April, 2020

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More Bloomberg Media Hits On Real Estate and the Coronavirus

Miller Samuel

If you missed this week's Housing Notes , here are two Bloomberg clips (from radio and TV) where I break down the state of the market post-Coronavirus: Bloomberg Radio: Surveillance - 'Jonathan Miller.details how the housing market is dealing with fallout from the coronavirus.'. I spoke with Tom Keene and Lisa Abramowicz on Bloomberg Radio's morning show "Surveillance" on the state of the housing market.

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Exterior Only And Desktop Appraisals

Padove Appraisal Service

Because of current COVID-19 concerns, many prudent appraisers, and property owners are not completing appraisals with a traditional, interior walk through. In many cases, state and local “shelter in place” orders don’t permit this type of appraisal. In response to these restrictions, appraisals completed with an exterior only viewing of the home, and even appraisals with no physical visit to the property (often called “desktop appraisals”), are emerging as viable alternatives.

Appraisal 148
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After Covid-19, Home Market Activity in Chicago is Starting to Get Optimistic

Chicagoland Appraisal Blog

Last week we saw some optimism as homes under contract in Chicago experienced stable increases for the 3 rd week in a row. This week the optimism continues as new listings jumped up from 78 to 125. Closed sales experienced an uptick for the 3 rd week in a row as well as listing under contract experienced an uptick for the 4 th week in a row. . It seems that home market activity in Chicago is starting to get in the groove and I expect we’ll see more activity in the month of May. .

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COVID-19 Changed the Commercial Real Estate Appraisal World – Here’s How To Respond

Simonson Real Estate

I don’t need to tell you how much the world can change in 45 days. The speed at which the world as we know it is changing is astonishing. One thing that isn’t changing is our enthusiasm to deliver credible analysis for our clients while simultaneously providing guidance to our colleagues. Every day, our team has been diligently working to overcome these latest challenges and, rather than wringing our hands in fear, we’ve adapted our standard process in real-Covid-time.

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Aspen Appraisal Group is Essential

Aspen Appraisal Group

In the midst of the COVID-19 pandemic, things have become confusing in the Real Estate industry. Particularly in regards to home appraisals. We wanted to share this video to let you know that we’re thinking about you and to clear up any concerns you might have. Above all else, we hope you’re safe and healthy. We also wanted to let you know we’re doing appraisals at a record-setting pace so we’re definitely open for business.

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Support Local: The Houston Properties Team Helps Out Local Businesses

Houston Properties

Support Local: The Houston Properties Team Helps Out Local Businesses. The Houston Properties Team joins local businesses in the struggle against COVID-19. Learn how you can help today. Summary. The Houston Properties Team understands the impact of recent events on local businesses and their employees. We are helping promote local restaurants and businesses to help the community on our Facebook and LinkedIn pages.

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Property Data Providers are Allies When Markets Change

Home Junction

Property data providers such as Home Junction can help brokers and agents during periods when there are major changes in the local real estate marketplace. One thing we do know on a consistent basis… is that conditions never stay consistent. Market dynamics will change from time to time. Sometimes the changes are minor. Sometimes they are drastic (such as conditions created by COVID-19).

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Chicago Homes Under Contract Experienced Optimistic Increases 3rd Week in A Row During COVID-19 Stay At Home Order

Chicagoland Appraisal Blog

At this point it’s no surprise that home market activity in Chicago came to a screeching halt in the last 6 weeks due to COVID-19 and the stay at home order in Illinois. The most recent market activity for Chicago homes has seen the breakneck decline begin to flatten out. Some optimism is in order as listings under contract have experienced stable increases for the 3 rd week in a row (scroll to bottom). .

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REX Virtual Home Tours Spike Nearly 1000% in Early 2020 Months

REX Real Estate

Beginning in February and culminating in April 2020, REX’s virtual home tour feature saw a 940% increase as potential homebuyers sought out listings on the company’s virtual platform.

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Growth of E-Commerce Continues to Shape the Retail and Warehousing Sectors

Willowbrook Valuation

If you bought something recently, it came to you at some point by truck. More and more, the truck bypassed the store and came straight to you from a warehouse. Over the past several years, the popularity of e-commerce has been continually growing. The spread of COVID-19 is rapidly cementing e-commerce as a permanent fixture […]. The post Growth of E-Commerce Continues to Shape the Retail and Warehousing Sectors appeared first on Willowbrook Valuation & Advisory Services.

Retail 68
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Houston Home Sellers Series Guide #1: Insider Tips On Decluttering To Sell Your Home

Houston Properties

Houston Home Sellers Series Guide #1: Insider Tips On Decluttering To Sell Your Home. Thinking about selling your Houston home? In this article from our Home Seller Series, we have an expert step-by-step guide (with a printable checklist) on one of the most essential but tedious home selling tips: decluttering. SUMMARY. Houston Properties Team listings sell for 7.2% more and for 4.3% faster.

Sellers 68
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Contract Data Is Pending Data Is Lagging Data

Miller Samuel

In our post-Coronavirus world, it is clear that market conditions and our understanding of the future are subject to change every day. In my prior post Establishing the COVID-19 Demarcation Line: From ‘Hanks To Banks’ , data that falls after the line represents a different market. So how do we determine what data falls in after the demarcation line?

Contracts 195
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Does My Basement Count as Square Footage or in an Appraisal?

