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?

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Housing Wire

MARCH 6, 2024

Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

Mortgage 348

Mortgage Real Estate Inventory Construction 348

Housing Wire

FEBRUARY 14, 2024

The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow ’s January market report. Total inventory was up more than 3% from January 2023. year over year.

New Listings 363

New Listings Sellers Housing Market Buyers 363

Housing Wire

SEPTEMBER 15, 2023

“I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. Year-over-year new listings were down 14.4%.

Buyers 391

Buyers Mortgage New Listings Real Estate Agent 391

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. But until then, the housing market will remain red-hot.” ” How real estate agents can alleviate consumer pain points in a tight market.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Housing Wire

JULY 13, 2021

Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.” in May and a peak of 74.1% million and 1.92

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

Miller Samuel

JUNE 28, 2020

Keeping Housing Market Results From The Public Is Never Justified: An Expansive View. When the Covid-19 crisis began halfway through March, the Manhattan housing market was placed on “pause,” as were many housing markets around the country. Hiding DOM as a marketing strategy.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Housing Wire

AUGUST 1, 2023

Zillow and Redfin’s partnerships come at a time when buyers are increasingly turning to new construction due to a rate lock-in effect caused led by high mortgage rates. New single-family home sales rose 23.8% in June from a year ago while the market saw 28% fewer new listings added during the same period.

Construction 338

Construction Advertising Real Estate Real Estate Agent 338

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. Builder confidence in single-family homes dropped to 83 in January from 86 in December, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

Supply Chain 416

Supply Chain Inventory Housing Market Real Estate 416

Housing Wire

AUGUST 10, 2020

Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.

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Agents Business Inventory Real Estate Agent 544

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 353

Real Estate Real Estate Agent Agents Brokerage 353

Housing Wire

SEPTEMBER 21, 2023

On a national basis, year-over-year MLS production reports show the average real estate agent’s income is down 28%. And because of the inconsistency in agents’ monthly production, this movement is creating confusing information in your market data reports. The bottom line?

Agents 371

Agents Real Estate Real Estate Agent Business 371

Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases. Put another way, the metro area had a net gain of 415 more new listings.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. How to vet real estate agents as a seller.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Eppraisal

JUNE 20, 2023

Now that you've assessed your financial readiness, obtained a pre-approval for a mortgage, and engaged a real estate agent, it's time to dive into the exciting process of researching and finding your dream home. List your desired amenities (e.g., backyard, garage, etc.)

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Real Estate Agent Open Houses Real Estate Inspection 36

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. OCTOBER HOUSING UPDATE. That’s the first time a Fed official has acknowledged the U.S.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. But there is one thing for certain: technology has changed the overall industry.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Empire Appraisal Group

JANUARY 4, 2023

NEW YORK – The U.S. housing market is in an uneasy state of equilibrium. The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. housing market presents a landscape of contrasts and evolving dynamics. Is The Housing Market OK?

Appraisal 82

Appraisal Contracts Real Estate Housing Market 82

Birmingham Appraisal

JUNE 1, 2022

As an appraiser, we must stay on top of what is going on in the market or we can miss the mark on value. Because real estate agents and appraisers are striving for similar results (estimating accurate value) we can all gain valuable insight from the same market data.

Agents 52

Agents Marketing Contracts Inventory 52

Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. OCTOBER HOUSING UPDATE.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36