CP Home Appraisals

MARCH 24, 2009

The U.S. Commerce Department reported that housing starts rose 22% in February to a seasonally adjusted annual rate of 583,000. The last time housing starts increased was in June, and this was the largest percentage increase in 19 years. The increase was driven primarily to starts in multifamily units, which were up 80%, while single family unit starts rose by a more modest 1.1%.

Inventory 78

Inventory Construction Marketing 78

CP Home Appraisals

MARCH 24, 2009

The U.S. Commerce Department reported that housing starts rose 22% in February to a seasonally adjusted annual rate of 583,000. The last time housing starts increased was in June, and this was the largest percentage increase in 19 years. The increase was driven primarily to starts in multifamily units, which were up 80%, while single family unit starts rose by a more modest 1.1%.

Inventory 60

Inventory Real Estate Construction Marketing 60

CP Home Appraisals

FEBRUARY 10, 2009

FHA Appraisal Tips. The following are excerpts from HUD Mortgagee Letter 2005-ML-48 regarding repair and inspection requirements. FHA Repair Requirements: Below are examples of minor property conditions that no longer require automatic repair for existing properties include, but are not limited to: * Missing handrails * Cracked or damaged exit doors that are otherwise operable * Cracked window glass * Defective paint surfaces in homes constructed post 1978 * Minor plumbing leaks (such as leaky f

Appraisal 60

Appraisal Inspection Construction Appraisal Tips 60

CP Home Appraisals

FEBRUARY 10, 2009

FHA Appraisal Tips. The following are excerpts from HUD Mortgagee Letter 2005-ML-48 regarding repair and inspection requirements. FHA Repair Requirements: Below are examples of minor property conditions that no longer require automatic repair for existing properties include, but are not limited to: * Missing handrails * Cracked or damaged exit doors that are otherwise operable * Cracked window glass * Defective paint surfaces in homes constructed post 1978 * Minor plumbing leaks (such as leaky

Appraisal 60

Appraisal Inspection Construction Appraisal Tips 60