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Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...
There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. Reuters 3 months ago US single-family housing starts surge; permits up slightly
The median income for new homebuyers has increased sharply since the Covid pandemic and surpassed six figures, according to an NBC News analysis of U.S. Census Bureau data.
Housing contract activity picked up again in November as buyers shrugged off elevated mortgage rates and took advantage of higher inventory levels.. The Pending Home Sales Index, which tracks ...
Home vacancy is a major problem within the area; in 2012, over 369 of the homes in the neighborhood were vacant, indicating over a 20% vacancy rate. Much work has gone into revitalizing the area and building new homes due to the efforts of the mayor and his team, Nationwide Children's Hospital, and several other donors. [ 9 ]
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