Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 360

Housing Market Renovations Marketing Retail 360

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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Market Value Appraisal Marketing Buyers 244

Housing Wire

JANUARY 4, 2022

The new facilities are revolving, and we borrow only what we use to add inventory, where we continue to apply our disciplined approach to underwriting homes,” a spokesperson said. “In billion market value. Still, the company asserted the loans are not a risk but a “positive outcome that positions us well for the coming year.”.

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Logistics Renovations Real Estate Market Value 422

Housing Wire

DECEMBER 4, 2020

of market value across all markets since then. As more homeowners think about selling their homes within the next year, many won’t — because they are nervous about how to do it because of COVID, scarce inventory and general uncertainty,” Lane Hornung, zavvie co-founder and CEO, said in a statement.

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Sellers Market Value Inventory Marketing 370

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. trillion is roughly equal to France’s 2020 gross domestic product , or the combined market value of Amazon and Facebook. How much will be spent on homes?

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Housing Market Inventory Mortgage Market Value 407

Housing Wire

NOVEMBER 23, 2020

Steve Price, senior vice president of trustee operations at Auction.com, said this is likely because of the shift to vacant or abandoned properties that often come with more deferred maintenance – but the average price relative to estimated full market value increased to a 6.5-year year high in September.

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Buyers Real Estate Investors Retail 529

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. The listing price of the property is typically set below the current market value to generate immediate interest in the property.

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Sellers Real Estate Agent Real Estate Insurance 368

Housing Wire

NOVEMBER 19, 2020

Now, heirs will pay market value in taxes. Research shows this will open up more inventory. The latter is a big deal for the roughly 650,000 Californians who, since 2010, have received a tax break allowing them to maintain their relatives’ low property taxes when they inherit the home.

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Property Taxes Realtors Inventory Law 469

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.

Real Estate 431

Real Estate Marketing Real Estate Agent Agents 431

Eyes on Housing

DECEMBER 11, 2023

The continued lack of existing for-sale inventory has contributed to the growth in households’ real estate assets. According to the 2023 third quarter release of the Federal Reserve Z.1 1 Financial Accounts of the United States, household real estate assets grew for the second consecutive quarter. billion from $45.03 trillion in.

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Real Estate Inventory Market Value Marketing 150

Housing Wire

JULY 16, 2021

Many LOs still have a relatively full pipeline thanks to lower-than-expected mortgage rates and slowly climbing housing inventory – it will be a challenge convincing them to leave their current shops. billion market capitalization, less than half of its previous market value. The company now has a $4.2

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Mortgage Lending Brokerage Agents 385

Appraisal Buzz

SEPTEMBER 12, 2022

The exact cause for Zillow’s shutdown of its iBuying branch was its inability to predict local housing prices accurately while purchasing and turning over inventory at scale. With a $304 million inventory gone to waste, Zillow found it difficult to estimate home prices during the quick-changing pace of the housing market during the pandemic.

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Supply Chain Sellers Housing Market Appraisal 195

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 What if it doesn’t?).

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Marketing Mortgage Supply Chain Inventory 452

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Buying a home is not for the faint of heart, especially when inventory is so low and affordability is a challenge.

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Appraisal Contracts Tools Valuation 394

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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Home Value Market Value Brokerage Inventory 473

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.

Property Taxes 310

Property Taxes Realtors Law Inventory 310

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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Appraisal Market Value Contracts Agents 418

Lamacchia Realty

SEPTEMBER 18, 2021

1) Inventory will be at its peak The frenzied market that has all but consumed inventory has started to calm down just enough to make this more of a buyer’s market than we’ve seen since 2019. Is inventory still lower than in past years? Therefore, the low inventory and sky-high demand created extreme competition.

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Inventory Sellers Buyers Market Value 69

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

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

Appraisal Buzz

SEPTEMBER 20, 2021

Since market value is defined as the most probable price (with stipulations, of course), if your distribution is ‘normal’, then each of those measures will point to the same conclusion. As a practical matter, it is good to let your active inventory influence how you remove an outlier.

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Sellers Appraisal Inventory Buyers 195

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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Appraisal Market Value Contracts Agents 263

DW Slater Company

FEBRUARY 23, 2023

The biggest answer is inventory. The inventory is still at very low levels. There are multiple reasons that inventory is still low but two major reasons, are that building costs and supply chain issues keep new construction from building as much to meet demands and existing homes are not coming on the market.

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Inventory Marketing Supply Chain Appraisal 128

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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Inventory Sellers Agents Buyers 71

Town & Country Residential Appraisals

NOVEMBER 14, 2022

Appraisals are a report that indicates an opinion of market value for a property. In any of these cases, the effective date that reflects the estimated market value is a culmination of the data analysis in the market leading up to that date. Inventory was low and this created the perfect storm.

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Market Value Sellers Buyers Appraisal 49

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

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

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Real Estate Agent Real Estate Agents Reconsideration of Value 79

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some areas due to limited inventory.

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Construction Appraisal Process Appraisal Bracketing 80

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some areas due to limited inventory.

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Construction Appraisal Appraisal Process Bracketing 72

McKissock

MARCH 3, 2023

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.” ” Options introduced with this update include value acceptance (a.k.a.

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Valuation Appraisal Marketing Housing Market 82

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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Appraisal Buyers Transportation Real Estate 284

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

Housing Wire

APRIL 5, 2024

“The weather situation hasn’t been ideal, consumer confidence in the real estate market has weakened, interest rates are an issue and inventory is tight.” Although other local agents said they wouldn’t characterize the market as being in a lull, they agree that interest rates and inventory are two major challenges to overcome.

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Housing Market Marketing Inventory Agents 384

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Bracketing Marketing Sellers Buyers 61

Lamacchia Realty

JANUARY 4, 2022

A buyer’s agent will be familiar with local real estate market values and can negotiate a fair offer for the home. Settling Because You Think There’s Nothing Better In a typical year, the inventory of homes on the market fluctuates as the year progresses. A buyer’s agent looks out for your best interests.

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Buyers Agents Inventory Sellers 74

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. That’s where you, the lenders, can step in and help.

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Appraisal Inspection HOA Real Estate 78

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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Appraisal Marketing Sellers Valuation 370