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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 Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. trillion.

Valuation 417
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Here’s how brokerage valuation works

Housing Wire

Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. Second, the residential housing market is highly seasonal, highly cyclical and as we are all keenly aware, highly volatile. As such, valuations have indeed been suppressed.

Valuation 430
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Denver’s housing market takes sharp turn toward buyers

Housing Wire

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

Buyers 451
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Dear sellers, the housing market misses you

Sacramento Appraisal Blog

Sellers have been sitting, and it’s been a game-changer for the housing market in 2023. It’s also made valuations more difficult. Today I want to share some stats and talk about appraising in today’s market. Scroll by topic or digest slowly.

Sellers 292
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Lumber prices, bias, & slowing in the housing market

Sacramento Appraisal Blog

Let’s talk about lumber, food in listings, that leaning building in San Francisco, bias in valuations, and a slowing vibe in the housing market. I’ve got a few things on my mind today. Some light stuff and some deep stuff. Skim topics or digest slowly. 5 THINGS ON MY MIND 1) Lumber is lower (sort […].

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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. And all of those prospective homeowners flocking to the city are fighting for the same small pool of houses.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. So, the servicing valuation on those loans is strong, because pre-payments are low.