Appraisal Today

APRIL 14, 2023

Maybe a couple new terms should be discussed: “sweat equity incentive” and “sweat equity profit.” The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers. In my MLS “contractor special” is often used. In my MLS “contractor special” is often used.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Will Springer Realtor

DECEMBER 19, 2023

As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. in King County for the 12 months ending Dec.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Lamacchia Realty

DECEMBER 28, 2022

In my predictions for 2022 I had put one last sentence at the end of my final paragraph that stated: “Bottom line, my prediction for 2022 is simple. Although interest rates could change things late in the year.”. 2023 will be 1982 all over again. What a difference a year makes. Anthony's 2022 Predictions.

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Sellers Buyers Real Estate Inventory 78

Will Springer Realtor

MARCH 12, 2024

Mixed economic numbers have turned that smile upside down among interest-rate watchers, as inflation persists and employment stays healthy. This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. Rates zipped above 7.0%

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Buyers Construction Sellers Inventory 55

Quicken Loans

MARCH 18, 2022

The Federal Reserve chose to raise interest rates for the first time since the beginning of the pandemic in an attempt to get inflation under control. One of the items projected into the future is the federal funds rate. Geopolitical uncertainty will have a role, but rates are likely to rise throughout the rest of the year.

Buyers 43

Buyers Mortgage Marketing Government 43

Will Springer Realtor

MAY 9, 2023

Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

FEBRUARY 22, 2022

Buying a home should be an exciting experience. While there is no right or wrong answer, it is generally best to begin by researching and interviewing mortgage lenders. Some people work with a mortgage broker who can have access to several lenders and a wider selection of loan products and terms.).

Mortgage 36

Mortgage Buyers Finance Real Estate 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? households that could afford a modest $400,000 mortgage – about the amount required to purchase a median-priced home in the U.S.

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Real Estate Buyers Construction Sellers 36

Quicken Loans

JUNE 10, 2021

Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar. You may be wondering, “Is my credit score high enough to qualify for a loan? Where do I start?”. 9 Steps To Getting A Mortgage.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

AUGUST 11, 2023

While that may seem like a silly question to ask – especially from a residential real estate pro whose business relies on the purchase and sale of homes – it’s something I have been studying, with some eye-opening findings. Click to expand any image or graphic from my newsletters and blog posts.)

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. annually between 1968 and 2000 but has since dropped to an average rate of 0.7% The assessed value is the basis for next year’s property tax rate. (An

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Construction Inventory Property Taxes Development 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. Very interesting.

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Tools Appraisal Home Value Business 52

Appraisal Today

NOVEMBER 20, 2022

Unsupported adjustments (adjustments based on “my 30 years in the business” instead of facts). Do you believe that the quality of your work ranks you as a tier 1 appraiser or do you have a little concern about your rating? I typically obtain double the CE credit hours necessary to renew my certificate…double!

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? To read more, click here My comments: Read this article! Stick to the facts.

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Appraisal Contracts Design Mortgage 62

Appraisal Today

JUNE 24, 2022

My research discovered that the open field had just been purchased by a group that was building a four-level high-and-dry boat storage building. Those topics are fodder for other lengthy blog posts all by themselves. My comments: Worth reading, especially the last section “Final thoughts on the topic.”

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Appraisal Contracts Mortgage Real Estate 52