Housing Wire

JANUARY 13, 2022

But they claim that Quicken Loans influenced appraisers to raise their home values and originate higher loans. According to the lawsuit, the Aligs, for example, estimated their home was worth $129,000, and provided the information to Quicken Loans. .” Messages left with plaintiffs’ attorneys were not returned.

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Appraisal Law Valuation Home Value 443

Housing Wire

JULY 19, 2022

In the 2021 NextGen homebuyer research, two in three stated they did not think lenders were trustworthy or reliable. For example, he explained that companies are converting real estate into NFTs and using a smart contract to close in a few days rather than weeks. The future isn’t human versus machine on home values.

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Mortgage Loan Officers Technology Real Estate 421

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. There are many instances nowadays where a house doesn't appraise for the price on the contract.

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Appraisal Contracts Sellers Home Value 66

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

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. The debt level, both current and anticipated in 2021, is worrisome. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

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Housing Market Marketing Real Estate Realtors 68

Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. According to a release from census.gov on November 17, 2021, housing starts were 0.4 Many national builder developments across the country are selling homes faster than they have in some time. percent above the October 2020 rate.

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Contracts Home Value Design Development 36

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.

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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. You are likely to receive multiple offers on your home.

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Agents Real Estate Agent Marketing Real Estate 36

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.

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Real Estate Marketing Sellers Home Value 28

Eppraisal

MAY 12, 2021

According to Zillow.com the average home value will rise as high as 13.5% by mid-2021 and end up 10.5% Buyers are even using escalation clauses with their offers to purchase a home. Home values are rising at record rates and homes are selling at record speed all while interest rates are still historically low.

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Sellers Real Estate Buyers Home Value 67

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

Appraisal Today

MARCH 22, 2024

Updated Unacceptable Appraisal Practices (bias words) – the overall occurrence rate which has declined from 0.15% of appraisal reports in 2021 to just 0.03% in 2023 (see Figure 1). It can impact home values, insurance costs, and the overall stability of a housing market.” “The Is there anywhere that is totally safe?

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Appraisal Contracts Business Insurance 65

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 85

Lamacchia Realty

FEBRUARY 21, 2023

Essentially, this means that half the time, Zillow’s home value estimates are within 7.49% of the actual value. The overall accuracy of Zestimates has made recent headlines, specifically in 2021 when Zillow announced they were terminating their house-flipping program, Zillow Offer, after three years.

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Real Estate Agent Real Estate Sellers Realtors 73

Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. since October 2021. percent from 6.87

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Appraisal Business Contracts Real Estate 70

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

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Appraisal Architecture Valuation Business 52

Appraisal Today

JUNE 10, 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. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

MAY 19, 2023

Good video UAD Redesign the Movie (from 2021 but still relevant) I have written about this twice before in this newsletter. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57 The average contract interest rate for 5/1 ARMs increased to 5.71

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Appraisal Business Contracts Real Estate 52

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

Housing Wire

DECEMBER 5, 2022

In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate.

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Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

JULY 25, 2022

Freddie Mac projects that home-price growth will average 12.8% By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. Brokers noted that existing home sales continued to fall slightly, and that signs had emerged of a cooler market.

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Housing Market Marketing Supply Chain Real Estate 418

Appraisal Buzz

AUGUST 29, 2022

A significant indirect influence comes with the infrastructure bill signed into law in November 2021. In the past few years, home prices have risen to the point where we are in another housing crisis. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. The Current Housing Crisis.

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Transportation Law Investing Investors 370

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? The Austin market has cooled down significantly since 2021 and early 2022. How to vet real estate agents as a seller.

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Housing Market Real Estate Marketing Buyers 36

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: $705,929 (2022) | $735,899 (2023) Condominiums: $593,201 (2022) | $664,637 (2023) Multi-families: $651,412 (2022) | $673,387 (2023) Homes Listed For Sale: T he number of homes listed is down by 10.4% 2023: 5,974 2022: 7,609 2021: 8,995 Price Reductions: The number of price reductions is down 26.5%

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Real Estate Sellers Realty Home Value 63

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: $559,314 (2022) | $621,869 (2023) Condominiums: $293,165 (2022) | $335,346 (2023) Homes Listed For Sale: T he number of homes listed is down by 14.5% 2023: 3,452 2022: 4,202 2021: 4,828 Data provided by SmartMLS then compared to the prior year. when compared to July 2022.

