Appraisal Today

SEPTEMBER 23, 2022

Using recent September data, loan applications are below the levels in 2019 and still dropping. Loan applications went up this week but are still below 2019 levels. To read more of this long blog post with many topics, click Read More Below!! The average contract interest rate for 15-year fixed-rate mortgages increased to 5.40

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Birmingham Appraisal

MAY 11, 2022

The amount of time a home stays on the market before going under contract continues to decline as buyers snatch up what limited inventory is available. The post A Quick Look At The Birmingham Housing Market: First Quarter 2022 appeared first on Birmingham Appraisal Blog. What Happened to the Birmingham Housing Market in 2019?

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Housing Market Marketing Inventory Buyers 52

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Compared to 2019, millennials are spending 60-percent more on home improvement and doing on average 30-percent more projects.”. appeared first on Cornerstone Blog. projects, followed by Gen X at 2.8 per household.

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Renovations Home Improvement Loan Officers Real Estate Agent 41

Birmingham Appraisal

JUNE 28, 2022

From 2019 to 2021 the percent of Active Listings in Jefferson County with price drops had decreased, however, in mid-April of this year, the trend has continued to rise and has surpassed the past 4 years to 4.4%, compared to the low last year of 2.5%. appeared first on Birmingham Appraisal Blog.

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Real Estate Marketing Inventory Sellers 52

McKissock

SEPTEMBER 15, 2020

Editor’s note: This blog post was originally posted on January 18, 2019. He has also has served as a contracted expert witness appraisal reviewer for the Pennsylvania Department of State. It has been updated slightly. Written by Dan Bradley. The post 8 Common Violations Made by Appraisers appeared first on McKissock Learning.

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Appraisal Today

FEBRUARY 24, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.98

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Will Springer Realtor

SEPTEMBER 26, 2023

is $255,000, compared with a renter’s average worth of about $6,300, according to 2019 data from the Federal Reserve. Many maps, deeds and contracts are recorded in the county registry and they include property transactions. We know from history that homeownership is the best form of asset-building in our country. Beginning Jan.

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Law Buyers Government Contracts 36

Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. 2018 and 2019 depict the paths of what was a ‘typical’ market prior to the pandemic. The 2022 trend line is likely to mirror that of 2019, albeit at a lower scale, but with peaks in June and later in the fall.

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Housing Market Bracketing Marketing Sellers 65

Will Springer Realtor

MAY 18, 2021

(This is an updated post from one originally published in January 2019.). In the case of the initial deposit, sellers who have agreed to accept an offer are expecting the buyer, as the contract from the Northwest MLS states, “deliver the earnest money by the delivery date” listed on the first page.

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Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Contracts Appraisal Mortgage Inspection 84

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements.

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Easement Contracts Appraisal Inspection 52

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 10/6/17. They don’t start building until you contract, meaning you generally will have a 6-12 month wait time until you’re ready to close. The post The 3 Types of Builders: Tract, Spec and Custom appeared first on Hood Homes Blog. The Three Types. Harder to Visualize.

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Housing Wire

JANUARY 11, 2022

Rodman Schley, president of appraisal trade association the Appraisal Institute , called the Federal Housing Finance Agency ’s findings, which it presented in a December blog post , “unacceptable,” and said more work is required to recognize and interrupt unconscious bias. But for appraisers, the blog post left many questions unanswered.

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Appraisal Today

JULY 29, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. With four bedrooms and 4.5 percent from 5.82

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Real Estate Agent Real Estate Appraisal Agents 52

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. In our current market, if an appraisal comes back below contract price: It’s common for a seller to request that a buyer pay the price difference. Home values are climbing at nearly historic levels.

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Sellers Buyers Appraisal Loan Officers 57

Will Springer Realtor

APRIL 10, 2024

For more news on this topic, please visit my Living the Dream blog for an ongoing series to celebrate Earth Month. BY THE NUMBERS >> Compensation received by a buyer broker affiliated with our local MLS fell an average of four-tenths of a percent each year between 2000 and 2019. Seattle is also No. King ranked No.

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Real Estate Buyers Sellers Insurance 36

Appraisal Today

JUNE 24, 2022

Those topics are fodder for other lengthy blog posts all by themselves. To read more of this long blog post with many topics, click Read More Below!! What’s the difference between the Appraisal Today free weekly email newsletters in this blog and the paid monthly newsletter? Click here for more info! percent from 5.65

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Appraisal Contracts Mortgage Real Estate 52

Will Springer Realtor

MAY 13, 2024

>> The number of people working in downtown Seattle offices is about 52% of the daily foot traffic seen in 2019 – a year before the start of the pandemic. About three-quarters of the 459 residences are under contract with a target opening late this year. see my video blog post ). Prices rose, too, to near-record highs.

