Housing Wire

JUNE 29, 2021

According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. This is nearly 150% more than the average of 16.2

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Home Value Development Valuation Insurance 217

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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Insurance Housing Market Marketing Agents 338

Empire Appraisal Group

NOVEMBER 16, 2023

A 2020 Freddie Mac study found 1.4 homes with ADUs, though the actual number could be higher because some homeowners build them without permits. Some states, including California, Oregon and Maine, have passed laws in recent years to encourage ADU construction. million single-family U.S.

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Law Construction Government Buyers 78

Housing Wire

MAY 25, 2021

Home prices accelerated yet again in March, for the 10th straight time. from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. “With so few existing homes available for-sale, would-be buyers continue to eagerly seek out newly constructed homes, even as prices rise.”

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Appraisal Buzz

AUGUST 29, 2022

In the past few years, home prices have risen to the point where we are in another housing crisis. In 2020, 30% of all households had “unaffordable” mortgage or rent payments. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. The Current Housing Crisis. Appraisals.

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Transportation Law Investing Investors 370

Eppraisal

MARCH 17, 2023

Some of the adverse economic factors have since abated -- at least somewhat -- so early 2023 might be the right time to take a fresh look at prospective demand for newly constructed homes, affecting home values, and the possibilities for whether that appetite is increasing, declining or remaining level.

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Supply Chain Home Value Inventory Construction 69

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 404

Raleigh Realty

JULY 12, 2022

According to the latest census, the population in Raleigh grew by almost 64,000 residents between 2010 and 2020. years old, followed by 35 to 44 (14.3), and 45 to 54 (12.8), supporting the idea that millennial and Gen X populations will continue to grow in Raleigh. More Raleigh residents live in an owned home than a rented one.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . trillion — down by 15% compared with 2022.

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Marketing Investing Investors Landlords 399

Housing Wire

AUGUST 8, 2023

a market with high-income homebuyers that has experienced soaring home prices since 2020. Insurers State Farm and Allstate announced that they would no longer be accepting new applications for business and personal lines of property and casualty insurance in California due to increased wildfire risks and rising construction costs.

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Insurance Mortgage Clients Lending 315

Listing Spark

SEPTEMBER 25, 2023

Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable. Markets like Austin, which experienced the most substantial surge in values between 2020 and 2021, have seen the most significant increases in months’ supply of inventory and days on market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Listing Spark

JANUARY 12, 2023

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Builders will continue to target first-time home buyers with incentives. Episode Links.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Quicken Loans

DECEMBER 16, 2021

Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In addition, home values and sales skyrocketed. Home Inventory Will Slowly Rise. Compared to 2020, the national inventory declined by 22.2% Thus, affecting the rate contractors can build new homes. Census Bureau.

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Housing Market Marketing Inventory Real Estate 78

Housing Wire

APRIL 27, 2023

The whistleblower litigation, known as a qui tam action — which allows private parties to sue on behalf of the United States — was filed under seal in state court in California in 2020 and moved last year to federal court — where the judge’s ruling denying dismissal of the case was handed down in January of this year.

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Renovations Investing Real Estate Marketing 276

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. In May 2020, two months after the pandemic caused havoc in the economy, more than 4 million U.S. million in 2020.

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Inventory Housing Market Construction Real Estate 78

Eppraisal

SEPTEMBER 24, 2021

The market normally remains strong, and home values rise, through the spring and summer months. The price range increase covers everything from the condition of the home for sale and the location. This hot seller's market, and continued rising home values, is not going to end anytime soon.

Marketing 28

Marketing Supply Chain Real Estate Construction 28

Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. percent above the October 2020 rate. Many national builder developments across the country are selling homes faster than they have in some time. Home values are increasing, so it is a smart idea to write a contract before they raise the prices.

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Contracts Home Value Design Development 36

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

Real Estate 67

Real Estate Marketing Supply Chain Inventory 67

Empire Appraisal Group

MARCH 31, 2022

We are very concerned about new construction, some of which is incompatible in size, scale and proportion.”. More than 1,300 historic reviews were conducted by city staff in 2021, up from 1,070 in 2020 and 950 in 2019.

Design 78

Design Architecture Realtors Development 78

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

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Sellers Marketing Supply Chain Construction 36

Cornerstone

AUGUST 17, 2021

More than 38 percent of homes that are owner-occupied are owned outright, the U.S. Each time home values increase, homeowners receive a dollar-for-dollar equity gain. Home Equity Report shows: “34.4 percent in the second quarter of 2020.” Census Bureau/Construction Coverage, 2020. **MBS

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Mortgage Renovations Loan Officers Home Value 44

Chicagoland Appraisal Blog

APRIL 3, 2020

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Many homes built in the early 2000s have outdated blond-colored floors, but Westhoff sees many buyers gravitating to darker finishes.

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Real Estate Agent Architecture Modernization Buyers 78

Houston Properties

JANUARY 12, 2022

Read More To Learn How To Avoid Buying Homes With Flooding History. Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Homes on a major thoroughfare tend to sell at larger discounts. Homes built with a bad or awkward floor plan tend to sell slower or at larger discounts.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Clear Capital

JANUARY 31, 2022

The January 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 3.4 This is an enormous amount of stimulus, and it helped drive the 20% increase in home values last year, as well as the big increase in the stock market. Download the report , or read it below.

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Marketing Real Estate Inventory Housing Market 69

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. 2020 was the best year in American history for personal income. The personal savings rate averaged 7% from about 1995 – 2020. So, what did they do?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

The Robert Weiler Company

SEPTEMBER 7, 2022

commercial property sales hit a 10-year low in 2020, the industry hit a 15-year high in 2021, reaching $809 billion (nearly doubling 2020’s mark of $405.4 A whopping 3,644 homes closed during that busy summer month, 15.6 The only low point is new construction starts. increase from the $7,100 price in 2020.

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

JANUARY 9, 2024

The downtown area has been through a rough spell since doors to offices, schools and shops closed in March 2020 and slowly returned to a form of normalcy over the past two years. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index. Shoreline came in at No.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

APRIL 10, 2024

(A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.) Insurance companies may argue, however, that the costs are simply increasing along with home values. The average mortgage holder paid $4.90

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Americans have seen home values rise at record rates over the past few years. This is the past. Loan applications are way down, the lowest in 22 years.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

DECEMBER 9, 2022

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. How Grocery Store Locations Impact Home Values. The average value for homes near a Whole Foods is $891,416, and $321,116 for homes near an ALDI. Excerpts: Built 1990 | 6,106 Sq. 5 Beds | 5.5+

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

NOVEMBER 12, 2021

Seattle’s zoning regulations call for inclusionary housing in multifamily construction but most developers pay penalties instead of providing affordable units. While we can stack more homes vertically, we can’t make more land! Also, affected by the disruptions: builders and homeowners seeking to construct or update homes.

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

OCTOBER 8, 2021

They wonder if they missed their opportunity to buy before interest rates rise along with home values. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. for a 2020 population of 149,900. >> A new survey found that 73 million Americans reside within a community association.

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Real Estate Buyers Inventory Housing Market 36

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% SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price. Everett claimed the No. CONDO NEWS.

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Inventory Buyers New Listings Construction 36

Appraisal Today

JUNE 17, 2022

Did anyone think in early 2020 that home values all over the country would go off the charts? We went through three architects because no architect could figure out how to build this home with unobstructed views without having large columns supporting the substantial overhangs,” Gary explains. No one did.

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Appraisal Contracts Real Estate Mortgage 52