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nar: HVCC - May 1st. 2009 - How has this impacted the Housing Market? - 07/30/09 05:40 PM
The National Association of Realtors (NAR) has completed an analysis of the Home Valuation Code of Conduct (HVCC) and it seems to be having an negative impact. No surprise here!!
The survey was conducted with approx. 40,000 random NAR members and the end result were response's from 3,600 members.
The analysis has shown the following.
76% of Realtors (responded) have stated that after the May1st deadline, they experienced a delay in getting appraisals complete. No surprise again!!
69% reported that this new wonderful policy increased the "close" time by more than a week.
Of these, 37% of Realtors polled said they lost sales … (1 comments)

 

Jeff Polonsky

Mill Creek, WA

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