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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

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?

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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

Later on, declining rates opened up supply in urban markets where inventory would normally be locked up due to buyers staying put with low interest rates. Now, suburban dwellers who migrated from urban areas to suburban areas are returning to cities, driving home values up in those areas. Jaro is ahead of Fannie and Freddie.

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Working with buyers in the nation’s hottest housing market

Housing Wire

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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Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. When a house comes on the market, buyers flock to it. Most listings are receiving multiple offers so property values are continuing to rise.

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Record Share of Million-Dollar Homes Makes Buying More Challenging

Appraisal Buzz

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.

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Buyers flock to Bay City, Michigan for ultra-low home prices

Housing Wire

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.

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Appraisal or Inspection: Which Do You Need?

East Coast Appraisal

While trying to buy a home, you may have found out that some lenders require their borrowers to have an appraisal and/or an inspection completed. Some lenders may only require an appraisal and leave the decision about an inspection up to you. Home appraisals are a way to determine the value of the home.