Appraisal Today

APRIL 21, 2023

Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept. It is the sixth redlining settlement under the DOJ’s Combatting Redlining Initiative, which was launched in October 2021. percent from 6.30

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Appraisal Today

SEPTEMBER 8, 2023

But that popularity did not translate into a sale, and the stately dwelling returned to the market more recently in 2021 for $35 million. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.03

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2

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Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. The second half of the year will look much different than 2021. home sales has fallen from 31% in May 2021 to 27% today.

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Appraisal Today

JULY 7, 2023

2021, was one of the first (and perhaps the most publicized). But since late 2021, a number of similar lawsuits have popped up—from North Carolina to Maryland. Everything has been fully modernized. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.85

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Appraisal Real Estate Contracts Mortgage 76

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ percent from 11.0 percent from 0.4

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Insurance Appraisal Contracts Mortgage 79

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.39

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Will Springer Realtor

MAY 9, 2022

The latest survey took place June 2020-October 2021 and asked 2700 adults in King, Pierce and Snohomish counties. >> The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5% Inventories rose in the past month across the county (0.8 That’s down from 12.9%

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Architecture Design Buyers Construction 36

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.43

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Appraisal Contracts Architecture Law 52

Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), >> Investor purchases of residential property jumped 12% year-on-year, according to Q3 2021 data from ATTOM. was expected to be the busiest with a forecast 23% increase from December 2021 to December 2022. THE IMPACT OF SURGING RATES.

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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. in existing-home sales April 2020-March 2021. A drying up of listings sent inventory figures lower.

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Is this the beginning of a housing bubble, 2021-style? “I million for sale today. million single-family homes shy of demand. That leaves about 2.1

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. Bedroom-sized home offices are no longer the norm in modern floor plans. of space near its Seattle HQ (pictured atop).

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Retail Design Development Landlords 36

Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! For the first quarter of 2021, Pierce County led the way in single-family permit activity, with 1,173, reflecting a 61% increase of the previous year’s quarter. >> A whopping 3.8

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Buyers Development Transportation Inventory 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. Among that group, 10% of current owners plan to put their homes on the market in 2021, translating into about 1.5 month total inventory (blue): Reasons for the lack of homes today are varied and often cited in this newsletter.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

AUGUST 9, 2022

That’s the conclusion of a 2021 report from the Research Institute for Housing America, which signaled added “stress” on housing and housing finance industries in determining risk. in Q1 of 2021 and is the highest rate of home flipping in the 21 st century. Inventory levels are mounting in King, now at 1.9 That’s up from 4.9%

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. In a survey covering the 12 months ending mid-2021, 9% of all home sales were bought by couples who have not exchanged marriage vows. New York City is No. 1 ($8602), followed by San Jose, Calif.

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Design Construction Development Property Taxes 36

Will Springer Realtor

OCTOBER 11, 2022

Seattle experienced a 32% (1031) monthly increase in new listings but a 15% (558) decline in homes going under contract, as median prices fell 2.9% ($900,000) since August and remain 5.9% months’ inventory for all homes on the market and in the single-family category. months (or 40 days) worth of inventory is on the market.

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The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Not only that, but you want those transit links to be modern, well funded, and in high use. percent in the second quarter of 2021. Do you have a paper trail?

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