Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. I kid you not!

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

Appraisal 195

Appraisal Investors Buyers Market Value 195

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. In and of itself, it is not market value. Sliding-glass doors lead out to the yard.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Lamacchia Realty

JULY 22, 2022

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted). The number of homes placed under contract declined 13.7%

Sellers 73

Sellers Buyers Inventory Contracts 73

Lamacchia Realty

APRIL 15, 2022

Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. week supply of homes on the market. That means there is a 2.5-week

Marketing 66

Marketing Sellers Buyers Inventory 66

Lamacchia Realty

FEBRUARY 22, 2022

It’s the best example of how supply and demand determine the market climate in that with high demand and low supply the market becomes a frenzy for buyers. It was also a clear rebuke of the theory that the Covid pandemic would cause a similar crash to 2008. Pending Home Sales (contracts accepted). Prices Up by 13.1%

Inventory 51

Inventory Sellers Buyers Real Estate 51