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With low inventory, house hunters are in full safari mode

Housing Wire

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? through the first quarter of 2024.”

Inventory 461
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Home Improvements: What counts towards the appraisal?

Padove Appraisal Service

I am often asked which home improvements “count” towards the appraised value of a house. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. The post Home Improvements: What counts towards the appraisal? it all counts!

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The labor market showed signs of modest cooling in July

Housing Wire

The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said. Hale expects more “coping strategies” on the buyer’s end, such as moving further away to find affordability.

Marketing 291
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Tips for Increasing Your Home’s Value Without Spending a Fortune

Cleveland Appraisal Blog

That does not cost a lot and it instantly “lifts” the appearance of your home. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage. If there is something I’ve learned, especially this year, it’s that outdoor space is critical for buyers and for the overall value of the house.

Appraisal 249
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How to Price Your Home for the Current Market

Eppraisal

These indicators paint a picture of the imbalance between supply and demand:  ●      Real estate inventory: High housing inventory means few properties are changing hands in your area and gives buyers control in the market. Pay attention to rental inventory, too.

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6 Ways to Prep your Home to Sell this Spring

Lamacchia Realty

If you’re thinking of selling your home this spring, don’t wait to get it ready. inventory has been historically low, but signs of spring activity are beginning to give frustrated buyers hope! The low inventory has been driving up demand and setting the real estate market up for a very busy spring. Brighten Up!

Buyers 74
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 367