Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. TODAY’S HOME BUYERS ARE LIKE THE CARP. This fish phenomenon reminds me of the housing market today. It is free to visit. That is a lot of bread!

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. The kitchen is a focal point for just about every homeowner and prospective buyer.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. The after-repair value is the estimated market value of a property in fully repaired condition. in Q1 2023.

Marketing 422

Marketing Investors Real Estate Investing 422

Housing Wire

JANUARY 3, 2024

With housing generally unaffordable compared to its neighbors, Aspen has provided some housing for teachers for decades, but it doubled down on this effort in the last two years – spending $40.8 million over that period to acquire 52 units and renovate several of its 50 existing units.

Landlords 428

Landlords Home Value Construction Renovations 428

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said.

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Marketing Construction Renovations Home Improvement 278

Appraisal Buzz

SEPTEMBER 26, 2022

Entering the housing market today is challenging for many homeowners. Pent-up housing demand, low-interest rates and new buyers have also added to the crisis. Governments have begun to address the housing issue by upzoning single-family homes. Building entire neighbors can encourage large-scale construction.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

JULY 6, 2023

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” million more housing units to meet existing demand.

Inventory 447

Inventory Renovations Real Estate Government 447

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housing market is now extremely supply challenged.

Investors 426

Investors Marketing Inventory Real Estate 426

Will Springer Realtor

JULY 25, 2023

One of those objectives may be to make renovations on the home now when you can still safely – and, we trust, affordably – manage the projects before being too busy playing pickleball, volunteering your time or traveling the world. It will cost about $20K to construct (depending on the size and scope) and deliver a $9K return on investment.

Renovations 36

Renovations Investing Buyers Construction 36

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. I think you’ve got the independents [or mom-and-pops] taking the market share back. …

Investors 342

Investors Inventory Investing Real Estate 342

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. And it’s going to get worse. million to 1.93

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. Real estate pros – some of the most optimistic bunch in any industry – acknowledge this is a housing dilemma. An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

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Appraisal Development Market Value Tenants 279

Eppraisal

FEBRUARY 22, 2022

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. The flip side is that the transaction takes more out of the buyer's pocket than if inflation were not a factor. Proceeds from the sale are that much higher.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

Housing Wire

JANUARY 6, 2023

While he hopes the housing market may find some consistency again after a volatile year, Gallo forecasts his origination volume this year to be similar to what it was in 2022. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 366

Business Loan Officers Clients Inventory 366

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Raleigh Realty

JULY 12, 2022

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

MARCH 14, 2022

Similar fears exist for the energy supply, equity markets, currencies, electric and internet grids, and defense of nations aligned against Russia. Most home buyers focus on the direction of interest rates. To purchase a home, many buyers withdraw funds from stock and cryptocurrency markets as well as retirement accounts.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. This is due to several reasons and while 2023 will likely continue the post pandemic “malaise”, the Greater Atlanta housing market remains one of the most stable in the nation. Greater Atlanta did not “zoom” up in value and activity.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Appraisal Today

APRIL 5, 2024

I’m always looking for something new == The Full Measure with Kevin Hecht: March 2024 Housing Market Insights By Kevin Hecht, March 28, 2024 Excerpts: In this installment of The Full Measure with Kevin Hecht, uncover March 2024 housing market insights, plus key takeaways for residential appraisers.

Appraisal 77

Appraisal Contracts Business Construction 77

Chicagoland Appraisal Blog

APRIL 3, 2020

A city with a long, rich history also has older housing stock. According to data from governing.com , Chicago has nearly 550,00 housing units built before 1939 or earlier. Which types of homes tend to be most attractive to buyers? Just as the housing stock in Chicago is incredibly diverse, so too is the pool of buyers.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

Patch of Land

SEPTEMBER 12, 2018

With a tightening housing supply, and increased demand, what are investors to do? See what Robert has to say on why real estate investors are starting to look at new construction as an alternative to renovating properties. Below is an excerpt from the piece, but read the complete article in Forbes.com! . "

Investors 35

Investors Renovations Real Estate Construction 35

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Quicken Loans

APRIL 7, 2021

There are also some unique challenges you and your buyers might be confronting in the market now. The housing market has been red-hot for quite a while now. Today, we would like to spotlight another factor causing issues in the housing market and possibly even delaying construction of homes in some areas.

Real Estate 43

Real Estate Marketing Real Estate Agent Construction 43

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. Buyers are finally receiving a break on prices, falling sharply from October for single-family homes and among all home types (single-family, townhome and condo combined).

Inventory 36

Inventory Construction Supply Chain Buyers 36

Houston Properties

MARCH 5, 2021

We’ve gained experience as the #1 boutique real estate team and have gathered data from our database of 30,000 buyers. We created over 150 pages of guides containing best practices, expert tips, market insights, and recent data on what buyers are looking for. Sell Your Heights Property With These 20 Home Renovations.

Renovations 59

Renovations Realtors Sellers Home Improvement 59

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Construction. Local market. Local housing market trends. Square footage.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Construction. Local market. Local housing market trends. Square footage.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Houston Properties

MAY 24, 2021

We’ve gained experience as the #1 boutique real estate team and have gathered data from our database of 30,000 buyers. We created over 150 pages of guides containing best practices, expert tips, market insights, and recent data on what buyers are looking for. Memorial Villages Data And Historic Sales Trends. Neighborhood.

Realtors 36

Realtors Sellers Valuation Renovations 36

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Construction. Local market. Local housing market trends. Square footage.

Appraisal 28

Appraisal Property Taxes Buyers Sellers 28

Quicken Loans

JUNE 10, 2021

And odds are it’s making things difficult for your buyers. Meanwhile, the number of new construction homes sold according to the Census Bureau and the Department of Housing and Urban Development was down 5.9% Housing Market Index. New Residential Construction. Looking at housing starts, these were down 9.5%

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

MAY 9, 2023

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. Spiking housing supply & fewer buyers. Four things about Today’s Housing Market. This is actually about fewer buyers getting into contract. July 25, 2022 .

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Real Estate Agent Real Estate Appraisal Agents 52