Raleigh, 27601, homes sold within a 5 mile radius and in the past 90 days averaged 276k but I'm using 175k.

I grew up about 30 miles from there.

My lender is nervous over having to find 3 comps 1.5 miles from my residence within the past 90 days.

Well, I felt bad so I went the extra mile and bother live chat to try to get your answer.

In a market that is declining 4% a month, by the time we get to the end buyer’s appraisal even if we have multiple willing buyers to purchase at asking price, we can’t get the appraisal to comp because FHA underwriters are asking for additional comps above our asking price that are 45 days old or less and ¾ mile radius or less.

Thanks I am vicious, I buy a list from my RE agent friend of all homes in a 30 miles radius for sale on the MLS under $135,000 90 days on market.I mail to the home owners every month non stop.

JS happens to work for EWI; he specializes on investing in foreclosures at a distance (sometimes 100s or 1000s of miles from where he is); and he's also into commercial RE and developing.

The nearest populated area from me is about 1oo miles away.

I'm looking at a 4 br place in a residential neighborhood (TX), so it's nowhere near a college or anything, although it's a couple miles from a community college.

I have spoken with realtors with MLS access, as well as done my own sales price research at town hall in transaction data, and the appreciation rate for the townhouse development is the best in about a 20-mile area.