Appraisal Buzz

JULY 11, 2024

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed.

Mortgage 397

Mortgage Government Lending Technology 397

Housing Wire

AUGUST 10, 2023

In June, insurance giants State Farm and Allstate pulled out of California’s home insurance marketplace, citing mounting construction costs. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.

Insurance 370

Insurance Construction Realtors Development 370

Housing Wire

MARCH 23, 2023

We didn’t have the credit stress issue from 2010-2023 like we did from 2005 through 2008. Census Bureau and the Department of Housing and Urban Development. The builders will pull back on construction when the supply is 6.5 months of homes under construction: 269,000 homes 1.8 percent (±15.3 percent (±12.9

Inventory 545

Inventory Housing Market Construction Marketing 545

Housing Wire

MARCH 23, 2022

The fact that the 23% home-price growth level has been smashed in just two years and inventory just collapsed to all-time lows has created the most unhealthy housing market post-2010. Census Bureau and the Department of Housing and Urban Development. months and above, the builders will pull back on construction. percent (±11.9

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. Herbert serves as Managing Director of the Joint Center for Housing Studies of Harvard University, and has experience conducting research related to housing policy and urban development, both in the U.S.

Development 221

Development Government Project Management Design 221

Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Buzz

SEPTEMBER 25, 2024

She was promoted to VP in 2010, COO in 2013, and CEO in 2016. Brooks remains a leader in a male-dominated industry, and has become a role model for other women looking to advance in the construction space. Beasley helped build Roofstock, an award-winning technology-enabled platform for investors in the single-family rental sector.

Marketing 221

Marketing Property Management Investing Real Estate 221

Empire Appraisal Group

DECEMBER 19, 2024

Home sales have been essentially stuck at around a 4-million-unit pace for the past 12 months, but factors usually associated with higher home sales are developing, says NAR Chief Economist Lawrence Yun. million, this is the lowest sales activity for existing homes since October 2010. from a year ago, NARs latest housing report shows.

Inventory 78

Inventory Buyers Real Estate Realtors 78

Appraisal Buzz

FEBRUARY 14, 2022

I welcome your constructive and thoughtful comments. This is clear when looking at development on Broadway, but it’s also apparent on this graph. In fact, Capital Public Radio reported that Oak Park’s black population dropped by 24% since 2010. Sometimes crossing the street can make all the difference for value.

Appraisal 195

Appraisal Buyers Real Estate Legal 195

Simonson Real Estate

JANUARY 23, 2020

An example is the Hydes Development in Fridley industrial property where they put together food truck Fridays, happy hours, etc. Xcel Energy building constructed in 2016 totaling 222,000 square feet sold for close to $500/SF with a mid-5.5% Midway Field, with Allianz Field development. 2010 – 2019: 40% rent growth.

Real Estate 78

Real Estate Tenants Retail Valuation 78

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. months, the greatest since April 2010 (14.5

Housing Market 68

Housing Market Marketing Construction Buyers 68

Robinson Appraisal Group

NOVEMBER 16, 2018

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. So what is the 1004MC form? To perform true trend analysis you need to compare apples to apples.

Tools 78

Tools Appraisal Lending Inspection 78

Birmingham Appraisal

AUGUST 14, 2024

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. As a result, developers and buyers began to favor smaller, more affordable homes to reduce financial risk. Based on information provided by the U.S.

Bracketing 62

Bracketing Construction Design Real Estate 62

The Robert Weiler Company

NOVEMBER 9, 2022

Hundreds of international companies call Columbus their home, including Battelle Memorial Institute, the world’s largest private research and development foundation. Census Bureau, Columbus, Ohio has ranked #1 for population growth among comparable large Midwest metro areas between 2010 and 2020. from 2010 to 2020.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. Most recently, the 2010 build became one of the most expensive homes on the market when it hit the market in early August at the greatly reduced $26 million listing price. And now, the chateau is again up for grabs.

Appraisal 89

Appraisal Contracts Business Construction 89

Appraisal Today

JULY 26, 2024

As strategies continue to develop and evolve, we believe it’s important to engage and communicate with stakeholders, so here are three key items we believe appraisers should keep top of mind in 2024. It’s a necessary step in developing credible reports. Market adjustments should not be viewed as a filler adjustment. Worth reading.

Appraisal 90

Appraisal Valuation Reconsideration of Value Contracts 90

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. New Construction The new home construction sector has taken much of the residential spotlight this year. Unlikely. “I

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

JUNE 16, 2021

According to the lobbying group, construction of long-term housing fell 5.5 The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.

Housing Market 538

Housing Market Marketing Construction Development 538

Zillow

OCTOBER 25, 2018

While the number of Americans living in rural areas has been roughly stable over the past century - as urban and suburban America have boomed - its share of the total population has declined, falling from 54 percent in 1910 to just 19 percent in 2010. Tribune, Kansas, offers such a program. "If Curtis, Nebraska, has a sweet deal for you.

