Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Home values are up from year-ago levels in 46 of the 50 largest metro areas.

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

OCTOBER 13, 2022

Key findings of the study show: On a national scale, the median value of a mobile home is $61,400 to $220,000 less than that of a single-family home, although median mobile home values increased by an average of 34.58% from 2016 to 2021. Only in these states are median mobile home values more than $100,000.

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Home Value Law Housing Market Buyers 433

Real Estate News

NOVEMBER 20, 2024

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

Home Value 169

Home Value Buyers 169

Housing Wire

MAY 7, 2021

Installing extra shelves in the bedroom, creating new storage spaces in the garage or adding a cabinet in the kitchen are cost-effective ways to increase home value. . The primary bedroom and bathroom are big-ticket items for potential buyers. The post DIY projects to increase your home value appeared first on HousingWire.

Home Value 468

Home Value Home Improvement Modernization Buyers 468

Empire Appraisal Group

JUNE 20, 2024

Florida Home Values Skyrocket By Jennifer Torres The average Florida home value doubled in six years. MIAMI – The national median home price is twice what it was ten years ago. Molded by a storm of inflation, tight supply and surging demand, the average home price in the U.S. ©2024 Advance Local Media LLC.

Home Value 78

Home Value Construction Buyers Housing Market 78

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

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Clients Agents Buyers Sellers 459

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. Cleveland (3.0) Buffalo, NY (3.2)

Buyers 273

Buyers Advertising Inventory Home Value 273

Appraisal Partners Blog

SEPTEMBER 24, 2024

Imagine you’re ready to sell your home, but you’re unsure of its value. A home value comparative market analysis (CMA) is the answer. A CMA compares your property with similar homes that were recently sold. This helps you understand where your home fits in the market. How do you determine a fair price?

Home Value 78

Home Value Marketing Market Value Sellers 78

Real Estate News

FEBRUARY 24, 2023

A new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.

Home Value 220

Home Value Buyers 220

Appraisal Buzz

JULY 21, 2021

Home values within a short commute of the country’s biggest downtown job centers are growing more slowly than those farther out, a new analysis from Zillow and HERE Technologies shows. Now, homes. The post Report: Short Commute Isn’t as Important to Home Buyers These Days appeared first on Appraisal Buzz.

Buyers 370

Buyers Home Value Technology Appraisal 370

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. How is Home Value Measured?

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Renovations Home Value Valuation Market Value 121

Appraisal Buzz

JULY 16, 2024

homebuying season, Zillow’s latest monthly report finds that home listings are beginning to pile up as buyers step back from the peak of home shopping season earlier than usual. “A A growing segment of homes that aren’t competitively priced or well marketed are lingering on the market. elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-c

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

JULY 28, 2023

Buyers searching for starter homes in today’s market are on a wild goose chase because in many parts of the country, there’s no such thing as a starter home anymore,” said Redfin Senior Economist Sheharyar Bokhari. Austin buyers must earn $92,000, down 3.3% Austin buyers must earn $92,000, down 3.3%

Buyers 370

Buyers Housing Market Investors Real Estate 370

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer.

Home Value 74

Home Value Buyers Realtors Realty 74

Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

APRIL 11, 2022

Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. While cash-out refinance activity, which has been somewhat insulated due to strengthening home values, rose a mere 1.6% in March from February, rate-term refi originations fell 15.4%

Buyers 370

Buyers Mortgage Home Value Sellers 370

Eppraisal

NOVEMBER 5, 2024

One of the most effective strategies for increasing a home's appeal and ultimately its price tag is through smart remodeling. As we head into 2025, several key trends are emerging that will impact home value and attract buyers seeking modern and desirable features.

Home Value 36

Home Value Renovations Modernization Buyers 36

Birmingham Appraisal

MAY 21, 2024

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.

Home Value 74

Home Value Architecture Renovations Real Estate 74

Appraisal Buzz

JULY 30, 2024

Zillow defines a “starter home” as one that is in the lowest third of home values in a given region. Nationwide, the typical starter home is worth $196,611, which is comfortably affordable for a median-income household, Zillows says in its report. Starter home values have grown 54.1% Of the 237 U.S.

Home Value 369

Home Value Buyers Appraisal Marketing 369

Appraisal Buzz

AUGUST 8, 2024

“Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.

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Valuation Housing Market Marketing Home Value 417

Inman

APRIL 15, 2024

Seasonal price growth is highest in San Jose as buyers compete for extremely limited inventory, according to an analysis by Zillow.

