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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year. As the U.S.

Valuation 417
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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As

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Daren Blomquist’s 2023 housing outlook

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Retail 498
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How deal terms can affect a home’s value

Housing Wire

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. FMV is based on what we consider neutral terms, where the risk is equally shared between the buyer and the seller. the purchase price).

Sellers 430
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How Many U.S. Homeowners Remain Equity-Rich? 

Appraisal Buzz

of mortgaged residential properties in the US were deemed equity-rich in Q3, which means that the total estimated amount of loan balances secured by those properties was no more than half of their estimated market values. property Seller Profit Margins Fall Slightly Across U.S. From a recent peak of 49.2% Compared to the 2.4%

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Prices for luxury homes soared in the first quarter 

Housing Wire

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.

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Portrait of a pre-foreclosure peacemaker

Housing Wire

Helping the seller understand the true market value of the home given the condition can also be a challenge. After-repair value is the estimated market value of a property in fully repaired condition. Sometimes the seller wants one month rent back. I give them everything. Here are your options.

Retail 430