Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

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Housing Market Marketing Inventory Agents 388

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5

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Marketing Mortgage Supply Chain Inventory 449

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. As a result, there’s less demand for the available inventory, creating more price adjustments. See chart below.

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Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

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Real Estate Marketing Real Estate Agent Agents 429

Housing Wire

NOVEMBER 19, 2020

Now, heirs will pay market value in taxes. On the flip side, the measure may also free up much-needed inventory in the state, as it protects senior homeowners who want to sell their current home and downsize, but have been afraid of much higher taxes. Research shows this will open up more inventory.

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Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. In a word, depreciation.

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Housing Wire

MARCH 9, 2021

The brokerage calculated home-equity gains throughout 2020 for each neighborhood type for homeowners who purchased a home anytime during 2019, using January 2021 Redfin Estimates as a proxy for current market value. The terms “Black homeowner,” “white homeowner,” etc.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. It may be due to inventory levels continuing to drop. Be safe out there!

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Housing Market Marketing Reconsideration of Value Contracts 367

Cleveland Appraisal Blog

MARCH 25, 2023

– Birmingham Appraisal Blog Tim O’Brien’s Journey in the Appraisal Industry: Following the Yellow Brick Road – PahRooZings: Appraisers On Purpose Podcast Appraiser Adjustment Tools – APPRAISAL TODAY Devalue Market Value?

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Supply Chain Renovations Appraisal Market Value 280

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

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Property Taxes Realtors Law Inventory 314

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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McKissock

MARCH 3, 2023

Early signs of a housing market rebound are halted by rising interest rates. In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.”

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Lamacchia Realty

SEPTEMBER 13, 2022

comparative properties or “comps” is the primary way market values can be indicated, however in a volatile market such as this one in 2022, other factors need to be considered. It is necessary to look at the date the offer was accepted on a home because you must consider what the market was like at that time. ?If

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McKissock

MARCH 3, 2023

Early signs of a housing market rebound are halted by rising interest rates. In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.”

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Valuation Appraisal Marketing Housing Market 52

McKissock

MARCH 3, 2023

Early signs of a housing market rebound are halted by rising interest rates. In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.”

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Valuation Appraisal Marketing Real Estate 52

Eppraisal

OCTOBER 31, 2023

 Better yet, use a real estate agent to do a comparative market analysis and calculate your home’s value impartially. Appraisal Mortgage lenders use home appraisal reports to make credit decisions, so hiring an appraiser can help you learn about your home’s current market value more objectively.  This

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Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. The demand for housing decreased with the higher mortgage rates as it decreased buyer power. The biggest answer is inventory.

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Inventory Marketing Supply Chain Appraisal 128

Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. Click here to visit their website.

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Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted.

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Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Housing Market Marketing Appraisal Inventory 369

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. In a low inventory situation, numerous people may be interested in a single listing.

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Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. NAR’s recent Existing Home Sales report showed that pre-spring home sales were up 23.7

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Appraisal Today

JULY 1, 2023

Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices First American Blog June 26, 2023 Excerpts:“Nominal house prices need to adjust to the reality of higher mortgage rates for the housing market to become more affordable and balanced, but a fundamental housing supply shortage is keeping a floor on how low house prices can go.”In

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Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

Patch of Land

APRIL 4, 2018

As a result of the housing collapse, some people have been reticent to buy a house, let alone flip one. But now, the housing market is back and on the upswing. 7 Cities with Higher Inventory. Utica, NY – 57% average discount off market value. Columbus, GA – 52% average discount off market value.

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Market Value Renovations Real Estate Inventory 33

Cleveland Appraisal Blog

JUNE 10, 2021

A couple of weeks ago, a homeowner hired me to appraise a four-unit apartment because they want to sell it, and needed to know the market value of the property, to know how much to sell it for. The Roaring Twenties For Housing – Housing Notes by Jonathan Miller. Is the housing market starting to slow?

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Business Advertising Appraisal Real Estate 273

Lamacchia Realty

OCTOBER 13, 2022

Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Market value is determined by sales, not the high hopes of a seller. The market has continually changed in most cases from when the property closed to when the comps are pulled. Time and Comps.

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Housing Wire

MAY 6, 2021

The hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment, the NAHB said. Other affordable small markets included Fairbanks, Alaska, Monroe, Michigan, Wheeling, West Virginia, and California-Lexington Park, Maryland.

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Housing Market Marketing Market Value Construction 420

Housing Wire

JANUARY 13, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. enters the third year of the pandemic, the 2022 housing market remains on stable ground.

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Buyers Inventory Landlords Housing Market 454

Housing Wire

AUGUST 11, 2022

The REIT, however, warns that there are still plenty of low-rate jumbo mortgages for the nation’s housing market to digest. Redwood’s earnings-review report states that the majority of jumbo inventory “yet to be sold or securitized in the current market is at lower coupons [3.5% Non-QM lender First Guaranty Mortgage Corp.

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Mortgage Finance Lending Real Estate 377

Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Chance to really irritate annoying real estate salespeople. Walk around holding a clipboard just like “Skip” down at the Jiffy Lube. percent of total applications from 39.4

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Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. With a shortage of inventory, it was not hard to imagine why this might be the case. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

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Appraisal Investors Buyers Market Value 195

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Cleveland Appraisal Blog

MARCH 15, 2023

– Sacramento Appraisal Blog Market Still Holding On as Low Inventory Persists – February Newsletter – DW Slater Company Blog Take That, Fannie Mae! – The Real Value Podcast with Blaine Feyen USPAP and Expanding Horizons. Are We Going to Change or Die?

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