Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In this post, we talk about how issues near and far play a role in home sales. The problem for property sellers is that their sale might be a casualty of this tightening.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.

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Real Estate Marketing Sellers Home Value 28

Eppraisal

MAY 12, 2021

This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. NAR statistics cite that across the country the average number of offers on an existing home is between two and six. Buyers are placing their best offers to get sellers to choose them.

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Sellers Real Estate Buyers Home Value 67

Eppraisal

SEPTEMBER 30, 2021

It is one of the strongest seller's markets we've ever seen in the real estate industry. The inventory of available homes is at a record-breaking low. Buyer demand for homes is extremely high. Home values are rising. Many real estate contracts have this provision written in as an optional paragraph.

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Inspection Sellers Contracts Real Estate 36

Eppraisal

APRIL 8, 2021

It's a "super seller's market" right now. Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019.

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Marketing Inspection Contracts Buyers 36

Eppraisal

OCTOBER 2, 2021

The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales. According to an article written by Danielle Hale on Realtor.com, "Homes continue to sell faster than a year ago."

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Agents Real Estate Agent Marketing Real Estate 36

Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. Anytime there is a shift in the market there is always the possibility that property values will change. Because of the lack of inventory sales volume has been down.

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Appraisal Marketing Contracts Buyers 63

Eppraisal

MARCH 13, 2021

According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first.

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Buyers Brokerage Contracts Home Value 36

Eppraisal

MARCH 15, 2022

The contract states that they will use their best efforts to find a home that meets your criteria. Sellers usually pay real estate commission, and the seller’s brokerage cooperates and shares commission with the buyer’s brokerage. This of course varies from location to location across the country.

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Buyers Real Estate Agent Tenants Landlords 36

Appraisal Today

JUNE 23, 2023

From determining asset values for financial reporting to assisting with investment analysis, property disputes, tax planning, and mortgage financing, appraisers offer a wealth of knowledge and data that accountants can rely on for accurate and informed decision-making. The models aren’t able to think like buyers and sellers.

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Appraisal Real Estate Valuation Contracts 85

Eppraisal

MAY 24, 2022

With homes selling faster than ever before, home values are rising at higher rates than ever before. The inventory of homes available for sale is at its lowest in history. Some sellers think it is a good time to try to sell their homes "For Sale By Owner" (FSBO or by owner) to save a bit of profit.

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Agents Real Estate Agent Brokerage Real Estate 36

Chicagoland Appraisal Blog

JULY 13, 2017

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Listing Spark

OCTOBER 13, 2022

Days on the market are up, home prices are down, but it’s not all doom and gloom. What should buyers and sellers be doing right now? How to vet real estate agents as a seller. There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory.

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Housing Market Real Estate Marketing Buyers 36

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. On the other hand, the FHA/HUD 4000.1[II.D.4.(3)(c)]

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Appraisal Business Contracts Real Estate 70

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Housing Market Marketing Construction Inventory 345

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

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Housing Market Marketing Supply Chain Real Estate 397

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . THE SELLER’S VIEW.

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Market Value Contracts Appraisal Buyers 300

Houston Properties

JANUARY 13, 2021

Do You Want To Buy A Home Now? Avoid 9 Costly Mistakes Sellers Make. If you're looking for a personal recommendation on your situation (buying or selling a home in Houston) and how it could impact your goals, please contact Paige Martin at Paige@HoustonProperties.com. Properties are still going under contract.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Seize the moment to leverage the increased inventory and negotiate favorable prices.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. Some markets were affected more than others.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $381,123 (2023) | $475,011 (2024) Condominiums: $470,541 (2023) | $474,813 (2024) Multi-families: $367,522 (2023) | $467,338 (2024) Homes Listed For Sale: T he number of homes listed is up by 13.7% 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

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Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

FEBRUARY 23, 2024

Single families: $ 525,467 (2023) | $530,608 (2024) Condominiums: $409,028 (2023) | $500,879 (2024) Multi-families: $431,353 (2023) | $489,323 (2024) Homes Listed For Sale: T he number of homes listed is up by 17.9% 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

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Sellers Real Estate Buyers Inventory 54

Lamacchia Realty

NOVEMBER 27, 2023

Single families: $653,286 (2022) | $702,935 (2023) Condominiums: $597,287 (2022) | $623,028 (2023) Multi-families: $605,432 (2022) | $671,070 (2023) Homes Listed For Sale: T he number of homes listed is up slightly by 0.02% when compared to October 2022. However, inventory levels are increasing, recently surpassing 2021 levels.

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Sellers Real Estate Buyers Inventory 65

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $948,706 (2023) | $1,058,316 (2024) Condos & Townhomes: $504,195 (2023) | $533,283 (2024) Homes Listed For Sale: T he number of homes listed is up by 24% when compared to January 2023. 2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1%

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Inventory Sellers Real Estate Buyers 51

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $632,613 (2023) | $702,284 (2024) Condominiums: $633,473 (2023) | $679,516 (2024) Multi-families: $592,514 (2023) | $637,010 (2024) Homes Listed For Sale: T he number of homes listed is up by 8.6% 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

Sellers 61

Sellers Real Estate Buyers Inventory 61

Lamacchia Realty

DECEMBER 19, 2023

Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% What does this mean for Sellers ?

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $484,935 (2023) | $554,204 (2024) Condominiums: $318,153 (2023) | $314,791 (2024) Homes Listed For Sale: T he number of homes listed is down by 3.9% In Connecticut, inventory is struggling to recover , and therefore the current levels are unable to meet the buyer demand in the market.

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Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year. when compared to July 2022.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 massachusetts housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year. when compared to July 2022.

Sellers 57

Sellers Real Estate Inventory Buyers 57

Lamacchia Realty

NOVEMBER 27, 2023

Single families: $506,346 (2022) | $560,286 (2023) Condominiums: $290,303 (2022) | $352,789 (2023) Homes Listed For Sale: T he number of homes listed is down by 1.4% What does this mean for Sellers ? However, homes DO sell during the holidays ! when compared to October 2022. What does this mean for Buyers ?

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Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $517,326 (2023) | $609,905 (2024) Condominiums: $420,479 (2023) | $375,106 (2024) Multi-families: $435,569 (2023) | $535,776 (2024) Homes Listed For Sale: T he number of homes listed is up by 3.8% What does this mean for Sellers ? However, NOW is the best time to list your home !

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Sellers Real Estate Buyers Inventory 52

Lamacchia Realty

DECEMBER 19, 2023

Single families: $663,821 (2022) | $697,656 (2023) Condominiums: $594,726 (2022) | $608,752 (2023) Multi-families: $621,874 (2022) | $658,276 (2023) Homes Listed For Sale: T he number of homes listed is down slightly by 0.69% when compared to November 2022. What does this mean for Sellers ? What does this mean for Buyers

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

MARCH 28, 2023

Also, we are starting to see more sellers list their homes (i.e., Sellers – get your home on the market ! Many sellers are hesitating to list their home because they currently have a low, pandemic era mortgage rate. Once inventory starts to rise, that advantage weakens. Don’t overplay your hand!

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Sellers Inventory Buyers Real Estate 69

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 new hampshire housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year. when compared to July 2022.

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Sellers Real Estate Inventory Buyers 50