Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. The second development in the case is that on March 22, 2024, the attorneys for Drs.

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Appraisal Contracts Business Construction 77

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. trillion compared to $2.75 trillion in 2021.

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Real Estate Sellers Home Value Inventory 36

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Construction Contracts Architecture 78

Will Springer Realtor

MARCH 19, 2024

by many insiders, 2024 left some housing advocates feeling mostly empty. Washington lawmakers meet for 60 days in even-numbered years like 2024 and 105 days in odd-numbered years.) The post Washington Legislators Drive Home More Real Estate Measures in 2024 appeared first on Will Springer.

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Real Estate Tenants Government Development 48

Will Springer Realtor

FEBRUARY 13, 2024

This will skew figures, particularly in Seattle where more ADUs are under construction than traditional single-family residences. in Q1 2024 (previous forecast: 7.0%) 6.2% in Q2 2024 (previous: 6.8%) 6.0% in Q3 2024 (6.6%) 5.8% in Q4 2024 (6.5%) 5.7% in Q1 2024 (previous forecast: 7.0%) 6.2% Another $1.1B

New Listings 54

New Listings Buyers Inventory Lending 54

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here.

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

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Appraisal Contracts Legal Business 76

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday. Answer: No.

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Appraisal Inspection Modernization Business 70

Appraisal Today

APRIL 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. Twitter: [link] posted by noon Friday 2.

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Appraisal Real Estate Real Estate Agent Contracts 77

Appraisal Today

FEBRUARY 9, 2024

NOTE: Please scroll down to read the other topics in this long blog post on E&O and state boards, bias, 32% sales are new homes, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

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Appraisal Contracts Insurance Construction 81

Appraisal Today

FEBRUARY 23, 2024

The challenge of pulling comps in 2024 By Ryan Lundquist February 14, 2024 Excerpts: Pulling comps in 2024 is tough. I also have some market recap visuals to unpack what’s been happening in 2024 so far. I wrote that blog after 8 years of experience. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Real Estate Contracts Reconsideration of Value 68

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Contracts Business Insurance 66

Will Springer Realtor

NOVEMBER 9, 2022

Avenue Bellevue is already the talk of the city amid great promise, which I covered in a blog post last year. Construction is only a few floors away from topping out at around 25 stories. Less than two blocks north, a 138-unit, high-rise condo is under construction.

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Construction Development Housing Market Buyers 36

Appraisal Today

FEBRUARY 16, 2024

In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. the price of the Naples compound was justified not only because of the size, location, and yacht basin, but also because it would be difficult to construct such a property again. acres of coastal land.

Appraisal 81

Appraisal Contracts Training Architecture 81

Will Springer Realtor

APRIL 30, 2024

The smart-home market is surging, with an annual global growth rate of 16% to a forecast of more than $260B in 2024 – and more than double that sum by 2030. Builders are also increasingly incorporating smart features into new construction projects. Check this site and your utility for the latest.)

Technology 48

Technology Sellers Construction Buyers 48

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. I went into greater detail on this topic in a recent blog post.)In A blog post will be published on Jan.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

SEPTEMBER 12, 2023

Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025. A revised forecast from the MBA issued last month expects a mild recession in the first half of 2024, which it believes will result in unemployment increasing to 4.9% by the end of 2024.

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

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Appraisal Contracts Real Estate Architecture 74

Appraisal Today

DECEMBER 15, 2023

Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. Catered to real estate appraisers, agents, and other professionals, this monthly blog series helps you navigate the ever-evolving economic environment.

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Appraisal Contracts Business Mortgage 78

Movoto

FEBRUARY 23, 2024

Conforming loans adhere to limits set by the Federal Housing Finance Agency (FHFA) , with a 2024 limit of $766,550 for most single-family homes. Additionally, lending limits vary based on location and property type, with 2024 limits ranging from $498,257 in low-cost areas to $1,149,825 in high-cost areas.

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Construction Insurance Lending Buyers 28

Appraisal Today

NOVEMBER 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post on , , VA changes, State Appraisal Board problems, gratitude for appraisers, unusual homes, mortgage origination stats, etc. == San Francisco Bay’s Red Rock Island is for Sale for $25M Excerpts: Red Rock Island is the only privately owned island in San Francisco Bay.

