Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Did anyone think in early 2020 that home values all over the country would go off the charts? USPAP and the Contract. No one did. 8-minute podcast.

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Appraisal Today

SEPTEMBER 29, 2023

Risk to Home Values. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.41 from 0.72 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The average contract interest rate for 5/1 ARMs increased to 6.47

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Appraisal Today

MAY 19, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57 percent, with points remaining at 0.61 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.96

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Appraisal Today

FEBRUARY 23, 2024

Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.06

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Appraisal Today

DECEMBER 23, 2022

Home type: Single family. Home value (with no comps, not even close to 30!). The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.34 from0.64 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 6.42

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Appraisal Today

APRIL 14, 2023

But what we do know is this gives even more power to Fannie, which will largely dictate home values across America once this program is fully implemented. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30 percent from 6.40 percent from 6.36

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Appraisal Today

DECEMBER 9, 2022

How Grocery Store Locations Impact Home Values. Excerpts: While homes near a Trader Joe’s realized an average 5-year home price appreciation of 49 percent, and homes near a Whole Foods saw an average appreciation of 45 percent, ALDI had a slight advantage at 58 percent. By Attom Nov 22, 2022. percent from 6.49

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Appraisal Today

JUNE 10, 2022

The latest Zillow Home Price Expectations Survey1 polled more than 100 experts from academia, government and the private sector to gather their opinions on the state of the housing market and future growth, inflation forecasts and recession risks. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Today

NOVEMBER 4, 2022

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. from0.88 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Today

FEBRUARY 24, 2023

When I first started appraising for an assessor, several times I was met at the door by the White owner with a shotgun telling me that I was never getting on his property or in his home. While there is an income, wealth and home value gap among whites, blacks and Latinos it’s not caused by real estate appraisers. percent from 6.39

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The Robert Weiler Company

OCTOBER 15, 2021

Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total home value in the country.

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Will Springer Realtor

APRIL 10, 2024

Insurance companies may argue, however, that the costs are simply increasing along with home values. in homeowners insurance premiums for every $1000 of their home’s value in 2022. per $1000 of home value) but soaring elsewhere. Oklahoma, where tiny earthquakes rumble underneath homes regularly, pays $9.80

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Houston Properties

JANUARY 13, 2021

Properties are still going under contract. Based on last year’s sales data, the number of homes that have gone under contract is still consistent with figures prior to the coronavirus and the oil price crash. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days).

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