The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Floor Space Index or FSI (Amount of Construction Allowed on the Land). Property Lines. Title Deed.

Real Estate 78

Real Estate Buyers Contracts Development 78

Housing Wire

NOVEMBER 3, 2023

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. I was just too busy building the company, selling real estate and developing properties.”

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Real Estate Brokerage Buyers Property Management 299

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% Department of Housing and Urban Development. The post Fannie Mae reduces projected 2022 GDP to 1.3% from March and 8.6%

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Contracts Mortgage Construction Development 403

Appraisal Today

APRIL 5, 2024

A Black couple in Baltimore – Dr. Connolly and Dr. Mott, both university professors – filed suit in August 2022 alleging racial discrimination against loanDepot.com and the appraiser it engaged to appraise their home for a refinance. Significant developments have occurred in the case. Freddie introduced ACE+PDR* in July 2022.

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Appraisal Contracts Business Construction 79

Appraisal Today

MARCH 22, 2024

It’s been on and off the market since 2022, with a top asking price of $33.8 For those who don’t know, I’ve been involved in appraisal form development, from scratch. Across the street from my office, an old marina property is being developed into housing. Georgian Country Mansion in Greenwich, CT Listed at $33.8M

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Appraisal Contracts Business Insurance 68

Appraisal Today

AUGUST 18, 2023

homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. Just over 8% of U.S.

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Appraisal Contracts Inspection Real Estate 77

Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Housing Wire

MAY 23, 2023

Census Bureau and the Department of Housing and Urban Development. percent)* above the April 2022 estimate of 611,000. Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts.

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Inventory Housing Market Construction Marketing 516

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship.

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Appraisal Contracts Real Estate Mortgage 52

Housing Wire

MARCH 6, 2024

Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023. Most expect their pipeline of contracts to keep construction busy through the year.

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Mortgage Real Estate Inventory Construction 358

The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. in Q3 of 2022 and rents increased by 25% year-over-year. in the same quarter, along with increased demand.

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Landlords Tenants Logistics Real Estate 144

Birmingham Appraisal

MARCH 21, 2023

Since the housing crash in 2008, there has been limited new construction of homes which has negatively impacted the amount of housing supply. The contract price of many homes was much more than their original list price due to bidding wars from desperate buyers. Impact on Interest Rates Interest rates can also impact property values.

Real Estate 84

Real Estate Appraisal Marketing Market Value 84

Housing Wire

DECEMBER 20, 2022

It’s fair to say that 2022 has been a depressing year for homebuilders. After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders.

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Supply Chain Construction Inventory Finance 364

Appraisal Today

NOVEMBER 24, 2023

For starters, any development would have to pass through three levels of bureaucracy, as 4.1 The main house is just the end modules of shipping containers, and the rest is steel construction.” This property is well above the median for El Sobrante and is unusual construction for this area, thus the price drop. percent from 7.61

Appraisal 77

Appraisal Mortgage Business Contracts 77

Appraisal Today

FEBRUARY 17, 2023

It means always looking for the truth, being open to other ways of looking at problems, defining the problem, developing hypotheses, being objective, etc. The reports are from 2022, but much of the information is still relevant. A standard commercial building was constructed. == HOW TO USE THE NUMBERS BELOW. percent from 6.18

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Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

JULY 6, 2023

Horton also announced the acquisition of 156 lots and control of around 400 lots through option contracts from Truland affiliates, as well as 201 lots and control of approximately 260 lots through option contracts from third parties. We look forward to continuing as a key lot development partner for D.R. ” D.R.

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Contracts Development Insurance Construction 368

Appraisal Today

NOVEMBER 3, 2023

Definitive numbers are difficult to come by since the Department of Housing and Urban Development (HUD) has failed to respond to public record requests on this question. When trying to do a cash-out refinance of his multifamily property in 2022, Horton did not get the value he was looking for. I think they achieved their goals.

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Appraisal Contracts Architecture Mortgage 79

Appraisal Today

FEBRUARY 23, 2024

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. A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. I find myself scouring 2021 onward especially.

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Appraisal Real Estate Contracts Reconsideration of Value 70

Housing Wire

OCTOBER 26, 2022

From Census : New Home Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. The builders will pull back on construction when the supply is 6.5

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Construction Inventory Contracts Buyers 444

Housing Wire

JANUARY 19, 2023

As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0% Department of Housing and Urban Development. Builders watched inventories rise as buyers canceled contracts and new orders dried up.

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Inventory Construction Development Housing Market 384

Appraisal Today

OCTOBER 20, 2023

In June of 2022, one year after completing the original appraisal report, I received an email from the AMC stating the lender had received a repurchase demand from Fannie Mae. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. Warning: it can be addictive!

Appraisal 74

Appraisal Design Contracts Inspection 74

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. contraction. While single-family housing starts rose 1.1%

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Construction Lending Finance Mortgage 345

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

Marketing 78

Marketing Real Estate Investing Retail 78

Appraisal Today

JULY 8, 2022

Excerpt: On May 1,8, 2022 the Subcommittee on Economic Opportunity held a legislative hearing on the Discussion Draft of H.R. Home Loan Act of 2022… It would require the V.A. Excerpts: Built sometime in the late 19th century, a Victorian-era row house was constructed on St. Proposal to Eliminate the V.A. Half House in Toronto.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

Housing Market 544

Housing Market Marketing Construction Development 544

Appraisal Today

AUGUST 26, 2022

Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae. But, I always use the Cost Approach for new construction to determine the financial feasibility of custom homes. To read more, click here.

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Appraisal Business Contracts Advertising 52

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. I was lucky to have never had to use new construction as a comp on an existing home.

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Appraisal Construction Contracts Architecture 80

Raleigh Realty

FEBRUARY 19, 2022

Bill Gassett | MaxRealEstateExposure.com Hopkinton, MA Things were very different back when I first got into the business due to the internet being in its very early stages of development. Be careful with marketing programs that need 6 months or even one-year contracts. Do read the fine print about canceling the contract.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

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. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. This is 12.6

Construction 370

Construction Housing Market Sellers Marketing 370

Simonson Real Estate

JANUARY 25, 2022

As we move into a new year, it’s natural to question what’s in store for the commercial real estate market in 2022. In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. Apartment New Construction. Th policy starts May 1, 2022 and with 3.5 Rent Growth.

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Marketing Construction Real Estate Lending 131

Appraisal Today

SEPTEMBER 30, 2022

I used Hypothetical Assumptions for new construction, of course. =. ———————————————————————— Mortgage rates from May 25, 2018 to September 26, 2022. =. When I did them prior to HVCC etc.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development. months and above, the builders will pull back on construction.

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Housing Market Inventory Construction Marketing 391

Will Springer Realtor

DECEMBER 14, 2021

What will the 2022 Seattle/King County housing market offer? Here are three consensus predictions: Interest rates will rise as much as a full percentage point by the end of 2022. annual growth for King in 2022 (through next August) after 2.7% in 2022 in King County. more people to the region’s workforce in 2022.

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Real Estate Buyers Construction Sellers 69

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. But then the price jumped in 2022 to a high of $60 million, before the listing was removed. The community is part of a wider development in Georgetown, Texas called Wolf Ranch. percent from 7.31 percent from 7.28

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Appraisal Contracts Business Construction 83

Appraisal Today

JANUARY 4, 2023

Like many of us, Kevin is self-employed and had little appraisal business in 2022. The BPS places new homes built in one of four development categories. In addition to “teardown” and “infill,” the categories include “new residential development” and ”not in a residential development.” December 19, 2022 By Ryan Lundquist.

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Appraisal Contracts Business Development 52

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78