Remove 2020 Remove Buyers Remove Contracts Remove Home Value
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Working with buyers in the nation’s hottest housing market

Housing Wire

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. year-over-year increase in home values. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Austin has ranked as the No.

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What’s influencing the increase in REO acquisitions?

Housing Wire

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

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Purchases of second homes declined in June

Housing Wire

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. Home prices in seasonal towns, meanwhile, rose 28% year over year to $468,000 in June.

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Homes in high-risk wildfire areas are more affordable

Housing Wire

million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 In the 12 months ending August 2020, homes in high-risk ZIP codes sold for an average of 3.9% More than 4.5 trillion, a new Redfin report said.

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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

” In essence, the program allows WRRE’s sell-side clients to compete with cash-buyers, iBuyers and investors for the little inventory that’s out there when they’re ready to buy. WRRE has offers under contract plus more in the pipeline. billion in closed sales volume in 2020.

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Using an Exclusive Buyer Broker is in Your Best Interest

Eppraisal

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Explain documents such as contracts and disclosures. *

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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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