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Investor Insights: How to Thrive in CRE Amid Challenging Market Conditions

Appraisal Buzz

Supply and Demand Dynamics: We are coming off of a construction boom where record numbers of units were built in the aftermath of the pandemic and are delivering now and in the coming months. Interest Rate Changes: Interest rates play a crucial role in real estate financing and rates are higher today than in many years.

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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. What Is a Home Appraisal and Why Is It Important? Downsizing or packing for a long-distance move?

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What Impact Will the Infrastructure Bill Have on the Housing Crisis?

Appraisal Buzz

Construction has failed to keep up with the demand of households, especially with the increase during the COVID-19 pandemic. 39 billion to modernize transit. $17 which will lead to faster and easier cross-country transportation. This keeps houses on the market longer, with few who can get the financing for them.

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. 4) Date of Sale – The date the comp sold is also an important factor to consider.

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Seattle’s Storied History With the Craftsman Home 

Will Springer Realtor

Craftsmans were popping up within walking distance of public transportation. The Seattle Post-Intelligencer described the new-home construction “of the mushroom order … here and there and everywhere.”. This has resulted in a factory equipment that does every bit of the work with the most modern machinery.”.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. 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. 2 in the U.S. Portland, Ore.,