How High Will The Birmingham Real Estate Market Get?
How High Will The Birmingham Real Estate Market Get?
Where Is The Birmingham Real Estate Market Headed? Just when you think the Birmingham real estate market can’t get any higher, it does. When I say high, I’m not only talking about sale prices but the number of offers as well. Even though it’s not the highest price ever paid in this area, there was […]
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Where Is The Birmingham Real Estate Market Headed? Just when you think the Birmingham real estate market can’t get any higher, it does. When I say high, I’m not only talking about sale prices but the number of offers as well. Even though it’s not the highest price ever paid in this area, there was […]
The post How High Will The Birmingham Real Estate Market Get? appeared first on Birmingham Appraisal Blog.
Related posts:
How might the new Collateral Underwriter affect appraisers, agen...
Where Is The Birmingham Real Estate Market Headed? Just when you think the Birmingham real estate market can’t get any higher, it does. When I say high, I’m not only talking about sale prices but the number of offers as well. Even though it’s not the highest price ever paid in this area, there was […]
The post How High Will The Birmingham Real Estate Market Get? appeared first on Birmingham Appraisal Blog.
Related posts:
How might the new Collateral Underwriter affect appraisers, agen...
From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. I like to get multiple perspectives on what is happening and in order to do that I review stats from multiple sources such as the Greater Alabama MLS, Redfin, and Altos Research to name a few. A lot of time the actual numbers from these sources may vary slightly, however, the general market trends ...
From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. I like to get multiple perspectives on what is happening and in order to do that I review stats from multiple sources such as the Greater Alabama MLS, Redfin, and Altos Research to name a few. A lot of time the actual numbers from these sources may vary slightly, however, the general market trends ...
This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning, probate, divorce, PMI cancellation, pre-listing, and pre-purchase. Appraisals are not something most people order on an ongoing basis so they are not really familiar with everything that is included. Because so many people have asked me, “What does a real estate appraisal include?” I thought it would be a good idea to create a blog post to help everyone...
This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning, probate, divorce, PMI cancellation, pre-listing, and pre-purchase. Appraisals are not something most people order on an ongoing basis so they are not really familiar with everything that is included. Because so many people have asked me, “What does a real estate appraisal include?” I thought it would be a good idea to create a blog post to help everyone...
With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. We’ll take a look at some key metrics including sales volume, median sales price trends, days on market, the sale price to list price ratio, active listings, and months of supply. Number of Homes Sold
The number of homes sold is a key indicator of market activity. There is a direct relationship between the health of the market and buyer activity. ...
With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. We’ll take a look at some key metrics including sales volume, median sales price trends, days on market, the sale price to list price ratio, active listings, and months of supply. Number of Homes Sold
The number of homes sold is a key indicator of market activity. There is a direct relationship between the health of the market and buyer activity. ...
Hurricane Ian made landfall in Naples Florida on September 28th, 2022. The storm surge breached most if not all of the beachfront condos and homes in the area. The water also crept into several homes on canals and bays that are connected to the gulf as well as some of the buildings located within 3 blocks of the Gulf of Mexico.
How Will Hurricane Ian Impact the Luxury Real Estate Market in Naples?
It is still yet to be seen but often times history is the best guide as to what will happen in the ...
Hurricane Ian made landfall in Naples Florida on September 28th, 2022. The storm surge breached most if not all of the beachfront condos and homes in the area. The water also crept into several homes on canals and bays that are connected to the gulf as well as some of the buildings located within 3 blocks of the Gulf of Mexico.
How Will Hurricane Ian Impact the Luxury Real Estate Market in Naples?
It is still yet to be seen but often times history is the best guide as to what will happen in the ...
The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers. If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID...
The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers. If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID...
Feds Increase Rate On July 27 the Federal Reserve increased the federal funds rate yet again by .75%, in an attempt to fight inflation. While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and affect the interest rates consumers pay on short-term mortgage loans. Affect of Rate Hike on Mortgage Interest Rates The rate hike is affecting short-term rates more than long-term rates such as mortgages. It’s been several weeks since the...
Feds Increase Rate On July 27 the Federal Reserve increased the federal funds rate yet again by .75%, in an attempt to fight inflation. While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and affect the interest rates consumers pay on short-term mortgage loans. Affect of Rate Hike on Mortgage Interest Rates The rate hike is affecting short-term rates more than long-term rates such as mortgages. It’s been several weeks since the...
When the real estate market’s hot, there are always buyers who want to wait for prices to come down before buying a house. But as Kim Holderness illustrates in a hilarious video — where she stars as both a homebuyer and an agent — the market hasn’t shown signs of letting up anytime soon. As […]
The post Will the Real Estate Market Ever Calm Down?! appeared first on Lighter Side of Real Estate.
When the real estate market’s hot, there are always buyers who want to wait for prices to come down before buying a house. But as Kim Holderness illustrates in a hilarious video — where she stars as both a homebuyer and an agent — the market hasn’t shown signs of letting up anytime soon. As […]
The post Will the Real Estate Market Ever Calm Down?! appeared first on Lighter Side of Real Estate.
The housing market is really starting to feel the pain of higher mortgage rates. Today I’d like to unpack some fresh October stats to show what I mean. I also have some thoughts about the spring season when prices are dropping. Whether you’re local or not, I hope this is helpful. This post is designed to skim quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS:
11/4/22 Market update in Roseville (real estate pros only (details here))
11/15/22 Sacramento Bee Q&A at 12pm (RSVP here)
11/...
The housing market is really starting to feel the pain of higher mortgage rates. Today I’d like to unpack some fresh October stats to show what I mean. I also have some thoughts about the spring season when prices are dropping. Whether you’re local or not, I hope this is helpful. This post is designed to skim quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS:
11/4/22 Market update in Roseville (real estate pros only (details here))
11/15/22 Sacramento Bee Q&A at 12pm (RSVP here)
11/...
Investors kept up their steady pace of home purchases in the first three months of 2022, although they're buying fewer homes now than they have through most of the Covid-19 pandemic.
Investors kept up their steady pace of home purchases in the first three months of 2022, although they're buying fewer homes now than they have through most of the Covid-19 pandemic.