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Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery; HVCC a problem, Says NAR

Dennis Norman

By: Dennis Norman

The best available tool for sustaining the still-fragile housing market is the $8,000 homebuyer tax credit, (expires November 30) and it is essential that Congress extend the credit into 2010, the National Association of Realtors® testified at a hearing of the U.S. House Small Business Committee yesterday.

NAR Regional Vice President Joseph

Continue reading… Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery; HVCC a problem, Says NAR

Freddie Mac issues bulletin; addresses appraisal issues

By: Dennis Norman

It seems the most common “deal-killer” today are issues related to appraisals.  One frequent complaint from REALTORS(R) is that as a result of  HVCC (Home Valuation Code of Conduct) and increased use of AMC’s (appraisal management companies) appraisers are being assigned to do appraisals on transactions in a market they are not familiar with

Continue reading… Freddie Mac issues bulletin; addresses appraisal issues