Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Their research shows the U.S.

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Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Even clients with homes priced over $1 million have seen up to five offers this year, she said.

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Housing Market Buyers Marketing Real Estate Agent 532

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Contracts Real Estate Agent Sellers 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. Home values dropped as much as 15%, erasing some of the gains made in 2021. [00:06:20]-[00:07:06]

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Real Estate Marketing Sellers Home Value 28

Hank Miller Team

MARCH 6, 2024

Greater Atlanta remains one of the strongest national markets, home values are not likely to drop over the next several months. Home Sales Drop in Atlanta From a pure "number of transactions" point, closings and contracts cratered in '22 as buyers rapidly fell out and sellers chased those that remained. '23

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Real Estate Sellers Buyers Inventory 52

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? 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways. [00:02:50]

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

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Real Estate Agents Real Estate Agent Marketing 69

Appraisal Today

MARCH 22, 2024

It’s been on and off the market since 2022, with a top asking price of $33.8 A substantial amount of mature trees balance wide open park like spaces with lawns to the front and rear of the main home. It can impact home values, insurance costs, and the overall stability of a housing market.” “The Excerpts: 10 bedrooms, 14.5+

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Appraisal Contracts Business Insurance 66

Appraisal Today

JUNE 17, 2022

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. ==. Did anyone think in early 2020 that home values all over the country would go off the charts? USPAP and the Contract. No one did. 8-minute podcast.

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Appraisal Contracts Real Estate Mortgage 52

Eppraisal

APRIL 20, 2021

Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. With limited inventory, home values are on the rise. It's that simple.

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Sellers Loan Officers Inventory Home Value 66

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. So, for example, if the Zestimate of a home is $500,000, using the national median error rate of 7.49%, that means your home could actually be worth $37,450 more or less than Zillow’s estimated value.

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Real Estate Agent Real Estate Sellers Realtors 73

Eppraisal

JANUARY 10, 2023

For example, it has been a super seller's market the past few years as home values have risen. Not only should the agent you hire know the area, but they should also understand the changing home values in the area as well. However, the market is starting to balance out in many areas. What is your commission?

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Agents Buyers Real Estate Agent Brokerage 36

Eppraisal

JULY 27, 2022

Home sellers have been reaping the rewards as home values have risen over the past couple years. You can negotiate more than just price when selling your home. However, most real estate attorneys charge a flat fee for their services to represent you from contract date to closing date. You will be glad you did.

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Real Estate Agent Real Estate Brokerage Sellers 36

Housing Wire

OCTOBER 9, 2023

2022 Real Estate Broker Renewal Application” [link] Illinois Realtors, Start Your Career in Real Estate. Requirements for Real Estate License Renewals in 2022.” Requirements for Real Estate License Renewals in 2022” Illinois Department of Financial and Professional Regulation. Illinois Home Values” [link]

Real Estate Agent 411

Real Estate Agent Real Estate Agents Brokerage 411

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. Fannie reports that it filed 1,083 state board tips (complaints) against appraisers associated with its 2022 loan production—for just one year.

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Appraisal Real Estate Contracts Reconsideration of Value 68

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. Jun 7, 2022. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Contracts Business Mortgage 52

Birmingham Appraisal

MARCH 21, 2023

This worked, however, because of the lower supply it resulted in home prices being driven up to the larger number of buyers. The contract price of many homes was much more than their original list price due to bidding wars from desperate buyers. This can lead to less competition which contributes to lower home values.

Real Estate 83

Real Estate Appraisal Marketing Market Value 83

Appraisal Today

NOVEMBER 4, 2022

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. October 6, 2022, Consumer Financial Protection Bureau Blog Post. percent from 7.16

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. Ohio Home Values” [link] Indeed.com. The Average Ohio Real Estate Commission in 2022” [link] FastExpert.

Real Estate 417

Real Estate Real Estate Agent Brokerage Agents 417

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

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

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?

