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| JULY 2003 |
A Publication of
ELLIOTT® & Company Appraisers |
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NAHB Releases
Housing History Brochure |
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 The
National Association of Home Builders (NAHB), a Washington-based trade
organization representing over 205,000 members, recently published a
report that reviewed gains in U.S. housing throughout the 20th century,
entitled “A Century of Progress.”
According to the report, in 1900 most houses were purchased with cash
because long-term amortized loans were not available. Houses were
typically two-story and tended to range from 700 to 1,200 square feet of
floor space. They tended to have two or three bedrooms, but only one
bathroom – if any.
Most houses built in 1950 had two bedrooms and one bath and were 1,000
square feet or less – all on one story.
Now the typical new house is back to two stories. They are larger than
ever, averaging about 2,265 square feet, three or more bedrooms, 2 ½ baths
and a garage for two or more automobiles.
Homes in 1900 averaged less than $5,000 in cost. In 1950 the average price
of a new home was about $11,000. That figure had risen to $206,400 in
2000.
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VA Appraisal
Bill Faces Lack of Support |
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 A
proposal to let military veterans decide on the appraisers who perform
assignments is having its problems in the House Committee on Veterans Affairs,
according to a report from the Appraisal Institute.
The Veterans Appraiser Choice Act was introduced last spring with Rep. Adam
Smith (D-Wash.) as its sponsor. If passed, this bill (H.R. 1500) would give
veterans the right to choose the appraiser when they apply for a home loan that
would be guaranteed by the Secretary of Veterans Affairs.
Both the Appraisal Institute and the American Society of Appraisers testified in
opposition to the bill before the committee last month. They alleged that, if
enacted, the legislation would jeopardize the independence of the appraiser, add
additional risk to the transaction at the veteran’s expense and, perhaps, slow
down the loan process. |
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Quotes
of Wisdom and Wit |
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“Just as houses are made of stone,
so is science made of facts. But a pile of stones is not a
house, and a collection of facts is not necessarily a science.”
– Jules Henri Poincare
“Research is to see what everybody else has seen, and to think
what nobody else has thought.”
– Albert Szent-Gyorgi
“The pen is mightier than the sword, and considerably easier to
work with.” – Marty
Feldman
“All are lunatics, but he who can analyze his delusions is
called a philosopher.”
– Ambrose Bierce
“What counts is not necessarily the size of the dog in the
fight; it’s the size of the fight in the dog.”
– Dwight Eisenhower |
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ELLIOTT® & Company Appraisers
currently offers appraisal service throughout all 50 of the United
States. Clients are encouraged to place orders directly to any
office local to properties to be appraised or to the central office
for assignment.
Orders may
be placed via telephone, fax or through the company's Web site. All
Internet orders will be processed through the central office.
Some
Offices Are Independently Owned and Operated
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3316-A Battleground Avenue
Greensboro, NC 27410
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