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California Realtors discuss post-wildfire changes in Black neighborhoods

Housing Wire

Many Black families moved to these neighborhoods in the 1960s after redlining and interstate construction forced them out of other areas. ” Kalin closed his session with tailored advice for agents who are assisting landlords, buyers, and tenants with wildfire recovery. Landlords cannot raise rents by more than 10% until then.

Realtors 360
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Portrait of a pre-foreclosure peacemaker

Housing Wire

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. Helping the seller understand the true market value of the home given the condition can also be a challenge. After-repair value is the estimated market value of a property in fully repaired condition.

Retail 448
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Total Value of U.S. Homes Bordered $3T in 2024 

Appraisal Buzz

There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. We expect pricesand therefore home valuesto keep rising steadily this year because there are still enough buyers competing over a relatively small number of listings, compared to before the pandemic.

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Skyrocketing lumber prices add $36K to new homes

Housing Wire

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. “These lumber prices are clearly unsustainable. “These lumber prices are clearly unsustainable.

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Housing affordability drops slightly from 4Q 2020

Housing Wire

. “However, the first quarter reading of the HOI is an indication that housing affordability will further decline this year as higher lumber and other material costs and longer construction times will act as headwinds for the market.” Rising prices can be traced back to the onset of the COVID-19 pandemic in the U.S. .

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Off-the-grid deals: Distressed property trends and market insights

Housing Wire

Meanwhile, the average winning bid relative to after-repair value has been rebounding nationwide after a short-lived dip at the end of 2023 — both for foreclosure auctions and for REO auctions. The after-repair value is the estimated market value of a property in fully repaired condition. and up from 56.8% in Q1 2023.

Marketing 476
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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

TODAY’S HOME BUYERS ARE LIKE THE CARP. This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. This year, it appears that buyer panic is even worse than last year. That is a lot of bread!