Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

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Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Housing Wire

FEBRUARY 21, 2023

This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. However, the second is that inventory is simply too low, with too many people chasing too few homes, which means too many bidding wars.

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Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. That’s down from 19 of every 1,000 during the same period in 2019. As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market.

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Cleveland Appraisal Blog

MARCH 4, 2021

So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog. Of course, a ten-year old kitchen is going to have some wear and tear from use.

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Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. Just over 8% of U.S. million price tag.

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Housing Wire

MARCH 28, 2022

Transport yourself back to 2019. Now is the time for lenders to take inventory of businesses that have referred borrowers and also evaluate the landscape of the prospective real estate agents, builders, insurance agents, financial advisers and settlement partners operating in the local market. It’s 9 a.m. trillion in U.S.

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Houston Properties

JULY 18, 2022

Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles. It features classic French cuisine with modern American influences. – 2019: Top Residential Realtors in Houston, Houston Business Journal.

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Chicagoland Appraisal Blog

APRIL 3, 2020

in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom. If your home is more contemporary, a set with sleek, simple lines, like this modern aluminum furniture collection from Target, will add cutting-edge comfort to your outdoor space.

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Houston Properties

JULY 20, 2022

Boulevard Oaks homes for sale are a mix of beautiful 1920s and 1930’s era homes, with a few modern-styled homes. Turnover of homes in Boulevard Oaks is low due to lack of inventory and high demand. – 2019: Top Residential Realtors in Houston, Houston Business Journal. – 2019: #5 Individual Agent, KW Worldwide.

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Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B billion tax fraud scheme. Owners with conservation easements can claim an income tax deduction.

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Will Springer Realtor

FEBRUARY 8, 2023

in mid-2019. Seattle’s retail vacancy rate is around 14%, sharply higher from 2019 numbers when it was slightly below 2%. There is about 9 months’ available supply (down from 13 the month previous), meaning it would take that long for all existing inventory to sell before needing to be replenished. Seattle feels unsettled.

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Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. 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. With four bedrooms and 4.5

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Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Total Eastside inventory rose to 1366 active listings, up 52% in one month and 210% in a year. While the number of new listings in June jumped 8.2%

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Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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Will Springer Realtor

APRIL 8, 2021

were putting down $24,500 in the most recent survey, up a whopping 82% from Q4 2019 ($13,441). The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. month (or 18 days of inventory), down from 0.9

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Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), between 2019 and 2020 – the largest annual increase on record – to 65.5%, according to a report released by NAR. The thought that early spring would produce more, longer-lasting inventory has yet to materialize. THE IMPACT OF SURGING RATES.

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Appraisal Today

SEPTEMBER 1, 2023

The current official unofficial Advisory Opinions of the Foundation reference the 2018-2019 version of USPAP. To read more, click here My comments: For decades, George has been trying to “modernize” how appraisals are done. (As a side note, after much ado — the real property Standard 1 has only one word change in five years.)

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Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). Just when signs were looking up for an increase in new listings and more inventory, the tap was moved back to near shut. A drying up of listings sent inventory figures lower.

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. The price of new construction has jumped, too; the National Association of Home Builders estimates costs have risen about 35% since 2019. Pittsburgh).

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Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. Microsoft has committed $750M since 2019 to help support the creation of more affordable homes in Seattle metro. Inventories rose in the past month across the county (0.8 a month ago. and Seattle (1.1).

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Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S.

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The Robert Weiler Company

NOVEMBER 10, 2021

Not only that, but you want those transit links to be modern, well funded, and in high use. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. Regarding COVID-19, US office vacancy rates have increased from 9 percent in the fourth quarter of 2019 to 17.2

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Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Lenders See Considerable Value in Appraisal Modernization. It was listed for $1,575,000 in 2019, Usaj says. Who Moved My Appraisal Cheese?

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Construction Appraisal Modernization Contracts 52

Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Washington state now (right) has less than 45% of all households able to afford the median priced home (as of 2019, when the state’s median figure was more than $100,000 less than today). Months of inventory improved slightly from June but remain extremely low.

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Construction Inventory Property Taxes Development 36

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. months’ inventory (or 17 days of supply if not replenished with new listings), and only 0.4 Notably, Seattle single-family inventory slipped to 0.6

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The unprecedented housing price increases in our region – up 39% in King for all home types since May 2019 – will possibly stunt homeownership rates going forward. The change follows Oregon’s lifting in 2019 of zoning restrictions on housing to help address the housing shortage. With scarcity comes price appreciation.

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Design Construction Development Property Taxes 36

Will Springer Realtor

NOVEMBER 10, 2023

Clarence Stone, from American Political Science Review, offered this after reading Privatopia: “For those genuinely concerned with the moral fiber of modern America, they might well heed McKenzie’s warning about uncritically accepting the privatization of citizenship in an income-segregated society.” A lot of home – perfect for a big family.

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HOA Buyers Law Supply Chain 36

Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! increase in single-family permits over 2019. >> Inventory across our area remains extremely low. They are often surprised by my answer. >> A whopping 3.8

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Housing Wire

MAY 25, 2021

over Q4 2019 to 1.56%, matching Q3 2019 and representing a multi-year low. TG: Even though the MBA is predicting that 2021’s total volume will be the third-highest on record, lack of affordability and inventory coupled with rising interest rates are forcing lenders to tighten their margins and compete on volume rather than price.

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