Real Estate Analysis and Commentary in the Mid-Hudson Valley

November 9th, 2022 6:18 PM
Residential real estate appraisers must have the necessary education, knowledge, and experience to perform their valuation assignments competently. Residential Property Appraisal is an authoritative, accessible text that will prove essential to valuers new to the field as well as more experienced residential appraisers looking for timely information on current topics and issues. The book explores all aspects of home ownership, value, and economics and details all the steps of the appraisal process. Specialty residential property types and markets are thoroughly discussed. Each chapter includes examples illustrating common scenarios encountered in residential appraisal practice and presents definitions of key terms to help the reader understand the important concepts presented.

Posted by Richard Binkowski on November 9th, 2022 6:18 PMLeave a Comment

Subscribe to this blog
October 6th, 2022 11:21 AM
luxury real estate is impacting the housing market, Manhattan is less sensitive to changes in mortgage rates and the trend of declines in buyer demand.

Posted in:Real estate
Posted by Richard Binkowski on October 6th, 2022 11:21 AMLeave a Comment

Subscribe to this blog
August 1st, 2020 5:46 PM

Who would have thought that this summer, with the number of COVID-19 cases surging and new rounds of restrictions and shutdowns, would yield one of the most competitive housing markets in recent memory? Nonetheless, home prices have hit record highs as buyers are battling it out across the nation over a limited selection of reasonably priced abodes.

In July, the median home price shot up 8.5% year over year, to hit a new all-time high of $349,000, according to the most recent realtor.comĀ® data.  And those mind-boggling high prices, shooting up in the middle of a recession with the worst unemployment since the Great Depression and an economy undergoing a historic contraction, are a direct result of the pandemic.

Posted in:General and tagged: Covid-19
Posted by Richard Binkowski on August 1st, 2020 5:46 PMLeave a Comment

Subscribe to this blog
July 17th, 2020 2:50 PM
Something important to note is that a real estate market analysis is different than an appraised value, which is determined by a professional appraiser. A comparable market analysis is considered subjective and gives the seller information on the value of similar houses in the area.  Additionally, it should also be pointed out that a CMA doe's not include individual adjustments for things like age/condition, land size, improvements etc...  A professional appraisal accounts for every difference between your property and any comparables utilized. 

Posted by Richard Binkowski on July 17th, 2020 2:50 PMLeave a Comment

Subscribe to this blog