Sellers See Biggest Profits Since 2007Daily Real Estate News | Friday, February 03, 2017 Homeowners who sold in 2016 saw an average home price gain since purchase of $38,206 – or a 21 percent, on average, increase since purchase, ATTOM Data Solutions repots in its Year-End 2016 U.S. Home Sales Report. That's up from an average 13 percent gain in 2015, and it is the highest increase since 2007. http://realtormag.realtor.org/daily-news/2017/02/03/sellers-see-biggest-profits-2007?om_rid=AAOApi&om_mid=_BYlN2$B9YC-m8e&om_ntype=RMODaily President Trump Seeks to Dismantle Dodd-FrankDaily Real Estate News | Friday, February 03, 2017 President Donald Trump reportedly will sign an executive action Friday to scale back the regulatory system that was put in place in 2010 in response to the financial crisis. The Trump administration has set out to remove what it views as regulatory burdens by overhauling mortgage financing giants Freddie Mac and Fannie Mae and easing lending regulations. http://realtormag.realtor.org/daily-news/2017/02/03/president-trump-targets-dismantling-dodd-frank?om_rid=AAOApi&om_mid=_BYlN2$B9YC-m8e&om_ntype=RMODaily selection of comparable salesIf a property is located in an area in which there is a shortage of truly comparable sales, either because of the nature of the property improvements or the relatively low number of sales transactions in the neighborhood, the appraiser might need to use as comparable sales, properties that are not truly comparable to the subject property. In some situations, sales of properties that are not truly comparable may simply be the best available and the most appropriate for the appraiser’s analysis.https://www.fanniemae.com/content/guide/selling/b4/1.3/08.html Thanks!
Curtis D. Harris, BS, CGREA, REB
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