of total applications.

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Appraisals and Water Frontage

Appraisal Today

The canal was owned by the state with an unclear easement for building beyond the rear lot line. However, purchase activity was still 10 percent lower than a year ago, as inventory shortages and higher mortgage rates are dampening demand. One was on a tidal canal and built around 1943.