Saturday, May 18, 2024 | The Latest Buzz for the Appraisal Industry

More Than Half of U.S. Homes Sold Above List Price

According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate remained at a 12-year high of 5.1%. “Rising mortgage rates are taking a bite out of pending sales as both buyers and sellers take a step back …

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Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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