Appraisal Buzz

AUGUST 13, 2024

metropolitan areas saw home prices rise in the second quarter of 2024, with one area reaching a historic milestone, according to the latest report from the National Association of Realtors (NAR). First-time buyers faced even steeper challenges, with affordability worsening due to rising home prices and limited inventory.

Buyers 396

Buyers Mortgage Home Value Marketing 396

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. Home Sales Report.

Inventory 78

Inventory Buyers Real Estate Realtors 78

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. The main factor influencing home prices is inventory.

Buyers 273

Buyers Advertising Inventory Home Value 273

Housing Wire

FEBRUARY 1, 2023

So, while the rate of home-price gains is trending downward, home values are still appreciating overall. The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The “Queen city of the Ozarks” needs more homes. Still, Augusta home prices are not immune to national trends.

Housing Market 333

Housing Market Marketing Real Estate Agent Agents 333

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. Borrowers, especially those who are least experienced, say they rely on referrals from family, friends or realtors to choose lenders. “In

Mortgage 293

Mortgage Finance Investing Home Value 293

Housing Wire

MAY 25, 2023

These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. million homes bought and sold in the U.S. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million, of those homes.

Loan Officers 387

Loan Officers Real Estate Agent Real Estate Finance 387

Cleveland Appraisal Blog

OCTOBER 1, 2021

This week, I am also working on a new Home Value Stories podcast episode. When you’re downsizing your home with a pet as your roommate, your animal may experience anxiety and uncertainty during the entire moving process. I think you’re going to enjoy her article. Especially if you have pets and are thinking of downsizing.

Appraisal 243

Appraisal Valuation Realtors Modernization 243

Cleveland Appraisal Blog

AUGUST 6, 2021

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.

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Housing Wire

FEBRUARY 8, 2024

Current inventory: Monitor the current homes available for sale, including the types of homes, price ranges and unique property features. Price trends : To understand market dynamics, consider how prices have changed over time for different property types like single-family homes or condos.

Real Estate 331

Real Estate Tools Agents Real Estate Agent 331

Empire Appraisal Group

NOVEMBER 23, 2022

Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. Navigating a once-in-forty-years market transition has required us to operate with urgency and discipline to manage risk and overall inventory health,” Eric Wu, co-founder and CEO of Opendoor said in a statement. “In

Realtors 78

Realtors Inventory Sellers Home Value 78

Eppraisal

JANUARY 28, 2022

and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3% The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. We continue to see home values rise in this winter market.

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Empire Appraisal Group

APRIL 21, 2022

Source: Listing Prices Hit Highest Median Ever | Realtor Magazine. However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected to hit positive territory year over year this summer, according to realtor.com®’s

Inventory 78

Inventory Buyers Construction Realtors 78

Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

Real Estate Agent 68

Real Estate Agent Real Estate Agents Sellers 68

Housing Wire

DECEMBER 6, 2024

Realtor Property Resource (RPR) Instant local market reports, shareable graphs and reports, neighborhood reports and local insights. RealTrends.com Housing market data by city and state, agent news, and advice.

Real Estate 312

Real Estate Clients Tools Sellers 312

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Eppraisal

DECEMBER 6, 2022

Yet it is another day at the office for realtors, lenders, attorneys and title agencies. An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. Buying and selling property is a big event for those gaining the asset and for those making money on the deal.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Empire Appraisal Group

AUGUST 29, 2024

Each month, Florida Realtors® publishes a bevy of housing statistics, but few are examined as often as the median sale price of homes. The market price stat rolls all the closed sales in the previous month together, with 50% of homes closing for prices above and the other 50% of homes closing for prices below the middle number.

Realtors 78

Realtors Inventory Marketing Buyers 78

Chicagoland Appraisal Blog

JULY 13, 2017

You see all these potential ways to deal with this problem happen after the home appraisal is completed. What are realtors doing beforehand? I wrote a blog post titled 4 things you should tell the home appraiser when selling that was meant to be a conversation starter however that has evolved since I wrote it.

