Price cuts indicate homes are sitting on the market longer – which means more options for buyers, less competition for homes and more room for buyers to negotiate. Many recently white-hot markets have seen large jumps in the share of for-sale listings with a price cut.
The Licensee’s Duty of Care Requires a CMA Before a Seller Lists or a Buyer Offers. By Jeff Sorg, OnlineEd Blog (October 25, 2018) (Portland, Ore.) OnlineEd® – As a part of a licensee’s fiduciary duty of care, a Comparative (or Competitive) Market Analysis (CMA) should be prepared before a listing price is established with a seller […]
FHA is instructing lenders to provide a second independent property appraisal in cases where FHA determines there may be inflated property valuations.
Despite slowing home-value appreciation, it could take until 2020 to see the market change. By Jeff Sorg, OnlineEd Blog (August 28, 2018) According to the 2018 Q3 Zillow® Home Price Expectations Survey, sellers will continue to have more negotiating power than buyers, at least until 2020. The quarterly survey is sponsored by Zillow and conducted by Pulsenomics LLC, […]
Existing-home sales fell in July 2018 to their slowest pace since February 2016, according to a report by the National Association of Realtors®(NAR).
Home value growth is slowing in almost half of the 35 largest U.S. metros By Jeff Sorg, OnlineEd Blog (August 16, 2018) (SEATTLE) Zillow®/PRNewswire – The share of home listings with a price cut is greater now than a year ago in two-thirds of the nation’s largest housing markets, according to a new Zillow® analysis. The share of listings […]
Waterfront home price premium drops 18% since 2012 By Jeff Sorg, OnlineEd Blog (July 20, 2018) (SEATTLE) PRNewswire- The premium for living on the water isn’t as high it used to be. Homes along the water sold for a 36 percent premium in the first quarter of 2018, according to a new Zillow® analysis. The extra cost for […]
Housing Starts Collapse in June By Jeff Sorg, OnlineEd Blog (July 18, 2018) (Washington, D.C.) US Department of HUD – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2018. Here’s how they stack up: Building Permits Privately-owned housing units authorized by building permits […]
Oregon CCB investigators turn up 32 alleged violations along Oregon’s North Coast. By Jeff Sorg, OnlineEd Blog (June 28, 2018) (Portland, Ore.) OnlineEd – The Oregon Construction Contractor Board (CCB) reported in a recent release that it had joined in a 10-state sweep to find unlicensed contractors and other alleged violations of contracting regulations. The National Association of […]
Only a principal broker can hire a licensed personal assistant By Jeff Sorg, OnlineEd Blog (June 11, 2018) (PORTLAND, OR) Jeff Sorg, OnlineEd – A licensed personal assistant can carry out the same activities as the employing principal broker. The principal broker should enter into a written agreement with the assistant defining the direct supervision and control […]