Appraisal Institute’s 2013 Annual Fall Conference

Pacific Appraisers commercial team attended this years Appraisal Institute’s 2013 Annual Fall Conference.The conference featured  important real estate topics such as retail, office and industrial market updates, business valuations, special purpose properties, Net Zero Energy buildings, valuing agricultural properties and water rights, and appraising high-end residential properties in a rebounding market. For additional information regarding the session topics and all of the presenters, please refer to the Fall Conference Brochure.

HAPPY LABOR DAY!! From all of us here at Pacific Appraisers!!

California June Home Sales

An estimated 41,027 new and resale houses and condos sold statewide last  month. That was down 6.9 percent from a revised 44,087 in May, and down 3.5  percent from 42,513 sales in June 2012… full story

California Home Sale Price Medians

Click the link below to view median home prices in you or your client’s market area. You can also navigate to additional county & state charts from this page. http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. (July 10, 2013) – Mortgage applications decreased 4.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 5, 2013.  This week’s results included an adjustment for the July 4th holiday.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) increased to 4.68 percent, the highest rate since July 2011. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) increased to 4.86 percent, the highest rate since July 2011.

Click here for link to full story: http://www.mortgagebankers.org/NewsandMedia/PressCenter/84990.htm