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With little competition, homebuilders are feeling better

Housing Wire

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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Builders continue to get a boost from low inventory

Housing Wire

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. However, this is still lower than the 62% reported in December.

Inventory 397
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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

That usually appealing to many home buyers. While we take into consideration both actual and effective age in our appraisal process, if a home is not newer construction, as noted earlier, it is more typical to make an adjustment for condition or effective age rather than for chronological age. How About Loan Conditions?

Appraisal 222