McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Housing Market Appraisal Marketing Appraisal Process 79

Housing Wire

JUNE 17, 2022

Below, Hill answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova. HousingWire: What do you think will be the big themes for the housing market in 2022?

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McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? million unit housing deficit at the moment.

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Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” July was the plateau.

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Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. million units , and some experts say it could reach 8 million if there were more inventory. Meanwhile, buyers are plucking up homes left and right. Shifting Toward Modernization.

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Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. They come with lots of hassle and overhead costs, and the process just isn’t efficient — for the buyer or for the lender.

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Housing Wire

DECEMBER 30, 2022

In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. Because I am.

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Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022.

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DW Slater Company

JUNE 16, 2022

First time home buyers are having to compete with larger institutional investors that have more buyer power. Here is a look at the home price index in the Dallas- Fort Worth- Arlington market. Month’s Supply of Inventory. Days on Market. Days on Market has been relatively flat since March. Volume is up.

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Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

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Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. housing market presents a landscape of contrasts and evolving dynamics. Is The Housing Market OK?

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Features include a pool house haven, a 5,000 sq ft guest house that can be utilized as a rejuvenation center, and a cantilevered spa with an indoor/outdoor pool. Appraisers should closely monitor these trends.

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Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. A more active market would have a rate closer to 40 or 50 for every 1,000 homes.

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Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. The housing market is cooling-off. Or, hit the reply button.

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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

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Movoto

MAY 22, 2024

It’s beautiful from corner to corner, hence why the Colorado housing market is always one to watch. Whether you’re moving to Colorado, selling your Colorado home , or considering a business venture in the state, it’s valuable to first understand the Colorado real estate market. Is it a Good Time to Buy a House in Colorado?

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Clear Capital

MAY 24, 2022

It’s important to know if your AVM will perform in an uncertain housing market and here are some tips for choosing the right AVM for property valuations. It should assess public records , market trends , property data points , machine learning , comparable properties, and similar properties to deliver an accurate AVM report. .

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Housing Market Valuation Marketing Real Estate 69

Housing Wire

JULY 16, 2021

Venture capital investors including Zillow founder Spencer Rascoff and Trulia co-founder Pete Flint, believe that Tomo has the potential to topple the legion of lenders that have increased market share, invested heavily in technology and lapped up record profits in recent years. Instead, its focus is securing buyers new mortgage loans.

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Appraisal Today

JULY 1, 2023

Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices First American Blog June 26, 2023 Excerpts:“Nominal house prices need to adjust to the reality of higher mortgage rates for the housing market to become more affordable and balanced, but a fundamental housing supply shortage is keeping a floor on how low house prices can go.”In

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Appraisal Today

JULY 7, 2023

Everything has been fully modernized. Markets go up and down I’ve been writing for years about how normal it is for markets to go up and down. Housing markets are like my waist line. I talked with someone last year who was struggling with suicidal thoughts when the housing market saw a major shift.

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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. HousingWire: What are the current challenges when it comes to affordable housing? Bill Dallas: As construction and labor costs have climbed, so, too, have home prices.

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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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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. = If you have any comments or info on any topics, please hit the reply button!!

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Appraisal Today

JUNE 17, 2022

It is extremely important for appraisers now to closely track changes in your local markets at least once every day and tell your lender clients about it. When will it affect your market? The number of potential buyers will decrease as rates go up in many markets. We have never seen a pandemic real estate market before.

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Chicagoland Appraisal Blog

APRIL 3, 2020

A city with a long, rich history also has older housing stock. According to data from governing.com , Chicago has nearly 550,00 housing units built before 1939 or earlier. 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.

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Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. 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. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. The next 12-24 months are likely going to be quite a challenge for prospective buyers.

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Will Springer Realtor

MARCH 10, 2023

MARCH HOUSING UPDATE The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Cleveland Appraisal Blog

FEBRUARY 17, 2021

What if the next buyer qualifies for an appraisal waiver, or the bank only requires a desktop appraisal, which is becoming all too common right now? There is a good chance that the new buyers will have no idea about the relatively large error in the home’s reported gross living area. What Is A Competitive Market Area?

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Houston Properties

JULY 18, 2022

She knows so much about the housing market so we felt very confident that we were in great hands!” – Dr. Jen Shroff. Aside from the elegant houses that line River Oaks’ streets, much of the community’s beauty comes from the abundance of verdant elements in the area. flexibility in negotiation and marketing.

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Will Springer Realtor

MAY 13, 2024

GIMME SHELTER: AMERICA’S HOUSING PROBLEM WORSENS This country is struggling – mightily – to put enough roofs over the heads of Americans. 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.

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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. Let’s talk about supply and some things on my mind about today’s market. July 25, 2022 .

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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

SEPTEMBER 8, 2023

an ever-evolving economic environment, key aspects such as inflation, employment, and the housing market are undergoing significant changes in August 2023. This post analyzes the recent data and insights, highlighting potential impacts and the overarching market conditions. bath, 2,908 sq.ft.,

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