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Think US home prices are high? At least we aren’t Canada

Housing Wire

I’ve tried to stress that we need to worry about home prices getting overheated in 2020-2024, but not because of some massive credit boom like we saw from 2002 to 2005. from 2002-to 2005, which led to forced credit selling. A stock can fall 40% in one day, whereas a home doesn’t have that kind of velocity.

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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

million new minority homeowners when the president launched the Blueprint for the American Dream in 2002. Less demand for homes will cause home values to drop in many neighborhoods. That is why the Bush administration endeavored to create 5.5 Lower homeownership rates mean there will be fewer buyers.

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7 Excellent Real Estate Appraisal Podcasts Every Appraiser Should Listen To

McKissock

Home Value Stories. The Home Value Stories podcast, hosted by residential real estate appraiser Jamie Owen, is designed for those who would like to learn more about real estate appraisals and other real estate-related topics. Check out a recent episode, titled “Are You Trading Time for Money?”

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Dave Stevens on understanding this housing market

Housing Wire

In fact, while in won’t match 2020 or 2021, purchase mortgage dollar volume should be better than any year from 2002–2020. The media and hyperbole are scaring potential homebuyers to the sidelines, but betting on home values is one of the greatest bets someone can make. Potential homebuyers want to buy.

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Practical Tips for Working With AMCs

Appraisal Today

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. in a non-coastal flood zone.

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How to Reduce Appraisal Revision Requests

Appraisal Today

How Grocery Store Locations Impact Home Values. Excerpts: While homes near a Trader Joe’s realized an average 5-year home price appreciation of 49 percent, and homes near a Whole Foods saw an average appreciation of 45 percent, ALDI had a slight advantage at 58 percent. By Attom Nov 22, 2022.

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November Housing Update

Will Springer Realtor

The 30-year, fixed-rate mortgage recently broke the 7% level for the first time since April 2002, leading to greater stagnation in the housing market. The land share of home value in King County is an astounding 72%, according to Gardner’s analysis of property tax records.