Appraisal Today
MAY 17, 2024
NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?
Housing Wire
APRIL 21, 2022
Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.
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Housing Wire
JUNE 16, 2021
From 1968 to 2000, the total stock of U.S. Residential fixed investment (RFI) — the sector of economic activity that accounts for housing construction and renovation — accounted for approximately 5% of the country’s total gross domestic product between 1968 and 2000. housing grew at an average annual rate of 1.7%.
Patch of Land
OCTOBER 26, 2018
Home flipping set a record during the first quarter of 2018 when homes flipped sold at an average gross profit of $69,500—the highest average gross flipping profit since first quarter 2000 (when ATTOM Data Solutions began tracking flips). Average gross profits were up 4.8 percent from $66,287 in the year-ago period. Areas to Watch.
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. We’ve seen a massive change in housing inventory. Mortgage applications declined for the fourth consecutive week to the lowest level of activity since February 2000. With four bedrooms and 4.5
Appraisal Today
SEPTEMBER 29, 2023
After a painstaking renovation of the 13,872-square-foot property, they moved in in 2012. percent, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34 percent, the highest level since December 2000, from 7.31 bath, 13,872 square feet, 3.25 percent, with points decreasing to 0.71
Will Springer Realtor
AUGUST 9, 2021
annually between 1968 and 2000 but has since dropped to an average rate of 0.7% Many dug into savings and had their homes renovated or repaired. Months of inventory improved slightly from June but remain extremely low. Among single-family homes, county inventory increased to 0.6 The nation has faced a shortfall of 5.5
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