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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process.

Appraisal 358
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Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. In relatively competitive housing markets, agents are seeing more negotiation over who pays the buyer’s agent, and how much they are paid.

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Rising Homeownership Costs Driving Record Financial Strain 

Appraisal Buzz

For those in this income bracket, severe burdensdefined as spending more than 50% of income on housingalso reached a record high. The data suggest that rising homeownership costs are affecting not just new buyers, but long-term homeowners who are now struggling with increasing expenses. percentage points over the last four years.

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U.S. Home Values Trend Below Historical Averages

Appraisal Buzz

This months release covers home sales in September, October, and November, a period in which buyers saw the most for-sale home options in nearly five years. Jones continued: Eager buyers took advantage of the brief reprieve in rates, which resulted in a 6.1% in November. bump in existing home sales in November. After rising 4.2%

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Nearly Half of All Prospective Buyers Struggle with Basic Home Costs

Appraisal Buzz

Moreover, a majority of Americans (27%) from all income brackets, including the mass affluent and above, reported that they have been compelled to set up a payment plan or other arrangement in order to help with making monthly payments. These respondents make up 48% of the shockingly large number of persons who face these challenges.

Buyers 370
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Pending Sales for Starter Homes Up by Double Digits 

Appraisal Buzz

Since they are less likely to have a sizable down payment, first-time buyers, who account for a sizable share of the starter-home market, are more susceptible to rate reductions. We are seeing a lot of younger buyers looking at smaller starter homes. The price growth for the intermediate and upper price brackets was 4.6%

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Targeting 2025’s 10 Top Housing Hot Spots 

Appraisal Buzz

Areas with fewer locked-in homeowners are likely to see more properties listed, increasing inventory and offering more opportunities for buyers. Average mortgage rate: While mortgage rates differ by area, a lower mortgage rate enables more buyers to qualify for a mortgage, boosting housing demand. million existing-home sales in 2025.

Inventory 370