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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

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.

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Renovations That Increase Home Value in BC: Our Top 8 Picks

D Fritz Appraisals

Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation. Fritz Appraisals Inc.

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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. 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.

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Applying the concept of social media networks to property valuation

Housing Wire

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. With access to a property database of more than 5.5

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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.

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Property taxes have been rising. Here’s what it means for housing

Housing Wire

The market has since cooled off, but taxes are going up. That, combined with higher home valuations from sales last year, has meant that the average homeowner will pay an extra $130 annually in tax through fiscal year 2024, according to the county. single-family home was $3,901, up 3% compared to 2021, ATTOM reported.

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Clear Capital and BeSmartee Partner to Bring Home Value Verification Solution to Mortgage Lenders

Clear Capital

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.