Urban home values growing faster than ‘burbs in Midwest

Housing Wire

A Zillow report released Thursday shows urban home values in Midwest cities — namely, St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis — have risen faster than suburban home values over the past several months. rise in urban home values, and St.

Home Value Appreciation Slows

Appraisal Buzz

For the first time since January, home value appreciation slowed month over month in August. Competition eased slightly as inventory rose for a fourth consecutive month, … The post Home Value Appreciation Slows appeared first on theMReport.com.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Home Values Appreciate 19.2% YoY in October

Appraisal Buzz

A seasonal slowdown in purchase activity has not dampened home values, as the limited supply remains priced at a premium. The post Home Values Appreciate 19.2% The post Home Values Appreciate 19.2%

DIY projects to increase your home value

Housing Wire

In the past year, there’s been an upturn in home improvement projects. According to a survey completed by Bid-On-Equipment, 89% of American homeowners made some sort of improvement to their homes during the pandemic. Taking the leap: The benefits of buying vs. renting a home.

Home Values Rise to Highest Point Since Pandemic Start

Appraisal Buzz

The median price of a home continues on a month-over-month upward trajectory, as short inventory plays a major factor into homebuyer’s decision-making in pursuit of the American Dream. . The post Home Values Rise to Highest Point Since Pandemic Start appeared first on theMReport.com.

A Look at Home Values in Communities of Color

Appraisal Buzz

Home prices nationwide have rapidly accelerated over the past year, and in communities of color, price appreciation is even more intense. The post A Look at Home Values in Communities of Color appeared first on Appraisal Buzz.

Bedroom Counts And Home Values – A Very Big Deal!

JMV Lending

The post Bedroom Counts And Home Values – A Very Big Deal! WHAT CONSTITUTES A BEDROOM? I wrote a blog last year called What Constitutes A Bedroom? in response to an agent who was angry b/c our appraiser refused to deem a 42 square foot (sf) room “a bedroom.”

Annual home value growth highest in 16 years

Valuation Review

A perceived endless demand and low supply have driven record-breaking home value appreciation over the past year, according to Zillow’s latest market report. April pushed the envelope even further with an annual home value growth for a typical U.S. home at 11.6

“Post-COVID-19 Home Values & Valuation” panel session

Clear Capital

Watch our panel session from IMN Jumbo Mortgage Loan Virtual Symposium to hear the panelists discuss housing market trends, changes in the appraisal process, forecasting home prices, and how housing migration is affecting the jumbo market.

Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. Online home value estimates, however, are not a substitute for a house appraisal carried out by a licensed real estate appraiser.

CFPB settles with reverse lender over “deceptive” home estimates

Housing Wire

The Consumer Financial Protection Bureau (CFPB) today settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations. AAG is built on its core values of being caring, driven and ethical,” the spokesperson said. “We

5 Reasons Why You Should Find Out Your Home Value

REX Real Estate

Whether you plan to sell, refinance… Home Improvement Marketing Your Home Real Estate Investing Selling Your Home equity home equity home improvement home value refinancing refinancing a home selling a home Selling My Home zillow

How Remaining Economic Life Works

Cleveland Appraisal Blog

That would be the home’s total physical life. Therefore, the remaining economic life of a home is the number of years remaining before the improvements on the site no longer contribute to the value of the property. Say a comparable home just sold for $500,000.

How Old Comparable Sales Are Used to Appraise Current Home Values?

Chicagoland Appraisal Blog

It is pretty common knowledge that appraisers should select the most recent home sales as comparable. Additionally, older comparable sales that are the best indicator of value for the subject property can be used if appropriate. Rogers Park Single Family Home Example.

Home prices haven’t risen this fast since 2005

Housing Wire

Home prices accelerated yet again in March, for the 10th straight time. from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1%

Fluffing, decreases home values

Town & Country Residential Appraisals

We’ve seen 1 bedroom homes “fluffed” into 4 bedrooms, and 0 bath homes “fluffed” into 1 bath homes - BY BROKERS?! The average home buyer who sees HGTV a couple times before they go looking is not sensitive to that,” he says.

What’s Your View?

Cleveland Appraisal Blog

There is the owner of the home, who has a view of what they feel their home is worth. Buyers have their view of how much they are willing to pay for a home. Real estate agents have a view of what the home should be listed for, based upon their research and experience.

Tips for Increasing Your Home’s Value Without Spending a Fortune

Cleveland Appraisal Blog

Tips for Increasing Your Home’s Value Without Spending a Fortune. Buying a property is not just about creating a home, it is making a long-term investment. The moves you make can maintain the value of a property or they can send it through the roof. Home office.

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.

Homeownership Rates by Race and Ethnicity

Eyes on Housing

Read More › Economic Indicators Economics ethnicity home values homeownership race survey of consumer financesThe Survey of Consumer Finances (SCF) provides detailed information on the finances of U.S.

