Housing market predictions come from a thorough and educated analysis of real estate trends. History usually repeats itself, so accurate predictions can often be made by analyzing patterns within the market. When the economy is doing well and the housing market is stable, the…
News media across North America has created its own winter storm regarding the luxury real estate market. Headlines are clashing with each other, from the New York Times claiming that the luxury market is in a funk to BNN stating that it will bounce…
The luxury single-family and attached markets are currently gearing up for the fast-paced spring real estate market. Whether you’re looking to specialize in luxury appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to cities where…
Is the appraisal profession about to see a surge of newcomers? The industry sees a major spike in Millennial exam takers. The real estate market sees a significant drop in home sales competition. The ASB announced last week that it will be issuing a…
Whether you’re retiring and moving into a home that’s better suited to the 55-plus lifestyle, or you’re appraising a residence of that sort, it’s a good idea to get acquainted with the product. The senior housing segment of the real estate market is evolving…
The Bureau of Labor Statistics projects that job growth for appraisers between 2016–2026 will be 14%, which is faster than average for all occupations. Demand for property appraisers is linked to the real estate market, which can fluctuate in the short term. Over the…
The U.S. real estate market is experiencing a surge in both resident and nonresident foreign investors. International buyers from China, Canada, India, and more are scooping up residential, commercial, and industrial properties. This is good for business for real estate agents across the nation.…
The ranks of first-time homebuyers may have been dropping in recent years. But that trend changed with more newbies entering the market last year, an upswing expected to continue in 2017, according to Realtor.com. Although only 33 percent of homebuyers last year were first-timers,…
Nearly 15 years ago, homeowners were anxious to refinance their homes, thinking the interest rates had hit historic lows. “Thirty-year fixed rates were at 5.3 percent then, which was a rock-bottom point,” said Keith Gumbinger, vice president of HSH.com mortgage data firm. “We became…
Millennial home buyers are no doubt a big driving force in today’s real estate market. Eighteen to 34-year-olds make up the largest group of all home buyers, with some experts predicting that they could purchase one out of every three homes this year. So…
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