Wednesday, November 29, 2023 | The Latest Buzz for the Appraisal Industry

High Home Value Trend Slows Down, One-Fifth of Sellers Cut Prices

Weary homebuyers panicked by rising mortgage interest rates might be relieved to hear that this cruel twist comes with one big upside: lower home prices. In October, median home list prices continued to drop from June’s record high of $449,000 to $425,000, according to a recent report from Realtor.com.

While list prices are still up by 13.3% compared with a year ago, nearly one-fifth of those sellers slashed their prices in October, more than

This post was originally published on this site

Mark Buhler

The Surfing Appraiser

Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of

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Timothy Andersen, MAI, MSc., CDEI, MNAA

“Naked, Unarmed, and Alone?”

Question: “My state board recently charged me with authoring a misleading report. I got the client to write a letter to the state indicating my

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