The National Association of Home Builders is fighting back against the use of distressed properties in appraisals of new homes. NAHB Chairman Bob Nielsen points out that the two are fundamentally different. Obviously, distressed properties have not been maintained or updated if they are distressed, but a new home would have all of the latest features, energy efficiencies and warranties. To get home building back to levels that will actually assist our struggling US economy, new homes are going to have to appraise for realistic values.
Read the entire article at “Distressed Properties Don’t Compare With New Homes, Nielsen Tells Appraisers,” National Association of Home Builders (Nov. 7, 2011)
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North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.
The North Eastern Group is pleased to announce that by the end of the week work will be complete on phase I of this already very popular NW Allen County community. We have commitments on almost 1/3 of Section I. That is because this project was masterfully and carefully planned to optimize the appeal, view, privacy and...
Daily Real Estate News | Thursday, November 10, 2011 Nearly seven out of 10 American—seven more so for the millennial younger generation — say that candidates’ positions on housings will be very important to them in the 2012 presidential and congressional elections, according to a new survey by Move Inc. of 1,000 adults. Survey respondents...