Home Value 147

Home Value Inventory Marketing Buyers 147

Appraisal Buzz

JUNE 20, 2024

home, a buyer making the median income needs to put down nearly $127,750, or 35.4%. Just five years ago, when mortgage rates were hovering just above 4% and the typical home was worth nearly 50% less, that home would have been affordable with no money down. home , currently valued at $360,681, up 4.3%

Home Value 397

Home Value Buyers Housing Market Inventory 397

Appraisal Buzz

SEPTEMBER 27, 2024

Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros. This means buyers in many towns have to compete for a relatively small number of homes, which puts upward pressure on prices.”

Home Value 370

Home Value Real Estate Buyers Construction 370

Cleveland Appraisal Blog

AUGUST 6, 2021

Do you know of anyone who purchased a home within the past year? Below is a chart from the National Association of REALTORS article on home buyer regret. It reflects the results of a survey made by bankrate.com , which reflects the percentage of those who regret their home purchase, and the reasons why. Is this wise?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Housing Wire

NOVEMBER 7, 2024

Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times.

Insurance 482

Insurance Supply Chain Real Estate Design 482

Appraisal Buzz

JULY 10, 2024

VeroFORECAST evaluates home prices in over three hundred of the nation’s largest housing markets, and the company is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home values.

Home Value 390

Home Value Inventory Housing Market Buyers 390

Empire Appraisal Group

AUGUST 22, 2024

2024 Buyers Need to Earn 80% More Than in 2020 Over the past four years, escalating home values and mortgage rates have nearly doubled the monthly mortgage payment on a typical U.S. To comfortably afford a home, prospective buyers need to earn 80% more than they did just four years ago. at the end of January 2020.

Buyers 78

Buyers Home Value Finance Housing Market 78

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But home values and taxes have shot up in several neighborhoods.

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Property Taxes Home Value Government Valuation 541

Appraisal Buzz

OCTOBER 16, 2024

The “last call” for homes before the holiday shopping season ends is being boosted by reduced mortgage rates, which is attracting increased interest from both buyers and sellers. September proved the readiness of both buyers and sellers to return when conditions are right. Over the past year, home values have increased 2.4%

Marketing 221

Marketing New Listings Sellers Home Value 221

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Recent declines in mortgage rates have given buyers a small respite, increasing their purchasing power by tens of thousands of dollars.

Home Value 390

Home Value Luxury Properties Buyers Inspection 390

Eppraisal

AUGUST 27, 2024

When it comes to boosting the value of your home, every detail counts, and flooring is one of the most critical aspects that potential buyers notice. Both have their advantages, but how do they compare in terms of adding value to your home? One of the significant advantages of hardwood is its impact on home value.

Home Value 69

Home Value Design Investing Real Estate 69

Appraisal Buzz

OCTOBER 8, 2024

New Orleans Total housing units: 466,902 Vacant housing units: 67,704 Vacancy rate: 14.50% Most common reason for vacancy: Housing unit is for rent Share of vacant housing units empty for most common vacancy reason: 23.49% Median home value: $263,500 Median gross rent: $1,159 2.

Home Value 418

Home Value Housing Market Marketing Investors 418

Appraisal Buzz

SEPTEMBER 17, 2024

home value currently stands at $361,282, up 2.9% This analysis shows homeownership may be more within reach than most renters think,” said Zillow Home Loans Senior Economist Orphe Divounguy. For those who can put together a down payment, buying a home in these cities may be the right move. year-over-year.

Buyers 418

Buyers Home Value Insurance Mortgage 418

Housing Wire

MARCH 31, 2021

As work-from-home becomes more of a national norm, prospective homebuyers are seeking better home values in small towns that still offer a lot of amenities. ” The post Buyers flock to Bay City, Michigan for ultra-low home prices appeared first on HousingWire. ” Builders are backed up, too. .

Buyers 418

Buyers Investors Realtors Agents 418

Eppraisal

MAY 31, 2022

Nowadays home buyers want to purchase homes that are updated. Updated homes will garner higher home values. Among the key updates important to today's buyers are exterior and interior paint colors. The dominent impression is the home's colors.

Home Value 69

Home Value Buyers Real Estate Agent Design 69

Housing Wire

OCTOBER 24, 2023

We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around buyers. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We

Sellers 379

Sellers Home Value Client Relationships Agents 379

Housing Wire

AUGUST 8, 2024

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” Redfin economics research lead Chen Zhao said in a statement. Generationally, homes owned by millennials saw their aggregate value rise 21.5%.

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Home Value Housing Market Construction Buyers 435