Appraisal Buzz
MARCH 4, 2025
in 2010 following the Great Recession. For those in this income bracket, severe burdensdefined as spending more than 50% of income on housingalso reached a record high. In 2023, the cost-burden rate for this group reached 74.2%, marking an increase of 5.4 percentage points over the last four years.
Housing Wire
SEPTEMBER 16, 2024
in 2010, 2011, and 2016 and as high as 8.7% The data indicates that low-income seniors are more affected, but those in a higher income bracket are also posting higher spending levels relative to their income. Still, despite the sharp reduction expected in this year’s COLA, the currently predicted increase of 2.5%
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Housing Wire
MAY 30, 2024
Similar increases among women between the ages of 55 to 59 and 70 to 74 were also observed at that time, but they decreased for women in the 60-64 bracket in 2023. The female share of the labor force ages 55 or older has generally fallen since 2010, though it did increase slightly in 2023.
Appraisal Buzz
NOVEMBER 29, 2021
In 2010, I was still puzzled by the reticence of many appraisers to embrace the Cost Approach as it increases our level of credibility. I can use median or average, but I have to remember to cull the data for common sense bracketing and consider overall site sales related to the subject property use and size. 4) Streamline (update).
Housing Wire
JUNE 15, 2022
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, created in direct response to the financial crisis, requires lenders to check a buyer’s ability to repay (ATR), which protects them from predatory lending practices. For the next six months, we expect ARMs to have some popularity,” said Johnson.
Birmingham Appraisal
AUGUST 14, 2024
Changing Trends in the Size of Homes While detailed information on square footage was not consistently recorded in the Birmingham, Alabama MLS until around 2010 we can look at national trends to see what was occurring across the country. Effectively bracketing the comparable sales used will give you the most accurate indication of value.
Houston Properties
JANUARY 13, 2021
For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Put another way, the monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. So, what did they do?
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