Home Value

December 29, 2020

U.S. Case-Shiller Home Price Index Closes 2020 with a Bang

Jumping 8.41%, U.S. home price index strongestsince March 2014 As the last housing market indicator in 2020, the S&P CoreLogic Case-Shiller Index finishes the year on a high note during this trying year. Home purchase activity remained consistently elevated through the end of the year, with s...

December 1, 2020

Annual U.S. Home Price Appreciation in October Fastest Since April ...

Home Price Index Highlights: October 2020 National home prices increased 7.3% year over year in October. Home prices are forecast to slow to a 1.9% increase from October 2020 to October 2021. National home prices increased 7.3% year over year in October 2020, according to the latest CoreLogic Hom...

September 23, 2020

The Recovery of Home Appraisals on Par with Home Sales despite Appr...

Whether mortgage investors expand or reduce appraisal waivers after the pandemic remains an open question In the wake of the COVID-19 pandemic, purchase-loan appraisals took a blow from disruptions inflicted upon homebuying and selling activities under nationwide lock-down and social distancing r...

August 28, 2020

Almost a Third of Metropolitan Areas at High Risk of Home Price Dec...

August 27, 2020 | 12:26PM ET Selma Hepp, Deputy Chief Economist Following the longest period of economic growth in the U.S., the onset of the COVID-19 pandemic led to a decline in economic activity and a resultant recession. According to the National Bureau of Economic Research, February 2020 mar...

November 13, 2019

Special Report: Amazon HQ2 and the Washington, DC Metro Housing Market

The Amazon HQ2 Announcement: Have Housing Prices Changed a Year Later? On November 13, 2018, Amazon stunned the news cycle by announcing that it was choosing not one, but two sites for the location of its second headquarters (HQ2): Arlington County, Virginia, at Crystal City, and Queens, New York...

December 1, 2017

How Much Is Your Home’s Collateral Value?

Traditional Appraisal and Automated Valuation Models Don’t Always See Eye to Eye Recently the two government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced plans to waive the requirement of a professional appraisal on qualified purchase loans with a loan-to-value ratio at or be...

November 10, 2016

Effective Age Versus Actual Age

An Important Appraisal Question Have you ever thought about how the components of your home contribute to the age of your home? The roof, siding, trim and windows, how long do they all last? How about the furnace and water heater? While electrical and plumbing fixtures, carpet, vinyl, flooring ma...

September 20, 2016

Land Values Drive Home Price Volatility

When homeowners think about the value of their properties they usually focus on the physical attributes of their houses and pay less attention to the land parcels on which their houses sit. This makes sense since most people spend more time inside their houses than in their backyards. But in many...

August 29, 2016

How Big Is My House?

Let’s ask a professional… Many aspects of building appraisal or valuation require personal judgment, but one aspect that should not be in this category is the measurements of a house. The actual size of a building is either determined from accurate building plans or by the actual measuremen...

March 22, 2016

Market Value vs. Replacement Cost

How to understand the difference between these two value approaches The market value and replacement cost of a building are not the same thing. They are distinctly different concepts which are estimated using different criteria. It is not necessary that the market value and replacement cost of a ...