Home Value 36

Home Value Construction Renovations Development 36

Will Springer Realtor

JULY 6, 2021

Constructed in 2010 with high standards, the concrete-and-steel, eight-story structure was first opened as an apartment until owners decided to convert each unit and open as a condo later this year. Businesses are reopening, lines are forming outside popular weekend brunch spots and new living options are taking hold.

Modernization 36

Modernization Buyers Real Estate Development 36

Will Springer Realtor

APRIL 13, 2021

For construction geeks, it’s rare to see a pair of towers rise from the ground at the same time. Building developer Westbank – which is constructing First Light in Belltown and other residences in Bellevue – purchased a decommissioned Boeing 747 fuselage and plans to hang it above the walkway that separates the towers.

Retail 31

Retail Construction Development Design 31

Will Springer Realtor

AUGUST 15, 2023

However, builders are now delivering 28% of all homes available for sale in the country – or roughly 734K units sold annually (through June) – as buyers have been drawn to sales promotions such as mortgage-rate buydowns from developer-backed lenders or “free” upgrades. Medium new home prices across the U.S.

Sellers 61

Sellers Buyers New Listings Inventory 61

Appraisal Today

MARCH 22, 2024

There’s no rationale or logic for this not being done years ago as a required adjustment, starting in 2010. For those who don’t know, I’ve been involved in appraisal form development, from scratch. Across the street from my office, an old marina property is being developed into housing. Do the right thing.

Appraisal 73

Appraisal Contracts Business Insurance 73

Will Springer Realtor

FEBRUARY 8, 2023

The good news is that people still want to live downtown, with the population at about 95K, a 67% increase since 2010 – quite remarkable growth in a dozen years. SEATTLE VOTES ON HOUSING ISSUE Seattle residents voted this week on whether the city should establish a public developer to build permanently affordable housing.

Retail 36

Retail Design Development Landlords 36

Will Springer Realtor

APRIL 11, 2022

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. For buyers, they can only hope.

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

FEBRUARY 13, 2025

The projected slowdown could also reduce demand for new construction even though experts estimate our national housing shortage is about 4M units today. The researchers acknowledge that with such a steep housing shortage, the construction levels could be higher than their stark projections. Thats up from 63% in 2010.

Property Taxes 36

Property Taxes Design Buyers Market Value 36

Appraisal Today

JULY 19, 2024

What’s in This Newsletter (in Order) Confirming Construction Progress The New UAD: “Don’t Borrow Trouble.” The legendary property is owned by energy trader Michael Whalen, who gave the place a massive renovation after buying it in 2010 for $2.1 I have seen specific streets in developed cities without public sewers.

Appraisal 87

Appraisal Insurance Contracts Business 87

Will Springer Realtor

DECEMBER 13, 2022

Contributing to improving the mood should be the anticipated 900,000 or so two-unit-plus housing under construction across our country that will start to come online in 2023. Locally, permits for single- and multi-family home construction are down about 20% from this time last year. In his estimate: “Homebuilding’s going to contract.”.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. While these are promising developments, there will always be the affordability question. million sq. That’s up from 2333 sq.

Architecture 36

Architecture Design Buyers Construction 36

Assurance Financial

NOVEMBER 9, 2021

Increased construction: Large influxes in new housing construction often result in buyer’s markets — just because homes are being built doesn’t mean there will be buyers interested in them. However, due to the local government’s development laws, the supply remained low.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. The effort was led by lawyer Edward Bassett, who went on to develop freeways and parkways. . = Zoning laws in the U.S. The benefits of zoning are innumerable.

Law 36

Law Development Design Government 36

Will Springer Realtor

AUGUST 9, 2024

BELLEVUE’S DYNAMIC GROWTH COMES WITH PAIN, HOPE I have lived in the Seattle metro area since 2010 and enjoyed working on the Eastside for the first six years before gravitating to real estate sales. That’s up 24% from 2010. of new construction fully leased across Bellevue in the final quarter of 2023.

Design 36

Design Real Estate Sellers Buyers 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Now, home builders would need to construct as many as 1.2 We are on the right track. million units.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JULY 10, 2024

Among the latest examples, parishioners at Overlake Christian Church in Redmond have partnered with developer Evans Wakefield to construct 800 affordable rental units on a portion of land currently used for parking. Recent developments bring a glimmer of hope. We went into detail about the issue in last month’s newsletter.

Development 36

Development Design Buyers Marketing 36

Will Springer Realtor

NOVEMBER 14, 2023

when rounded up) on an annual basis – is the lowest since October 2010. In this environment, mortgage rates will remain elevated, New Construction Buyers are shopping for more newly built homes as developers offer eye-popping financing options to help keep sales moving forward. Early estimates call for a modest increase in U.S.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

APRIL 8, 2021

The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. . >> In a separate study from ATTOM, price appreciation is now outpacing wage appreciation in 90% of U.S. housing markets. STATE CAPITAL UPDATE.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. People love experiences to fill their memory bank and social media feed – and real estate developers are listening. I like it when a condo developer and its sales team collaborate on a creative offer for prospective buyers.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36