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. These investments could significantly raise home values if made in the right areas. The Current Housing Crisis.

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Transportation Law Investing Investors 370

Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts.

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Tools Sellers Real Estate Contracts 237

Cleveland Appraisal Blog

OCTOBER 14, 2021

THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. 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. Who would have predicted the events of 2020-2021?

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Inventory Market Value Appraisal Contracts 243

Housing Wire

MAY 27, 2022

Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit.

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Appraisal Valuation Technology Modernization 332

Appraisal Today

MARCH 3, 2023

== Black-Owned Homes Appreciated Fastest In The Pandemic – Zillow research Black Americans’ housing wealth has made strides, but remains well below that of the typical U.S. household Excerpts: The ratio between Black home values and home values overall is closing. Black home values appreciated 42.5%

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Tools Appraisal Home Value Contracts 52

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. “We The nation’s unemployment rate stood at 3.5%

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Marketing Investing Investors Landlords 396

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

Lamacchia Realty

FEBRUARY 14, 2023

Single families: $639,453 (2021) | $668,535 (2022) Condominiums: $438,632 (2021) | $503,663 (2022) Multi-families: $657,618 (2021) | $627,018 (2022) Homes Listed For Sale: T he number of homes listed is down by 18.7% Instant Home Evaluation See immediately how this market is impacting your home value.

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Real Estate Sellers Contracts Buyers 41

Eppraisal

MARCH 13, 2021

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. * Help you arrange inspections.

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Buyers Brokerage Contracts Home Value 36

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The

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Renovations Investing Real Estate Marketing 272

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. Home values are currently rising.

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Marketing Inspection Contracts Buyers 36

Eppraisal

OCTOBER 2, 2021

The real estate markets in 2020 and so far in 2021 have been like no other. The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales. You are likely to receive multiple offers on your home.

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Agents Real Estate Agent Marketing Real Estate 36

Housing Wire

JANUARY 9, 2023

Those headwinds also are being fueled by the double-edged sword of high interest rates and stubborn inflation and include declining home values; the prospects of a recession later this year (and with it, rising unemployment); a pattern of moderating rents ; and continuing liquidity and fundraising challenges posed by capital-markets volatility.

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Housing Market Marketing Construction Development 544

Eppraisal

AUGUST 30, 2022

Offer Market Price Buyers still need to offer at least market price for a home, perhaps higher. Home values are still going up. " The same article cited the surprising statistics, "In June, the national median listing price for single-family homes was $450,000, up 16.9%

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Real Estate Buyers Real Estate Agent Marketing 36

Appraisal Today

JUNE 23, 2023

With respect to volume, executives at both Fannie and Freddie have pointed out that during the crazy-volume times of 2020 and 2021, appraisers were not actually able to keep up with the transactions that were taking place in the market. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers.

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Appraisal Real Estate Valuation Contracts 86

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 large contributing factor to the rise in home prices is the low amount of inventory available. A whopping 3,644 homes closed during that busy summer month, 15.6

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Marketing Real Estate Investing Retail 78

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. No one did.

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Appraisal Contracts Real Estate Mortgage 52

Eppraisal

MARCH 15, 2021

By the end of 2020, sales of disinfectants reached four and one-half billion dollars, a leap of 30 percent over the previous year. Clearly, worry over contracting the virus has taken a financial toll. They also fortify home value. For the sake of home value and marketability, these enhancements become urgent.

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Design Home Value Technology Training 36

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.

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Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JUNE 10, 2022

Despite all of it competition is still strong, and buyers are still out there, but with average prices increasing also at historic rates since 2020 and with the cost increase of borrowing, a shift in the market is happening. Home sellers, the market has changed. That’s a great deal of extra money in your pocket.

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Marketing Sellers Buyers Inventory 62

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. The latest Zillow Home Price Expectations Survey1 polled more than 100 experts from academia, government and the private sector to gather their opinions on the state of the housing market and future growth, inflation forecasts and recession risks. This is the past. percent from 5.33

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Appraisal Contracts Business Mortgage 52

Appraisal Today

DECEMBER 9, 2022

How Grocery Store Locations Impact Home Values. Excerpts: While homes near a Trader Joe’s realized an average 5-year home price appreciation of 49 percent, and homes near a Whole Foods saw an average appreciation of 45 percent, ALDI had a slight advantage at 58 percent. By Attom Nov 22, 2022. percent from 6.49

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Appraisal Contracts Business Mortgage 52

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?

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Housing Market Marketing Real Estate Realtors 68

Houston Properties

JANUARY 12, 2022

Sale #3: 2020. On a year-to-date basis, Houston home sales are 13% ahead of 2020’s record pace. Median Home Price. Home Price / Sq Ft. Specially if you’re buying in areas with historically good land value appreciation as the equity on the house rises, but your fixed-rate mortgage payments remain the same.

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Real Estate Marketing Real Estate Agent Realtors 36

Listing Spark

MARCH 15, 2022

Potential buyers may think that you don’t take care of your property and this could lower the value of your home. The Appraisal Institute has warned that bad neighbors can lower home values by as much as 10%. Finally, it’s important to keep all of the systems in your home up-to-date. Love this list?

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Appraisal Renovations Contracts Buyers 36

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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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

Will Springer Realtor

NOVEMBER 12, 2021

As home values rise, low-income households already on the margins of affordability are being priced out of homeownership in urban areas such as Seattle, where median prices have jumped 37% (and 52% countywide) over the past five years. Nevada has the highest foreclosure rate, with one filing for every 1463 homes in the state.

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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. for a 2020 population of 149,900. >> A new survey found that 73 million Americans reside within a community association. The median price on any home type in King is $745,000, down 3.5% since this time in 2020.

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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. year-on-year (YoY).

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Inventory Buyers New Listings Construction 36