Are appraisers getting better at what they do?
For a long time the inexperienced appraisers hired on the cheap by banks were the source of much disgust. Their appraisals were often lower than true value. They were using junker sales and foreclosures- often not even in the same neighborhood. No attention was being paid to the fact that sales were jumping-indicated by pending sales.
Read more on Appraisers less likely to screw up the sale…
Only 2 in 5 Housing Markets are Improving -Freddie Mac
THIS IS AN INTERESTING POINT OF VIEW SINCE MOST OTHER PUBLICATIONS ARE GLOWING
“According to Freddie Mac’s new Multi-Indicator Market Index (MiMi) continues to show a weak housing market overall. The national MiMi value is flat compared to last month and has improved only slightly year-over- year.
Read more on Is the real estate market really improving?…
Southern California home prices in April show more signs of a slowing market
This is a welcome sign for buyers who have been priced out of the housing market.
High prices and mortgage rates have kept many families and investors from buying, causing sales to tumble and prices to really slow.
Read more on Southern Cal.home prices show signs of slowing market…
What you need to know about dealing with contractors
First of all this is not about trust. You have to assume they are out to cheat you and behave accordingly. They are guilty until proven innocent.
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Multi-family building up 15% this year.
Demand is up for apts. As the economy improves more young people are moving out of their parents homes. They are choosing apts rather than houses because of the tough housing markets
Read more on Builders building more apartments than houses…