Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 billion a year prior, according to the trade group’s Market Share Analysis , published Friday.

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Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Millennials make up 44% of home purchases today.

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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. This is starting to change, however and the market is starting to balance out.

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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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Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? What should they expect in this housing market? 00:02:50] Peaking into the Fall 2022 Austin housing market.

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Hank Miller Team

MARCH 6, 2024

The Fed slammed the brakes on low rates, and despite the initial wobble, the Atlanta real estate market found stability and firm ground. Comparing Feb '24 to Feb '23 and Feb '22 (six main metro counties); we see how hard those rate increases hit in '22 and how the market adjusted through '23. In other words, this market is normalizing.

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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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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. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. How many offers.

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Appraisal Today

MARCH 22, 2024

Prioritize features that are highly sought-after in the property type and market. For instance, in the subject’s market, a mountain view could significantly impact the demand and marketability of a vacation condominium home. It’s been on and off the market since 2022, with a top asking price of $33.8

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. 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. The housing market won’t be like this forever.

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Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. 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.

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Appraisal Today

FEBRUARY 23, 2024

I also have some market recap visuals to unpack what’s been happening in 2024 so far. 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. Market conditions is the easiest adjustment to make.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). Not much work probably compared with 2020-2022. Hot housing market not a bubble, economists say. Jun 7, 2022. To read more, click here. This is the past. Purchase vs. refi appraisals.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Need To Sell?

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Eppraisal

JANUARY 10, 2023

You want to know if your agent has been through enough real estate markets to be able to represent you in the best possible way. For example, it has been a super seller's market the past few years as home values have risen. However, the market is starting to balance out in many areas. What is your commission?

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Housing Wire

OCTOBER 9, 2023

The tools and technology to succeed Brokerage tools, cutting-edge technology, market assistance, and industry insights are key to succeeding as an Illinois real estate agent, so look for a brokerage that provides the resources and agent services you need to maximize reach for your clients. to 3%) and buyer’s broker (2.5

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Housing Wire

NOVEMBER 30, 2023

Culture, cutting-edge technology, marketing assistance, and training are key to succeeding as an Ohio real estate agent, so look for a brokerage that provides the agent services and resources you need to maximize reach for your clients. Ohio Home Values” [link] Indeed.com. Ready to find a real estate brokerage?

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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. Reports have revealed a strong land market. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates.

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Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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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. Budget cuts.

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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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Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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Listing Spark

MARCH 15, 2022

Here are a few tips on how to avoid hurting your home appraisal: What is a home appraisal? Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price. How to improve your appraised value. Source: YCHARTS.

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Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Re-sale: 2019.

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Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

MARCH 3, 2023

Other methods and tools that our survey participants said they use to support appraisal adjustments include: Market knowledge/research Market extraction Manual sales comparison Regression analysis Segmented market analysis To read more, click here My comments: First survey for this topic I have ever seen. for white home values.

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Tools Appraisal Home Value Contracts 52

Appraisal Buzz

AUGUST 29, 2022

Market prices for purchased and rented homes are through the roof, with no clear end in sight. More people are searching for homes than there are houses available. Particularly impacted are minority and low-income communities, which cannot keep up with the market trends. The Current Housing Crisis.

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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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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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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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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%

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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

Eppraisal

AUGUST 30, 2022

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. Offer Market Price Buyers still need to offer at least market price for a home, perhaps higher. Offer Market Price Buyers still need to offer at least market price for a home, perhaps higher.

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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. What’s Happening in the Market? Prices increased across all categories.

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Lamacchia Realty

NOVEMBER 27, 2023

Single families: 4,193 (2022) | 3,515 (2023) Condominiums: 1,727 (2022) | 1,562 (2023) Multi-families: 633 (2022) | 536 (2023) Average sales price increased 6.9% year-over-year, now at $677,655 compared to $633,905 in October 2022. when compared to October 2022. when compared to October 2022.

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