Eppraisal

AUGUST 9, 2022

This was a similar story back in 2008. Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Sound familiar?

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Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8%

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Housing Wire

MAY 9, 2022

Home-price growth has seen many levels post-1996; the reality is that demand has been stable enough to keep inventory at bay (outside the housing bubble credit boom and bust). This is why I believe Canada and other parts of the world have had continued home-price growth, while the U.S. had to deal with its credit bust.

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Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history.

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Eppraisal

OCTOBER 5, 2022

Premium Prices The housing market continues to display high, premium home prices. Home values are not going down anytime soon however inventory of homes available for sale is increasing. Even so, there are still many home buyers out there. This is taking some buyers out of the market to purchase a home.

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Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

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Birmingham Appraisal

JANUARY 11, 2023

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. With increasing inventories, it is important for sellers to listen to the market when pricing their homes for sale. A Look At The Housing Market in 2022.

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Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. We didn’t see a wave of panic selling like we did in 2008.

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Eppraisal

MAY 12, 2021

This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. NAR statistics cite that across the country the average number of offers on an existing home is between two and six. According to Zillow.com the average home value will rise as high as 13.5%

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Sellers Real Estate Buyers Home Value 67

Housing Wire

AUGUST 28, 2020

Used in conjunction with listing presentations, these tools take recent sales, current inventory and list pricing, market absorption and a variety of other factors into account to help you determine the right price. But perhaps even more importantly, they help you show the homeowner the value you bring to them.

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Cleveland Appraisal Blog

APRIL 29, 2021

Buying a property is not just about creating a home, it is making a long-term investment. Generally speaking, real estate is one of the most secure investments you can make, and bar any situations like the crash in 2008, you are pretty much guaranteed a constant increase in value and desirability. So, stayed tuned.

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Eppraisal

APRIL 27, 2021

Today's Market Home values have been rapidly increasing over the past year. This is mostly due to the low inventory of homes available for sale. The National Association of Realtors estimates that the annual median home prices will increase by 8% in 2021 and by 5.5%

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Eppraisal

AUGUST 16, 2022

Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders. As of July of 2022, applications for home financing -- especially refinances -- sit at a 22-year low.

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Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. 2) Lack of Comparables – It’s no secret that housing inventory has been dwindling over the past several years. Because of the lack of inventory sales volume has been down.

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Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. And housing prices are still up! “In It was crazy.

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Housing Market Real Estate Marketing Buyers 36

Cleveland Appraisal Blog

FEBRUARY 4, 2021

”, posted by EarthSky in Human World , according to the National Oceanic and Atmospheric Administration, from 2008 to 2018, our groundhog friend has only been accurate 40% of the time. While these sites offer some great information, when it comes to the accuracy of home values, they are all over the place.

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Advertising Valuation Appraisal Renovations 198

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. If there’s a surge of foreclosures, will home values start to decline?

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Housing Wire

MARCH 23, 2022

Year-over-year, new home sales were down 6.2% Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. in February. This is an increase of 3.3%

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Houston Properties

JANUARY 12, 2022

SUMMARY: Our greatest concern is that last year’s euphoria (home sales are up 13% and total dollar volume is up 28%) led to some really risky deals that violated the 9 Kisses of Death – the 20-year research study of what NOT to buy in Houston. Disadvantaged homes sell more slowly or at larger discounts. With less than 1.6

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Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

MAY 19, 2023

. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008? There were a lot of foreclosure appraisals starting in 2008. Also, in 2008 there were some direct lender opportunities as AMCs had not taken over completely. There are very few direct lender appraisals now.

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Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. Humans, including appraisers, don’t like change. “The

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Appraisal Today

JUNE 17, 2022

Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. Computer modeling did not predict the 2008 crash. Did anyone think in early 2020 that home values all over the country would go off the charts? percent – the highest level since 2008. percent of total applications from 32.2

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Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. The data below covers the “average Houston home.” Get a free home valuation for your house and trends in your neighborhood. We saw historically low home inventory buoyed by low-interest rates.

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Housing Market Marketing Real Estate Realtors 68

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. Marketing Strategies.

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Will Springer Realtor

DECEMBER 8, 2021

Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. short of providing homes for purchase to those who want one. >> This month’s headline: Inventory is at drought levels while median prices were little changed month to month.

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Housing Wire

AUGUST 8, 2023

The California housing market in particular has been extremely slow, with inventory at all-time lows and few home sales. In June , existing, single-family home sales declined 4% from May and 19.7% Since the Global Financial Crisis in 2008, depositary lenders have been the target of increased regulatory scrutiny.

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