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Home prices haven’t risen this fast since 2005

Housing Wire

Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Robert Frick, corporate economist at Navy Federal Credit Union , noted that some builders are slowing production in hopes prices will come down as the supply chain recovers.

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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

Know what average home values are in your area. (2) 2B) Use assessor data to determine $/sf of improvement and ratio of site to overall value for site value ratio. Expand and then narrow your scope and consider applicable report data. 2) Fill in the Cost Approach form. (2A)

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The Reality of Major Home Renovations

Eppraisal

Renovations are a great way to boost home value and aesthetics. There Will Be Project Delays Lousy weather, supply chain disruptions, lengthy permit approvals or other sudden complications can stretch your project timeline. The ROI Reality Check A well-planned remodel can drive up your home value.

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How Will War, Inflation and Rising Interest Rates Affect the Real Estate Market

Eppraisal

From the Russian invasion of Ukraine to continued supply chain disruptions to increasing urban crime to inflation -- always inflation -- we are bombarded with challenging circumstances and pessimistic forecasts. Does Inflation Help or Hurt Home Value? As inflation climbs, so follows home value.

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The Current State of The Homebuilding Industry

Eppraisal

economy, home building prominent among them. From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. The last few years took a toll on many sectors of the U.S.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

With material and labor shortages, and supply chain issues it is taking a year-and-a-half to two years to complete a property. In addition to impacting homebuyers, in Florida, Williams believes rising insurance costs may lead to lower home values. “If

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New home sales fell again in February

Housing Wire

“Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. months supply. This is an increase of 3.3%