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Real Estate Sellers Realty Home Value 59

Lamacchia Realty

JUNE 20, 2023

Single families: $748,991 (2022) | $736,501 (2023) Condominiums: $651,199 (2022) | $658,673 (2023) Multi-families: $648,629 (2022) | $671,965 (2023) Homes Listed For Sale: T he number of homes listed is down by 18.3% 2023: 7,571 2022: 9,417 2021: 10,161 Price Reductions: The number of price reductions is down 32.6%

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Sellers Real Estate Realty Home Value 65

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: $527,049 (2022) | $580,585 (2023) Condominiums: $393,648 (2022) | $430,978 (2023) Multi-families: $441,429 (2022) | $556,772 (2023) Homes Listed For Sale: T he number of homes listed is down by 6.7% 2023: 1,916 2022: 2,296 2021: 2,596 Data provided by NEREN then compared to the prior year.

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Real Estate Sellers Realty Home Value 58

Lamacchia Realty

DECEMBER 19, 2023

Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2%

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Real Estate Sellers Home Value Buyers 56

Lamacchia Realty

JUNE 20, 2023

Single families: $535,219 (2022) | $595,464 (2023) Condominiums: $285,671 (2022) | $309,862 (2023) Homes Listed For Sale: T he number of homes listed is down by 26.2% 2023: 3,452 2022: 4,263 2021: 5,090 Data provided by SmartMLS then compared to the prior year.

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Real Estate Sellers Realty Home Value 55

Lamacchia Realty

MAY 22, 2023

Single families: $697,882 (2022) | $704,187 (2023) Condominiums: $653,088 (2022) | $651,446 (2023) Multi-families: $624,543 (2022) | $608,239 (2023) Homes Listed For Sale: T he number of homes listed is down by 29.1% 2023: 6,178 2022: 8,170 2021: 9,335 Price Reductions: The number of price reductions is down 41.5%

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Sellers Real Estate Realty Home Value 57

The Robert Weiler Company

SEPTEMBER 7, 2022

Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022. Homes sales reached 14,210 in May 2022, a 1.8% increase from the May 2021 sales level of 13,955. Land sales grew by 6% in 2021, exceeding the sales growth of other commercial real estate sectors.

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Marketing Real Estate Investing Retail 78

Lamacchia Realty

JUNE 20, 2023

Single families: $531,565 (2022) | $552,226 (2023) Condominiums: $390,152 (2022) | $469,511 (2023) Multi-families: $454,059 (2022) | $492,424 (2023) Homes Listed For Sale: T he number of homes listed is down by 19.4% 2023: 1,860 2022: 2,348 2021: 2,478 Data provided by NEREN then compared to the prior year.

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Real Estate Sellers Realty Home Value 49

Lamacchia Realty

MAY 22, 2023

2023: 1,614 2022: 1,951 2021: 2,236 NH Real Estate Updates As we navigate this unprecedented time and the impact it’s having on buying, selling, renting, and homeownership, being informed is one of the first steps in knowing what to do next. Instant Home Evaluation See immediately how this market is impacting your home value.

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Real Estate Sellers Realty Home Value 51

Lamacchia Realty

DECEMBER 19, 2023

Single families: $663,821 (2022) | $697,656 (2023) Condominiums: $594,726 (2022) | $608,752 (2023) Multi-families: $621,874 (2022) | $658,276 (2023) Homes Listed For Sale: T he number of homes listed is down slightly by 0.69% when compared to November 2022.

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Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

NOVEMBER 27, 2023

Single families: $653,286 (2022) | $702,935 (2023) Condominiums: $597,287 (2022) | $623,028 (2023) Multi-families: $605,432 (2022) | $671,070 (2023) Homes Listed For Sale: T he number of homes listed is up slightly by 0.02% when compared to October 2022. However, inventory levels are increasing, recently surpassing 2021 levels.

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Sellers Real Estate Buyers Inventory 64

Lamacchia Realty

MAY 22, 2023

Single families: $548,071 (2022) | $569,645 (2023) Condominiums: $272,380 (2022) | $312,982 (2023) Homes Listed For Sale: T he number of homes listed is down by 31.6% Instant Home Evaluation See immediately how this market is impacting your home value. when compared to April 2022.

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Real Estate Sellers Realty Home Value 50