Appraisals Are Coming In Lower Than The Purchase Price
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A report from ABC News. "Wesley and Kimberly Robinson, both elementary school teachers, started building a new home for themselves and their two daughters in Rogers, Arkansas, last year, when interest rates were close to 3%. But their mortgage rate…
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A report from the Review Journal. "Homebuilder confidence dropped again this month as buyers hit the brakes in Southern Nevada and around the country. In another sign of a 'weakening market,' 24 percent of builders reported cutting their home prices,…
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A report from Community Impact in Texas. "Median home prices in Northwest Austin are down $67,000 from July to August, according to the Austin Board of Realtors monthly report released on Sept. 15. August median home prices stood at $577,000,…
A report from CBS 8 in California. "'Sellers are getting a little spooked. They’d like to take their money off the table, take the risk off the table and as a buyer, if you can position yourself correctly you can…
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A weekend topic starting with Mortgage Professional America. "'We were overpaid for a couple of years,' said Dan Lourenco, a loan consultant at Mortgage Navigators. 'and it was too easy. Now you have to work a little bit. This year,…