In the current unstable real estate market, we hear reports from the National Association of Realtors and many economists that the real estate residential housing market is stabilizing. This is based on several factors including recent price increases in several metropolitan markets, an increase in pending contracts of sale, and increase in overall residential market [...]
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By: Dennis Norman Lawrence Yun, Chief Economist, NAR It appears that lower prices along with low interest rates are bringing buyers back into the market as the market continues to show signs of life and gives us hope that we may be near the bottom. The National Association of REALTORS(R) issued their Pending Home Sales Index Report [...] Dennis Norman By: Dennis Norman May1st the new Home Valuation Code of Conduct (HVCC) went into effect with regard to appraisals and the controversy over it began. It seems no one likes it; not appraisers, real estate agents nor lenders. Many complain it is slowing down the home sale process and increasing the cost of buying a home. This week [...] Dennis Norman By: Dennis Norman Practically the entire real estate industry seems to be abuzz about the Home Valuation Code of Conduct (HVCC) that went into effect May 1st. I first wrote about it back in early April in a post on this blog. Since Fannie Mae and Freddie Mac implemented the new rule there have been [...] After May1st Fannie Mae and Freddie Mac will no longer accept loans that do not comply with The new Home Valuation Code of Conduct (HVCC). |
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