Appraisal Partners Blog

SEPTEMBER 24, 2024

Imagine you’re ready to sell your home, but you’re unsure of its value. A home value comparative market analysis (CMA) is the answer. A CMA compares your property with similar homes that were recently sold. This helps you understand where your home fits in the market. How do you determine a fair price?

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Housing Wire

JULY 29, 2022

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. Naples-Immokalee-Marco Island, FL 53.0% -16.7% Bellingham, WA 51.7% -8.3% increase to 6.7%

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Appraisal Buzz

JULY 16, 2024

homebuying season, Zillow’s latest monthly report finds that home listings are beginning to pile up as buyers step back from the peak of home shopping season earlier than usual. “A A growing segment of homes that aren’t competitively priced or well marketed are lingering on the market. elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap-lett

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Empire Appraisal Group

JULY 13, 2023

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. s Fastest Rising Home Values? Bethesda, MD (301) 215-4688 Source: [link] The post S.

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Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.

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Appraisal Buzz

SEPTEMBER 16, 2024

In July, the Zillow market heat index moved from favoring sellers to being in neutral zone. Up until October, sellers had the advantage across the country for the previous two years. Although it is taking longer than it has in the past, homes are selling faster than it did before the pandemic. Inventory levels are -30.8%

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Appraisal Buzz

OCTOBER 18, 2024

This was due to the leveling of home prices: After bouncing up in the spring and then flattening, the median home value was virtually unchanged at the end of the third quarter at about $360,000. Home values remained at or near record levels around large swaths of the country, keeping seller profits far above historical levels.

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Birmingham Appraisal

MAY 21, 2024

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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Appraisal Buzz

NOVEMBER 20, 2024

The moving decisions of buyers and sellers may not be as hampered by winter weather in Southern states, for example. A dip in competition translates to softer home value appreciation, with monthly drops in home values reported in Austin, Dallas, Atlanta, Tampa, and San Antonio. home value hit $360,385 in October.

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Appraisal Buzz

AUGUST 8, 2024

Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. 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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Appraisal Buzz

OCTOBER 16, 2024

The “last call” for homes before the holiday shopping season ends is being boosted by reduced mortgage rates, which is attracting increased interest from both buyers and sellers. More sellers entered the market as a result of that rate drop. Over the past year, home values have increased 2.4%

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Appraisal Buzz

OCTOBER 8, 2024

New Orleans Total housing units: 466,902 Vacant housing units: 67,704 Vacancy rate: 14.50% Most common reason for vacancy: Housing unit is for rent Share of vacant housing units empty for most common vacancy reason: 23.49% Median home value: $263,500 Median gross rent: $1,159 2.

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Housing Wire

NOVEMBER 19, 2024

This mortgage-free cohort “represents almost 40% of American homeowners and includes anyone wealthy enough to not need home financing at all, as well as people who have lived in their property long enough to have paid down most of their mortgage or cleared it entirely,” the report explained. homeowners. There was an estimated 3.97% (or $624.6

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Realtor

SEPTEMBER 19, 2023

Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. Here’s who: Your appraiser—who’s happy to go to the office and pull 20 or 30 comps.

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Empire Appraisal Group

SEPTEMBER 22, 2022

A Key to Home Values. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. Some street and neighborhood names are more associated with expensive homes than other names. A Key to Home Values | Florida Realtors.

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Clear Capital

FEBRUARY 1, 2024

The difference in predicted home values that consumers see and the accurate values that often take them by surprise could be due to a disconnect between marketing and underwriting goals.” Today, it’s an accepted norm to show homebuyers or sellers an automated home value that is accurate enough to get their attention.

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Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. homes, valued at $19.7 homes, worth $13.6 of homes in the U.S., valued at nearly $7.7 ” U.S.

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Housing Wire

SEPTEMBER 9, 2024

RealTrends Verified is accessible through RealTrends.com and HousingWire.com , attracting significant search traffic from homebuyers and sellers seeking top agents, teams and brokerages at the city, state and national levels.

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Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Housing Wire

AUGUST 8, 2024

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” Redfin economics research lead Chen Zhao said in a statement. Generationally, homes owned by millennials saw their aggregate value rise 21.5%.

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Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% fall in August 2024.

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Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. This is more than twice the 4% proportion that existed prior to the epidemic and up from 7.6% a year earlier.

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Appraisal Buzz

JUNE 26, 2024

These computer models cannot be unreliable or biased, even if they can offer crucial information to lenders, buyers, and sellers. Although it can be tempting to believe that bias can be eliminated from computer models, this is not possible.

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Appraisal Buzz

JULY 19, 2021

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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Appraisal Buzz

OCTOBER 1, 2024

The increasing unpredictability of weather is a wakeup call for homeowners to protect their homes and wallets,” said Rocco Mango, Interim CEO of Leaf Home. “By By investing in essential upgrades, homeowners can safeguard their property while increasing home value in the long term.”

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Housing Wire

JUNE 5, 2024

home values is growing faster that the more commonly viewed metric of listing price. By comparison, the national median list price for a home jumped 37.5% Buyers, sellers and agents can then assess whether a property is priced appropriately based on factors such as location and condition.

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Appraisal Buzz

SEPTEMBER 17, 2024

home value currently stands at $361,282, up 2.9% This analysis shows homeownership may be more within reach than most renters think,” said Zillow Home Loans Senior Economist Orphe Divounguy. Metros Where Mortgage Payments are Lower Than Rent Click here for more information on Zillow analysis of renters versus home buyers.

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National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

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Housing Wire

APRIL 15, 2024

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. Sold homes were listed for a week or less in 17 major metros. Competition in the housing market is heating up heading into May and June.

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Housing Wire

NOVEMBER 3, 2023

The homegenius Platform provides users access to a number of services including: homegenius connect, which allows homebuyers and sellers to access a network of qualified and experienced real estate professionals. Geniusprice, an automated and instant home value estimate driven by AI, advanced machine learning and homegeniusIQ.

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Eppraisal

JUNE 3, 2022

Homes with the perfect amount of landscaping make it onto the covers of home magazines and can be the talk of the block. Landscaping has an impact on home values and the ability to sell homes. When you landscape your home, be sure not to over-landscape or under-landscape.

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Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

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Housing Wire

JUNE 17, 2024

It will help you identify sellers very early, giving you access to them before they’re talking to other agents. After you choose your neighborhood or zip code, Offrs activates your area, enabling you to get contact info for leads, sorted by category (FSBO, predictive sellers, expired listings, and exclusive leads).

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Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The information being displayed is for illustrative purposes only.

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Housing Wire

FEBRUARY 25, 2021

The “Zestimate,” Zillow’s catchy ( and soapy ) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home value is to guide the company on a “limited subset of homes” in 20 markets.

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Housing Wire

MAY 2, 2021

Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower. Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle.

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Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Spoiler alert.it’s not what it sells for. This short clip provides a common sense overview, below that we get more into the weeds.

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