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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. In addition, 33% of builder expect to experience or have already experienced AD&C loan tightening from regional banking partners.

Inventory 366
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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

Last week, a real estate agent asked me about how appraisers adjust for age. In it, I provide short episodes that provide you with stats on median sales prices, marketing times, housing inventory and other related stats, on specific neighborhoods in Northeast Ohio. – Real Estate Decoded.

Appraisal 223
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With little competition, homebuilders are feeling better

Housing Wire

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.