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.
Cleveland Appraisal Blog
MARCH 30, 2021
This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. I also developed the replacement value, and I had comparable land sales from the neighborhood. That is a lot of bread! Be safe out there!
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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?
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. One excellent resource is local real estate agents.
Cleveland Appraisal Blog
MAY 26, 2023
Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. And the agent they initially used was less expensive than hiring a certified appraiser.
Housing Wire
OCTOBER 10, 2023
And the market has gotten much darker over the last few years. After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I For lenders and brokerages, the risks of LOs or agents overstepping are high.
Housing Wire
OCTOBER 9, 2023
And third, the only thing of value that the referring party may receive is a return on an ownership interest. What the investigators are finding — not in every case, but in a majority of the cases — is that the investment is proper and they are paying fair market value for the investment.”
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