Appraisal Buzz

JULY 12, 2024

housing inventory so tight right now, how can vacant properties play a role? Brian Cullen: Vacant properties hold the potential to provide significant relief to today’s inventory challenge. This has created an unnecessary bottleneck, causing properties that could otherwise be available and habitable to sit empty.

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Inventory Supply Chain Construction Property Taxes 221

Housing Wire

FEBRUARY 15, 2024

For that group, the median monthly cost of owning a home — which includes insurance and property taxes, among other things — is just over $600 (similar to the monthly cost for other generations with no outstanding mortgage, but other generations are far less likely to own homes free and clear),” the report stated.

Property Taxes 488

Property Taxes Insurance Construction Inventory 488

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. “Most of my clients are from out of state wanting to own second homes or investment properties here,” she said. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

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Housing Market Marketing Construction Development 545

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% It remained way below the 44.6% hit in the second quarter of 2021.”

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Investors Investing Inventory Real Estate 447

Housing Wire

DECEMBER 6, 2024

. “[Neighborhood Name] Market Snapshot: Q1 2025 Numbers Are In” “Price Per Square Foot: How [Your Area] Compares” “Sold in 24 Hours: What These Homes Had in Common” “Interest Rates Impact Report: What It Means for [Your City]” “New Construction vs. Resale: Current Market Analysis” “Luxury (..)

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Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. And it is a marginal rate tax - only the amount above each threshold is taxed.

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Real Estate Law Development Investors 370

Housing Wire

JANUARY 19, 2025

While those folks may not have the liquidity to buy another house while they decide on what to do with their destroyed home, there are scenarios where they add competition to a market thats already starved for inventory. Middle-class residents in Altadena are more likely to resort to rentals. But homeowners do have a few options for relief.

Property Taxes 397

Property Taxes Insurance Valuation Transportation 397

Annarbor Appraisal

APRIL 9, 2020

Houses in blue, condominium units in orange, new construction included. If prices had already started to level even with an extreme shortage of inventory, what will happen when the market unfreezes and buyers and sellers are free to move around again? What about property taxes and their effect on affordability?

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Will Springer Realtor

FEBRUARY 13, 2025

The projected slowdown could also reduce demand for new construction even though experts estimate our national housing shortage is about 4M units today. The researchers acknowledge that with such a steep housing shortage, the construction levels could be higher than their stark projections. Insert audible gasp here, perhaps?

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Property Taxes Design Buyers Market Value 36

Eppraisal

FEBRUARY 22, 2022

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. Not to be forgotten are property taxes, which will also rise in tandem with values.

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Housing Market Marketing Property Taxes Home Value 36

Chicagoland Appraisal Blog

APRIL 3, 2020

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom.

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Real Estate Agent Architecture Modernization Buyers 78

Appraisal Today

SEPTEMBER 22, 2023

At the current mortgage rate, and with a 20% down payment, homes priced at $250,000 will have a typical monthly payment of around $1,358, before property taxes and home insurance costs. Home prices in many markets have been supported by low inventory and resilient housing demand for available homes.” percent the previous week.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. “A million sq. a month ago.

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Architecture Design Buyers Construction 36

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic. Condo inventory is not much better.

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Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

DECEMBER 20, 2023

If your buyers can’t or won’t compete for scarce inventory, change your strategy. Look for new construction, even if your buyers don’t think they will like it. Often the tuition can be made up by the fact that buying out of the district costs less and has lower property taxes.

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Real Estate Agent Real Estate Buyers Clients 448

Housing Wire

OCTOBER 2, 2024

Are they looking in an area that actually has the type of property they want? Should they consider new construction? Find your buyer the right home Inventory is scarce, and will likely stay that way for a while. To do that, you need to use more than just Realtor.com , Homes.com and Zillow.

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Real Estate Agent Real Estate Clients Inspection 459

Will Springer Realtor

MAY 9, 2023

Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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Real Estate Modernization Construction Supply Chain 36

Housing Wire

FEBRUARY 5, 2025

Agents looking to specialize in an outdoor amenities niche might consider: Lakefront homes Mountain homes (think: the Adirondacks) Oceanfront or beachfront property Ski/Snowboarding resort properties (think: Whistler or Aspen) Farmland Vacant land Properties in these niches may have unique property taxes, zoning or development regulations.

Real Estate 254

Real Estate Real Estate Agent Architecture Clients 254

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

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Construction Inventory Property Taxes Development 36

Appraisal Today

JULY 8, 2022

Excerpts: Built sometime in the late 19th century, a Victorian-era row house was constructed on St. Paying high property taxes. Once you’ve saved up the thousands for a down payment on a mansion and managed to move in, don’t forget to budget for the sky-high property taxes you’ll be paying for as long as you own the home.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JUNE 11, 2024

Louis Sullivan, the so-called father of high-rise construction design, once said: “The skyscraper establishes the block, the block creates the street, and the street offers itself as a riverbed to the stream of life that flows through the city.” CONDO NEWS Graystone has formally completed construction on its residential tower.

Construction 36

Construction Real Estate Buyers Sellers 36

Will Springer Realtor

NOVEMBER 12, 2021

Seattle’s zoning regulations call for inclusionary housing in multifamily construction but most developers pay penalties instead of providing affordable units. Also, affected by the disruptions: builders and homeowners seeking to construct or update homes. Inventory across the county slipped after inching mostly higher a month earlier.

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Law Inventory Real Estate Government 36

Housing Wire

FEBRUARY 18, 2025

This is reflected in the newest survey data from the National Association of Home Builders (NAHB) as builder sentiment sank by 5 points from January to February, with the current index reading of 42 reflecting increased pessimism from the construction industry. Census Bureau data. home value.

Property Taxes 364

Property Taxes Mortgage Logistics Lending 364

Will Springer Realtor

MARCH 11, 2024

Inventory is slowly declining, with less than a third of the homes remaining on the market after much fanfare when the project was unveiled in 2018. Like many other construction projects, First Light confidently confronted issues ranging from the pandemic, supply-chain delays, change in the general contractor and concrete workers’ strike.

Insurance 36

Insurance Sellers Real Estate Buyers 36

Appraisal Buzz

JANUARY 13, 2025

However, lower short-term interest rates in 2025 would lower borrowing costs for homebuilders and could lead to an increase in residential construction. Tariffs will push prices for some of the goods used in home construction higher. labor market and result in labor shortages in many industries, including construction.

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Construction Supply Chain Government Housing Market 418

Housing Wire

JANUARY 21, 2025

In the memorandum, Trump went on to state that many Americans are unable to purchase homes due to historically high prices, in part due to regulatory requirements that alone account for 25 percent of the cost of constructing a new home according to recent analysis. and on building materials coming from China.

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Insurance Construction Government Supply Chain 448