. - As a realtor and investor in the Destin area, we do typically see a slight rise in inventory as we enter the off-season in the end of August.

NonQM loans aren't as regimented as conventional/govt, but the investors are much less likely to budge when there are red flags, such as a significant difference between two appraisals.

Is this a conventional loan?

Turning a corner with more inventory, more sales, still higher prices reflecting strong demand.Median Price: $660,000, +7.06% Yoy.Closed Sales: 3,615, +8.92% Yoy.12 month Closed Sales: 38,005, -13.85% Yoy.YTD Closed Sales: 13,004, +9.02% Yoy.Inventory: 5,896, +26.31% Yoy.YTD Inventory: 21,298, -10.88% Yoy.New Listings: 6,146, +15.96% Yoy.YTD New Listings, 20,237, +7.49% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days On Market 38, -13.74% Yoy.

I just want to know if there is an industry standard or convention in this situation for how these things are divided up between the PMC and on-site management.

Hi Nicholas, The DC metro area, including Harford County, MD, has seen strong demand and limited inventory, which can drive prices up.

There is just a ton of inventory so you have to weed through the break even/second home only properties.

It has been a mix of 1 Conventional, 2 DSCR, 1 Seller Finance, 1 Cash out Refi and 1 Fix and hold. 

There is more inventory but still an elevated demand for both affordable and luxury vacation rental eligible prime homes. 

It's definitely harder to find deals today given lower inventory and lots of competition.