Rising mortgage rates, high inflation, low existing inventory, and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in Q2 of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of …
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This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as
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