Happy New Year! I hope everybody is refreshed as the new year starts rolling. I am hearing nationally and locally more and more news that the market is slowing. While that is stating the obvious, I think its imperative to embrace the market changing and look...
As appraisers, we are constantly analyzing data trends. For the last few years, the headline has generally been "It's a Seller's Market." Simply put, the definition of seller's market is when there are more buyers than sellers and sellers have the upper hand. A seller...
So what is in store for real estate in 2016? The surrounding markets were active in 2015 with prices at the very least stable if not trending upward at some point during year. Of course every local neighborhood varied in price appreciation. So, will prices...
As some may have heard and experienced recently, FHA guidelines have changed this past September. These changes will impact real estate appraisers, agents and homeowners. From an appraisal standpoint, they have modified the word "inspection" to "observation" but after reviewing the new guidelines, it looks...
The real estate markets this spring and summer have been strong and robust to say the least! As an appraiser, it's easy recognize an upward trend and pressure on prices when I'm seeing many purchase contracts addressing concerns over the contract price not appraising. I've...