|
May 2012 Impact Newsletter Download (PDF)
April 2012 Impact Newsletter Download (PDF)
March 2012 Impact Newsletter Download (PDF)
February 2012 Impact Newsletter Download (PDF)
January 2012 Impact Newsletter Download (PDF)
BUILDERS: LIST YOUR SALES WITH THE MULTIPLE LISTING SERVICE
Twenty-six percent of builders are seeing signed sales contracts fall though the cracks because appraisals on their homes are coming in below the contract sales price, according to a nationwide survey conducted by NAHB.
The survey showed that nearly 60% of the builders are reporting that inadequate appraisals are causing serious problems in the market, with the biggest problem being comparables of new single-family homes that are too often based on foreclosures and distressed sales.
Of those who are reporting appraisal problems, 54% said that the appraisal amount was actually less than the cost of building the home.
The HBA of Fort Wayne has been contacted by a number of local lenders asking us to please encourage our builders to list new sales on the MLS so that appraisers have comps.
Call the HBA if you have questions.
“Associate of the Month” column – If you are interested in being featured as the “Associate of the Month” and have not been featured in the last three years, please contact the HBA Office to sign up. We will accept companies on a first-come basis. Spots are available for December 2008 thru December 2009. Articles are free of charge and are due by the 10th of the month for the following issue. Call the HBA office if you have questions – 420-2020.
The Evidence Is In: Housing Pays for Itself
The Home Builders Association of Fort Wayne (HBA) recently unveiled a housing impact study for the Fort Wayne area that shows housing has a huge economic impact on our community... Read report (PDF)
Allen County Housing Study
Report 1 (PDF) — Report 2 (PDF)
|
