I am definitely posting more on Threads these days for the real estate statistics. You can find me at @bradygustavo there.
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Braden Gustafson, MAI ๐
3.7K posts
Braden Gustafson, MAI ๐
@GustafsonSnoco
Using numbers to tell a story about real estate. Exam Room 4
Bellingham, WA Bergabung Aฤustos 2016
426 Mengikuti432 Pengikut
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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.
HousingWire@HousingWire
FHFA to allow alternative appraisal methods on purchases up to 97% LTVย dlvr.it/TFq7yW
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Heard at the Seattle Real Estate Conference: Strip retail center investor demand has increased, partially due to the increased following of its ambassador: @realEstateTrent
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Very cool look at office vacancy
CompStak@CompStak
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
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@ChrisJBakke Would you have paid more if the @Pringles can was full and not empty?
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Just invested $5M into this future-of-yardwork company
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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.
HousingWire@HousingWire
DOJ sues Rocket, appraisal companies over alleged discrimination dlvr.it/TFcXV6
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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.
Heather Long@byHeatherLong
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."
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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.
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@realEstateTrent Were there land sales you could have seen at the time that justified that massive redevelopment potential? Was there really something you 'missed' at the time of sale?
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It was a very valuable lesson to get in my early thirties -- and you bet I still avoid the area at all costs any time I'm in town.
Ouch.
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We talk about our wins a lot, but this isn't one of them.
In 2014 we were presented a retail building for $2,500,000.
We chose to pass, and it sold for $7M just five years later.
Here's how it happened:
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Are all-cash buyers driving up home prices in Whatcom County?
wix.to/MmQ1uyN
#Realestate #Bellingham
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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.
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Peoples Bank has proposed a two-story branch location for the site formerly occupied by Zane Burger and Win's Drive In #Bellingham #realestate
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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.
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You can see the rate of change of the mortgages below 3% is much slower than the other loans. People do not want to let go of those.
Mike Simonsen ๐@mikesimonsen
Nearly 16% of all mortgages carry a rate greater than 6% now. By the end of the year that'll climb further.
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Inventory is definitely growing nationally. The change is happening much slower locally.
ResiClub ๐ก๐@ResidentialClub
Active housing inventory for sale, by September Sep. 2017 -> 1,308,607 Sep. 2018 -> 1,301,922 Sep. 2019 -> 1,224,868 Sep. 2020 -> 749,395 Sep. 2021 -> 578,070 Sep. 2022 -> 731,496 Sep. 2023 -> 702,430 Sep. 2024 -> 940,980
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Housing Market Update - Whatcom County
September 2024
Prices keep going up.
wix.to/eyUU7it
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@ThinkAppraiser Full credit to your parents for drilling these things when you probably rolled your eyes for the first 20 years of your life. Or at least I would have when I was young ;)
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My parents drilled these things in my head:
Work for yourself
no CC debt
buy real estate early and often and hold for 30 years
work really hard
automate your monthly stock investing so you dont have to think about it
keep living expenses low
only buy used cars with cash
dont try to keep up with the joneses
someone always has more than you or less than you, so dont compare if you can help it, only see if you are making progress
have a can-do attitude
Limit TV during the day
be generous, donate time/money to good causes
be thoughtful
learn about other cultures
Travel to see how others live and gain life experience
Be your best self so you can find the best mate to marry
what would you add to this list that I forgot?
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@ChrisJBakke @GORGO4547 It was the bread's fault. Didn't have a flat end so the teeth had nothing to grab on to. #badbread
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@GORGO4547 We just need another $150M to get the demo working.
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Just invested $65M into a new company that uses AI to slice bread.
Welcome to the future:
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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.
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