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The Bay Area is the country’s 4th-hottest housing market

Housing Wire

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

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Portrait of a pre-foreclosure peacemaker

Housing Wire

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Helping the seller understand the true market value of the home given the condition can also be a challenge.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. I also developed the replacement value, and I had comparable land sales from the neighborhood. That is a lot of bread! Be safe out there!

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Seattle’s already-hot real estate market is exploding

Housing Wire

The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.” cities determined that Seattle is the top market for real estate agents to currently work in. . “That’s incredibly strong appreciation.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. And the agent they initially used was less expensive than hiring a certified appraiser.

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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. One excellent resource is local real estate agents.

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