Appraisal Buzz

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. This is the first time a market has held the title for consecutive years. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible.

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Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Appraisal Buzz

JANUARY 2, 2025

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. National Index showed a 0.3%

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Inventory Buyers Home Value Housing Market 359

Housing Wire

MARCH 26, 2025

The construction of Interstate 210 (aka the Foothill Freeway) through the northwest neighborhoods of Pasadena displaced about 3,000 Black residents in the 1950s. According to UCLA, 57% of the Black homeowners who lost homes there were older than 65. The average home value in Altadena is $1.3 million , according to Zillow.

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Insurance Construction Transportation Home Value 337

Housing Wire

AUGUST 8, 2024

rise in total value compared to June 2023 and 120% higher than in June 2014. New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. Generationally, homes owned by millennials saw their aggregate value rise 21.5%. That’s a 6.6%

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Housing Wire

APRIL 15, 2024

Competition in the housing market is heating up heading into May and June. Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report.

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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.

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Housing Wire

OCTOBER 14, 2021

Over the same time period, home values grew 31.2%. In the past two years, prices have grown an additional 22%, which should come as no surprise, as more than half of homes sold this past July went for above list price and there appears to be no end in sight, as Goldman Sachs predicts that home prices will rise another 16% in 2022. .”

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Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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Insurance Housing Market Marketing Agents 370

Appraisal Buzz

SEPTEMBER 5, 2024

The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond. million homes.

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Construction Inventory Housing Market Contracts 459

Appraisal Buzz

OCTOBER 7, 2024

The firm’s quarterly VeroFORECAST report evaluates home prices in over three hundred of the nation’s largest housing markets and taxes into account the interrelationships of numerous economic, housing, and geographic variables pertaining to home value.

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Inventory Housing Market Valuation Home Value 361

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

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Landlords Home Value Construction Renovations 488

Appraisal Buzz

AUGUST 16, 2024

housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% Investor activity in the U.S. increase from a year earlier.

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Investors Property Taxes Housing Market Real Estate 370

Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. months supply. This is an increase of 3.3% after a 10.4% drop in January.

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Supply Chain Housing Market Buyers Construction 397

Appraisal Buzz

FEBRUARY 27, 2025

The current housing market is very different from the one that existed five years ago, right before the COVID-19 pandemic was declared worldwide in March 2020. While the financial hurdle is higher, the home-shopping process has improved. Home values nationwide have increased by 45.3% With home prices rising 40.3%

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Housing Market Marketing Home Value Tenants 150

Housing Wire

DECEMBER 6, 2024

Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools. RealTrends.com Housing market data by city and state, agent news, and advice.

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Housing Wire

JUNE 10, 2022

Stacy Esser: First, rising interest rates are one of the most closely watched trends in the housing market. As rates rise, it becomes more expensive to borrow money for a home purchase. This can lead to a slowdown in the housing market since buyers are hesitant to commit to a purchase when rates are high.

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Sellers Inventory Housing Market Buyers 397

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. The number of pending homes in the Northeast rose 6.5%

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Contracts Realtors Home Value Housing Market 321

Housing Wire

JUNE 24, 2024

The Seattle area is a hot housing market. According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% Overall Seattle-area construction costs have stabilized in the last year, but remain 40% higher than pre-pandemic,” the Times noted. year over year.

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Renovations Property Taxes Supply Chain Law 394

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. Although the U.S.

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Investors Tenants Real Estate Property Taxes 468

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 123

Housing Wire

SEPTEMBER 22, 2021

Reacting to NAR’s report, Mike Fratantoni, chief economist at the Mortgage Bankers Association , said that new inventory is expected to come online, with more than 700,000 homes under construction. home builders started more than 1.6 million homes in August, up 3.9% home builders started more than 1.6

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Inventory Buyers Realtors Home Value 418

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. In November, the U.S.

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Home Value Construction Buyers Housing Market 78

Housing Wire

APRIL 24, 2023

Less demand for homes will cause home values to drop in many neighborhoods. Falling home prices will not only make it more difficult for retirees but will impact existing homeowners that may want to purchase something larger or in a more desirable neighborhood. GDP, roughly $3 trillion.

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Housing Wire

MAY 25, 2021

“The housing market dynamics are pushing up prices of homes to the point that new homes especially are increasingly out of reach for lower-income and even many middle-income Americans,” Frick said. “All told, there is little, if any, indication that home prices will slow their appreciation anytime soon.”

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Appraisal Buzz

JULY 5, 2021

If there’s anything the whole industry can take away from the past year, it’s that hands-on practice and being in someone’s home to appraise it isn’t just easier — it’s more effective. The housing market is on fire right now with so many people moving out of larger cities and looking to buy a property of their own.

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Housing Wire

JUNE 29, 2021

The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. With a nearly $75,000 gap, it becomes evident that homes in Otay Ranch at higher risk also have lower property values. The post Are higher-risk homes cheaper?

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

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Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . Empty sails in single-family. We estimate that the national median rent fell by 0.8

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Marketing Investing Investors Landlords 448

Appraisal Buzz

JULY 30, 2024

Access to Equitable Housing for All “Housing means dignity, safety, and security, and as a Senator who grew up in public housing, I know that strengthening housing availability and affordability is critical to helping folks establish a solid foundation to build a healthy future,” said Sen. home value is $363,438 , up 3.8%

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Construction Investing Inventory Law 221

Empire Appraisal Group

SEPTEMBER 22, 2022

A Key to Home Values. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. Some street and neighborhood names are more associated with expensive homes than other names. A Key to Home Values | Florida Realtors.

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Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

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Real Estate Law Property Taxes Marketing 459

Housing Wire

MAY 25, 2021

Applying this concept to the housing market, it is possible to construct a network of properties—a network graph algorithm. Leveraging a network graph algorithm to select comparables the same way a trained local expert does is just one of the innovations driving CoreLogic’s new Total Home Value X AVM. .

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Valuation Training Home Value Appraisal 210

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In addition, home values and sales skyrocketed. In combination with low housing inventory and labor shortages, that drove up selling prices.

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Housing Market Marketing Inventory Supply Chain 78

D Fritz Appraisals

JANUARY 29, 2025

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia.

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Appraisal Valuation Property Taxes Inspection 78

Cleveland Appraisal Blog

OCTOBER 29, 2021

They all have done their studies and have provided their analysis of what their data reflects the total economic life of a home to be based upon its quality of construction. One observation I have made is that different cost data services may vary a little in their analysis of what the total economic life of a home is.

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Empire Appraisal Group

DECEMBER 19, 2024

Moderating home price increases are welcome news for home buyers, Yun says. With wage growth now outpacing home price appreciation, housing affordability will improve. Buyers may find more inventory in the new-home sector as builders continue to ramp up construction.

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