Cleveland Appraisal Blog

JANUARY 5, 2023

According to Altos Research, 42% of the single-family home listings in Cuyahoga County have received price reductions. Some of this is seasonal, but a good portion of the declines recently is due to buyers not being able to afford as much as they once were due to the rate hikes. In June of 2022, the list-to-sales price ratio was 103%.

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Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. Yes, buyers and sellers, we are in a rare price correction period for single-family home sales in King County.

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Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. Buyers and sellers tiptoed through caution. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Um, bye-bye!

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Will Springer Realtor

JANUARY 10, 2023

The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Will Springer, Realtor®. A bright spot for buyers: Active listings for all homes as of Jan. news publishers.

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Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

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Will Springer Realtor

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). >> Through February, the number of existing home listings across the U.S. million new homes as of the start of this year.

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Will Springer Realtor

AUGUST 9, 2022

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. year-on-year (YoY).

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Will Springer Realtor

SEPTEMBER 8, 2021

The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Those surveyed said they wanted to listen in on what buyers do and don’t like about the homes.

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Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers.

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Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 range won’t last forever.

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

AUGUST 9, 2021

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). A surprising 3% used the time to build a new house. POTENTIAL TAX SAVINGS. million home sales.

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Will Springer Realtor

JUNE 8, 2022

UNMARRIED AND BUYING TOGETHER For the third consecutive year, a report from the National Association of Realtors® (NAR) noted an increase in unmarried couples purchasing a home. Snohomish County’s Active listings more than doubled – to 1182 – from 500 from a year ago. That’s $811 higher than the same time last year. was $1889. >>

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Will Springer Realtor

JULY 9, 2021

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. >> Only 24% of Black households can afford a new home at the U.S. THE ROI OF HOME RENOVATION.

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