Appraisal Today

MARCH 8, 2024

This outlook implies that 30-year mortgage rates will climb further to around 6.8% – exacerbating affordability headwinds for the housing market, especially for prospective first-time home buyers. While Armour’s original design for the house adhered strictly to Fowler’s practical philosophies, Stiner turned it into an ornate Victorian folly.

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Appraisal Contracts Real Estate Housing Market 85

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. = Built in 2014, the six-bedroom estate was designed to resemble an English manor. and Conditionality.

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Chicagoland Appraisal Blog

APRIL 3, 2020

Which types of homes tend to be most attractive to buyers? Just as the housing stock in Chicago is incredibly diverse, so too is the pool of buyers. When the market is soft, buyers want the properties that are finished and ready to go.”. Westhoff notes that many buyers still prefer white cabinets.

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Real Estate Agent Architecture Modernization Buyers 78

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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Appraisal Today

JULY 7, 2023

Everything has been fully modernized. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. Behold the affordable, flying saucer–shaped home that’s looking for a buyer to restore its otherworldly beauty.

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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. She designed more than 700 buildings in California during a long and prolific career.

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Appraisal Today

NOVEMBER 10, 2023

The glass-fronted abode has an innovative design that reflects the trees and nature around it. “A This one was designed by the late world-renowned architect James Lambeth, who in Arkansas is a big deal.” “This one was designed by the late world-renowned architect James Lambeth, who in Arkansas is a big deal.”

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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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Appraisal Today

JULY 29, 2022

Excerpts: Built in 1959 and designed by Tollyn Twitchell for Ralph Twitchell Architects, the 3,419-square-foot, ranch-style home is listed for $3 million. It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. Spiking housing supply & fewer buyers. July 25, 2022 .

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Real Estate Agent Real Estate Appraisal Agents 52

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.

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Appraisal Today

SEPTEMBER 8, 2023

To address questions regarding property eligibility and comparable sales requirements, we are clarifying our policy that a 3D printed home with a traditional design and constructed using conventional building materials is not considered a unique or nontraditional type of housing as described in the Selling Guide. bath, 2,908 sq.ft.,

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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

OCTOBER 21, 2022

Inventory levels. It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? So, what metrics are worth watching? Cost to cure?

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Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT? Washington, D.C.,

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Will Springer Realtor

MAY 9, 2022

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. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

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Architecture Design Buyers Construction 36

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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Housing Market Marketing Buyers Real Estate 36

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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Inventory New Listings HOA Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

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. Those surveyed said they wanted to listen in on what buyers do and don’t like about the homes.

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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. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous.

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Inventory Buyers New Listings Construction 36

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. this year. >>

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Appraisal Today

FEBRUARY 9, 2024

Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory. That has made it hard for some individual sellers of existing homes to compete for buyers. To read more, Click Here My comments: What are new home sales like in your area? Lee Miller.

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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. That’s because it’s a design most adaptable to various uses and future expansion as business needs evolve. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire.

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Real Estate Retail Investing Tenants 78

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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Construction Buyers Real Estate Sellers 36

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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Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Lenders See Considerable Value in Appraisal Modernization. Local architect William Lang designed the home with a signature three-story.

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Construction Appraisal Modernization Contracts 52

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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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. was $1889. >>

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Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. ®’s data team has scoured the country to pinpoint where buyers can find the best deals on oversized abodes.

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Will Springer Realtor

AUGUST 9, 2021

The Biden administration’s $2T infrastructure plan includes $213B allocated for housing, with a focus on low- and middle-income homeowners and potential buyers. Both are welcome signs for buyers but they should not be interpreted as a trend. Months of inventory improved slightly from June but remain extremely low. months (0.6

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. THE ROI OF HOME RENOVATION. BY THE NUMBERS . >>

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Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. This return of buyers follows a sluggish late 2023. 5 vote (and ballot count the days after). 5 vote (and ballot count the days after).

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. That is, to Designate appraisers, Advocate for appraisers, and Educate appraisers (DAE).

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