Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. appeared first on Birmingham Appraisal Blog. Is it a sale or is it a comparable?

Construction 81

Construction Appraisal Process Appraisal Bracketing 81

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. 2018 and 2019 depict the paths of what was a ‘typical’ market prior to the pandemic.

Bracketing 63

Bracketing Marketing Sellers Buyers 63

Lamacchia Realty

JUNE 21, 2022

As you can see in the chart below, the red line indicates that 2022 began with the highest absorption rate of available inventory in the past 4 years but over the past 8 weeks has dropped to right around the same rate or lower than last year and we expect it to be going down more. Consider the Price Brackets. See chart below.

Housing Market 64

Housing Market Bracketing Marketing Sellers 64

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. appeared first on Birmingham Appraisal Blog.

Construction 72

Construction Appraisal Appraisal Process Bracketing 72