Using numbers to tell a story about real estate. Exam Room 4
Bellingham, WA
Joined August 2016
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I am definitely posting more on Threads these days for the real estate statistics. You can find me at @bradygustavo there.
Appraisal waivers allowed for up to 90% LTV and a waiver with an inspection will be allowed for purchases up to a 97% LTV. Many decisions being made against appraisers these days reducing volume, increasing scrutiny, and misplaced accusations. Need @AI_National to step up.
Heard at the Seattle Real Estate Conference: Strip retail center investor demand has increased, partially due to the increased following of its ambassador: @realEstateTrent
Very cool look at office vacancy
CompStak conducted a detailed analysis of office leasing trends for the mid-year, uncovering significant market shifts across major U.S. markets.
Check out our blog series breaking down key findings, offering a closer look at the evolving office sector. hubs.ly/Q02Vx2mw0
There should be evidence showing that the 'cause' of the low appraisal was because of the color of the person's skin. That is all we appraisers ask. There is a lot of fear among our most ethical appraisers that they are going to get swept up in this.
DOJ sues Rocket, appraisal companies over alleged discrimination dlvr.it/TFcXV6
I endorse. Locally in the Pacific Northwest this seems like a good solution. Unfortunately, there have been a couple of developments in Bellingham that haven't sold as fast as one would think.
How do we solve America's housing crisis?
The pragmatic answer is townhouses.
Yes, we need more apartments and condos. But the reality is the US has built almost no condos since 2009. And apartments are good, but they're rentals.
Townhouses are a smart solution in many suburbs. Builders like them. Buyers like them. They're more affordable. And there isn't as much "NIMBY" opposition since they look similar to traditional single family.
What's interesting is townhouses are no longer just seen as "starter homes." As US family sizes are shrinking, a townhouse offers a better size (and value) than a "McMansion."
This property in Downtown Bellingham seems like a pretty good deal at $500k. Maybe there is a catch though. It is at 110 Unity Street with a 3,900-SF Building and 6,625-SF site.
Are all-cash buyers driving up home prices in Whatcom County?
wix.to/MmQ1uyN
#Realestate #Bellingham
Renderings show the potential for a cool restaurant at the two-building project at 922 10th Street in Bellingham. This is just south of the Chrysalis Hotel. The rest will be residential.
Peoples Bank has proposed a two-story branch location for the site formerly occupied by Zane Burger and Win's Drive In #Bellingham #realestate
Here is a look at the median price change in all NWMLS areas. The latest indicator was $650k in September, up 4.0% from a year earlier.
Inventory is definitely growing nationally. The change is happening much slower locally.
Housing Market Update - Whatcom County
September 2024
Prices keep going up.
wix.to/eyUU7it
Bellingham is getting a @ChickfilA and it might be the biggest store outside of New York City. It is almost 6,000 square feet and will be located at 4030 Cordata. Gross annual sales will be around $1billion.
Braden Gustafson, MAI 🏘 retweeted
News about last week’s interest-rate cut is starting to bring homebuyers back.
Mortgage-rate locks rose 68% from a month earlier in the days following the Fed meeting, and our Homebuyer Demand Index shot up to its highest level since May. #realestate
redfin.com/news/housing-mark…
The Importance of Months of Supply on home prices wix.to/sCn1VXW
#realestate
Had a good time hanging out with other appraisers in Bellingham last night. As an aside, I am a big fan of the burger at @StructuresBeer
