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. This fish phenomenon reminds me of the housing market today. It is likely that the market data just doesn’t support the price. It is free to visit.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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 294

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. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

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Renovations Appraisal Home Improvement Buyers 303

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 388

Renovations Realtors Construction Mortgage 388

Eppraisal

OCTOBER 20, 2023

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

Renovations 36

Renovations Supply Chain Inspection Modernization 36

Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. When making pre-listing repairs or renovations, different projects can result in vastly different returns.

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Home Improvement Real Estate Agent Sellers Real Estate 447

Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. Another partnership of asset management giants has announced a major investment in single-family rental homes.

Real Estate 362

Real Estate Renovations Inventory Retail 362

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

Mortgage 371

Mortgage Renovations Insurance Construction 371

Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence.

Lending 320

Lending Housing Market Technology Business 320

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.

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Inventory Renovations Real Estate Government 453

Appraisal Buzz

SEPTEMBER 26, 2022

Entering the housing market today is challenging for many homeowners. Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction. million migrant workers in construction.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

MARCH 7, 2024

The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night.

Construction 531

Construction Renovations Insurance Landlords 531

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

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 379

Mortgage Loan Officers Inventory Retail 379

Eppraisal

FEBRUARY 22, 2022

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. However, inflation takes a toll on the price of renovations, a variable that will very well influence the bottom line.

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 380

Business Loan Officers Clients Inventory 380

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

Appraisal 367

Appraisal Appraisal Process Valuation Renovations 367

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. High-quality homes sell in nearly every market. Worried about missing out on a boom?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Cleveland Appraisal Blog

JULY 5, 2021

Our summer has a bit of a different feel than it did a couple of weeks ago, and Murphy’s Law is in full effect as we are also in the middle of a first-floor renovation, including a kitchen remodel, which my wife has reminded me for years that we were overdue for. She’s a tough cookie, but this situation has been tough on her.

Real Estate 221

Real Estate Appraisal Renovations Law 221

Eppraisal

NOVEMBER 17, 2023

Options for a Forever Home Some people may decide to renovate their homes when contemplating where they will age in place. It’s a great way to stay in your current house while incorporating different accessibility upgrades. It’s also wise to consider the possibility of constructing your own forever home.

Renovations 68

Renovations Design Construction Realtors 68

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.

Appraisal 279

Appraisal Development Market Value Tenants 279

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic. A 2021 survey showed nearly half of U.S.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 trillion gap in housing market investment from 2000 to 2020.

Housing Market 535

Housing Market Marketing Construction Development 535

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? of occupied housing in Raleigh is owner-occupied and 48.5 4,840 new apartments were constructed in Raleigh throughout 2021. is renter-occupied.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

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

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 not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

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 440

Landlords Home Value Construction Renovations 440

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

Assurance Financial

MARCH 18, 2021

No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. This will help you remember how much money you spent and when you performed the renovations. These improvements may also reduce your liability for capital gains tax.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 383

Inventory Renovations Supply Chain Buyers 383

Listing Spark

AUGUST 11, 2022

Can they provide insight into today’s housing market. 10:33 – Why having the right partner is important if you want to get into investing or building new construction with hard money lending. However, the degree of difficulty on a fix and flip is lower than difficulty on a new construction. Episode highlights.

Real Estate 36

Real Estate Investors Lending Investing 36

Chicagoland Appraisal Blog

APRIL 3, 2020

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Replace bathroom vanities if needed.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

Will Springer Realtor

DECEMBER 13, 2022

By all measures, our region (and the rest of the country for that matter) experienced one of the worst six months (June-November) any housing market has seen in at least a decade. Yes, the great housing market reset is in full swing. To be clear, we are not heading toward a housing market crash – not even close.

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. This vision has been more than a quarter century in the making to assemble the land, design, entitle and construct this community,” said James Wong, Vibrant CEO.

Inventory 36

Inventory Construction Supply Chain Buyers 36

Raleigh Realty

MAY 21, 2021

increase in housing, transportation, and food prices since last year due to its rise in growth. Still remaining less expensive than nearby cities, the housing market has seen a 12.2 Whether you are looking for a renovated single-family home, new construction, an apartment, or a townhome, Smithfield has you covered.

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Transportation Real Estate Best Value Renovations 78