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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. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time.

Appraisal 358
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Rising Homeownership Costs Driving Record Financial Strain 

Appraisal Buzz

Cost Burdens Rise in Unexpected Markets While high-cost regions continue to challenge homeowners, some of the most dramatic increases in cost burdens have occurred in traditionally affordable metros. For those in this income bracket, severe burdensdefined as spending more than 50% of income on housingalso reached a record high.

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Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

It excludes deals where Redfin agents represented the buyers, because Redfin sets a competitive fee for its buyer services, which is as low as 1.75% in some markets. 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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U.S. Home Values Trend Below Historical Averages

Appraisal Buzz

Markets in New York, Washington, D.C., However, markets out west and in once red-hot Florida are trending well below average growth. Tampas decline is the first annual drop for any market in over a year. Tampas decline is the first annual drop for any market in over a year. annual gain. After rising 4.2%

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Fannie and Freddie set dates for their new refi option

Housing Wire

Additionally, the FHFA will waive its adverse market refinance fee for borrowers with loan balances at or below $300,000. The reality is that borrowers who are in this bracket likely have an FHA loan ,” Stevens said. But the GSEs are confident the new option could assist millions of borrowers.

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Median income earners can only afford 25% of current listings

Housing Wire

As of June 2, there were 433,104 single family homes on the market nationwide, according to data from Altos Research. households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket. It is no secret that housing inventory is low.

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How Many Renters Are Paying Less Than $1K per Month?

Appraisal Buzz

style.height=i}}}))}(); Many Renters Are Simply Staying Put While about one of every three renter households pays less than $1,000 in monthly rent, roughly one of every 13 (7.5%) apartments on the market is priced below $1,000. contentWindow a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}();