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Home Values Surge in Q2

Appraisal Buzz

of mortgaged residential properties were considered equity-rich, a term indicating that the combined estimated loan balances secured by those properties were no more than half of their estimated market values. of homes were equity-rich, matching a high point reached in the spring of the previous year.

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Survey: Cluttered Yards and Neighbors’ Junk Can Slash Home Values

Appraisal Buzz

What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit? A team of researchers for StorageUnits.com surveyed some 500 licensed agents to determine how clutter in and around a seller’s home, as well as the surrounding neighborhood, impacts a property’s asking price.

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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

“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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Almost half of homes in the US are now ‘equity-rich’: ATTOM

Housing Wire

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. in the first quarter of 2024 to 2.4%. to 34.7%.

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Property taxes have been rising. Here’s what it means for housing

Housing Wire

“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. For sure, it can dampen demand and, by extension, harm prices in some markets.”

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Market Correction or Seller Panic?

Appraisal Buzz

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation.

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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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