Housing Wire

NOVEMBER 23, 2020

Steve Price, senior vice president of trustee operations at Auction.com, said this is likely because of the shift to vacant or abandoned properties that often come with more deferred maintenance – but the average price relative to estimated full market value increased to a 6.5-year year high in September.

Buyers 533

Buyers Real Estate Investors Retail 533

Housing Wire

JANUARY 13, 2022

These young buyers are not without headwinds, such as low affordable housing inventory, rising home prices and student debt. Younger millennials may have also helped as they moved back home during the pandemic at record numbers, thus skipped paying market value rent to a landlord. There are 23.4

Buyers 488

Buyers Inventory Landlords Housing Market 488

Housing Wire

JUNE 25, 2024

This keeps single-family inventory out of the hands of prospective buyers who may be looking to start raising families. Some Americans may not be able to decouple the market value of their home from the sentimental value.

Real Estate 417

Real Estate Sellers Market Value Buyers 417

Housing Wire

JANUARY 4, 2022

The new facilities are revolving, and we borrow only what we use to add inventory, where we continue to apply our disciplined approach to underwriting homes,” a spokesperson said. “In billion market value. Still, the company asserted the loans are not a risk but a “positive outcome that positions us well for the coming year.”.

Logistics 468

Logistics Renovations Real Estate Market Value 468

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. trillion is roughly equal to France’s 2020 gross domestic product , or the combined market value of Amazon and Facebook. How much will be spent on homes?

Housing Market 448

Housing Market Inventory Mortgage Market Value 448

Housing Wire

NOVEMBER 19, 2020

Now, heirs will pay market value in taxes. Research shows this will open up more inventory. The latter is a big deal for the roughly 650,000 Californians who, since 2010, have received a tax break allowing them to maintain their relatives’ low property taxes when they inherit the home.

Property Taxes 493

Property Taxes Realtors Inventory Law 493

Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

Real Estate 468

Real Estate Marketing Real Estate Agent Agents 468

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Appraisal Buzz

MAY 20, 2024

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. In a low inventory situation, numerous people may be interested in a single listing.

Appraisal 370

Appraisal Marketing Valuation Real Estate Agent 370

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

Property Taxes 433

Property Taxes Realtors Law Inventory 433

Housing Wire

AUGUST 28, 2023

It’s] essentially redlining — neighborhoods of predominantly people of color are given lower market value,” said one non-appraiser respondent. Similar to 2022, some 63% of non-appraiser members cited a lack of inventory among their greatest obstacles, followed by rising prices and declining affordability (54%).

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

DW Slater Company

FEBRUARY 23, 2023

The biggest answer is inventory. The inventory is still at very low levels. There are multiple reasons that inventory is still low but two major reasons, are that building costs and supply chain issues keep new construction from building as much to meet demands and existing homes are not coming on the market.

Inventory 133

Inventory Marketing Supply Chain Appraisal 133

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

MARCH 9, 2021

The brokerage calculated home-equity gains throughout 2020 for each neighborhood type for homeowners who purchased a home anytime during 2019, using January 2021 Redfin Estimates as a proxy for current market value. The terms “Black homeowner,” “white homeowner,” etc.

Home Value 497

Home Value Market Value Brokerage Inventory 497

Housing Wire

JULY 16, 2021

Many LOs still have a relatively full pipeline thanks to lower-than-expected mortgage rates and slowly climbing housing inventory – it will be a challenge convincing them to leave their current shops. billion market capitalization, less than half of its previous market value. The company now has a $4.2

Mortgage 435

Mortgage Lending Brokerage Agents 435

Cleveland Appraisal Blog

OCTOBER 14, 2021

Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. It may be due to inventory levels continuing to drop.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Appraisal Buzz

OCTOBER 2, 2024

A property is considered equity-rich if the total estimated loan sums secured by it do not exceed 50% of its estimated market value. Over the previous three quarters, equity had appeared to be stagnating, but rising prices along with low inventory and strong demand had increased equity-rich levels.

Mortgage 397

Mortgage Market Value Real Estate Inventory 397

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5 What if it doesn’t?).

