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The Shrinking Dollar’s Impact on Homeownership

Appraisal Buzz

Richardson Economic Consulting LLC , “Socioeconomic Consequences,” found that a key factor contributing to the decrease of affordable mortgages for low- and moderate-income families is the 2010 Dodd-Frank Act , which made small-dollar mortgages relatively more expensive to process than larger loans. particularly in low-income communities.

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Despite Inventory Rise, Home Buyers Remain Cautious

Empire Appraisal Group

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. million, this is the lowest sales activity for existing homes since October 2010. Moderating home price increases are welcome news for home buyers, Yun says.

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A closer look at housing markets across the country

Housing Wire

“I sold a home to a hedge fund guy in New York. The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. One issue that comes from this, Curbow said, is that buyers are afraid to pursue their dream home. But overall demand is on the rise.

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Where home seller profit margins are shrinking

Housing Wire

This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said. Despite this drop, investment returns for home sellers is still up from 48.8% decreased to 54.6%

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Rich men, poor men, and the infinite housing crisis

Housing Wire

If other families’ salaries do not grow at the same rate, the rising property values will outpace their wages, creating a gap between families and nearby homes. In 2010, less than half of eligible Netflix employees opted for stock as part of their compensation, taking a mere 5-7% of their earnings as stock.

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The American dream and the affordability crisis

Housing Wire

Buyer morale is at an all-time low for good reason. Affordability from a home price/down payment perspective is the worst it’s ever been, meaning extreme barriers to entry,” according to a Bank of America Global Research note published in March. Compared to the average 3.2%

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Location, Location, Location: Homebuyers Acclimatizing to Climate Risks 

Appraisal Buzz

For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The total value of U.S. The total value of homes facing high fire risk is up 6.4%