Appraisals and the new HVCC

On May 1st, 2009 the Home Valuation Code of Conduct [HVCC] went into effect. This new program sounds like a good idea on first glance but has some serious flaws. FAQ on HVCC guidelines HERE. Basically it prohibits lenders from choosing an appraiser, they now have to...

Sales Volume Report – July 2009

728 homes were sold in Portland in June, up from 571 in May. I had predicted 600 and this is one of those times I’m happy to be wrong! While not quite up to last years numbers this is a good sign considering where we were at a few months ago. Average sold price...