Cleveland Appraisal Blog

MARCH 4, 2021

That usually appealing to many home buyers. So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. Let’s think about a home that was just built and never lived in. A brand-new home has a certain type of appeal.

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Listing Spark

DECEMBER 23, 2020

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . Months of Inventory (1.2 Months of Inventory (Compared to 3.3 Months of Inventory: (down 1.4 this time last year).

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Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. HousingWire: What are the current challenges when it comes to affordable housing?

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S.

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Housing Wire

DECEMBER 31, 2021

Industry experts also predict that home inventory will increase in 2022, creating more options for borrowers. Homebuilders will have more success overcoming current building material shortages and should be able to increase the pace of construction to meet the sizable demand for buying,” Fratantoni said.

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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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Will Springer Realtor

MARCH 10, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. The structures have been topped out and construction cranes are coming down. Here’s a video of its progress. Prices start at $1.4M

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = They used materials from all over the world to furnish it.

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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. Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view. When will it affect your market? Lower inflation?

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Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home.

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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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Houston Properties

JULY 18, 2022

Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles. It features classic French cuisine with modern American influences. Some have since been replaced with new construction homes. collective time and experience of members.

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Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. shy of the need.

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Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Sometimes buyers like them and sometimes not. Many people don’t like them. baths, 2,973 sq.ft.,

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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. By Mark Buhler.

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Will Springer Realtor

DECEMBER 11, 2022

Buyers are finally receiving a break on prices, falling sharply from October for single-family homes and among all home types (single-family, townhome and condo combined). months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1

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Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B billion tax fraud scheme. Right now, nothing compares to it.” The 30-year fixed rate increased to 6.69

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Empire Appraisal Group

FEBRUARY 15, 2024

©Tower Ridge, photo courtesy of Netze Homes Three Key Takeaways Advise buyers that nobody should copy trends for their popularity since they change over time; a better approach is to seek joy. Favored features include a modern design with flat roofs, wood detailing, a pool, an open plan and beautiful kitchens, he says. Boschetti Jr.,

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Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. Spiking housing supply & fewer buyers. We’ve seen a massive change in housing inventory. This is actually about fewer buyers getting into contract. A saltwater pool is also on the property. July 25, 2022 .

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Appraisal Today

FEBRUARY 9, 2024

= 32% of Homes for Sale in the Fourth Quarter Were Newly Built — Just Shy of the Record High Redfin reports new construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. Nationwide, 31.8% That’s comparable with 31.9% Lee Miller.

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Appraisal Today

NOVEMBER 10, 2023

Originally constructed in 1973, an 1100 ht.sq.ft. addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. Additions may be constructed, outbuildings added, and zoning regulations updated. A highlight of this exceptional home is its recently updated kitchen, completed in 2022.

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Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. BY THE NUMBERS. >>

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Falling new inventory is constraining transaction volumes while also supporting higher home prices. Owners are investing about $475B ( yes, billion!

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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. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. Olympia also established a law, effective Jan. But by how much?

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Will Springer Realtor

OCTOBER 11, 2022

At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers. >> About six out of 10 Hispanic American buyers are searching for their first home, nearly double the U.S.

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Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. million sq.

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Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. million units.

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Appraisal Today

OCTOBER 21, 2022

Inventory levels. The vault is constructed with 4-foot-thick, reinforced concrete walls and is plumbed for a fire suppression system. It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. My comments: Fun to look at but does it appeal to many buyers? So, what metrics are worth watching?

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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

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. offers made on every sold home in February, NAR reported, and properties across the nation are currently finding a buyer in a record-low 20 days on average. >> month (or 18 days of inventory), down from 0.9 BY THE NUMBERS. There were an average 4.1

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The Robert Weiler Company

NOVEMBER 10, 2021

Not only that, but you want those transit links to be modern, well funded, and in high use. Sweet Deals Sell Fast: Increasingly, would-be industrial property buyers find that municipalities are looking to incentivize certain businesses while de-incentivizing others. new construction pipeline of nearby buildings.

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Will Springer Realtor

JUNE 11, 2024

Louis Sullivan, the so-called father of high-rise construction design, once said: “The skyscraper establishes the block, the block creates the street, and the street offers itself as a riverbed to the stream of life that flows through the city.” Since 2022, the NW MLS has published buyer broker compensation on its listings.

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Will Springer Realtor

DECEMBER 12, 2023

Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Prospective buyers this year have mostly watched the housing market pass from the sidelines. That, in turn, will finally move the market forward with additional sellers and buyers. at this time in 2023 (quite optimistic!).

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Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

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Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

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Will Springer Realtor

NOVEMBER 10, 2023

Knowingly or not, associations can discriminate against potential home buyers by enforcing a community’s established rules that have the potential to limit people of certain classifications from purchasing a property. It’s working well for both builders and buyers. Buyers must qualify for the mortgage at the highest rate in the offer.

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Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

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