The Appraisal Blog

So Canada is banning foreigners from buying homes!  There are some exceptions... refugees (of course) and permanent residents (who are for all intents and purposes citizens).  But is this the right move?  Will it reduce foreign business investment if their employees must either be residents or renters?  As a free market proponent I'm thinking the later.  What do you think?

https://news.yahoo.com/canada-bans-most-foreigners-buying-211909539.html

Are pocketing listings prevalent in your area?  If you are having a tough time finding a house and have an agent who works the neighborhood you are looking to buy in, they can be beneficial.  Of course the flip side is if you don't have that agent you could miss out on certain properties.  The agent gets to double end the deal, but is it worth it?


https://www.housingwire.com/articles/nar-bans-pocket-listings/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_source=hs_email&utm_medium=email&utm_content=80023548&_hsenc=p2ANqtz--bTRwl0X92xfHe0VEkJuCscVn13e2EzVLqqPsweOpA4qc4S2WV9q339akdoctUch6Qrk7e5mH1u3aoxkEckdOHadbsAQ&_hsmi=80023548

Zillow estimates 27% (or 20 million) owner occupied homes will be released into the market over the next 17 years.  This is should bring some relief to the shortages we are currently experiencing...



https://www.housingwire.com/articles/zillow-says-housing-market-will-open-up-after-silver-tsunami/

Happy Veterans Day!  And as a VA appraiser here is Southern California ... here are a few tips for veterans considering using the VA home loan program.  Thank you for your service!!



https://www.redfin.com/blog/veteran-home-buying-tips?utm_source=Iterable&utm_medium=email&utm_campaign=1018510