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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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HW+ Member Spotlight: Stacy Esser

Housing Wire

Of course, the answer is about why this is not the same market — in any way — to post 2008. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. HousingWire: What is the weirdest job you’ve ever had?

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

Housing Wire

Less demand for homes will cause home values to drop in many neighborhoods. Falling home prices will not only make it more difficult for retirees but will impact existing homeowners that may want to purchase something larger or in a more desirable neighborhood. GDP, roughly $3 trillion.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

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. The data below covers the “average Houston home.” Worried about missing out on a boom?

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What is the Role of Market Trends in a Real Estate Appraisal?

Birmingham Appraisal

If there is an oversupply of properties in an area, it can lead to lower property values. On the other hand, if there is a shortage of properties in an area, it can lead to higher property values. Impact on Interest Rates Interest rates can also impact property values.

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New home sales fell again in February

Housing Wire

Year-over-year, new home sales were down 6.2% Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. in February. months supply. after a 10.4%

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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

And while the stone home’s price tag is the steepest in the state, “the cost to recreate this property today would be north of $30 million,” according to the listing. The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate.