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Opteon Announces Acquisition of Northeastern Appraisal Associates

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Acquisition strengthens leading nationwide Appraisal Management Company’s footprint in Northeast Opteon, a leading international provider of valuation, advisory, and property services, has announced its acquisition of Northeastern Appraisal Associates Residential (NEA), a Buffalo, New York-based appraisal management company (AMC) and staff appraisal firm. This partnership expands Opteon’s presence in the Northeast, strengthening its nationwide service offerings and faster turn times in the fourth largest US real estate market. Northeastern Appraisal Associates

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WORD OF THE DAY: Imprest

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[IM-prest] Part of speech: Noun Origin: Italian, mid-16th century Definition: A fund used by a business for small items of expenditure and restored to a fixed amount periodically; a sum of money advanced to a person for a particular purpose. Examples of Imprest in a sentence “The business has a specific imprest fund.” “Charlotte was clear that she was offering her friend an imprest for her bills.” About Imprest This term stems from the earlier

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Redfin Reports Asking Prices Come Down from All-Time High

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A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it

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WORD OF THE DAY: Pleonasm

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[PLEE-ə-naz-əm] Part of speech: noun Origin: Greek, mid-16th century Definition: The use of more words than are necessary to convey meaning (e.g. see with one’s eyes), either as a fault of style or for emphasis. Examples of Pleonasm in a sentence “I enjoyed the book despite the author’s tendency toward pleonasm.” “Karen edited her papers carefully to cut out all pleonasm.” About Pleonasm Pleonasm originated in Greek by way of Latin — specifically from the

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RISING PRICES AND MORTGAGE RATES MAKE HOMEOWNERSHIP UNAFFORDABLE ACROSS MOST OF THE U.S.

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Nearly One-Third of Average Wages Required for Major Home-Ownership Expenses During Second Quarter of 2022; Portion of Wages Consumed by Home Ownership Rises at Fastest Pace This Century; Historic Affordability Plummets to 15-Year Low as Median Home Price Hits $349,000 and Mortgage Rates Top 5 percent ATTOM, a leading curator of real estate data nationwide for land and property data, released its second-quarter 2022 U.S. Home Affordability Report, showing that median-priced single-family

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S&P CORELOGIC CASE-SHILLER INDEX REPORTS ANNUAL HOME PRICE GAIN OF 20.4%

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S&P Dow Jones Indices (S&P DJI) released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released for April 2022 show that home prices continue to increase across the U.S. More than 27 years of history are available for the data series and can be accessed in full by going to https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/. YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all

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