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. Appraisers are more in control of home values than many people think.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Eppraisal

MAY 12, 2021

If you're in the market to buy a home right now, you're probably finding out that it's not easy. According to the National Association of Realtors (NAR) existing home sales are -3.7% This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Home Junction

APRIL 30, 2020

A recent survey at the beginning of April by the National Association of Realtors found a large majority of agents report activity has slowed down drastically. “Realtors do expect there will be a rebound,” says Lautz. For example, consider these three data offerings: Trends in home prices.

Marketing 69

Marketing Real Estate Home Value Agents 69

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 5.7% Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market. As a result, there is increased competition for available homes and average prices have continued to increase as well. cities per the Zillow Home Value Index.

Real Estate 53

Real Estate Sellers Home Value Buyers 53

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. But … home price growth will decelerate in the coming year, experts predict. Why home price growth will slow. years in 2010, and 6.4

Inventory 78

Inventory Housing Market Construction Real Estate 78

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5 And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S.

Housing Market 52

Housing Market Marketing Inventory Loan Officers 52

Lamacchia Realty

MARCH 28, 2023

However, the sooner you list your home, the more you will sell it for versus waiting a few more months. Right now, inventory is near its lowest, but there are serious buyers in the market looking to purchase. Once inventory starts to rise, that advantage weakens. MASSACHUSETTS Home Sales Down 22.8% Sales are down 22.8%

Sellers 64

Sellers Inventory Buyers Real Estate 64

Lamacchia Realty

DECEMBER 19, 2023

Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. As a result, there is increased competition for available homes and average prices have continued to increase as well. Working with an experienced REALTOR® can help you get the most money for your home!

Real Estate 58

Real Estate Sellers Buyers Realtors 58

Cornerstone

MARCH 3, 2021

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. Experts project that home values will continue to increase throughout the year. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat.

Sellers 59

Sellers Bracketing Inventory Buyers 59

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market.

Marketing 78

Marketing Real Estate Investing Retail 78

Eppraisal

APRIL 27, 2021

Today's Market Home values have been rapidly increasing over the past year. This is mostly due to the low inventory of homes available for sale. The National Association of Realtors estimates that the annual median home prices will increase by 8% in 2021 and by 5.5%

Property Taxes 50

Property Taxes Home Value Landlords Insurance 50

Listing Spark

SEPTEMBER 25, 2023

Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable. Financially secure homeowners are firmly anchored to their homes with interest rates at 3% or 4%, and they are unwilling to trade that security in an uncertain market for rates north of 7%.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

Marketing 57

Marketing Sellers Buyers Inventory 57

Lamacchia Realty

DECEMBER 19, 2023

Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. As a result, there is increased competition for available homes and average prices have continued to increase as well. Working with an experienced REALTOR® can help you get the most money for your home!

Real Estate 52

Real Estate Sellers Buyers Realtors 52

Clear Capital

JANUARY 31, 2022

The January 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 3.4 This is an enormous amount of stimulus, and it helped drive the 20% increase in home values last year, as well as the big increase in the stock market. months’ worth of inventory at the current pace.

Marketing 69

Marketing Real Estate Inventory Housing Market 69

Round Rock Appraisal

JUNE 23, 2013

A great place for families of all sizes, Teravista has homes from 1,500 square feet to over 5,000 square feet and ranging in price from $160,000 to over $575,000. Inventory and Sales : The neighborhood is currently experiencing quite a boom with sales up 55% over the last year. With an absorption rate of around 17.3

Housing Market 36

Housing Market Marketing Home Value Construction 36

Lamacchia Realty

MARCH 28, 2023

Many sellers are hesitating to list their homes to keep their low, pandemic mortgage rate, but we are starting to see an increase in homes listed meaning more options and therefore less competition in the market. Sellers, right now is the best time to get your home on the market to sell it for more than you would in a few months.

Sellers 47

Sellers Inventory Buyers Real Estate 47