Empire Appraisal Group

APRIL 21, 2022

However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected to hit positive territory year over year this summer, according to realtor.com®’s ®’s latest Monthly Housing Trends Report. ®’s report.

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Cleveland Appraisal Blog

APRIL 29, 2021

The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. Again, there is not much you can do about construction materials. What Buyers Look For.

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Quicken Loans

DECEMBER 16, 2021

In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. In combination with low housing inventory and labor shortages, that drove up selling prices. Home Inventory Will Slowly Rise.

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Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. This fact will give hope to buyers for the long term but what about the more immediate future? Young families are in need of housing so forbidding economic conditions will not be enough to postpone a home purchase.

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Eppraisal

SEPTEMBER 24, 2021

The market normally remains strong, and home values rise, through the spring and summer months. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Real estate is cyclical year-over-year. million in 2018."

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Housing Wire

SEPTEMBER 22, 2021

Lawrence Yun, chief economist at NAR, noted in a statement that existing home sales slipped because of rising prices nationwide. “Although there was a decline in home purchases, potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory,” Yun said.

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Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. This is partly due to the shortage of available housing inventory this year. Many national builder developments across the country are selling homes faster than they have in some time. PulteGroup, NVR, and KB Home. percent above the October 2020 rate.

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DW Slater Company

FEBRUARY 23, 2023

The demand for housing decreased with the higher mortgage rates as it decreased buyer power. The biggest answer is inventory. The inventory is still at very low levels. No longer are homes selling above list price (see Percent of Orignal Price chart below ) In fact they are selling at a more reasonable 5% below list price.

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Eppraisal

FEBRUARY 22, 2022

When it costs more to build a home, it will become pricier to buy that dwelling because -- after all the extra expense -- the builder needs to get paid too. Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. Who Does Inflation Help?

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Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

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Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Year over year, all regions saw decreases in new home sales, except for the Northeast which recorded a 7.5%

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Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”.

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Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My Markets with Most Qualifying Inventory. Identifying Underserved Neighborhoods.

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Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? In regards to real estate, on one hand, it should make the value of the assets larger in dollar terms (e.g. Properties with a “flex room” (something that could be used for homeschooling, play room, home offices, media room, etc.).

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Listing Spark

JANUARY 12, 2023

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Builders will continue to target first-time home buyers with incentives.

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Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Seize the moment to leverage the increased inventory and negotiate favorable prices.

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Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Americans have seen home values rise at record rates over the past few years. The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past months.

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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. homes shy of what’s needed today. An index score of 100 means that a buyer with a median U.S.

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Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. Some markets were affected more than others. trillion in 2021.

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Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. But … home price growth will decelerate in the coming year, experts predict. Why home price growth will slow.

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Cleveland Appraisal Blog

MAY 13, 2021

There is the owner of the home, who has a view of what they feel their home is worth. Buyers have their view of how much they are willing to pay for a home. Real estate agents have a view of what the home should be listed for, based upon their research and experience. THE BUYER’S VIEW. Not at all!

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Raleigh Realty

JULY 12, 2022

Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers. This means buyers have more power to negotiate for lower pricing. However, in Raleigh, homes typically sell for above the asking price. is renter-occupied. is renter-occupied.

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Chicagoland Appraisal Blog

APRIL 3, 2020

Which types of homes tend to be most attractive to buyers? Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Just as the housing stock in Chicago is incredibly diverse, so too is the pool of buyers.

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Appraisal Today

MAY 19, 2023

And while the stone home’s price tag is the steepest in the state, “the cost to recreate this property today would be north of $30 million,” according to the listing. The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate.

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Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. This change in rates caused homes to immediately become significantly more expensive for buyers. Months supply of inventory climbed from 0.6 increase YOY).

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Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. What Does Low Inventory Mean for Ohio Land for Sale?

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Appraisal Today

JUNE 17, 2022

The number of potential buyers will decrease as rates go up in many markets. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. Did anyone think in early 2020 that home values all over the country would go off the charts? When will it affect your market? No one did. “We

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Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A However, 71% of agents in Houston have sold less than 5 homes their entire career." Being so enamored with “a pretty home” that it overcomes the fundamentals. Get PDF Now.

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Will Springer Realtor

JANUARY 9, 2024

NEW LAWS AFFECT HOME BUYERS Washington lawmakers last year set out to make our corner of the country one of the most consumer-friendly real estate environments anywhere. They voted to allow up to six dwellings in areas close to transit and up to four in other areas that previously only permitted one home per parcel.

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Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. They wonder if they missed their opportunity to buy before interest rates rise along with home values. But most people I speak with say this is only the quiet before the next wave – like an ebb before the next high tide of buyers and rising prices. Who needs a car?!

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Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

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Will Springer Realtor

AUGUST 9, 2022

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. Inventories are on the rise, so much so that one area is now considered a buyer’s market. Single-family inventory stands at 2.5

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Will Springer Realtor

NOVEMBER 12, 2021

Seattle’s zoning regulations call for inclusionary housing in multifamily construction but most developers pay penalties instead of providing affordable units. In addition, data compiled by realtor.com show starter homes in the U.S. While we can stack more homes vertically, we can’t make more land! Some parts of the U.S. –

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