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ValuationReview spoke to a panel of commercial real estate experts from the JLL Seniors Housing Valuation Advisory team regarding the notion that buyers and sellers may be seeing things differently now. Read on to learn more.
Additionally, lenders, investors, developers, and attorneys may request a commercial appraisal review if they have worries about rental delinquencies or vacancy rates. A real estate appraisal review is an excellent tool for a recently conducted commercial appraisal, to check if market comps and other property valuations remain the same.
Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. It’s important to know if your AVM will perform in an uncertain housing market and here are some tips for choosing the right AVM for property valuations. Find an Automated Valuation Model (AVM) with good coverage.
With 14 percent more people becoming first-time homeowners last year compared to the previous year, the personal-finance website WalletHub released its report on “2021’s Best & Worst Cities for First-Time Home Buyers.” Real estate in 300 cities of varying sizes were used to determine the best locations.
A new Zillow research finds most home buyers still tour homes in person and don't waive inspection contingencies. The housing market is historically hot with record home price appreciation and limited inventory, but the typical buyer submitted only two offers in 2021, and only about 1 in 10 waived an inspection.
With signs of a significant recovery for the second straight month in June pertaining to housing inventory, the latest Zillow Real Estate Market Report indicates the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor. But inventory remains low, and demand is still strong. Read on for more analysis.
Sparse inventory and high demand placed upward pressure on home prices, creating challenges across generations as buyer preferences shift, the reports said. CoreLogic released its Home Price Index and HPI Forecast for April 2021. Read on to learn more.
During the pandemic housing boom, buyers were incentivized to pay in cash because of low rates, which drove up competition and made all-cash offers an effective bargaining chip for those who could afford them.”. FHFA: Reducing Valuation Bias by Addressing Appraiser and Property Valuation Commentary. Control your fees.
Active military and veteran home buyers recently received good news from the Federal Housing Finance Agency (FHFA). The FHFA announced the new 2022 conforming loan limit of $647,200, which is an increase of 18.26
Additionally, north of $600 million a month in buying power for fully approved cash buyers was addressed. Ribbon said it reached a milestone of more than $650 million a month in RibbonCash Offers on its platform.
With the median home sales price having skyrocketed from $313,000 in Q1 2019 to $436,800 in Q1 2023, the personal-finance website WalletHub recently released its report on 2023’s “Most Affordable Cities for Home Buyers.” A comparison of 300 US. cities across 10 metrics were used for the survey.
The COVID-19 vaccine is likely to add more buyers and sellers to an already hot real estate market, according to a survey from Zillow. The survey found a large majority (70 percent) of homeowners saying they would be comfortable moving to a new home after widespread COVID-19 vaccine distribution. Read on for more survey numbers from Zillow.
Five federal regulatory agencies including the Consumer Financial Protection Bureau have finalized a rule that allows home buyers to request a reassessment of an appraisal as part of a residential real estate transaction.
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