Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

Sellers 78

Sellers Buyers Home Value Marketing 78

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

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Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021.

Home Value 475

Home Value Market Value Brokerage Inventory 475

Lamacchia Realty

DECEMBER 31, 2021

They won’t be living there much longer so spending money on upgrades that don’t increase home values by astronomical amounts and ones that they won’t be able to enjoy for a long period of time tends to deter many individuals. The first photo buyers look at when shopping for homes should be of an inviting, well taken care of home.

Buyers 74

Buyers Renovations Realty Technology 74

Lamacchia Realty

APRIL 24, 2023

ATTRACT MORE BUYERS WITH ENERGY EFFICIENT UPGRADES With monthly utility bills being a nagging cost all year long for homeowners, home buyers are more aware than ever about energy-efficient features within prospective homes. 81% of buyers desire Energy Star-rated appliances.

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Buyers Real Estate Agent Realty Home Value 64

Housing Wire

NOVEMBER 18, 2022

months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. “In In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.”. ” .”

Housing Market 417

Housing Market Marketing Inventory New Listings 417

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. How has the foreclosure-related regulatory landscape changed since 2020 and 2021? By September 2021, however, there was still much foreclosure reluctance.

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Inventory Technology Design Tools 407

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

Housing Market 395

Housing Market Marketing Real Estate Agent Agents 395

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

Home Value 36

Home Value Real Estate Agent Real Estate Realtors 36

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. This measures how long it would take for every current home on the market to sell, if no more new homes came on to the market at all. to 3,626 Median Home Value: up 15.8% Dallas/Fort Worth.

Real Estate 69

Real Estate Marketing Inventory Sellers 69

Housing Wire

JANUARY 25, 2023

After blowing past the 2% core inflation target in April 2021, it continuously rose for 18 months until peaking in September 2022. We can also expect low housing demand, which favors buyers. Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022. It did not hit 6.7%

Housing Market 427

Housing Market Marketing Inventory Sellers 427

Housing Wire

MAY 4, 2022

Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. To register for the HW+ event, go here.

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Housing Market Finance Marketing Mortgage 383

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 427

Lending Home Value Mortgage Renovations 427

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Compared with April 2021, rate-and-term refinances were down 89.2%. in April from the previous month. from a year earlier.

Mortgage 370

Mortgage Home Value Buyers Lending 370

Housing Wire

JULY 14, 2021

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.

Home Value 437

Home Value Contracts Lending Mortgage 437

Housing Wire

JUNE 10, 2022

Affordability concerns were also reflected in USMI’s 2021 National Homeownership Market Survey, which reported that 69% of Americans say lack of affordable housing is the biggest homebuying challenge. Buyer morale is at an all-time low for good reason. points year-over-year with only 24% of consumers saying now is a good time to buy.

Real Estate 395

Real Estate Buyers Mortgage Insurance 395

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. 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 407

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

Insurance 370

Insurance Housing Market Marketing Agents 370

Housing Wire

DECEMBER 16, 2022

For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021. Recently, an attorney shared with me how one of her clients purchased a home in Connecticut.

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Insurance Government Legal Fees Real Estate 469

Lamacchia Realty

DECEMBER 8, 2021

The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit will increase a record 18% to $647,200, which is an increase of $98,950 from $548,250 in 2021. home price. Why are Home Prices so high? What to Know as a Buyer. Buyer Resources. April 8, 2021. Read More ».

Buyers 75

Buyers Inventory Realty Home Value 75

Eppraisal

SEPTEMBER 24, 2021

The market normally remains strong, and home values rise, through the spring and summer months. The 2021 fall real estate market is going to be different. Researchers at Freddie Mac have estimated that "the current shortage of homes is close to 3.8 Buyer demand is very high and prices are rising at record-breaking levels.

Marketing 28

Marketing Supply Chain Real Estate Construction 28

Cleveland Appraisal Blog

APRIL 29, 2021

That does not cost a lot and it instantly “lifts” the appearance of your home. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage. If there is something I’ve learned, especially this year, it’s that outdoor space is critical for buyers and for the overall value of the house.

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Appraisal Investing Buyers Renovations 249

Robinson Appraisal Group

NOVEMBER 25, 2022

Lower rates typically promote an increase in demand for properties, this in turn drives up pricing, while on the flip side of that, higher interest rates reduce the demand since the costs of a mortgage increase deterring prospective home buyers. We have been in a special situation in the past few years with respect to the pandemic.

Real Estate 88

Real Estate Buyers Investors Home Value 88

Eppraisal

JANUARY 28, 2022

The 2021 real estate market was a record-breaking year. Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs." and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3%

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Concerned about a housing market crash?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Raleigh Realty

AUGUST 13, 2022

Ten months later I am up an estimated $63,000, and considering a less desirable home down the street sold for $200,000 in three hours on the market, it's up more than that. There's another, smaller home, listed for sale at $319,000 on my street as well (it's overpriced). UPDATE: This home is now estimated at 325,000 (in 2021).

Real Estate 148

Real Estate Transportation Training Investing 148

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

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. Buyers are offering sellers prices considerably above list price in many cases.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Housing Wire

OCTOBER 13, 2022

A new LendingTree study found that mobile homes are cheaper and their values appreciated almost as quickly as single-family homes over five years, from 2016 to 2021. On the other hand, median single-family home values increased by almost a similar average of 35.44% for the same time period.

Home Value 407

Home Value Law Housing Market Buyers 407

Eppraisal

JUNE 8, 2021

Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising.

Marketing 69

Marketing Sellers Buyers Home Value 69

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. Or buyers are walking away from the deal. No one knows what the future holds.

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Inventory Market Value Appraisal Contracts 243

Eppraisal

NOVEMBER 15, 2022

Professional-quality still photos are one of the most important marketing tools used in listing homes for sale. According to an article published on April 14, 2021, on Statista.com, "In the 2018 survey, 93 percent of home buyers used online websites when searching for a home in the United States."

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Real Estate Agent Real Estate Agents Buyers 69

Housing Wire

FEBRUARY 21, 2023

Despite much of the talk out there, buyers are not coming back until home values come down dramatically – you probably won’t see a tremendous pickup. The company paid $1.275 billion in cash for the app in December 2021. Bob Walters, who was promoted to CEO of Rocket Mortgage in January 2022, remains in place.)

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Clients Mortgage Business Home Value 379

Eppraisal

MAY 12, 2021

This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. NAR statistics cite that across the country the average number of offers on an existing home is between two and six. Buyers are placing their best offers to get sellers to choose them.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Lamacchia Realty

MARCH 17, 2023

For example, due to the current real estate market conditions in New England, the market value of properties has been on a steady rise. When comparing average prices from 2022 to 2021 , Massachusetts prices were up by 8.7%, New Hampshire was up by 14.9% , Connecticut was up by 5.9% , and South Florida was up by 7.5%.

Market Value 74

Market Value Marketing Real Estate Agent Real Estate 74

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But home values and taxes have shot up in several neighborhoods.

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Property Taxes Home Value Government Buyers 541

Raleigh Realty

AUGUST 1, 2022

By designing an engaging, move-in-ready atmosphere, buyers may be more committed to and willing to increase their offer — often above the asking price. Before beginning the hunt for a house, buyers scouring home design trends on Instagram and Pinterest will have expectations of how their future home should look.

Sellers 68

Sellers Agents Buyers Investing 68