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Luxury Home Values Snapshot

Appraisal Buzz

A new analysis from Zillow has found that luxury home value growth has now outpaced appreciation on typical homes for five consecutive months. The typical luxury home—defined by Zillow as the most valuable 5% of homes in a given region—is worth about $1,620,000. Luxury home values across the U.S.

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Veros: Lack of Inventory Will Continue to Boost Home Price Appreciation

Appraisal Buzz

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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Home Values Up Nearly 20% From Last Year

Appraisal Buzz

People were not just fighting to get gifts this holiday season, they were also eager to get into homes entering the market in droves. But those that entered the market were not just fighting astonishingly low inventory levels, but record high prices as well.

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Home Value Appreciation Slows

Appraisal Buzz

For the first time since January, home value appreciation slowed month over month in August. More accurately, the market has eased from “white hot to merely red hot,” as Zillow’s Nicole Bachaud puts it. The post Home Value Appreciation Slows appeared first on Appraisal Buzz.

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The agents dominating Miami’s real estate market

Housing Wire

Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors.

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Zillow Reports Notable Recovery in Housing Inventory

Appraisal Buzz

Housing inventory saw significant recovery for the second straight month in June, indicating that the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor, according to the latest Zillow Real Estate Market Report. Intense demand for houses over the course.

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In states with the most agents and tough sales markets, savvy real estate pros turn to rentals for growth

Housing Wire

For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country. Home insurance premiums have climbed 45% from 2017 to 2022, contributing to a slowing sales market. inflation climbing to 2.6% Data from RentSpree and the U.S. Last year, 44.5