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national: Brave Appraisers will Stabilize the Market - 08/22/08 05:59 AM
By the skin of my teeth, I just closed a deal where the bank appraisal was a full $200,000 LESS than the offer price....needless to say, both my buyer and the seller completely flipped out, and wanted to know exactly how the appraiser came up with such a low value.
So after an hour-long phone call with the appraiser (which he thankfully granted), here's what I learned:
Short-term sacrifice for Long Term gain
The whole Appraisal Industry is currently in the cross hairs of Federal reform, and though it will be tough for everyone involved (Appraisers most of all), it … (8 comments)
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national: Illegal Immigrants RAISE Homevalues - 08/14/08 12:51 PM
**This is Part 2 of another blog I wrote: 10 Cities w/ Fastest Rising Homevalues....What Can We Learn? In my last blog, I commented on an article by Money Magazine that listed 10 cities with the fastest rising homevalues in the nation. I did some further research, and found something VERY interesting: - only 2 of those 10 cities actually INCREASED in population between 2000 & 2007: McAllen,TX & El Paso, TX.....every other city on the list DECREASED in population between 2000 & 2007 (see here). - McAllen, TX had the HIGHEST 1yr home appreciation forecast of all 10 cities: 4% … (3 comments)
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national: 10 Cities w/ Fastest Rising Home Values....What Can We Learn? - 08/13/08 05:58 AM
We all know that home values nationwide are falling, but there are cities where home values are currently stable or even on the rise.
But which of these stubborn cities, with home values that refuse to decline with the rest of us, are rising the fastest?.....What can we learn from them? Is there some common trait that sets them apart as Real Estate RECESSION PROOF cities?
Below, I've reprinted a portion of a recent Money Magazine article (10 Fastest Growing Real Estate Markets, 05/13/08) which lists 10 cities with the fastest rising home values:
McAllen, Texas
12-month forecast: 4% Median … (17 comments)
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Peter Hackett, HutHub.com - The National Real Estate Network
Oakland,
CA
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Address: Oakland, CA
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