Appraisal Buzz
AUGUST 2, 2024
of mortgaged residential properties were considered equity-rich, a term indicating that the combined estimated loan balances secured by those properties were no more than half of their estimated market values. of homes were equity-rich, matching a high point reached in the spring of the previous year.
Appraisal Buzz
OCTOBER 4, 2024
What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit? A team of researchers for StorageUnits.com surveyed some 500 licensed agents to determine how clutter in and around a seller’s home, as well as the surrounding neighborhood, impacts a property’s asking price.
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Appraisal Buzz
AUGUST 8, 2024
While San Francisco’s aggregate home value is approximately $700 billion, when combined with neighboring Oakland and San Jose, the Bay Area’s total market value nears $2.5 New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.
Housing Wire
SEPTEMBER 8, 2023
This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. Future ARV (after-remodeled value): The projected market value post-renovations.
Housing Wire
AUGUST 1, 2024
of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. In addition, the number of homes with a mortgage balance of more than 25% of the property’s estimated market value — or “seriously underwater” — fell from 2.7%
Housing Wire
NOVEMBER 7, 2023
single-family home was $3,901, up 3% compared to 2021, ATTOM reported. ATTOM’s figures are estimates based on an analysis of local tax data, home values and the use of an automated valuation model. High tax burdens can play a major factor in whether buyers get priced out of a potential home purchase,” Barber said.
Appraisal Buzz
JULY 18, 2022
Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation. 1] [link]. [2]
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