REAL ESTATE

By Inman News Feed

Quicken Loans HPPI reports LA home values higher than perceptions

Quicken Loans released its Home Price Perception Index (HPPI) for January, finding that the range between expectations and actual appraisal values is getting smaller. On February 9, the retail mortgage lender announced average home appraisal values in January were 1.75 percent lower than homeowners' expectations. ...

READ MORE
Posted Feb. 11, 2016

REAL ESTATE

By Inman News Feed

NY State MLS releases instant messaging app for agents

State Listings, Inc., recently announced the unveiling of an app designed to streamline communication between agents and clients, making it the first ever platform to connect MLS members and the public directly from the MLS. The MLSChat App for iPhone and Android links on both agents' profiles and on NY State MLS and My State MLS listings ...

READ MORE
Posted Feb. 11, 2016

What's Your Home Worth?

The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is pulled from data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. Variations in price also occur because of negotiating factors, closing costs, and timing of closing....

Provided by Zillow

REAL ESTATE

By Inman News Feed

Brooklyn is the most inflated housing market in the US

Brooklyn is now the priciest housing market in the nation when considering percent of income spent on housing, according to real estate data company RealtyTrac. In Brooklyn, residents making the median income must devote 98 percent of their take-home pay on housing to afford a median-priced home, and median-priced homes are currently sitting at $615,000, as outlined in a recent report on Bloomberg ...

READ MORE
Posted Feb. 11, 2016

MORE...