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HousingWireHousingWire Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024….
Continue reading →HousingWireHousingWire The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. The scam, dubbed “Green Mirage,” involves callers contacting homeowners who oftentimes “have previously sought relief from their actual…
Continue reading →HousingWireHousingWire After a month of no movement, homebuilder confidence is back on its upward trajectory. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose one point in January to a reading of 47. The trade group attributes the jump to builders having a more optimistic attitude as they anticipate…
Continue reading →HousingWireHousingWire “The standard of living of the average American has to decline,” he said. “I don’t think you can escape that.” These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volcker’s predecessors, Arthur Burns and William Miller, had …
Continue reading →HousingWireHousingWire The National Association of Realtors (NAR) announced Wednesday that it has appointed Jarrod Grasso as its senior vice president of industry relations, a new position created to engage with state and local Realtor associations, in addition to individual Realtors. NAR’s reputation has been under attack over the last few…
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