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HOA Transportation Construction Buyers 36

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 4/9/2018. In the Contract. Your option period is the time to do your due diligence A buyer has very few “outs” from the contract after the option period ends Pay attention to the title commitment, pest inspection, and deed restrictions for issues. Texas Seller’s Disclosure Law.

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Inspection Sellers Agents Law 54

Appraisal Today

SEPTEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on MLS hacked, Wells Fargo discrimination, unusual homes, mortgage origination = $274K Bedford, Pennsylvania Mansion Comes With Its Own Jail Excerpts: 5 bedroom, 1.5+ The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 6.72

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Appraisal Contracts Mortgage Real Estate 77

Simonson Real Estate

JULY 10, 2020

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. Mitchell Simonson, MAI has been in commercial real estate for 16 years and founded Simonson Appraisals on January 1, 2019.

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Appraisal Process Appraisal Market Value Tenants 148

Lamacchia Realty

DECEMBER 21, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Sales are up in every category, however, when we compare November 2021 to the same timeframe in 2019- a market not impacted by the pandemic. Just like sales, 2021 prices are up higher when compared to 2019 as well by 24.2%

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Portland Appraisal Blog

AUGUST 3, 2019

Data was pulled from the year 2000 to the July 2019. Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract. The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author.

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Architecture Contracts Marketing Advertising 78

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Check out my blog post on the topic. Another sale followed 11 days later and six others are under contract preparing to close.

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Construction Supply Chain Real Estate Development 36

Portland Appraisal Blog

AUGUST 11, 2019

Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract. This column, while not as important as the first one, still yields important insights as to the direction of negotiations.

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Contracts Advertising Construction Marketing 78

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. So, multiple years of rates staying higher will get us slowly back to 2019 levels. “If

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Portland Appraisal Blog

DECEMBER 1, 2019

Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties under contract than waiting for an offer. This column, while not as important as the first one, still yields important insights as to the direction of negotiations.

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Contracts Advertising Construction Marketing 78

Will Springer Realtor

OCTOBER 11, 2023

King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year. The home, which has only had three owners, has been on and off the market since May 2019 when it was first listed at $11M. . >> The rate of homelessness in the U.S.

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Portland Appraisal Blog

JULY 27, 2019

Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract. This column, while not as important as the first one, still yields important insights as to the direction of negotiations.

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Contracts Advertising Marketing Appraisal 78

Will Springer Realtor

DECEMBER 13, 2022

14 – after the publication of this blog post – when it will likely announce another rate rise.). My blog post on how mortgage rates are set is a good side topic.). In his estimate: “Homebuilding’s going to contract.”. Homes go under contract in a median 20 days, up an additional 11 days from only a month earlier.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MARCH 14, 2023

Still, home appreciation remains solidly higher between 2019 and today, at least out West. Since the end of 2019, prices have increased more than 40% in the U.S., The actions are fueled by a growing number of buyer contract cancellations, rising to 68% of all KB Home deals in Q4, up from only 13% in the same period a year ago.

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

DECEMBER 14, 2021

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). in the 12 months ending in August 2021 and it follows strong double-digit activity 2014-2019. Consumer prices are going up and up – 6.5%

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. The number of unsold (Active) listings in King is 49% fewer today than on July 1, 2019. However, that’s only up 7% year-on-year (YoY) and is half the level from June 2019.

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Housing Market Buyers Inventory Real Estate 36

Quicken Loans

JUNE 10, 2021

Because April 2020 was in the teeth of the pandemic shutdowns, it’s more fair to look at April 2019. If you compare that to April 2019, the pace was only 673,000 sales. This is slightly faster than the pace we found ourselves on in April 2019 when there were 1.312 million completions to go with 1.235 million starts.

Real Estate 38

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Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. times more than at the end of 2019. Scary, indeed, but are these signs of a pending housing recession? by the end of 2024.

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Finance Inventory Construction Buyers 68

Will Springer Realtor

JULY 12, 2022

Currently, homes under contract (Pending sales) are down 19% YtD across King and by 20% for single-family homes, including down 36% in the combined neighborhoods of Magnolia and Queen Anne. The number of homes for sale in King (4207 as of July 1) is higher than at any time since October 2019, as this chart shows.

Housing Market 41

Housing Market Marketing Buyers Contracts 41

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The number of single-family homes going under contract (Pending sales) fell 8.7% The market has, ahem , evolved in the four years since.

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Sellers Buyers New Listings Inventory 60