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

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How To Still Get Home Appraisals Done During COVID-19 & It’s Impact on Home Values

Chicagoland Appraisal Blog

The post How To Still Get Home Appraisals Done During COVID-19 & It’s Impact on Home Values appeared first on Chicagoland Appraisals.

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5 Tips for Moving During COVID-19

Zillow

Amid travel bans, widespread stay-at-home orders and social-distancing mandates, millions of Americans are learning to adapt to the changes brought about by COVID-19. Countless events have been rescheduled or cancelled, but for a few people - including those who already made plans to move this spring - staying put is simply not an option. . If you are about to move, you can still pull it off with a little extra planning and a few precautionary steps.

Design 54
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Seven things to watch in real estate during a pandemic

CM Appraisals

April 14, 2020 By Ryan Lundquist

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Houston Home Sellers Guide Series #4: Preventive Home Maintenance Guide For Your Houston Home

Houston Properties

Houston Home Sellers Guide Series #4: Preventive Home Maintenance Guide For Your Houston Home. Sell your Houston home fast and for the most money! Expert tips on simple preventive home maintenance to ensure the best buyer & open house experiences. SUMMARY. Houston Properties Team listings sell for 7.2% more and for 4.3% faster. This article is part of a Houston Home Sellers Guide Series outlining how we achieve these results.

Sellers 67
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Establishing the COVID-19 Demarcation Line: From 'Hanks To Banks'

Miller Samuel

This topic was explored in last Friday's Housing Notes. In order to understand what is happening now, we need to ween ourselves off of what happened before this crisis and focus on finding data exclusive to the post-COVID-19 era. In Manhattan, that data set is not yet apparent because we are in nearly a total market shut down but it is evident elsewhere to a limited degree.

Contracts 195
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Does adding Solar Panels Increase the Value of my home?

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

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10 Simple Steps to Purchase a Home in 2020

PennyMac

It’s one of the largest purchases you’ll ever make, and one that most people will only complete a few times in their entire life. It’s normal to feel intimidated and even confused by the home buying process. Whether you’re looking to buy your first home or haven’t bought a home in a long time and want a refresher, here are 10 simple steps that will get you through the home purchase process.

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5 Ways to Make Your Home Office Work (Even if It's Your Kitchen)

Zillow

With social distancing mandates in effect across much of the country, many people working in industries deemed "non-essential" are doing their work from home. And while the constant stream of COVID-19 news, in addition to caretaking or homeschooling responsibilities, can make it hard to stay focused on work, modifying your space can help. An organized and visually appealing work area can help you feel more productive - and more relaxed. .

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How to Improve Your Home’s Curb Appeal

REX Real Estate

If you’re preparing to sell your house, you might have had the thought that…

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The Appraisers Advocate Podcast

Valuation Nation

I was invited onto Tim Andersen’s podcast recently. I hope you enjoy it. [link].

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Bloomberg Radio's Barry Ritholtz - Masters in Business Show: Jonathan Miller on Real Estate After the Coronavirus

Miller Samuel

I joined my friend, columnist/blogger at Big Picture and Bloomberg Radio host Barry Ritholtz to talk about the housing market before and after the Coronavirus crisis on his must-listen radio and podcast show Masters in Business. He interviewed me in 2014 , 2016 and now, 2020. I rationalized that the long gap since 2016 was because he was interviewing other Millers on his show, Steve Miller of the Steve Miller Band and Bill Miller of Legg Mason Capital Management.

Business 195
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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

The Windy City is home to more than 2.7 million permanent residents. And as any true Chicagoan knows, selling a house in this city won’t be quite as simple as a stroll along the lake or an afternoon at the ballpark. 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.

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Uncertain future, forgetting the past

Annarbor Appraisal

Our collective memories tend to be short. Maybe it is human nature? I cannot even pretend to understand why we forget the past or how it may predict the future. Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. Ann Arbor, the general community I have called my home for over 55-years, was not immune to the fallout.

Buyers 78
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Selling? Increase Your Home's "Screen Appeal"

Zillow

If you were counting on crowded open houses (or any open houses, for that matter) to sell your home, you've probably been rethinking your strategy. Nearly the entire country is following public health orders to stay at home through April or May, traditionally the prime selling season. As a result, online for-sale listings have taken on more importance than ever, and it all starts with increasing your home's screen appeal. .

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How to Make Household Chores More Fun For Kids

REX Real Estate

With the entire family spending more time at home, this means more meals being…

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Does Your Home Make You Happy?

Zillow

With the majority of Americans following stay-at-home orders to prevent the spread of coronavirus, our homes are now working overtime to fulfill the roles of offices, classrooms, gyms and community centers - and it's easy to feel uninspired by your surroundings after occupying the same space day in, day out. But all hope is not lost: There are simple and inexpensive ways to transform your home into a fresh and stimulating environment. .

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Tips to Keep Your Home Clean Year-Round

REX Real Estate

Most of us have that spring-cleaning drive this time of year and even more…

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How to Make Your Own Hand Sanitizer

REX Real Estate

As the Coronavirus (COVID-19) continues to sweep the globe, panic buying has led to…

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First-Year Home Maintenance Checklist

REX Real Estate

Regular home maintenance is a must to keep your house in good working order,…

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How to Improve Your Credit Score Before You Buy

REX Real Estate

The state of the market right now is anything but certain but there are…

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The Ultimate Home Inspection Checklist

REX Real Estate

You’ve finally put an offer down on your dream home. Congratulations!