Fears of higher rates have slammed stocks in the housing sector this year. The nationwide average 30-year mortgage jumped to a seven-year high of 4.61% in May from a low of 3.78% last year. The Fed has signaled more rate hikes on the way and the market is pricing in a 44% chance the FOMC […]
Home builder sentiment slipped some in a new April survey by the National Association of Home Builders and Wells Fargo, but industry confidence remains at healthy levels. The NAHB’s HMI index came in at 68, down three points from March’s 11-year high. Industry sentiment is strong if the index is more than 50. Home builder […]
How to value Fractional Interest in Real Estate ~ Partitioning costs. “How do I divide or value property that is owned as Tenants in common Imagine that you own a property or a parcel of land with another person – a sibling, a friend, or a spouse. But then your interests diverge; you and […]
We are pleased to announce that for the second year in a row, Johnson Appraisal Group was voted among the top 10 Appraisal Firms in Arizona by, “Ranking Arizona.” The Best of Arizona Businesses. Thank you to our clients, colleges and friends for voting for us.