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Housing Wire

DECEMBER 5, 2022

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. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

Appraisal Today

MARCH 3, 2023

== Black-Owned Homes Appreciated Fastest In The Pandemic – Zillow research Black Americans’ housing wealth has made strides, but remains well below that of the typical U.S. household Excerpts: The ratio between Black home values and home values overall is closing. Black home values appreciated 42.5%

Tools 52

Tools Appraisal Home Value Contracts 52

Appraisal Buzz

AUGUST 29, 2022

Experts consider a price unaffordable if the owner or occupant spent 30% or more of their monthly income on the home, with one in seven households spending over half of their income. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. This was due to an all-time housing shortage.

Transportation 370

Transportation Law Investing Investors 370

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. SUMMARY: Our greatest concern is that last year’s euphoria (home sales are up 13% and total dollar volume is up 28%) led to some really risky deals that violated the 9 Kisses of Death – the 20-year research study of what NOT to buy in Houston.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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%. Freddie Mac projects that home-price growth will average 12.8% in 2022 but will drop to 4% in 2023. By comparison, home-price growth was 17.8%

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

DECEMBER 1, 2022

.” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.” Single-family home sales are projected to drop to 4.42 Home values were down modestly, but rents were up again. million in 2023 from 5.67 trillion from $2.34

Housing Market 366

Housing Market Marketing Construction Inventory 366

Lamacchia Realty

SEPTEMBER 22, 2023

compared to August 2022, would-be sellers are concerned about jumping into the market. 2023: 6,344 2022: 7,078 2021: 8,891 Pending Home Sales: The number of homes placed under contract is down by 21.5% when compared to August 2022. when compared to August 2022. when compared to August 2022.

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Real Estate Sellers Realty Home Value 64

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: 3,632 (2022) | 2,781 (2023) Condominiums: 958 (2022) | 792 (2023) Combined average prices have increased by 10.8% 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%

Real Estate 60

Real Estate Sellers Realty Home Value 60

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: 1,671 (2022) | 1,295 (2023) Condominiums: 469 (2022) | 418 (2023) Multi-families: 88 (2022) | 60 (2023) The combined average price increased by 9.9% when compared to August 2022. when compared to August 2022. when compared to August 2022. when compared to last August , now at $544,508.

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Real Estate Sellers Realty Home Value 59

Lamacchia Realty

DECEMBER 19, 2023

Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2% 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%

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Real Estate Sellers Home Value Buyers 58

Lamacchia Realty

JUNE 20, 2023

compared to May 2022, would-be sellers are concerned about jumping into the market. 2023: 8,287 2022: 10,143 2021: 9,913 Pending Home Sales: The number of homes placed under contract is down by 19.6% when compared to May 2022. when compared to May 2022. when compared to May 2022.

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Sellers Real Estate Realty Home Value 66

Housing Wire

JANUARY 9, 2023

Both pose threats to access to capital, the cost of materials and labor, and future housing values. The National Association of Home Builders (NAHB) also recognizes the potential of the build-for-rent (BFR) sector. Housing starts as of November 2022 were “down 32% since February , when mortgage rates began to rise,” NAHB reports.

Housing Market 544

Housing Market Marketing Construction Development 544

Lamacchia Realty

DECEMBER 19, 2023

Single families: 3,813 (2022) | 3,447 (2023) Condominiums: 1,662 (2022) | 1,487 (2023) Multi-families: 603 (2022) | 463 (2023) Average sales price increased 4.5% year-over-year, now at $669,783 compared to $640,766 in November 2022. In Massachusetts, home sales are down yet again in November 2023 by 11.2%.

Real Estate 64

Real Estate Sellers Buyers Realtors 64

Lamacchia Realty

JUNE 20, 2023

Single families: 2,958 (2022) | 2,271 (2023) Condominiums: 890 (2022) | 665 (2023) Combined average prices have increased by 11.1% 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%

Real Estate 56

Real Estate Sellers Realty Home Value 56

Lamacchia Realty

MAY 22, 2023

when compared to April 2022 , as would-be sellers are concerned about jumping into the market. 2023: 6,620 2022: 9,338 2021: 10,833 Pending Home Sales: The number of homes placed under contract is down by 24.4% when compared to April 2022. when compared to April 2022.

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Sellers Real Estate Realty Home Value 58