Is Property Valuation Risk for Banks and Developers

The central bank of Australia has issued a warning of the deteriorating conditions in the markets for commercial property, with banks and developers being exposed to property valuations that are too high. In its April Financial Stability Review, the Reserve Bank gave a grim forecast detailing that the period ahead would experience declines in volume

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What determines the value of a home?

While both the house and location will factor into the value of a property, in the end, it is an appraiser that actually drives or rather determines a property’s actual value. Say what? to put it simply: Appraisals determine property values Property values are important to buyers Property values are important to sellers Lenders want

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Real estate tech startup Compass raises $100M, plots nationwide expansion

Compass, a real estate technology company, today announced it has raised a $100 million Series E investment round with participation from Fidelity Investments, IVP, Wellington Management, and other global investors.

Redefy lets users ask Alexa how much their home is worth

Redefy, the leading real estate platform that sells your home without taking a listing commission, has launched the first national-scale Alexa skill for home valuation.

Zillow values the White House at $397.7 million

Zillow has updated its valuation for the White House, saying it’s now worth $397.9 million, according to its latest Zillow home valuation.

TrueHome offers simplified home valuations in an instant

How much research does the average homeowner have to put in to work out their home’s value?

Airbnb lands $850M funding, becomes world’s 2nd most valuable company

Home sharing giant Airbnb has added $850 million to its coffers, taking its value to an eye-watering $30 billion.

The Paradox of Price Per Square Foot Value

Price-per-square-foot is widely used as a basis for estimating value, and it is also one riddled with problems. It can be strongly argued that price per square foot has no value in ascertaining value at all. Many variables inherent in deriving price per square foot are insignificant and that renders conclusions based upon them all but worthless. There are of course exceptions; new tract construction, tract condominiums and on occasion newer commercial properties. This article considers existing homes as it is frequently applied broadly and quite inaccurately.

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