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

Housing Wire

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Agents 435
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Inventory of existing homes hits highest level since early in the pandemic

Housing Wire

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

Inventory 508
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Existing Sales Drop as Median Home Price Jumps to Record High

Appraisal Buzz

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

Inventory 395
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Property condition information that’s cloud-based – “Word cloud” based

Housing Wire

Unfortunately, the ability to obtain information on individual property data about these two factors is hard to come by, short of an interior physical inspection. Detailed definitions of these rating points can be viewed in the Fannie Mae and Freddie Mac Uniform Appraisal Dataset Specification. . Realtor Comments Hold Vital Info.

Valuation 397
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Dave Liniger discusses AI and the evolution of the real estate industry

Housing Wire

Back then, we never thought about the property inspection. We didn’t understand anything other than dual agency and we didn’t have inspections for things like radon gas or uranium in the soil. So, with everything, I think we are going to see membership numbers in the National Association of Realtors go down.

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A look at Knoxville’s hot housing market

Housing Wire

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% “I don’t like it when people waive an appraisal just to get into a home, but what I like to do to win for my buyers is to agree to the home inspection, but we’ll just make it pass or fail,” Poveda said.

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NAR: Existing-Home Sales Fell 5.4 Percent in June

Appraisal Buzz

million, according to the National Association of Realtors (NAR). More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 in the South; and 2.6%

Inventory 195