Tuesday , 27 October 2020

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3 Tennessee Appraisal License Classes Now Available Online

In July 2020, the Tennessee Real Estate Appraiser Commission approved three qualifying education courses to be completed online. Basic Appraisal Principles, Basic Appraisal Procedures, and the 15-hour National USPAP Course no longer have to be completed in a live classroom. Each of these Tennessee appraisal license classes are now available online at McKissock.com. This is great news for anyone who’s …

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Residential Construction Spending Up 7%; Low Rates Forever?

Construction spending expanded again , with residential construction among the healthier sectors. The U.S. Census Bureau put total August public and private construction spending at a seasonally adjusted annual rate of $1.413 trillion compared to $1.393 trillion in July. This is a 1.4 percent increase and is 2.5 percent higher than the prior August. On a non-adjusted basis, the spending …

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Pending Home Sales Just Hit a New All-Time High; Applications Slowed as Rush to Beat The New Fee Dies Down

Contracts for existing home purchases rose for the fourth straight month in August and more than doubled the increase expected by most analysts. The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) rose from 122.1 in July to 132.8 in August, an increase of 8.8 percent. The PHSI, based on contracts to purchase existing single-family houses, …

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Is There a ‘Zombie Apocalypse’ Ahead for Vacant Properties?

In light of the indomitable presence of COVID 19, many zombie foreclosures have spiked across the U.S. with Americans battling to keep up with their mortgage payments, according to ATTOM’s most recent vacant and zombies foreclosure report. The report poses the question: Are Americans in store for a “zombie apocalypse,” which not only would hit … The post Is There …

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Foreclosure Wave Could Culminate in ‘Major Event’

The near-future will be bringing a wave of foreclosures, according to a Federal Reserve economist, but this will not be at the severe levels experienced in the aftermath of the 2008 economic meltdown. In a presentation titled “Housing Insecurity in the Time of COVID-19,” William R. Emmons, lead economist with the Center for Household Financial … The post Foreclosure Wave …

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Americans’ Credit Conditions, By State

When it comes to credit, the reverberations of COVID-19 are shaking some states more vigorously than others, according to an Annual CardRatings stae by state study. States in the best position to bear the brunt of this year’s economic uncertainty are reflected in the study. The possible upshot: households that began the year with the … The post Americans’ Credit …

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