In case you just woke up from a long, long sleep, today’s housing market is extremely competitive for homebuyers. How are your buyer’s agents doing? Do you have the tools to help them succeed? To help managing brokers support their buyer’s agents in these challenging times, I would like to share a few insights we gained from our annual membership survey, plus several related recommendations that we are discussing in our member communications.
Federal regulations protecting tenants and homeowners from evictions and foreclosures have lifted, expiring on July 31. However, several housing agencies, including the U.S. Department of Agriculture (USDA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and Federal Housing Finance Agency (FHFA), have extended their foreclosure-related eviction moratoria until Sept. 30.
The American Society of Appraisers (ASA) has expressed its disappointment in the exclusion of appraisals professionals during the Department of Housing and Urban Development’s (HUD) latest event on bias surrounding the home valuation process.
“This marks the second event of its kind that has excluded appraisers or their representatives from these important conversations. On June 15, the Consumer Financial Protection Bureau held their own valuation bias event, absent any meaningful input from the appraisal profession,” read an ASA statement.