Day: November 21, 2018
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NAWRB Wishes You a Happy Thanksgiving!
NAWRB wishes you and your family a wonderful Thanksgiving Day this Thursday, November 22nd. Arguably the most tastiest holiday, Thanksgiving is a national holiday that began as a celebration of the year’s harvest and was first celebrated by Pilgrims after their first harvest in the New World in 1621. Today, Thanksgiving is a day spent…
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FDIC Proposal Exempts Residential Real Estate Transactions of $400,000 or Less from Appraisal
On November 20th, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking that will raise the threshold for residential real estate transactions that require an appraisal to $400,000, from the current level of $250,000. This proposal is a response to concerns that the current threshold is not reflective of price appreciation and…