Posted To: Pipeline PressEveryone, and their brother, knows that the costs for builders to build a home are increasing. Politics aside, it turns out that the tariff changes are indeed impacting the cost of remodeling and building, and NAHB released a list of products affected by tariffs, including nails. Did you know that, per a Freddie Mac poll, 78% of Americans now say that renting is more affordable than owning? Higher rates and home prices are the obvious factors although in some areas wage growth has overtaken house price appreciation. New rental supply, on the other hand, has hit a three-decade high. Appraisal and valuation news In 2017, more than six million homes were sold in the U.S. and there were more than two million licensed real estate agents. By contrast, there were only about 80,000 appraisers. The…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631