Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

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Housing Wire

AUGUST 3, 2021

growth is the largest annual growth reported since 1979, as supply and demand pressures endure and construction costs continue to rise, said Frank Nothaft, CoreLogic’s chief economist. The markets expected to see the largest increases in home prices in the next 12 months, per CoreLogic, are San Diego, California (+11.5%

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Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here.

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Appraisal Today

APRIL 12, 2024

Tax Appeal Support: When there is a challenge to a tax assessment, a desktop appraisal may be used to provide a current market value. 40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. baths, 14,450 sq.ft.,

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Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” I am so glad I quit doing residential lender appraisals in 2005! =

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Appraisal Today

SEPTEMBER 22, 2023

Very few AMC appraisers today want to do the marketing required or learn how to do them. I have lots and lots of marketing tips in my monthly newsletters. In my high value market, 18% of the sales were cash sales. Add it up and I estimate that 35% of the sales in my market did not require an appraisal. I understand.

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Appraisal Today

SEPTEMBER 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Built from concrete, glass, and burnt wood, the Sleeve House is on the market for $2,275,000. While the market share is small, there exists potential for expansion.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. Real estate market? ==.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

NOVEMBER 17, 2023

acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA. Thorne, was best known for his use of steel in residential construction. To plan for the future, I decided never to have a big staff again as I was unwilling to do all the marketing required.

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Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. Excerpts: Built 1990 | 6,106 Sq.

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Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. At the same time, many others found themselves reluctant to market their homes amid a fear of not having a clear replacement strategy. days (November 2021). =.

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Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. For Massachusetts, I had predicted in my 2021 Predictions that it would be the biggest year for overall home sales since 2005 and even though the final numbers aren’t in yet, it looks like my prediction will be right on. 2021 Recap.

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Sellers Inventory Buyers Realtors 74

Appraisal Today

FEBRUARY 24, 2023

Some local markets and some appraisers are still fairly active. The variance between local markets and individual appraisers is stark. In the early 1990s, my market crashed. In 2005 I finally quit all residential lender work due to the huge ups and downs in business. The experience of appraisers varies widely. Retraction.

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