Appraisal Buzz
NOVEMBER 19, 2024
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.
Housing Wire
MARCH 9, 2022
From 2010 to 2020, middle-income households gained $2.1 NAR’s Housing Wealth Gains for the Rising Middle-Class Markets study examined the distribution of housing wealth between 2010 and 2020 across income groups in 917 metropolitan and micropolitan areas. in 2010. .” in 2010 to 29.8% In 2020, just 27.7%
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Housing Wire
FEBRUARY 20, 2024
“While significant disparities exist, the median net worth of those 65 to 74 was $410,000 in 2022, up from $282,270 in 2010 in inflation-adjusted 2022 dollars,” according to the Federal Reserve’s Survey of Consumer Finances.
Housing Wire
JULY 26, 2021
Since 2010, Bank of America , Wells Fargo , and JPMorgan Chase have all paid multi-million-dollar settlements in response to U.S. Indeed, the researchers at Zillow found that home values have grown quicker for Black households since 2014, coincident with the rising fintech market share.
Housing Wire
AUGUST 25, 2022
However, while it’s true for most of the purchase market, for home equity loans, valuations can often be done using a waterfall of valuation products – starting at an AVM with a Property Condition Report (PCR), evaluations, desk reviews of existing appraisals, desktop and drive-by appraisals, and, if all else fails, a full appraisal can be ordered.
Housing Wire
OCTOBER 20, 2022
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%
Housing Wire
JANUARY 7, 2022
Augusta home sales this year varied due to events that happen every year such as the start of school leading to fewer sales, Kelly said. Still, Augusta home prices are not immune to national trends. The typical home value in September 2021 is $147,000, according to Zillow, up 20% from August 2020. Peoria, Illinois. “If
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