New Appraisal Standards Could Change Transactions

A nationwide overhaul of appraisal reporting is underway, bringing more detailed property data and standardized reporting requirements.

No Contemplated Interest When Appraised

When Realtors prepare a value or price opinion, other than in pursuit of a listing or to assist a potential buyer in formulating a purchase offer, the opinion must include any present or contemplated interest, including the possibility of representing the seller or buyers.

Survey finds lifestyle buyers remain active, but more cautious

Buyers interested in lifestyle-focused, master-planned communities continue to show strong interest in relocation markets, particularly in warm-weather states. They're financially secure, expect to pay cash for their next home and are more deliberately researching their choices.

Consumers cut back spending, but housing interest holds up

Consumers grew more cautious about spending in May as inflation remained elevated, but interest in existing-home purchases held up better than broader consumer sentiment.