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Hispanic Homeowners Reduce the Home Value Gap

Appraisal Buzz

Zillow has found that Hispanic homeowners are making great strides in narrowing the home value gap with white homeowners over the past two years—regaining ground lost during the pandemic. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% from 17.9%.

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Examining 2024 Home Price Trends 

Appraisal Buzz

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. Jul-06 134.00 Feb-12 -27.4%

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Savvy real estate agents look beyond ChatGPT

Housing Wire

It re-emerged in the AI scene in October 2012. Geoff Hinton, a professor at the University of Toronto, and two students, constructed a viable neural network. Also introduced In the 1950s, was the concept of building a neural network to empower computers. However, it was deemed as too challenging technologically so it languished.

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8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. The share of entry-level homes in overall construction declined from 40% in the early 1980s to around 7% in 2019. “A Two economies.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

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How to Find Comps With Few Sales

Appraisal Today

A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. Even tract homes are still interesting to me. The four-bedroom home at 1313 Jefferson Ave. was converted in 2012, when visionary mariner Capt. I researched and learned about the market. percent the previous week.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The report found that 91.3K

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