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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Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. I’m still focusing on those markets with very low (retail) inventory.

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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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Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

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Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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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. According to a recent survey, 73% of real estate firms reported an increase in seller impersonation attempts this year. We can reverse this trend.

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Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. They are only one part of the puzzle that appraisers have to put together to form a credible value opinion.

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DW Slater Company

JUNE 6, 2022

How much does a murder impact the value of a property? Like most things in real estate, the answer is “it depends” According to a 2001 study by James Larsen , a professor of finance at Wright University, “a cross-section of homes where homicides, suicides or hauntings were reported sold for 2.9 It is interesting.

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Housing Wire

AUGUST 28, 2023

“[It’s] essentially redlining — neighborhoods of predominantly people of color are given lower market value,” said one non-appraiser respondent. Similar to 2022, some 63% of non-appraiser members cited a lack of inventory among their greatest obstacles, followed by rising prices and declining affordability (54%).

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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

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The Robert Weiler Company

JULY 7, 2020

A little over two years ago, our hometown paper, The Columbus Dispatch, published an article about an emerging trend: the rapid growth in demand for industrial real estate in Central Ohio. With about 2 million square feet of industrial real estate in just two facilities, Amazon was king. Already, according to U.S.-Israeli

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Housing Wire

OCTOBER 10, 2023

All are violations of the 1974 Real Estate Settlement Procedures Act (RESPA) … or maybe they aren’t — it depends on the circumstances and who you ask. That’s because real estate agents and loan officers are in survival mode and desperate to close new business. However, the Freedom case represented a “wakeup call.”

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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 Offerpad is a six-year-old company founded by its current CEO Brian Bair, a longtime real estate investor. billion market value.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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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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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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Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve noticed recently that when I call real estate agents to confirm information about properties I am using in my appraisal, almost every agent answers their phone and if they don’t, even if I don’t leave a message, they call me back. Something else to watch is housing inventory.

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McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. Now, with over a decade of experience in the real estate profession, these skills have made her the go-to Millennial real estate expert at RESIS.

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Cleveland Appraisal Blog

MAY 13, 2021

But how do rainbows relate to real estate transactions? In a real estate transaction, everyone has a different view. Real estate agents have a view of what the home should be listed for, based upon their research and experience. This is the strongest seller’s market I have ever seen.

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Housing Wire

APRIL 28, 2021

The hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment, the NAHB said. thus, increasing inventory and driving overall prices down. “These lumber prices are clearly unsustainable. .”

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Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , The REIT, with some $2.8

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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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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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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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Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. It may be due to inventory levels continuing to drop.

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Housing Wire

JANUARY 13, 2022

These young buyers are not without headwinds, such as low affordable housing inventory, rising home prices and student debt. Younger millennials may have also helped as they moved back home during the pandemic at record numbers, thus skipped paying market value rent to a landlord. There are 23.4

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Cleveland Appraisal Blog

AUGUST 6, 2021

HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. It’s one thing to pay more than market value for a home because of being in a bidding war. What about paying more than market value due to being in a bidding war? No one knows what the market will do tomorrow.

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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 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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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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Eppraisal

OCTOBER 31, 2023

Search real estate listing sites to find suitable candidates.  Better yet, use a real estate agent to do a comparative market analysis and calculate your home’s value impartially. Use them as a starting point for a conversation with your real estate agent.

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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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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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Cleveland Appraisal Blog

MARCH 25, 2023

Here are some links to other articles I think you might also enjoy… Housing Concerns About Bank Runs – Housin g Notes by Jonathan Mille r The Power of Praise – Rachel Massey, SRA, AI-RRS, IFA Working RE What is the Role of Market Trends in a Real Estate Appraisal?

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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. What do these things indicate?

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Cleveland Appraisal Blog

JUNE 10, 2021

As usual, I’ve started yet another post talking about a random thing that has nothing to do with real estate. But wait, perhaps there is something we can learn from this alleged marketing tactic. I view my card as a great way to advertise my real estate services. Is the housing market starting to slow?

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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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