Tuesday , 27 October 2020

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Quicken Loans Study Shows Consumers Continue to Be Too Optimistic with Anticipated Home Value

By John Gorecki • Quicken Loans’ National HPPI shows appraised values 1.35% lower than homeowners estimated in August • Home values rose 0.19% nationally in August, with a 2.64% year-over-year increase, according to the Quicken Loans HVI DETROIT, September 12, 2017 – Appraisals continued to lag homeowner expectations in August, although the difference between appraiser and owner opinions has narrowed. …

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Quicken Loans Study Shows Homeowners and Appraisers Don’t See Eye-to-Eye on Home Values

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 1.55% lower than homeowners estimated in July • Home values rose 0.33% nationally in July, with a 4.21% year-over-year increase, according to the Quicken Loans HVI DETROIT, August 8, 2017 – Homeowners across the country continue to view their property value higher than appraisers’ opinions. In July, the average spread …

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Quicken Loans Study Shows Appraised Values Slightly Lower Than Homeowner Expectations

By QLAdmin • Quicken Loans’ National HPPI shows appraised values 1.70% lower than homeowners estimated in June • Home values rose 1.25% nationally in June, with a 5.35% year-over-year increase, according to the Quicken Loans HVI DETROIT, July 11, 2017 – Owners think their homes are worth an average of 1.70 percent more than appraisers do, according to Quicken Loans’ …

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Growth in Q3 a Bit Stronger Than Initially Estimated

By Michael Neal The Bureau of Economic Analysis (BEA) reported that economy, as measured by growth in real gross domestic product (GDP) rose by 3.3 percent in the third quarter of 2018. The second estimate of Q3 GDP growth is moderately higher than the initial, or “advance”, estimate. With this reading, GDP growth has accelerated for two consecutive quarters after …

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Mortgage Rates Remain Low

By Michael Neal Information provided by the Federal Housing Financing Agency indicates that mortgage rates on purchases of newly built homes fell by 5 basis points over June to 3.93 percent. At this level, rates remain below the 4.18 peak level recorded in February. Meanwhile, a more commonly used rate reported by Freddie Mac indicates that mortgage rates rose in …

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AD&C Financing Conditions Ease At A Slower Pace

By Michael Neal Builders and developers responding to NAHB’s AD&C Financing Survey continue to report easing credit conditions for acquisition, development, and single-family construction loans. In the third quarter of 2017, the overall net tightening index based on the AD&C survey was -7.7, indicating net easing. All major categories of AD&C financing also recorded net easing, with lending standards on …

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Core Inflation Ticks Up

By Michael Neal The Bureau of Labor Statistics reported that prices faced by urban consumers rose by 0.1 percent over the month of October, slowing down from the 0.5 percentage point increase in September and the 0.4 percentage point rise in August. Over the past year, headline CPI grew by 2.0 percent on a not seasonally adjusted basis, slower than …

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Quicken Loans Study Shows Less Than 1% Difference Between Owner and Appraiser Opinions of Home Values

By John Gorecki • Quicken Loans’ National HPPI shows appraised values 0.99% lower than homeowners estimated in October • Home values rose 0.71% nationally in October, with a 4.76% year-over-year increase, according to the Quicken Loans HVI DETROIT, November 14, 2017 – Opinions of home values from appraisers and homeowners continue to converge, with the gap between the two viewpoints …

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