Cleveland Appraisal Blog

MARCH 4, 2021

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. Of course, a ten-year old kitchen is going to have some wear and tear from use. They may replace the flooring and lighting. The same is true with bathrooms.

Appraisal 223

Appraisal Real Estate Real Estate Agent Loan Conditions 223

Will Springer Realtor

DECEMBER 11, 2022

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 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.

Inventory 36

Inventory Construction Supply Chain Buyers 36

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.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

APRIL 11, 2022

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. THE IMPACT OF SURGING RATES.

Construction 36

Construction Development Inventory Buyers 36

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. Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house.

Buyers 36

Buyers Development Construction New Listings 36

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.

Construction 36

Construction Inventory Property Taxes Development 36

Lamacchia Realty

MAY 6, 2021

City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.

Renovations 55

Renovations Buyers Home Improvement Realty 55

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.

Appraisal 81

Appraisal Contracts Business Construction 81

Empire Appraisal Group

FEBRUARY 15, 2024

Homeowners Are More Apt to Stay Put With interest rates for a 30-year fixed mortgage still high, home prices holding steady and inventory still low, many homeowners plan to stay put, optimizing or expanding their existing square footage. Laurel Vernazza, Home Design Expert at The Plan Collection— Scarsdale, N.Y.

Design 78

Design Real Estate Architecture Property Management 78

Appraisal Today

JANUARY 5, 2024

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. baths An architectural masterpiece designed by World renowned architect Harry Gesner and a wonderful fusion of modern architectural style with Gothic castle. Excerpts: 4 Bedrooms, 4.5

Appraisal 76

Appraisal Contracts Legal Business 76

Will Springer Realtor

JUNE 8, 2022

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

Design 36

Design Construction Development Property Taxes 36

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Empire Appraisal Group

FEBRUARY 22, 2024

Venice: a prime choice for suburban living with urban perks Nestled along the picturesque Gulf Coast, Venice is a prime choice for those seeking to elevate their family lifestyle, as nearly half of the housing inventory comprises single-family homes. Construction is evolving at a rapid pace, with 14.4

Retail 78

Retail Business Transportation Real Estate 78

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. While these are promising developments, there will always be the affordability question. million sq. That’s up from 2333 sq.

Architecture 36

Architecture Design Buyers Construction 36

Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials.

Construction 391

Construction Supply Chain Investors Business 391

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Originally constructed in 1973, an 1100 ht.sq.ft. Stick to the facts.

Appraisal 63

Appraisal Contracts Design Mortgage 63

Will Springer Realtor

AUGUST 9, 2022

. >> The City of Seattle includes about 375,000 homes and estimates it needs to build 152,000 market-rate units by 2045 to catch up with the city’s growing population, according to the Office of Planning and Community Development. Inventories are on the rise, so much so that one area is now considered a buyer’s market.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 This was the fastest pace for combined single-family and multi-family construction since June 2006.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Housing Wire

JUNE 23, 2023

Department of Housing and Urban Development (HUD) announced this week that it has established a new Office of Manufactured Housing Programs , which will report to Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner Julia Gordon.

Supply Chain 379

Supply Chain Design Modernization Retail 379

Will Springer Realtor

JULY 9, 2021

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Where would you like to see this type of neighborhood development? Make sure residents can get to their employer and to a jobs center. Send me a message. ——-.

Buyers 36

Buyers Development Transportation Inventory 36

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. Legislation related to transit-oriented development did not pass. Owners are investing about $475B ( yes, billion! And, opening this year, Graystone.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

FEBRUARY 8, 2023

Looking more closely however, the sale of condo homes in downtown (excluding new construction) has numbered in the single digits for three consecutive months – about a third of the normal seasonal rate. Public development can be a great option for increasing the supply of homes. Seattle feels unsettled.

Retail 36

Retail Design Development Landlords 36

Will Springer Realtor

NOVEMBER 10, 2023

We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. BENEFITS OF BUYING NEW Are you thinking of buying a home but can’t afford the high-interest payments? New home builders have an answer. Sunnyvale, Calif.

HOA 36

HOA Buyers Law Supply Chain 36

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. You have read here before how lumber prices have soared about 250% in the past year, prompting real concern among developers who are seeing profits dwindle.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Appraisal Today

JUNE 16, 2023

A Restricted Appraisal Report does not mean shortcuts may be taken in developing the appraisal. Vugrin was the protegé of organic architect Kendrick Bangs Kellogg during the 1980s when construction began. The workfile in support of a Restricted Appraisal Report must be sufficient to produce an Appraisal Report.

Appraisal 75

Appraisal Contracts Design Mortgage 75

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?

Finance 358

Finance Construction Law Inventory 358

Will Springer Realtor

DECEMBER 12, 2023

Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Amid unusually low inventory and an anticipated growing buyer pool, the median price of a single-family home will climb beyond $1M in Seattle’s summer months. at this time in 2023 (quite optimistic!). San Jose, Calif., Washington, D.C.,

Real Estate 36

Real Estate Buyers Housing Market Law 36

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. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. new construction pipeline of nearby buildings. Otherwise, the proximity to these transit connections would be useless. employment rate).

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

MARCH 11, 2024

. >> Seattle metro has benefitted from 6138 new apartment units in 2023, according to data compiled by John Burns Research and Consulting, which forecasts another 25,687 units in development. 1 with a combined 75,274 units newly completed or being developed. The overall total ranks 15 th in the U.S., with Dallas metro at No.

Insurance 36

Insurance Sellers Real Estate Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

People love experiences to fill their memory bank and social media feed – and real estate developers are listening. months’ inventory for all homes on the market and in the single-family category. months (or 40 days) worth of inventory is on the market. months’ inventory. Condo inventory for King County now stands at 2.0

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Appraisal Today

MAY 5, 2023

It’s not the length of the report which is of ultimate importance, it is the time necessary to develop the appraisal that is key. That is why at first it seems that the construction of living space within such premise is impossible. That in and of itself isn’t necessarily a problem. in its narrowest point and 152 (centimeters (5 ft.)

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

APRIL 8, 2021

The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site.

Inventory 36

Inventory New Listings HOA Buyers 36

Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate. The answer is, Yes!

Appraisal 52

Appraisal Business Contracts Real Estate 52

Houston Properties

JULY 18, 2022

One of Houston’s older neighborhoods, River Oaks was developed by brothers Mike and Will Hogg, along with their business partner Hugh Potter. Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”. Water access was critical.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52