Boston traffic is tough, getting tougher. This long expansion has had long legs, big strides made. Those brake lights we see every morning, noon, and night: are they telling us anything?
As I write this column, the Massachusetts legislature is considering a bill that would require anyone who performs a real estate appraisal to hold a valid appraiser license or certification.
When did format become as important as content or substance. With regards to appraisal reports and I’m sure other industries as well, there is way too much time, energy, personnel and money being spent to ensure that the format of almost every field in the report is uniformly applied by all appraisers.
However, upon reading an article in the February 9 issue of this publication, I changed my mind, as I was compelled to figure out why anyone would call an appraiser an “intellectual idiot.”
It’s finally happening. Residential mortgage rates are moving up, as rates increased for the fifth week in a row. The Federal Reserve had hiked interbank lending rates four times last year, but, during that period, bank lending rates did not increase significantly.