Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. The bump kinda sorta returned in 2021 but what happens in 2022? Is new construction the answer? As usual, preparation on both sides is critical.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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. Avoid 9 Costly Mistakes Sellers Make. The debt level, both current and anticipated in 2021, is worrisome. Concerned about a housing market crash?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

Appraisal 76

Appraisal Contracts Business Construction 76

Empire Appraisal Group

JANUARY 11, 2023

Existing-home sales are expected to end the year 16% down from the same time period in 2021, marking their lowest level since 2014, Yun said. NAHB: Sharp Contraction in Construction. There will be a lot of resetting expectations for both buyers and sellers.”. Sellers have to process all of this, and that is underway now.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Appraisal Today

DECEMBER 8, 2023

High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Sellers “had to sell” typically because of a job loss, divorce, or other personal reason. =

Appraisal 66

Appraisal Real Estate Contracts Design 66

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong!

Appraisal 147

Appraisal Construction Business Real Estate 147

Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? 2) Many sellers are distracted by hot headlines from the past. More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots. Why Appraisers Don’t Depreciate Land. Depreciation!

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I wrote an article in the June 2021 issue of Appraisal Today: Retirement, To Stay or Not to Stay.

Appraisal 85

Appraisal Training Inspection Real Estate 85

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. The light portion of the bar are the new contracts that week.

Contracts 398

Contracts Inventory Housing Market Buyers 398

Housing Wire

OCTOBER 21, 2021

The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. decrease from August 2021. NAR’s 2020 profile of home buyers and sellers found that the annual share of first-time buyers was 31%. Existing-home sales rose 7.0%

Inventory 409

Inventory Buyers Realtors Contracts 409

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. I was lucky to have never had to use new construction as a comp on an existing home. baths, 14,450 sq.ft.,

Appraisal 76

Appraisal Construction Contracts Architecture 76

Housing Wire

FEBRUARY 23, 2021

Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. Of course, this is all fantastic news for anyone looking to sell their home in 2021. December 2020’s 10.4%

Inventory 441

Inventory Finance Contracts Construction 441

Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. percent) below the July 2021 estimate of 726,000. This time, we have less production of homes and more multifamily construction. This is 12.6 percent (±16.9

Construction 370

Construction Housing Market Sellers Marketing 370

Appraisal Buzz

JUNE 20, 2022

Adoption of the Square Footage-Method for Calculating, American National Standards Institute (ANSI) Z765-2021 upended the long-standing routine and methodology for thousands of appraisers. Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. Freddie Mac projects that home-price growth will average 12.8% trillion in 2022 and $2.3

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. percent) below the 2021 estimate of 809,000.

Housing Market 397

Housing Market Inventory Construction Marketing 397

Appraisal Today

FEBRUARY 24, 2023

. = Surviving the Current Slowdown by Kendra Budd, Editor, Working RE Excerpts: While the actual volume of appraisal work has only declined to the equivalent of a slow month in 2018 or 2019, the volume of appraisals has declined over 60 percent from the busiest month in 2021 compared to the later (slower) months of 2022. percent from 6.39

Appraisal 52

Appraisal Architecture Valuation Business 52

Listing Spark

DECEMBER 1, 2022

What can you focus on to maximize your success as a seller at the lowest price? We’ll dive into how to make your listing more competitive and maximize your success as a seller with Julie Daniels, Director of Operations at ListingSpark. How sellers can maximize their chances of success in the current market. Episode highlights.

Sellers 36

Sellers Real Estate Inspection Buyers 36

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 60

Sellers Buyers New Listings Inventory 60

GoForrmz

DECEMBER 5, 2022

. “ The 82 percent of Americans using digital payments—defined to include browser-based or in-app online purchases, in-store checkout using a mobile phone and/or QR code, and person-to-person (P2P) payments—in 2021 exceeds last year’s 78 percent and the 72 percent of five years ago. ” Why Haven’t E-Sign Laws Been Updated?

Business 78

Business Legal Law Contracts 78

Annarbor Appraisal

FEBRUARY 26, 2021

This information is from the Ann Arbor Area Board of Realtors MLS run on a monthly basis, and includes all the Ann Arbor school district, single family detached housing only, no new construction or to be built, no condominium units. Data tracks from 1/1/19 forward and it includes several things that we watch as appraisers. It is fluctuating.

Realtors 78

Realtors Contracts Construction Marketing 78

Appraisal Buzz

AUGUST 29, 2022

This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking. A significant indirect influence comes with the infrastructure bill signed into law in November 2021. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. The Infrastructure Bill.

Transportation 370

Transportation Law Investing Investors 370

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Now, if you’re a home seller in Austin, patience is the name of the game.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

APRIL 6, 2022

Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine ! Shauna is a member of the 2019 and 2021 President’s Club and also qualified for the 2021 President’s Club ELITE ! Additionally, Shauna was recognized as a Top Producer for 2021.

Realtors 69

Realtors Realty Real Estate Agents 69

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion in 2021. Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow. trillion compared to $2.75

Real Estate 36

Real Estate Sellers Home Value Inventory 36

The Robert Weiler Company

SEPTEMBER 7, 2022

increase from the May 2021 sales level of 13,955. The average home sales price across Ohio in May 2022 soared to $277,452, a 13% increase from the $245,485 price in May 2021. Commercial real estate has also seen an explosion in transactions since 2021 as Covid-19 fuels best-ever commercial real estate sales. land market.

Marketing 78

Marketing Real Estate Investing Retail 78

Lamacchia Realty

DECEMBER 28, 2021

2021 Recap. 2021 is going down in history as a historical year for the housing market across America. But not in 2021. In 2021, it was not uncommon for a property to have more than 20 offers. That is something that has happened with a large group of buyers for the last few years but in 2021 it was more than ever.

Sellers 74

Sellers Inventory Buyers Realtors 74

Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. Builders began construction on just under a million single-family homes in 2020. and another 10% boost in 2022.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. mortgage rate over the last 50 years ending December 2021 was 7.8%, peaking in 1981 at 16.6%. For context, the average U.S.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Housing Wire

APRIL 27, 2023

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. KBRA reported last month that FirstKey Homes exercised a so-called “excess collateral release” [ECR] feature for a securitization deal dubbed FirstKey Homes 2021-SFR1.

Renovations 317

Renovations Investing Real Estate Marketing 317

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Quality of construction. Get PDF Now. Table of Contents. How Is My Neighborhood Doing? I’m A Buyer.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. days (November 2021). =. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. 2 (Freddie Mac).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. “Pent-up sellers cannot wait any longer. Um, bye-bye! worth of activity from an estimated $10.4B

Real Estate 68

Real Estate Buyers Sellers Inventory 68