Housing Wire
APRIL 19, 2024
Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.
Appraisal Buzz
JULY 25, 2024
Redfin defines “luxury homes” as those estimated to be in the top 5% of their respective metro area based on market value, and non-luxury homes as those estimated to be in the 35th-65th percentile based on market value. The number of new listings of luxury homes increased 11%, far outpacing the 2.6%
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Appraisal Buzz
AUGUST 8, 2024
In a decade, the value of U.S. Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. Rural home values rose 7% year over year to $7.8 trillion in June 2014. trillion.
Appraisal Buzz
JUNE 10, 2024
New listings were 98,467, representing a 6.9% Active listings were 923,747, representing a 15.8% I’ve seen buyers get a home under asking price when it has been on the market for a few weeks. This is $26 below all-time high set during the 4 weeks ending April 28. YoY change. Pending house sales decreased 3.8%
Cleveland Appraisal Blog
JANUARY 5, 2023
Due to active listings being at historic lows, the increasing housing inventory is more reflective of fewer homes being sold rather than new listings. Single-family home inventory in Cuyahoga County has increased considerably compared to the past two years.
Housing Wire
NOVEMBER 5, 2023
Geographic targeting The core idea of circle prospecting is geographic targeting, where real estate agents focus their marketing and outreach efforts on a specific neighborhood or area. May I ask, have you thought about selling your home, or are you curious about its current market value?” It’s a great time to sell.
McKissock
MARCH 1, 2021
Some want me to summarize the market data and give concise guidance on market values. I need to stay on top of the market and every new listing to assist them with navigating through what is the right information and what is to be ignored. Millennials who are looking for a home research everything.
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