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Home sales will be weak in 2024 regardless of “soft landing”: Fannie Mae

Housing Wire

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

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Appliances for FHA appraisals

Appraisal Today

= 32% of Homes for Sale in the Fourth Quarter Were Newly Built — Just Shy of the Record High Redfin reports new construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. The average contract interest rate for 5/1 ARMs decreased to 6.14

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Experience Matters

Town & Country Residential Appraisals

When making a decision to contract just about anyone to perform a service, one of the most important qualifiers for most is the experience one brings to the table. You really don’t want someone building your deck who has never built one before or replacing your transmission if they have never worked on cars.

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Expanding Supply, Easing Prices Bring Relief to King County Housing Market

Will Springer Realtor

Meantime, the number of contract listings – known as Pending sales – rose 6.1% New Construction In August, new home construction starts increased by 9.6%, according to KPMG’s latest research. Completed home construction jumped to 1.79M units on a 12-month basis, the highest level since January 2007.

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How to select appraisal comps

Appraisal Today

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. This definitely increased the development costs in the new construction, resulting in higher home prices.

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Appraisals – Check the Water Source!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. We all know this is true. percent from 6.57