Many appraisers if not all appraisers have recently been asking me questions about how to fill out the new Market Conditions Addendum or Form 1004MC. I have found this website and wanted to share this information with everyone in order to assist the appraisal community with using this new monitory form.
Please click on the link below for more information and instructions.
Click Here
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Wednesday, April 15, 2009
Tuesday, April 7, 2009
Texas top growth state
Texas has 10 of the top 25 fastest-growing counties in the country, putting the Lone Star State ahead of second-place California, which has six counties in the top 25, and Arizona and North Carolina, which have two counties each. Texas counties making the top 25: Harris (No. 2), Tarrant (5), Bexar (10), Collin (12), Dallas (13), Travis (14), Fort Bend (18), Denton (21), Williamson (23), and Hidalgo (24). Analysis of the latest U.S. Census Bureau data between July 2007 and July 2008 was conducted by the Capital Area Council of Governments.
Source: Real Estate Center at Texas A&M
Texas claims 3 of 4 “up” markets
While home prices nationwide fell 11.6% in January compared to a year ago, Texas had three of the only four housing markets in the country where homes actually increased in value. Austin-Round Rock had a 3.9% increase in housing market value, Houston-Sugar Land-Baytown home values jumped 3.6%, and Dallas-Plano-Irving grew by 1.5%. Statewide, home prices rose nearly 2%, according to a report compiled by First American CoreLogic.
Source: Dallas Morning News
Source: Dallas Morning News
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