Study: ADUs Can Add 35% to Home’s Value

Empire Appraisal Group

Study: ADUs Can Add 35% to Home’s Value. ADUs are growing at a rate of 9% or 100,000 per year, according to a new analysis by Porch.com, a home improvement site. million homes with an ADU in the U.S. Home Values

Law 78

Homes With Pools Are Selling at a Premium

Empire Appraisal Group

Homes With Pools Are Selling at a Premium. Source: Homes With Pools Are Selling at a Premium | Realtor Magazine. The post Homes With Pools Are Selling at a Premium appeared first on Empire Appraisal Group. Home Values

Does Price Per Square Foot Give An Accurate Home Value?

Texas Home Appraisal Blog

In the world of real estate, it is very common for homes to be valued by their square footage. Understanding the way a price is set per square foot and how it works is seeing and understanding the market value of properties. appeared first on Austin Home Appraisal Team.

Condo Prices Are Shooting Through the Roof in Florida

Empire Appraisal Group

Over the past year, sales have rapidly been on the rise, whether for a permanent residence or even as a second home. More people were desiring space and distance from neighbors—single-family homes in the suburbs and exurbs surged. Home Values

8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history. But … home price growth will decelerate in the coming year, experts predict. Why home price growth will slow.

Single-Family Lot Values Have Never Been Higher

Empire Appraisal Group

Single-Family Lot Values Have Never Been Higher. Source: Single-Family Lot Values Have Never Been Higher | Realtor Magazine. Lot values for single-family, detached homes have never been higher. Home Values

Case-Shiller: Home Prices Soar at Record Pace in June

Empire Appraisal Group

Case-Shiller: Home Prices Soar at Record Pace in June. Source: Case-Shiller: Home Prices Soar at Record Pace in June | Florida Realtors. The S&P CoreLogic Case-Shiller 20-city home price index soared 19.1% Sales of existing homes rose 1.5% Home Values

NAR: Double-Digit Price Gains in Nearly Every Metro

Empire Appraisal Group

Home prices continued to surge in the second quarter as housing shortages and high buyer demand continue to persist amid the pandemic. The median sales price of single-family existing homes increased in 99% of the 183 metro areas tracked in the second quarter compared to a year ago.

Home Price Increase: The Highest in More than 15 Years

Empire Appraisal Group

Home Price Increase: The Highest in More than 15 Years. Source: Home Price Increase: The Highest in More than 15 Years | Florida Realtors. Home Price Increase: The Highest in More than 15 Years. In May, the number of available homes ticked up slightly, to 1.23 Home Value

Don’t Finish Your Basement (or Garage or Patio) IF…

JMV Lending

So said a borrower to me years ago after he reviewed an appraisal of his home that he clearly did not like (to put it mildly). Appraisals Our Blog appraisals appraiser finished basements home value

Homes With Pools Are Selling at a Premium

Empire Appraisal Group

Homes With Pools Are Selling at a Premium. Source: Homes With Pools Are Selling at a Premium | Realtor Magazine. Homes with pools have become the target of buyer envy since the pandemic began. Home Values

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal.

Does Light Rail Access Increase Property Values?

Empire Appraisal Group

Does Light Rail Access Increase Property Values? Source: Does Light Rail Access Increase Property Values? | It has long been a common perception that access to light rail in any market will improve the value of a house, particularly in the eyes of an investor. Home Values

Which home improvements add the most value? (Plus a few that don’t!)

REX Real Estate

Following a seismic shift toward working and schooling from home during the COVID-19 pandemic,… Home Improvement REX Tips Selling Your Home home improvement home renovations home value marketing your home selling a home

How to set the right price for your home

REX Real Estate

Want to get the most money out of your house?

Why Appraisers Often Come In So Much Lower Than Homeowner Estimates

JMV Lending

We once had clients who spent dozens (if not hundreds) of hours removing the popcorn ceilings from their $950,000 home. Because they put so much “sweat” into their equity, they were convinced that their home would appraise for substantially more when they were done.

8 things you can do to increase value in your home

REX Real Estate

While many have taken on the DIY approach for home improvement projects during the… REX Tips Selling Your Home energy efficiency home improvement home value

You wanted more homes to choose from and you got it so don’t miss out

Lamacchia Realty

It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house. However, with more homes coming on the market , listings receiving unusually large amounts of offers will begin to dwindle. Home inspections.

Should Home Sellers Get an Appraisal Before Listing? Here’s Why It’ll Cost You

Realtor

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. So with so much riding on this step of the home-selling process, you might be wondering: What does it hurt to go ahead and get an appraisal before you list?

Zillow: Expect another record year for home sales

Housing Wire

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. It also predicts home value appreciation to peak in June 2021 at 13.5%.

Report: Short Commute Isn’t as Important to Home Buyers These Days

Appraisal Buzz

Home values within a short commute of the country’s biggest downtown job centers are growing more slowly than those farther out, a new analysis from Zillow and HERE Technologies shows. Now, homes.

Buyers 312

The value of a house is NOT determined by the number of offers

Lamacchia Realty

It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house. However, with more homes coming on the market , listings receiving unusually large amounts of offers will begin to dwindle.

LEED Certification: What Is It And Is It Worth The Effort?

Quicken Loans

Many people want their home to be as energy efficient as possible. Real estate agents all over the United States boast that green homes may sell faster and for a higher price than traditional homes. Green Building Council (USGBC) for energy efficient homes.