Appraisal Today

NOVEMBER 24, 2023

During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. Once again, modern brain-body science jumps ahead and teaches me things. The main house is just the end modules of shipping containers, and the rest is steel construction.” Look at this lull as a time of opportunity.

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. Plus, don’t miss the outdoor pool.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Did anyone think in early 2020 that home values all over the country would go off the charts? USPAP and the Contract. Therefore, they say, keep the contract!

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Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq. based on 2020 data from the U.S. million sq.

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Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Many residents struggle to find and keep a home that they can afford, accentuated by soaring housing prices since the start of the pandemic in 2020. shy of the need.

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Will Springer Realtor

APRIL 11, 2022

That’s what the people behind The Emerald condo did when it opened in 2020. The median price of a single-family home in King County was $720,400 in March 2020; it is now $930,000, or 29% higher. The accompanying chart shows where Seattle metro compares to other cities over the period between March 2020 and January 2022.

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Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. The city was No.

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. That is why at first it seems that the construction of living space within such premise is impossible.

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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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! The commodities market saw prices reach an all-time high of $1711 per thousand board feet in early May of this year after a pre-pandemic price of $303 (March 2020). from May and 16% from 2020.

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Will Springer Realtor

JANUARY 9, 2024

1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. The pact clarifies certain terms, including whether they will have an exclusive contract with the broker or non-exclusive, and how brokers will be compensated for their services. (I Olympia also established a law, effective Jan.

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Appraisal Today

NOVEMBER 20, 2022

Many thanks to Ryan Lundquist’s 2020 blog post for the very appropriate image above! In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. The average contract interest rate for 5/1 ARMs decreased to 5.73

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Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. The median price in the West was $493,300, up 17% from March 2020. >> >> NAHB reported an estimated 15% of all new-construction home sales in the U.S.

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Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

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Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Will Springer Realtor

JUNE 9, 2021

Some smaller construction companies are heavily burdened by rising costs for everything from lumber and steel to fuel and labor amid a lack of available employees. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. BY THE NUMBERS. >>

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Will Springer Realtor

JUNE 9, 2023

in Q4 2022, marking the second consecutive quarterly decline after 10 straight gains dating back to 2020. Another 14,716 units are under construction and more than 25,000 are in the planning stages, meaning they will likely start construction within about a year. BY THE NUMBERS >> The ratio of U.S. from 48.0% It’s a 4-bed, 3.75-bath

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Will Springer Realtor

AUGUST 9, 2022

percentage points over the 58 cumulative months of a recession between 1980 and 2020: Average 30-year mortgage rates stood at 5.3% Homes going under contract were off 4.0% (2705) from June and 30% YoY in King, while the number of sales for July was 19% lower (2535) than a month ago and off 37% YoY across the county. year-on-year (YoY).

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