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New home sales fell again in February

Housing Wire

“Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. Regionally, new home sales increased month over month in the Northeast (59.3%) and the Midwest (6.3%), but fell in the South (-1.7%) and the West (-13.0%). . after a 10.4% drop in January.

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Examining 2024 Home Price Trends 

Appraisal Buzz

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. Jul-06 134.00 Feb-12 -27.4%

Inventory 355
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The nation’s housing market is on a correction course

Housing Wire

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. In fact, Coronado said for some markets that have experience rapid home-price appreciation, a decline in home values may benefit the overall market. “At

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8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. But … home price growth will decelerate in the coming year, experts predict. Why home price growth will slow. million in 2018 to 3.8

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Are you better off moving or refinancing?

Cornerstone

More than 38 percent of homes that are owner-occupied are owned outright, the U.S. Each time home values increase, homeowners receive a dollar-for-dollar equity gain. Home Equity Report shows: “34.4 percent mortgage rate ( the average for 2006 ; 6.65 Census Bureau/Construction Coverage, 2020. **MBS

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How to Reduce Appraisal Revision Requests

Appraisal Today

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. When I did my national conferences from 2001 to 2006 there were no tests. ==. How Grocery Store Locations Impact Home Values. Excerpts: Built 1990 | 6,106 Sq. 5 Beds | 5.5+ Not required by California.

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Too many appraisers?

Appraisal Today

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Americans have seen home values rise at record rates over the past few years. House decorating used a lot of seashells and items found on the local beach. Available to rent on Airbnb, of course.