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Eyes on Housing

SEPTEMBER 12, 2023

1 Financial Accounts of the United States indicates that the market value of households’ real estate assets increased over the quarter. Low existing for-sale inventory helped to increase real estate value after falling for three consecutive quarters. The second quarter of 2023 release of the Z.1 trillion from $42.07

Real Estate 183

Real Estate Market Value Inventory Marketing 183

Housing Wire

MAY 6, 2021

The hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment, the NAHB said. Rising prices can be traced back to the onset of the COVID-19 pandemic in the U.S.

Housing Market 468

Housing Market Market Value Marketing Construction 468

Housing Wire

MAY 21, 2024

It’s very, very market dependent right now. I’m still focusing on those markets with very low (retail) inventory. Meanwhile, the average winning bid relative to after-repair value has been rebounding nationwide after a short-lived dip at the end of 2023 — both for foreclosure auctions and for REO auctions.

Marketing 476

Marketing Investors Real Estate Investing 476

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Buying a home is not for the faint of heart, especially when inventory is so low and affordability is a challenge.

Appraisal 476

Appraisal Contracts Valuation Tools 476

Cleveland Appraisal Blog

JANUARY 5, 2023

While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. Something else to watch is housing inventory. Single-family home inventory in Cuyahoga County has increased considerably compared to the past two years.

Housing Market 374

Housing Market Marketing Appraisal Inventory 374

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. In a word, depreciation.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Housing Wire

AUGUST 11, 2022

Redwood’s earnings-review report states that the majority of jumbo inventory “yet to be sold or securitized in the current market is at lower coupons [3.5% That’s based on a comparison of the principal balance of the loans on the books and an assessment of their fair market value as reported by the REIT as of that date.

Mortgage 397

Mortgage Finance Lending Real Estate 397

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 418

Appraisal Market Value Contracts Agents 418

Housing Wire

SEPTEMBER 20, 2024

SW: With low inventory and volatile mortgage rates , this would seem to be a challenging market for fix-and-flip investors. Backflip real estate entrepreneurs — our members — can do fine in down markets, so long as they’re thoughtful about where and what they buy, and at what price point.

Real Estate 448

Real Estate Technology Business Investing 448

Appraisal Buzz

JUNE 10, 2024

Inventory is also losing momentum, which contributes to the decline in sales. New listings saw one of the weakest year-over-year increases (6.9%) since February, with high mortgage rates preventing homeowners from selling because it would entail giving up their cheap rate and attempting to sell their house in a slow market.

New Listings 397

New Listings Sellers Mortgage Agents 397

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. The listing price of the property is typically set below the current market value to generate immediate interest in the property.

Sellers 370

Sellers Real Estate Agent Real Estate Insurance 370

Housing Wire

APRIL 8, 2021

By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote. The stock value of Zoom grew 650% during this one year as many other aspects of the economy slowed or shuttered as a result of the shutdown.

Development 448

Development Lending Mortgage Marketing 448

Cleveland Appraisal Blog

AUGUST 6, 2021

HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. It’s one thing to pay more than market value for a home because of being in a bidding war. What about paying more than market value due to being in a bidding war? No one knows what the market will do tomorrow.

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Appraisal Buzz

SEPTEMBER 12, 2022

The exact cause for Zillow’s shutdown of its iBuying branch was its inability to predict local housing prices accurately while purchasing and turning over inventory at scale. With a $304 million inventory gone to waste, Zillow found it difficult to estimate home prices during the quick-changing pace of the housing market during the pandemic.

Supply Chain 195

Supply Chain Sellers Housing Market Appraisal 195

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 266

Appraisal Market Value Contracts Agents 266

Cleveland Appraisal Blog

MARCH 25, 2023

– Birmingham Appraisal Blog Tim O’Brien’s Journey in the Appraisal Industry: Following the Yellow Brick Road – PahRooZings: Appraisers On Purpose Podcast Appraiser Adjustment Tools – APPRAISAL TODAY Devalue Market Value?

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Supply Chain Appraisal Renovations Market Value 285