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Opinion: The “profitless boom” in residential construction

Housing Wire

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Many people are referring to this time as a ‘profitless boom’ for the building industry. Be cautious when signing fixed-price contracts. Enter into contracts that are malleable to market prices.

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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. This tactic uses the land’s price, plus the construction fees and minus depreciation. Reproduction refers to how much a replica would cost to build. Here’s how to overcome any obstacles that may arise.

Appraisal 397
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Top of the list: An interview with Ben Caballero

Housing Wire

There’s a management process we do where we touch each listing approximately 23 times, from changing the status and stage in construction process to changing the photographs. HousingWire : Now, at the point of contract where an agent or consumer sees a home entered by HomesUSA, what happens next? And they are the ones who do that.

Realtors 417
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

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Nearly All of U.S. Homes Sitting For at Least a Month 

Appraisal Buzz

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. ppts Pending sales that fell out of contract, as % of overall pending sales 15.6% They were down 1.9% year over year. Months of supply 2.6