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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Birmingham Appraisal

MARCH 21, 2023

If there is high demand for properties in a particular area, it can lead to a higher appraisal value. Similarly, if there is a low demand for properties in an area, it can lead to a lower appraisal value. Over the past several years we had a big increase in demand due to buyers taking advantage of lower interest rates.

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Real Estate Appraisal Marketing Market Value 84

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. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

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Appraisal Today

JUNE 23, 2023

From determining asset values for financial reporting to assisting with investment analysis, property disputes, tax planning, and mortgage financing, appraisers offer a wealth of knowledge and data that accountants can rely on for accurate and informed decision-making. The models aren’t able to think like buyers and sellers.

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PennyMac

SEPTEMBER 6, 2023

That’s why homeowners sometimes choose to sell and advertise their houses as is. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition.

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Zillow

JULY 15, 2019

The ratio compares the borrower’s monthly debt payments (proposed housing expenses, plus student loan, car payment, credit card debt, maintenance or child support and installment loans) to gross income. Buyers market : Market conditions that exist when homes for sale outnumber buyers.

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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. When will it affect your market? The number of potential buyers will decrease as rates go up in many markets.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JUNE 10, 2022

Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property.

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Reconsideration of Value Appraisal Inspection Advertising 52

Chicagoland Appraisal Blog

JULY 13, 2017

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….

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Appraisal Today

MAY 19, 2023

housing market back into a deep freeze Excerpts: A debt default is very unlikely, but new scenario projections from Zillow show sales would decrease sharply as mortgage costs balloon. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57

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Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. This average reflects the total for both the listing agent and the buyer’s agent. Ohio Home Values” [link] Indeed.com.

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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

OCTOBER 9, 2023

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” to 3%) and buyer’s broker (2.5 Illinois Home Values” [link]

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Real Estate Agent Real Estate Agents Brokerage 421

Cornerstone

OCTOBER 26, 2021

This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price.

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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. If you are a buyer, you may be getting giddy about it. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for.

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PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

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Housing Wire

OCTOBER 22, 2023

You’ll need to enroll in and complete the following TREC-approved, qualifying real estate courses: Principles of Real Estate I Principles of Real Estate II Law of Agency Law of Contracts Promulgated Contract Forms Real Estate Finance Each course is 30 classroom hours, for a total of 180 hours. Texas Home Values” [link]

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Lamacchia Realty

DECEMBER 19, 2023

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% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% What does this mean for Buyers ?

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Real Estate Sellers Home Value Buyers 54

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $381,123 (2023) | $475,011 (2024) Condominiums: $470,541 (2023) | $474,813 (2024) Multi-families: $367,522 (2023) | $467,338 (2024) Homes Listed For Sale: T he number of homes listed is up by 13.7% 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

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Lamacchia Realty

FEBRUARY 23, 2024

Single families: $ 525,467 (2023) | $530,608 (2024) Condominiums: $409,028 (2023) | $500,879 (2024) Multi-families: $431,353 (2023) | $489,323 (2024) Homes Listed For Sale: T he number of homes listed is up by 17.9% 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

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Sellers Real Estate Buyers Inventory 52

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $484,935 (2023) | $554,204 (2024) Condominiums: $318,153 (2023) | $314,791 (2024) Homes Listed For Sale: T he number of homes listed is down by 3.9% What’s Happening in the Market? Listen to Anthony’s complete New England Winter Market Update here or click the picture to the right!

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Sellers Real Estate Buyers Inventory 55

Listing Spark

SEPTEMBER 25, 2023

Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market.

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Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $632,613 (2023) | $702,284 (2024) Condominiums: $633,473 (2023) | $679,516 (2024) Multi-families: $592,514 (2023) | $637,010 (2024) Homes Listed For Sale: T he number of homes listed is up by 8.6% 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

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Sellers Real Estate Buyers Inventory 59

Lamacchia Realty

DECEMBER 19, 2023

Single families: $663,821 (2022) | $697,656 (2023) Condominiums: $594,726 (2022) | $608,752 (2023) Multi-families: $621,874 (2022) | $658,276 (2023) Homes Listed For Sale: T he number of homes listed is down slightly by 0.69% when compared to November 2022. What’s next?

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Real Estate Sellers Buyers Realtors 60

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. See below why we feel Ohio land for sale market is still ripe for growth. The Ohio housing market has remained resilient over the past year and a half.

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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. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year.

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Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

DECEMBER 19, 2023

Single families: $549,922 (2022) | $559,251 (2023) Condominiums: $414,921 (2022) | $533,433 (2023) Multi-families: $501,629 (2022) | $469,320 (2023) Homes Listed For Sale: T he number of homes listed is up by 7.3% 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

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Real Estate Sellers Buyers Realtors 54

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $517,326 (2023) | $609,905 (2024) Condominiums: $420,479 (2023) | $375,106 (2024) Multi-families: $435,569 (2023) | $535,776 (2024) Homes Listed For Sale: T he number of homes listed is up by 3.8% What’s Happening in the Market? What does this mean for Buyers ? when compared to January 2023.

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Sellers Real Estate Buyers Inventory 50

PennyMac

JANUARY 3, 2024

Selling Before Buying Pros and Cons Most people choose to sell before buying, which offers the following benefits: You can access the equity and any profits from your current home to buy your next home, without having to include a contingency clause. If your home fails to sell, your new home closing may be affected.

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Lamacchia Realty

FEBRUARY 27, 2024

Single families: $948,706 (2023) | $1,058,316 (2024) Condos & Townhomes: $504,195 (2023) | $533,283 (2024) Homes Listed For Sale: T he number of homes listed is up by 24% when compared to January 2023. 2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1%

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Lamacchia Realty

MARCH 28, 2023

February 2023 massachusetts housing report February Highlights The Massachusetts housing market is beginning to pick up as we head further into the year, but home sales are still down significantly in February compared to this time last year. Buyers – lowered mortgage rates increase your affordability !

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Sellers Inventory Buyers Real Estate 66

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year.

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Sellers Real Estate Inventory Buyers 55

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 massachusetts housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year.

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Sellers Real Estate Inventory Buyers 54

Lamacchia Realty

APRIL 24, 2023

Many buyers took advantage of rates when they dipped since financing with a lower rate increases overall buyer affordability! In Q1 2023, the number of homes listed in Massachusetts was the lowest in recorded history. Sellers, list your home NOW for the most money ! when compared to March 2022.

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Sellers Buyers Inventory Real Estate 59

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 new hampshire housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year.

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Sellers Real Estate Inventory Buyers 47

Assurance Financial

NOVEMBER 9, 2021

With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. 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.

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