Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. Real estate appraisers however are acting more level-headed. It may be good news or it may be not-so-good news.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Empire Appraisal Group

NOVEMBER 23, 2022

Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. One year earlier in 3Q 2021, Opendoor reported a loss of $57 million. According to Inman News, Opendoor said $573 million of its net loss – about 62% – was due to lowering home values in its inventory.

Realtors 78

Realtors Inventory Sellers Home Value 78

Housing Wire

NOVEMBER 1, 2023

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% Through statistical controls and the exclusion of properties without commission data, within the top or bottom 5% of home values, without a completed structure, etc.,

Clients 424

Clients Agents Buyers Sellers 424

Empire Appraisal Group

MAY 27, 2021

Homes With Pools Are Selling at a Premium. Source: Homes With Pools Are Selling at a Premium | Realtor Magazine. Homes with pools have become the target of buyer envy since the pandemic began. Only 2% of REALTORS® in 2018 said that a pool helped to sell a home, according to data that year.

Realtors 78

Realtors Real Estate Agents Buyers 78

Lamacchia Realty

FEBRUARY 21, 2023

A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. It is not an appraisal and can’t be used in place of an appraisal.” -via The way a REALTOR® determines real estate market value totally different than how Zillow does.

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

Eppraisal

MAY 12, 2021

If you're in the market to buy a home right now, you're probably finding out that it's not easy. According to the National Association of Realtors (NAR) existing home sales are -3.7% This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Empire Appraisal Group

JUNE 16, 2022

In 2021, the inbound number was 210. Census Bureau data and moveBuddha proprietary data, as well as Zillow’s Home Value Index and Florida Housing Data. In 2021, that number surged to 210 inbound residents for every 100 who left, meaning more than twice as many people moved into the state than left it. By Kelly Hayes.

Insurance 78

Insurance Home Value Property Taxes Real Estate 78

Empire Appraisal Group

JULY 29, 2021

Home Price Increase: The Highest in More than 15 Years. Source: Home Price Increase: The Highest in More than 15 Years | Florida Realtors. JUNE 29, 2021. Home Price Increase: The Highest in More than 15 Years. Nearly 9 of 10 homes were on the market for less than a month. Copyright 2021 The Associated Press.

Realtors 78

Realtors Buyers Realty Real Estate 78

Empire Appraisal Group

FEBRUARY 17, 2022

“For the past several months, home prices have been rising at a very high – but decelerating – rate,” says Craig J. That trend continued in November 2021.”. In the short term, meanwhile, we should soon begin to see the impact of increasing mortgage rates on home prices,” Lazzara says. © 2022 Florida Realtors®.

Realtors 78

Realtors Housing Market Appraisal Mortgage 78

Eppraisal

JUNE 1, 2021

List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021." Home values are rising because of this.

Real Estate 64

Real Estate Contracts Sellers Buyers 64

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. Inventory of homes available are historically low.

Agents 36

Agents Real Estate Agent Marketing Real Estate 36

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Therefore, it begs the question: what will happen to home values?

Sellers 435

Sellers Marketing Market Value Home Value 435

Empire Appraisal Group

JANUARY 13, 2022

Based on that, Redfin analyzed sales in September 2021 to create a list of the hottest real estate markets heading into 2022, and eight of the 10 metros on 2022’s hot list are in Florida. adults aged 55 and up had retired as of the third quarter of 2021, up from 48.1% of home searches came from a different metro area.

Marketing 78

Marketing Real Estate Real Estate Agent Realtors 78

Eppraisal

FEBRUARY 18, 2022

Many players are involved with a home purchase or refinance. The realtor, of course, comes first to mind followed closely by a home inspector, an appraiser, an attorney, a title agent and a county clerk. It follows that interest rates play a significant role as to whether financing the home value is affordable.

Mortgage 36

Mortgage Finance Law Home Value 36

Cleveland Appraisal Blog

OCTOBER 1, 2021

This week, I am also working on a new Home Value Stories podcast episode. When you’re downsizing your home with a pet as your roommate, your animal may experience anxiety and uncertainty during the entire moving process. Consider the following three tips from the Cleveland Appraisal Blog for downsizing with a pet in tow.

Appraisal 243

Appraisal Valuation Realtors Modernization 243

Empire Appraisal Group

DECEMBER 15, 2022

Is Running Short of Land for Housing | Florida Realtors. home values. Few investors are bidding on deals even as land prices remain high, and some landowners worry about a downturn similar to the 2008 crash, when home and land values plunged. home values, compared to 38% 10 years ago. Source: U.S.

Home Value 78

Home Value Development Investing Realtors 78

Listing Spark

OCTOBER 13, 2022

The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. Even though the market has adjusted it’s still a high demand market with 2.9

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Empire Appraisal Group

MARCH 31, 2022

But permit requests citywide for significant demolitions of parts, or all, of a single-family residence reached about 115 last year, a 49% increase over the average between 2018 and 2021, and a 68% jump from 2020, according to city records. The post Teardowns Return as the Cost of Land Rises appeared first on Empire Appraisal Group.

Design 78

Design Architecture Realtors Development 78

Empire Appraisal Group

OCTOBER 28, 2021

Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. “The The short answer?

Inventory 78

Inventory Housing Market Construction Real Estate 78

Empire Appraisal Group

SEPTEMBER 16, 2021

Case-Shiller: Home Prices Soar at Record Pace in June. Source: Case-Shiller: Home Prices Soar at Record Pace in June | Florida Realtors. Nearly a quarter of all existing home sales in July were all-cash sales, up from 16% a year earlier. Copyright 2021 The Associated Press. By Christopher Rugaber.

Contracts 78

Contracts Construction Realtors Investors 78