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Appraisal Mortgage Business Contracts 75

Will Springer Realtor

DECEMBER 12, 2023

We have enjoyed working with many of you this year and providing informative stories and features in this newsletter as well as on the Living the Dream blog and social media platforms. To a happy 2024! = What does 2024 look like for the national housing scene and across Seattle/King County? 19) at 10am PT. San Jose, Calif.,

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

JULY 26, 2022

We interviewed a key figure in the city’s ambitious project for a blog post in 2019 that includes details about an assessment on property owners closest to the improvements. Construction on the new bridge is underway, along with the promenade and pool pavilion for sharks and stingrays.

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Marketing Buyers Construction Realtors 69

Will Springer Realtor

MARCH 12, 2024

Because new home construction hasn’t kept up. Until we construct hundreds of thousands more homes across the country, we will be known as a home renovation nation. Over the last couple of quarters, the number of open jobs in construction is rising again,” noted NAHB’s chief economist, Robert Dietz. What does this mean?

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Buyers Construction Sellers Inventory 57

Will Springer Realtor

OCTOBER 3, 2023

Cities and counties are not required to authorize the construction of an ADU where development is currently restricted under rules related to the proximity of an on-site sewage system, critical environmental areas or other unsuitable physical characteristics of a property like where there are landslide risks.

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Law Design Construction Government 66

Will Springer Realtor

MARCH 10, 2023

(See chart) Read a detailed assessment of the King County area housing market in my most recent blog post: Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago CONDO NEWS It’s full speed ahead at Avenue Bellevue , the two-tower, high-end condominium project in the heart of the city. It’s a 6-bedroom, 4.5-bath bath , 4527 sq.

Construction 36

Construction Modernization Buyers Inspection 36

Will Springer Realtor

SEPTEMBER 7, 2021

The fall opening of three stations also kicks off a three-year period of major updates, nearly tripling the region’s light-rail network to 62 miles by 2024. Construction of the Lynnwood light-rail station is about 50% complete, according to SoundTransit. Service from Lynnwood is scheduled to start in 2024. No problem.

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Buyers Construction Retail Real Estate 36

Cornerstone

JUNE 1, 2021

Major housing authorities like Freddie Mac , Fannie Mae , and the MBA (Mortgage Bankers Association) have all agreed that total sales (including existing and newly constructed homes) will continue this trajectory for the next two years. percent 2023: 4 percent 2024: 3.6 appeared first on Cornerstone Blog. percent 2025: 3.5

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Inventory Buyers Sellers Investing 52

Appraisal Today

OCTOBER 13, 2023

Though the hotel never came to be, the lobby, which appears to grow out from within the rocky overlook, was constructed. While most of the changes won’t have a significant impact on how you perform appraisals, it is nevertheless important to know and understand the changes before they go into effect on January 1, 2024. can add up.

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Appraisal Law Contracts Business 81

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. For more news on this topic, please visit my Living the Dream blog for an ongoing series to celebrate Earth Month. List: $9.75M ($1496/sq.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

NOVEMBER 10, 2023

The builder prepays the interest due to the mortgage company, which is typically a bank or credit union partnering with the construction company on the project. Proposition 1, starting in 2024, will tax property owners approximately 45 cents per $1,000 of assessed value. John Burns reports some builders are spending 6.5% in Redmond.

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HOA Buyers Law Supply Chain 36

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. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

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Appraisal Contracts Business Construction 81

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

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HOA Transportation Construction Buyers 36

Simonson Real Estate

JANUARY 23, 2020

Xcel Energy building constructed in 2016 totaling 222,000 square feet sold for close to $500/SF with a mid-5.5% 2020 – 2021: 12,000 units under construction. o High 5.00% frequently seen with rising construction costs and Inclusionary Zoning. • 2020 – 2024: 1.5% Rising construction costs. • Rent Growth.

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Real Estate Tenants Retail Valuation 78

Will Springer Realtor

NOVEMBER 14, 2023

in 2024 and 4.5M Since the release of the weaker jobs report about two weeks ago, the bond market has reacted as if the Fed has stopped its planned rate increases and will begin to cut them in 2024. 2024 Outlook Freddie Mac is one of a few government-backed agencies that purchases mortgage loans from lenders. We expect U.S.

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

AUGUST 11, 2023

Click to expand any image or graphic from my newsletters and blog posts.) Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction.

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Buyers Development Construction New Listings 36

Will Springer Realtor

MAY 9, 2023

The council is seeking feedback from residents before the mandatory deadline to finalize its comprehensive plan hits on June 30, 2024, with changes enacted at the end of next year. There are many home options available to prospective buyers – including new construction offerings in buildings that opened during the pandemic.

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Real Estate Modernization Construction Supply Chain 36