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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. While I absolutely could have begun my home search with an agent, as a reporter covering the space, I know how busy agents are.

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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Kingston is latest hot housing market for those leaving NYC

Housing Wire

Inventory is low, like it is throughout the country, and that’s driving up demand. Inventory in Kingston and Ulster County isn’t likely to get better anytime soon, according to local builders. . The National Association of Home Builders estimates that the rising cost could add up to $24,000 to the price of a new build.

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Fannie Files Complaint Against Appraiser

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.36

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A must-read for homeowners: Do you have to renovate before you sell?

Cornerstone

If you’re considering selling, your first step might be to begin looking into which remodeling projects may make your home more attractive to buyers. But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. In a normal market, you’ll see a 6-month supply of homes for sale.

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Tools To Support Appraisal Adjustments

Appraisal Today

By Tom Horn Excerpts: As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. Contrary to what you see on the home improvement shows it is not always possible for an appraiser to shoot from the hip and reply back “An updated kitchen will add $50,000 to the value of your house”.

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Costly Home Renovation Mistakes to Avoid

Empire Appraisal Group

Renovations, which involve substantial home improvements, generally aren’t covered by standard insurance. Take inventory of the tools you already own. See if family, friends, or your local home improvement stores would be willing to rent or loan their tools.